Meth-Wick Community
- Assets
- $36.3m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 232
- 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 03/2023, Meth-Wick Community employed 232 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME- OPERATED A 69 LICENSED BED NURSING HOME FACILITY WHICH PROVIDED 22,435 RESIDENT DAYS OF CARE FOR RESIDENTS TRANSFERRING FROM OTHER SERVICE LEVELS WITHIN THE METH-WICK COMMUNITY AND FROM THE SURROUNDING AREA. FREE AND DISCOUNTED CARE IS PROVIDED TO ANY RESIDENT WHO IS UNABLE TO PAY FOR THE SERVICES THEY NEED. 15 RESIDENTS RECEIVED SUCH ASSISTANCE IN THE 2022-23 FISCAL YEAR.
INDEPENDENT LIVING - PROVIDED 175 INDEPENDENT LIVING UNITS WHICH ALLOW THE RESIDENTS THE OPPORTUNITY TO LIVE INDEPENDENTLY WHILE HAVING ACCESS TO ALL HEALTH, WELLNESS AND RECREATIONAL SERVICES AVAILABLE ON OUR CAMPUS. ADDITIONALLY, INDEPENDENT LIVING RESIDENTS MAY ADD SERVICES OR TRANSITION TO ANY OTHER LEVEL OF LIVING/CARE PROVIDED ON OUR CAMPUS WHEN NECESSARY TO MEET THEIR NEEDS.
ASSISTED LIVING - OPERATED TWO ASSISTED LIVING FACILITIES WITH 57 TOTAL LICENSED UNITS. PROVIDED 14,274 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. 3 RESIDENTS RECEIVED SUCH ASSISTANCE IN THE 2022-23 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Scott Chair | OfficerTrustee | 1 | $0 |
Dr John Herring Vice Chair | OfficerTrustee | 1 | $0 |
Deborah Gertsen Treasurer (until 7/22) / Board Member | OfficerTrustee | 1 | $0 |
Jim Koch Treasurer | OfficerTrustee | 1 | $0 |
Mike Dulaney Secretary (until 7/22) / Board Member | OfficerTrustee | 1 | $0 |
Paul Sale Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Food Service Provider | 3/30/23 | $2,179,923 |
Appleby And Horn Tile Co Flooring Vendor | 3/30/23 | $606,620 |
Grapetree Medical Staffing Llc Contract Staffing | 3/30/23 | $455,569 |
Millennium Rehab & Consulting Inc Therapy Provider | 3/30/23 | $286,494 |
Prn Healthcare Contract Staffing | 3/30/23 | $331,305 |
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 |