North Homes Inc
- Assets
- $21.5m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 410
- Location
- Grand Rapids, MN
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 41-1682025
Organization Overview
North Homes Inc is located in Grand Rapids, MN. The organization was established in 1991. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, North Homes Inc employed 410 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North 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, North Homes Inc generated $20.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $17.7m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CONTINUUM OF HIGHEST QUALITY COMPREHENSIVE CARE AND PREVENTIONS SERVICES FOR AT-RISK YOUTH AND FAMILIES IN THE COMMUNITIES WE SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES A CONTINUUM OF COMMUNITY SERVICES INCLUDING SHELTER, COUNSELING, FOSTER CARE,RESIDENTIAL TREATMENT AND GROUP HOME CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Weis Chair | Trustee | 1 | $0 |
Jon Frimanslund Vice-Chair | Trustee | 1 | $0 |
Chris Lynch Treasurer | Trustee | 1 | $0 |
Charlete Alto Secretary | Trustee | 1 | $0 |
Kelly Kirwin Board Member | Trustee | 1 | $0 |
Keith Murphy Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cindy Shackman Medication Mgmt | 12/30/19 | $144,558 |
Doug Carlson Foster Care | 12/30/19 | $118,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,202,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,702,268 |
| Total Program Service Revenue | $14,393,047 |
| Investment income | $13,863 |
| 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 | $20,438,205 |
| 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. | $472,626 |
| Compensation of current officers, directors, key employees. | $189,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,421,646 |
| Pension plan accruals and contributions | $337,531 |
| Other employee benefits | $1,297,693 |
| Payroll taxes | $862,054 |
| 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 | $0 |
| Advertising and promotion | $42,868 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $310,625 |
| Travel | $169,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,606 |
| Interest | $72,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $327,879 |
| Insurance | $353,471 |
| All other expenses | $524,323 |
| Total functional expenses | $17,659,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,098 |
| Savings and temporary cash investments | $4,447,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,994,269 |
| 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 | $233,049 |
| Net Land, buildings, and equipment | $11,837,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850,000 |
| Total assets | $21,495,147 |
| Accounts payable and accrued expenses | $2,042,212 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,627,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $850,000 |
| Total liabilities | $6,594,917 |
| Net assets without donor restrictions | $14,900,230 |
| 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 | $21,495,147 |