Aase Haugen Homes Inc
- Assets
- $6.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 147
- Location
- Decorah, IA
- Founding
- 10/1961
- Data as of
- 12/2023
- EIN
- 42-0680299
Organization Overview
Aase Haugen Homes Inc is located in Decorah, IA. The organization was established in 1961. 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 12/2023, Aase Haugen Homes Inc employed 147 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aase Haugen 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 12/2023, Aase Haugen Homes Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A CONTINUUM OF CARE IN A CHRISTIAN ENVIRONMENT WHICH NURTURES THE BODY, MIND AND SOUL LEADING TO HEALING AND HOPE FOR ALL WE SERVE.
Describe the Organization's Program Activity:
OPERATED A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDED CARE TO NURSING HOME RESIDENTS AND RESIDENTS IN ASSISTED LIVING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Boeke Executive Di | Officer | 1 | $228,522 |
Patricia Casterton Marketing Di | 40 | $104,495 | |
Wanda Askelson Secretary | OfficerTrustee | 1 | $0 |
Rev Roger Buhr Director | Trustee | 1 | $0 |
John Dambek Director | Trustee | 1 | $0 |
Deana Hageman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Time Healthcare Llc Contract Labor | 12/30/23 | $127,800 |
United Capital Funding Corp Contract Labor | 12/30/23 | $857,319 |
Medical Solutions Staffing | 12/30/23 | $803,013 |
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 | $336,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,856 |
| Total Program Service Revenue | $7,477,155 |
| Investment income | $47,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,847 |
| 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 | $7,856,690 |
| 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. | $228,522 |
| Compensation of current officers, directors, key employees. | $228,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,643,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $266,108 |
| Payroll taxes | $210,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,752 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,579,606 |
| Advertising and promotion | $24,480 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $319,663 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,260 |
| Insurance | $126,476 |
| All other expenses | $0 |
| Total functional expenses | $7,463,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,324,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $984,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,683 |
| Prepaid expenses and deferred charges | $59,540 |
| Net Land, buildings, and equipment | $1,886,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,156,635 |
| Total assets | $6,435,858 |
| Accounts payable and accrued expenses | $1,044,857 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $701,927 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,746,784 |
| Net assets without donor restrictions | $4,129,161 |
| Net assets with donor restrictions | $559,913 |
| 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 | $6,435,858 |