Madonna Towers Of Rochester Inc
- Assets
- $26.3m
- Revenue
- $16.2m
- Investments
- -$92.1k
- Employees
- 424
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-1809914
Organization Overview
Madonna Towers Of Rochester Inc is located in Minneapolis, MN. The organization was established in 1946. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Madonna Towers Of Rochester Inc employed 424 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Madonna Towers Of Rochester 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 06/2021, Madonna Towers Of Rochester Inc generated $16.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $15.0m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BENEDICTINE MADONNA TOWERS, IS A 62 BED LONG-TERM CARE FACILITY IN ROCHESTER, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 89.9% OCCUPANCY AND SERVED 276 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
OPERATION OF BENEDICTINE MADONNA TOWERS CONSISTS OF A 24-UNIT ASSISTED LIVING FACILITY, 30-UNIT MEMORY CARE ASSISTED LIVING FACILITY AND 83 UNITS OF INDEPENDENT LIVING IN ROCHESTER, MINNESOTA. THE FACILITY HAD AN AVERAGE OCCUPANCY OF 89.2% AND SERVED 153 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bruhn VP Of Bhs | OfficerTrustee | 1 | $0 |
Michael Willard Vice Chair | OfficerTrustee | 1 | $0 |
Larry Koshire Chair | OfficerTrustee | 1 | $0 |
Andrew Wagg Executive Director | Officer | 40 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benedictine Health System Management Services | 6/29/21 | $964,841 |
Aa Able Homecare Llc Tempory Nursing Staff | 6/29/21 | $259,372 |
Us Food Service- Nw 6059 Food & Culinary Supplies | 6/29/21 | $508,034 |
Advanced Health Institute Llc Tempory Nursing Staff | 6/29/21 | $209,083 |
Otis Elevator Company Elevator Modernization | 6/29/21 | $240,957 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $76,528 |
| Government grants | $611,838 |
| 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 | $688,366 |
| Total Program Service Revenue | $15,201,114 |
| Investment income | $66,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,885 |
| Net Gain/Loss on Asset Sales | $19,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,247,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,312 |
| Grants and other assistance to domestic individuals. | $4,006 |
| 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 | $6,228,759 |
| Pension plan accruals and contributions | $73,093 |
| Other employee benefits | $812,104 |
| Payroll taxes | $463,708 |
| Fees for services: Management | $902,425 |
| Fees for services: Legal | $306 |
| Fees for services: Accounting | $17,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,257,769 |
| Advertising and promotion | $48,954 |
| Office expenses | $71,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $693,261 |
| Travel | $154,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42 |
| Interest | $257,391 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,137,984 |
| Insurance | $141,838 |
| All other expenses | $55,128 |
| Total functional expenses | $15,011,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,631,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,258,186 |
| 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 | $50,975 |
| Net Land, buildings, and equipment | $16,130,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$92,138 |
| Investments—program-related | $0 |
| Intangible assets | $38,755 |
| Other assets | $4,323,336 |
| Total assets | $26,340,928 |
| Accounts payable and accrued expenses | $1,528,007 |
| Grants payable | $0 |
| Deferred revenue | $2,198,722 |
| Tax-exempt bond liabilities | $8,153,569 |
| Escrow or custodial account liability | $2,993 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,448 |
| Other liabilities | $233,962 |
| Total liabilities | $12,123,701 |
| Net assets without donor restrictions | $13,612,473 |
| Net assets with donor restrictions | $604,754 |
| 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 | $26,340,928 |
Grants Awarded
Over the last fiscal year, Madonna Towers Of Rochester Inc has awarded $991,305 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $210,435 |
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $210,435 |
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $210,435 |
MADONNA SUMMIT OF BYRON LLC PURPOSE: CAPITAL FUND/SUPPORT | $120,000 |
MADONNA SUMMIT OF BYRON LLC PURPOSE: CAPITAL FUND/SUPPORT | $120,000 |
MADONNA SUMMIT OF BYRON LLC PURPOSE: CAPITAL FUND/SUPPORT | $120,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madonna Towers Of Rochester Inc has recieved totaling $6,830.
| Awarding Organization | Amount |
|---|---|
Rochester Area Foundation Rochester, MN PURPOSE: PROGRAM SUPPORT | $6,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |