Catholic Eldercare
- Assets
- $38.1m
- Revenue
- $21.4m
- Investments
- $0.0
- Employees
- 576
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 09/2023
- EIN
- 41-1399954
Organization Overview
Catholic Eldercare is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 09/2023, Catholic Eldercare employed 576 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Eldercare 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 09/2023, Catholic Eldercare generated $21.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $20.2m during the year ending 09/2023. While expenses have increased by 5.3% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GROUNDED IN FAITH, CATHOLIC ELDERCARE OFFERS COMPASSIONATE, PERSON-CENTERED CARE, HOUSING, AND SERVICES TO ALL PEOPLE, WITHOUT EXCEPTION, SO THEY CAN LIVE AND AGE WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 174-BED SKILLED NURSING FACILITY (24 OF THE BEDS ARE USED FOR TRANSITIONAL CARE) FOR THE ELDERLY OF MINNEAPOLIS AND SURROUNDING COMMUNITIES. THE FACILITY PROVIDES SENIORS WITH A FULL ARRAY OF SERVICES, FROM 24-HOUR NURSING CARE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, RECREATIONAL ACTIVITIES, PASTORAL CARE, AND SPECIALIZED DINING SERVICES. THE FACILITY IS FOCUSED ON A HOLISTIC, PERSON-CENTERED APPROACH. THE FACILITY EMPLOYS APPROXIMATELY 380 PEOPLE, BOTH FULL AND PART TIME AND HAS APPROXIMATELY 40 VOLUNTEERS WHO ASSIST WITH ACTIVITIES, PROVIDING A STRONG LINK TO THE COMMUNITY. APPROXIMATELY 75% OF RESDIENTS RECEIVE SOME SORT OF SUBSIDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Hanten Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Chris Fitzmorris Board Treasurer | OfficerTrustee | 1 | $0 |
Nancy Utoft Board Chair | OfficerTrustee | 1 | $0 |
Greg Baumberger President/ceo | Officer | 30 | $191,288 |
Patrick Zeman Controller | Officer | 24 | $98,321 |
Marie Barta Director Of Operations Skilled Care | 40 | $129,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $543,441 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,921 |
| Total Program Service Revenue | $20,868,962 |
| Investment income | $2,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,423,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $286,313 |
| Compensation of current officers, directors, key employees. | $8,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,429,719 |
| Pension plan accruals and contributions | $138,498 |
| Other employee benefits | $1,536,207 |
| Payroll taxes | $1,229,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,107,755 |
| Advertising and promotion | $0 |
| Office expenses | $162,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $556,268 |
| Travel | $1,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $810,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,467,819 |
| Insurance | $0 |
| All other expenses | -$6,295,100 |
| Total functional expenses | $20,226,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$7,888,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,029,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $173,461 |
| Net Land, buildings, and equipment | $30,503,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,265,447 |
| Total assets | $38,083,561 |
| Accounts payable and accrued expenses | $1,402,551 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,440,885 |
| Escrow or custodial account liability | $55,950 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,483,185 |
| Total liabilities | $34,382,571 |
| Net assets without donor restrictions | $3,700,990 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,083,561 |