Timely Mission Nursing Home
- Assets
- $1.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 55
- Location
- Buffalo Center, IA
- Founding
- 01/1964
- Data as of
- 07/2022
- EIN
- 42-0884869
Organization Overview
Timely Mission Nursing Home is located in Buffalo Center, IA. The organization was established in 1964. 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 07/2022, Timely Mission Nursing Home employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timely Mission Nursing Home 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 07/2022, Timely Mission Nursing Home generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.3m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
PROVIDE MEDICAL AND RESIDENTIAL CARE TO ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIMELY MISSION NURSING HOME, INC. CARES FOR THE MEDICAL, RESIDENTIAL, AND PERSONAL NEEDS OF ITS 52 RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Weaver Vice Preside | Officer | $0 | |
Ashley Smith Administrato | Officer | $0 | |
Becky Beenken Board | Trustee | $0 | |
Olivia Doden Board Member | Trustee | $0 | |
Denny Meinders Secretary | Trustee | $0 | |
Lorie Bierle President | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $214,805 |
| Total Program Service Revenue | $2,194,592 |
| Investment income | $3,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,414 |
| 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 | $2,417,885 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,190,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,396 |
| Payroll taxes | $90,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,687 |
| 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 | $52,280 |
| Advertising and promotion | $7,623 |
| Office expenses | $157,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,326 |
| Travel | $2,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,018 |
| Insurance | $161,227 |
| All other expenses | $615 |
| Total functional expenses | $2,295,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,500 |
| Prepaid expenses and deferred charges | $5,189 |
| Net Land, buildings, and equipment | $269,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,572,490 |
| Accounts payable and accrued expenses | $111,202 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $111,202 |
| Net assets without donor restrictions | $1,461,288 |
| 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 | $1,572,490 |
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