Twin City Christian Homes Inc
- Assets
- $3.9m
- Revenue
- $437.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, MN
- Founding
- 07/1986
- Data as of
- 09/2021
- EIN
- 41-1538892
Organization Overview
Twin City Christian Homes Inc, operating under the name Avinity Inc, is located in Richfield, MN. The organization was established in 1986. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avinity 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 09/2021, Avinity Inc generated $437.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $499.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVINITY, INC. AND ITS AFFILIATE ORGANIZATIONS PROVIDE SENIOR PERSONSWITH SUITABLE HOUSING AND SUPPORT SERVICES, WITH THE GOAL OF ALLOWINGTHEM TO REMAIN ACTIVE AND VIBRANT THROUGHOUT THEIR LATER YEARS OF LIFE.CURRENTLY, MORE THAN 900 SENIORS, ALONG WITH THEIR FAMILIES, ARE BEINGSERVED.DURING THE YEAR ENDED SEPTEMBER 30, 2021, AVINITY, INC. BECAME THE SOLE MEMBER OF AVINITY CAMBRIDGE LLC DBA RIVERWOOD VILLAGE, WHICH OPERATES A 45 UNIT SENIOR LIVING FACILITY IN CAMBRIDGE,MN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Meyer Treasurer & COO | OfficerTrustee | 0.5 | $0 |
Dan Lindh President | OfficerTrustee | 0.5 | $0 |
Tamara Tasche Board Chair | OfficerTrustee | 0.5 | $0 |
Norman Wenck Bd Vice Chair | OfficerTrustee | 0.5 | $0 |
John Bergeson Secretary | OfficerTrustee | 0.5 | $0 |
Denyse Ethridge Executive Director & COO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $436,950 |
| Investment income | $13 |
| 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 | $436,963 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,410 |
| Pension plan accruals and contributions | $8 |
| Other employee benefits | $1,344 |
| Payroll taxes | $3,033 |
| Fees for services: Management | $21,758 |
| 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 | $90,330 |
| Advertising and promotion | $22,936 |
| Office expenses | $9,458 |
| Information technology | $161 |
| Royalties | $0 |
| Occupancy | $109,595 |
| Travel | $142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $317 |
| Interest | $87,544 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,771 |
| Insurance | $14,075 |
| All other expenses | $0 |
| Total functional expenses | $499,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,803,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,874,216 |
| Accounts payable and accrued expenses | $32,063 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $54,518 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,068,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,599 |
| Total liabilities | $3,210,377 |
| Net assets without donor restrictions | $663,839 |
| 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 | $3,874,216 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twin City Christian Homes Inc has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Duluth Superior Area Community Foundation Inc Duluth, MN PURPOSE: Avinity Dementia Outreach | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Critical Access Group Duluth, MN | $0 | $1,435,391 |
Medical College Of Wisconson Affiliated Hospitals Inc Milwaukee, WI | $6,525,600 | $83,100,377 |
D&t Facility Management Company St Paul, MN | $0 | $9,375,360 |
Nuway Alliance Minneapolis, MN | $20,306,360 | $15,942,429 |
Central Iowa Health Properties Corporation Des Moines, IA | $56,150,433 | $5,306,089 |
Otto Schoitz Foundation Waterloo, IA | $68,331,413 | $12,915,755 |
Mbp Facility Llc Minneapolis, MN | $33,492,901 | $0 |
Wilderness Health Two Harbors, MN | $1,715,347 | $1,435,030 |
Twin City Christian Homes Inc Richfield, MN | $3,874,216 | $436,963 |
Minnesota Medication Repository Program Minneapolis, MN | $133,550 | $565,566 |
Deuel County Memorial Hospital Clear Lake, SD | $3,885,999 | $273,743 |
Towner County Hospital Authority Cando, ND | $5,364,276 | $3,599,010 |