Meth-Wick Community
- Assets
- $36.3m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 240
- Location
- Cedar Rapids, IA
- Founding
- 03/1962
- Data as of
- 03/2022
- EIN
- 42-0838541
Organization Overview
Meth-Wick Community is located in Cedar Rapids, IA. The organization was established in 1962. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2022, Meth-Wick Community employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meth-Wick 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 03/2022, Meth-Wick Community generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $18.9m during the year ending 03/2022. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
NURSING HOME- OPERATED A 69 BED NURSING HOME FACILITY WHICHPROVIDED 22,163 RESIDENT DAYS OF CARE FOR RESIDENTS TRANSFERRINGFROM OTHER SERVICE LEVELS WITHIN THE METH-WICK COMMUNITY ANDFROM THE SURROUNDING AREA. FREE AND DISCOUNTED CARE IS PROVIDEDTO ANY RESIDENT WHO IS UNABLE TO PAY FOR THE SERVICES THEY NEED.13 RESIDENTS RECEIVED SUCH ASSISTANCE IN THE 2021-22 FISCAL YEAR.
INDEPENDENT LIVING - PROVIDED 175 INDEPENDENT LIVING UNITS WHICHALLOW THE RESIDENTS THE OPPORTUNITY TO LIVE INDEPENDENTLY WHILEHAVING ACCESS TO ALL HEALTH, WELLNESS AND RECREATIONAL SERVICESAVAILABLE ON OUR CAMPUS. ADDITIONALLY, INDEPENDENT LIVING RESIDENTSMAY ADD SERVICES OR TRANSITION TO ANY OTHER LEVEL OF LIVING/CAREPROVIDED ON OUR CAMPUS WHEN NECESSARY TO MEET THEIR NEEDS.
ASSISTED LIVING - OPERATED TWO ASSISTED LIVING UNITS WITH 60 TOTAL BEDS. PROVIDED 15,897 RESIDENT DAYS OF CARE FOR RESIDENTS TRANSFERRING FROM OTHER SERVICE LEVELS WITHIN THE METH-WICK COMMUNITY AND THE SURROUNDING AREA. FREE AND DISCOUNTED CARE IS PROVIDED TO ANY RESIDENT WHO IS UNABLE TO PAY FOR THE SERVICES THEY NEED. 2 RESIDENTS RECEIVED SUCH ASSISTANCE IN THE 2021-22 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Mixdorf President | Officer | 48 | $334,830 |
Ron Jaeger Chief Financial Officer | Officer | 40 | $145,472 |
Ruth Nebergall Past Chair (unitl 07/21) | OfficerTrustee | 1 | $0 |
Brian Scott Chair | OfficerTrustee | 1 | $0 |
Mike Dulaney Secretary | OfficerTrustee | 1 | $0 |
Deborah Gertsen Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Service Provider | 3/30/22 | $2,110,256 |
Appleby And Horn Tile Co Flooring Vendor | 3/30/22 | $340,735 |
Millennium Rehab & Consulting Inc Therapy Provider | 3/30/22 | $326,329 |
Grapetree Medical Staffing Llc Contract Staffing | 3/30/22 | $201,701 |
J W Morton And Assoc Advertising | 3/30/22 | $149,907 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,301 |
| All other contributions, gifts, grants, and similar amounts not included above | $545,314 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $562,615 |
| Total Program Service Revenue | $17,665,467 |
| Investment income | $307,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $527 |
| Net Gain/Loss on Asset Sales | $15,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,595,855 |
| 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. | $509,111 |
| Compensation of current officers, directors, key employees. | $407,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,181,386 |
| Pension plan accruals and contributions | $179,472 |
| Other employee benefits | $1,179,493 |
| Payroll taxes | $549,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,382 |
| Fees for services: Accounting | $72,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,946 |
| Fees for services: Other | $389,371 |
| Advertising and promotion | $162,806 |
| Office expenses | $507,472 |
| Information technology | $116,542 |
| Royalties | $0 |
| Occupancy | $864,099 |
| Travel | $17,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,389 |
| Interest | $25,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,996,733 |
| Insurance | $297,946 |
| All other expenses | $183,476 |
| Total functional expenses | $18,897,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,929,418 |
| Savings and temporary cash investments | $339,265 |
| Pledges and grants receivable | $308,149 |
| Accounts receivable, net | $563,024 |
| 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 | $276,802 |
| Net Land, buildings, and equipment | $21,902,163 |
| Investments—publicly traded securities | $10,028,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,346,966 |
| Accounts payable and accrued expenses | $2,130,848 |
| Grants payable | $0 |
| Deferred revenue | $12,372,912 |
| Tax-exempt bond liabilities | $1,515,818 |
| Escrow or custodial account liability | $0 |
| 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 | $366,142 |
| Total liabilities | $16,385,720 |
| Net assets without donor restrictions | $14,575,562 |
| Net assets with donor restrictions | $5,385,684 |
| 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 | $36,346,966 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Meth-Wick Community has recieved totaling $28,779.
| Awarding Organization | Amount |
|---|---|
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: GENERAL SUPPORT, ANNUAL DESIGNATED DISTRIBUTION | $26,429 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $2,350 |
Endowment Analysis
| Beg. Balance | $8,533,717 |
| Earnings | $443,443 |
| Admin Expense | $79,163 |
| Net Contributions | $199,045 |
| Other Expense | $196,256 |
| Ending Balance | $8,900,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Windsor Park Manor Carol Stream, IL | $83,906,843 | $31,750,649 |