Cronin Homes Inc
- Assets
- $601.2k
- Revenue
- $874.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 41-1373902
Organization Overview
Cronin Homes Inc is located in Rochester, MN. The organization was established in 1980. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cronin Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cronin Homes Inc generated $874.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $814.2k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BOARD AND LODGING FACILITIES FOR CHRONIC ALCOHOLICS AND ASSIST THEM IN DEALING WITH THEIR DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Frisch Executive Di | 40 | $89,017 | |
Jennifer Kidd Vice Preside | 1 | $0 | |
William Brooks Director | 1 | $0 | |
Kevin Furr Secretary | 1 | $0 | |
Sarah Kirk-Maass Director | 1 | $0 | |
David Vanderheyden Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $225,465 |
| Interest on Savings | $408 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,790 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $650,245 |
| Total Revenue | $874,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,017 |
| Other employee salaries and wages | $363,235 |
| Pension plans, employee benefits | $58,574 |
| Interest | $242 |
| Taxes | $0 |
| Depreciation | $50,481 |
| Occupancy | $41,330 |
| Travel, conferences, and meetings | $322 |
| Printing and publications | $0 |
| Other expenses | $204,660 |
| Total operating and administrative expenses | $814,169 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $814,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,995 |
| Savings and temporary cash investments | $334,897 |
| Net Accounts receivable | $44,213 |
| Net Pledges Receivable | $0 |
| Grants receivable | $131,589 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,207 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $75,711 |
| Other assets | $1,547 |
| Total assets | $601,159 |
| Accounts payable and accrued expenses | $8,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $52,381 |
| Total liabilities | $61,348 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nu-Way House Inc Minneapolis, MN | $41,535,538 | $48,907,875 |
Area Substance Abuse Council Cedar Rapids, IA | $11,919,914 | $12,188,379 |
Tubman Minneapolis, MN | $17,800,603 | $11,842,964 |
Reverence For Life & Concern For People Inc Granite Falls, MN | $32,754,729 | $12,373,698 |
Center For Alcohol & Drug Treatment Inc Duluth, MN | $7,223,543 | $9,794,445 |
Heartview Foundation Bismarck, ND | $12,961,123 | $10,576,696 |
Prelude Behavioral Services Iowa City, IA | $7,107,907 | $7,728,524 |
Mooring Programs Incorporated Neenah, WI | $2,098,833 | $6,922,837 |
House Of Mercy Des Moines, IA | $3,800,476 | $8,298,538 |
Minnesota Indian Primary Residental Treatment Center Inc Sawyer, MN | $12,554,536 | $7,543,605 |
Nuway Recovery Foundation Minneapolis, MN | $2,836,058 | $6,551,015 |
Share House Inc Fargo, ND | $8,286,212 | $7,856,343 |