Evangelical Retirement Homes Inc

Organization Overview

Evangelical Retirement Homes Inc, operating under the name Valley View Village, is located in Edina, MN. The organization was established in 1963. 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 12/2021, Valley View Village employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley View Village 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 12/2021, Valley View Village generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 6.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HEALTH CARE, HOUSING, AND COMMUNITY SERVICES FOR THE ELDERLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EVANGELICAL RETIREMENT HOMES, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING NURSING HOME CARE FOR THE ELDERLY. THE NURSING HOME HAS 79 BEDS AND IS LOCATED IN DES MOINES, IOWA. DURING 2021 TOTAL RESIDENT DAYS WERE 24,985 (86.4% OCCUPANCY). UTILIZATION BY PAYOR SOURCE WAS AS FOLLOWS: 43.4% MEDICAID, 6.5% MEDICARE, 47.0% PRIVATE PAY AND 3.1% HMO.


EVANGELICAL RETIREMENT HOMES, INC. OPERATES TWO TYPES OF INDEPENDENT LIVING FACILITIES FOR THE ELDERLY. THE MANOR APARTMENTS IS A DETACHED INDEPENDENT LIVING BUILDING WITH 30 UNITS. OCCUPANCY DURING 2021 WAS 92.0%. THERE ARE ALSO 55 COTTAGES FOR INDEPENDENT LIVING RESIDENTS. OCCUPANCY FOR THE COTTAGES DURING 2021 WAS 82.9%.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cassia Services
Management Services
$386,234
Grape Tree Medical Staffing Llc
Nursing Pool Services
$296,446
Pro Rehab
Therapy Services
$508,913
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$502,660
Government grants $1,136,572
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$1,639,232
Total Program Service Revenue$8,507,588
Investment income $167
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 $10,166,714

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Evangelical Retirement Homes Inc has recieved totaling $255,000.

Awarding OrganizationAmount
Elim Homes Inc

Edina, MN

PURPOSE: Transfer to affiliate.

$255,000
View Grant Recipient Profile

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