Western Home Services Inc
- Assets
- $24.8m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 226
- Location
- Cedar Falls, IA
- Founding
- 03/1978
- Data as of
- 12/2020
- EIN
- 42-1094104
Organization Overview
Western Home Services Inc is located in Cedar Falls, IA. The organization was established in 1978. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Western Home Services Inc employed 226 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Western Home Services 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 12/2020, Western Home Services Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $11.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MADRID HOME COMMUNITIES STRIVE TO FOLLOW CHRIST'S EXAMPLE OF HUMBLE SERVICE BY OFFERING EACH OLDER ADULT SERVED THE CHOICES AND COMPASSIONATE SUPPORT THEY NEED IN SURROUNDINGS THAT FEEL LIKE HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADRID HOME FOR THE AGING PROVIDES LONG-TERM CARE SERVICES TO APPROXIMATELY 300 PERSONS ANNUALLY IN VARIOUS LEVELS OF CARE INCLUDING 88 LICENSED NURSING HOME BEDS, 61 INDEPENDENT LIVING APARTMENTS AND 85 ASSISTED LIVING UNITS. APPROXIMATELY 250 FULL AND PART-TIME EMPLOYEES ARE EMPLOYED ANNUALLY TO PROVIDE THESE SERVICES THROUGHOUT THE YEAR. WE CONTINUE TO EMBRACE OUR COMMITMENT OF CHARITY BY PROVIDING ASSISTANCE TO INDIVIDUALS IN OUR ASSISTED LIVING PROGRAM WHO DO NOT HAVE THE RESOURCES TO PAY FOR THE SERVICES PROVIDED. THIS IS DONE THROUGH OUR ACTS FUND, THROUGH WHICH WE SERVED 9 PERSONS DURING THE YEAR. WE CONTINUE TO LOOK FOR WAYS TO IMPROVE OUR DELIVERY OF SERVICES TO EMPHASIZE THE RESIDENT CENTERED CARE THAT FOCUSES ON RESIDENT PREFERENCES JUST AS THEY WOULD EXPECT IN THEIR OWN HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Hansen Chair | OfficerTrustee | 1 | $0 |
Catherine Meier Treasurer | OfficerTrustee | 1 | $0 |
Matt Garcia Cbo (thru 10/2020) | OfficerTrustee | 1 | $0 |
Pat O'leary Cso (beg 11/2020) | Officer | 1 | $0 |
Matt Hau Executive Director | 40 | $108,785 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Western Home Services Inc Consulting/managment Services | 12/30/20 | $704,168 |
Blue Stone Therapy Solutions Therapy Solutions | 12/30/20 | $331,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $666,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $856,561 |
| Total Program Service Revenue | $11,544,076 |
| Investment income | $57,898 |
| 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 | $12,458,535 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $51,023 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,459 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,818,381 |
| Pension plan accruals and contributions | $81,037 |
| Other employee benefits | $577,784 |
| Payroll taxes | $355,805 |
| Fees for services: Management | $704,169 |
| Fees for services: Legal | $0 |
| 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 | $858,447 |
| Advertising and promotion | $75,230 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $814,227 |
| Travel | $29,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $453,711 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,121,450 |
| Insurance | $169,838 |
| All other expenses | $0 |
| Total functional expenses | $11,192,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,397,421 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,858 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,374 |
| Prepaid expenses and deferred charges | $78,825 |
| Net Land, buildings, and equipment | $17,954,137 |
| Investments—publicly traded securities | $1,463,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,125,000 |
| Other assets | $2,126,436 |
| Total assets | $24,780,099 |
| Accounts payable and accrued expenses | $1,096,769 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,289,793 |
| Escrow or custodial account liability | $14,288 |
| 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 | $636,391 |
| Total liabilities | $11,037,241 |
| Net assets without donor restrictions | $13,093,149 |
| Net assets with donor restrictions | $649,709 |
| 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 | $24,780,099 |