Evans Memorial Home For The Aged Inc is located in Cresco, IA. The organization was established in 1965. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Evans Memorial Home For The Aged Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evans Memorial Home For The Aged 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 12/2021, Evans Memorial Home For The Aged Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 3.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING AND SKILLED AND LONG-TERM NURSING CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVANS MEMORIAL HOME FOR THE AGED, INC. (THE HOME) IS A NONPROFIT ENTITY ORGANIZED TO PROVIDE HOUSING AND NECESSARY MEDICAL CARE FOR INDIVIDUALS REQUIRING LONG-TERM CARE. THE HOME OPERATES A 46-BED NURSING FACILITY, A 27-UNIT ASSISTED LIVING FACILITY, AND MANAGES AN APARTMENT COMPLEX AND EIGHT CONDOMINIUMS IN CRESCO, IOWA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amy Murphy Administrator | Officer | 40 | $96,706 |
Breanna Sovereign President Until April | OfficerTrustee | 1 | $0 |
Brian Midhtus-Dir Until April Vice President As Of May | OfficerTrustee | 1 | $0 |
Gary Kelm Vice President Until April | OfficerTrustee | 1 | $0 |
Jarold Hughes-Vp Until April President As Of May | OfficerTrustee | 1 | $0 |
Diane Trende-Dir Until April Secretary As Of May | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Healthcare Of Iowa Inc Consulting | 12/30/21 | $210,613 |
Millenium Rehab And Consulting Therapy | 12/30/21 | $150,644 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $850,114 |
All other contributions, gifts, grants, and similar amounts not included above | $948 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $851,062 |
Total Program Service Revenue | $4,114,285 |
Investment income | $8,656 |
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 | $4,974,003 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,675 |
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. | $105,433 |
Compensation of current officers, directors, key employees. | $105,433 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,715,522 |
Pension plan accruals and contributions | $14,038 |
Other employee benefits | $140,101 |
Payroll taxes | $141,683 |
Fees for services: Management | $0 |
Fees for services: Legal | $909 |
Fees for services: Accounting | $58,118 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $649,749 |
Advertising and promotion | $33,619 |
Office expenses | $159,908 |
Information technology | $41,903 |
Royalties | $0 |
Occupancy | $170,020 |
Travel | $9,681 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,706 |
Interest | $3,250 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $284,698 |
Insurance | $49,693 |
All other expenses | $9,170 |
Total functional expenses | $4,020,509 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $850 |
Savings and temporary cash investments | $4,029,436 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $231,373 |
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 | $40,068 |
Net Land, buildings, and equipment | $2,768,401 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $288,098 |
Total assets | $7,358,226 |
Accounts payable and accrued expenses | $409,023 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $88,905 |
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 | $22,787 |
Total liabilities | $520,715 |
Net assets without donor restrictions | $6,837,511 |
Net assets with donor restrictions | $0 |
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 | $7,358,226 |
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