Methodist Manor Retirement Community
- Assets
- $29.2m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 281
- Location
- Storm Lake, IA
- Founding
- 01/1962
- Data as of
- 12/2023
- EIN
- 42-0837578
Organization Overview
Methodist Manor Retirement Community is located in Storm Lake, IA. The organization was established in 1962. 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, Methodist Manor Retirement Community employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Manor Retirement Community 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, Methodist Manor Retirement Community generated $12.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $12.9m during the year ending 12/2023. While expenses have increased by 6.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
METHODIST MANOR RETIREMENT COMMUNITY IS A MULTI-LEVEL SERVICES COMMUNITY FOR OLDER ADULTS PROVIDING QUALITY CARE IN A LOVING CHRISTIAN ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SKILLED AND INTERMEDIATE LONG TERM CARE TO THE ELDERLY AND DISABLED. PROVIDES ASSISTED LIVING SERVICES TO THE ELDERLY AND DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Landgraf Administrato | Officer | 40 | $110,445 |
David Archer Director | Trustee | 1 | $0 |
Bob Bennett Vice Preside | OfficerTrustee | 1 | $0 |
Steve Campbell Treasurer | OfficerTrustee | 1 | $0 |
Deb Dehaan Director | Trustee | 1 | $0 |
Joleen Dentlinger Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Generations Senior Management & Cons Consultation | 12/30/23 | $200,000 |
Reliant Rehabilitation Rehab | 12/30/23 | $194,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,500 |
| Total Program Service Revenue | $12,770,849 |
| Investment income | $20,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,517 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,256 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,868,854 |
| 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. | $110,445 |
| Compensation of current officers, directors, key employees. | $110,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,336,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $649,884 |
| Payroll taxes | $506,029 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $669,253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,057,183 |
| Insurance | $0 |
| All other expenses | $88,745 |
| Total functional expenses | $12,863,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,773 |
| Savings and temporary cash investments | $1,215,027 |
| Pledges and grants receivable | $51,380 |
| Accounts receivable, net | $765,756 |
| 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 | $84,403 |
| Net Land, buildings, and equipment | $26,302,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,139 |
| Total assets | $29,235,570 |
| Accounts payable and accrued expenses | $227,621 |
| 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 | $27,977,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $730,270 |
| Total liabilities | $28,935,731 |
| Net assets without donor restrictions | -$750,315 |
| Net assets with donor restrictions | $1,050,154 |
| 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 | $29,235,570 |