Nexus Diversified Community Services
- Assets
- $68.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 41-1419062
Organization Overview
Nexus Diversified Community Services is located in Plymouth, MN. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexus Diversified Community Services 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 12/2022, Nexus Diversified Community Services generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING LIVES, FAMILIES, AND COMMUNITIES THROUGH OUR CORNERSTONE VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF FACILITIES AND PROVISION OF ADMINISTRATIVE SERVICES TO NEXUS-MILLE LACS FAMILY HEALING, NEXUS-INDIAN OAKS FAMILY HEALING, NEXUS-ONARGA FAMILY HEALING, AND NEXUS-GERARD FAMILY HEALING FOR THE PURPOSE OF PROVIDING SERVICES TO YOUTH AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Zimmer Board Chair | OfficerTrustee | 1 | $0 |
Jeri Quest Vice Chair | OfficerTrustee | 1 | $0 |
Scott Lynchdir Thru Apr Secretary (as Of Apr) | OfficerTrustee | 1 | $0 |
John Haydon Secretary (thru Sept) | OfficerTrustee | 1 | $0 |
Lisa Bjergaard Director | Trustee | 1 | $0 |
Mette Mcloughlin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stonebridge Capital Advisors Investment Advisor | 12/30/22 | $213,274 |
Primacy Strategy Group Llc Consulting | 12/30/22 | $164,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,050,374 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,050,374 |
| Total Program Service Revenue | $6,953,215 |
| Investment income | $1,016,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,063,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,029 |
| Fees for services: Accounting | $17,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $214,642 |
| Fees for services: Other | $255,445 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,919 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $569,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,325,107 |
| Insurance | $108,448 |
| All other expenses | $0 |
| Total functional expenses | $7,332,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $974,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $501,569 |
| 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 | $12,533 |
| Net Land, buildings, and equipment | $29,623,911 |
| Investments—publicly traded securities | $37,411,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,524,668 |
| Accounts payable and accrued expenses | $52,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,785,469 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,127,882 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,978,865 |
| Total liabilities | $23,944,956 |
| Net assets without donor restrictions | $44,531,913 |
| Net assets with donor restrictions | $47,799 |
| 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 | $68,524,668 |
Grants Awarded
Over the last fiscal year, Nexus Diversified Community Services has awarded $718,816 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KINDRED FAMILY FOCUS PURPOSE: GENERAL SUPPORT | $114,824 |
NEXUS PURPOSE: GENERAL SUPPORT | $471,600 |
WOODBOURNE CENTER INC PURPOSE: GENERAL SUPPORT | $132,392 |