City Of Lakes Care Center
- Assets
- $14.0m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 247
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 41-1985663
Organization Overview
City Of Lakes Care Center 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 06/2021, City Of Lakes Care Center employed 247 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. City Of Lakes Care Center 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, City Of Lakes Care Center generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $10.8m during the year ending 06/2021. While expenses have increased by 0.4% 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
TO WITNESS 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 HEALTH CENTER - MINNEAPOLIS, IS A 95 BED LONG-TERM CARE IN MINNEAPOLIS, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY.THE FACILITY HAD 82.7% OCCUPANCY AND SERVED 131 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hoel Chair | OfficerTrustee | 1 | $0 |
Jeffrey Benson Vice Chair | OfficerTrustee | 1 | $0 |
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Steve Jobe Executive Director | Officer | 40 | $0 |
Tia Bowe VP Of Bhs/director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cura Hospitality Llc Dietary Services | 6/29/21 | $558,322 |
Benedictine Health System Management Services | 6/29/21 | $764,767 |
Mckesson Medical Medical Supplies | 6/29/21 | $301,877 |
Securitas Security Services Inc Security Services | 6/29/21 | $119,029 |
Metro Building Restoration Building Renovations | 6/29/21 | $110,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $484,292 |
| 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 | $484,292 |
| Total Program Service Revenue | $12,118,870 |
| Investment income | $0 |
| 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 | $12,225,054 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,405 |
| Grants and other assistance to domestic individuals. | $53,053 |
| 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 | $6,013,878 |
| Pension plan accruals and contributions | $122,120 |
| Other employee benefits | $484,701 |
| Payroll taxes | $452,362 |
| Fees for services: Management | $715,194 |
| Fees for services: Legal | $457 |
| Fees for services: Accounting | $16,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $689,765 |
| Advertising and promotion | $18,586 |
| Office expenses | $20,501 |
| Information technology | $6 |
| Royalties | $0 |
| Occupancy | $359,467 |
| Travel | $7,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,247 |
| Insurance | $96,693 |
| All other expenses | $61,948 |
| Total functional expenses | $10,824,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,284,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,314,002 |
| 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 | $11,187 |
| Net Land, buildings, and equipment | $4,043,797 |
| Investments—publicly traded securities | $2,126,951 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,215,970 |
| Total assets | $13,996,448 |
| Accounts payable and accrued expenses | $950,290 |
| Grants payable | $0 |
| Deferred revenue | $370,334 |
| Tax-exempt bond liabilities | $1,017,363 |
| Escrow or custodial account liability | $97,983 |
| 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 | $420,993 |
| Total liabilities | $2,856,963 |
| Net assets without donor restrictions | $11,010,852 |
| Net assets with donor restrictions | $128,633 |
| 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 | $13,996,448 |
Grants Awarded
Over the last fiscal year, City Of Lakes Care Center has awarded $183,405 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $159,446 |
Minneapolis, MN PURPOSE: FOUNDATION EXPENSES | $23,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Of Lakes Care Center has recieved totaling $29,654.
| Awarding Organization | Amount |
|---|---|
Benedictine Foundation Minneapolis, MN PURPOSE: CAPITAL | $29,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |