Gackle Future Development Co
- Assets
- $713.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Gackle, ND
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 45-0022696
Organization Overview
Gackle Future Development Co is located in Gackle, ND. The organization was established in 2018. 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 06/2022, Gackle Future Development Co employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gackle Future Development Co 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 06/2022, Gackle Future Development Co generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 5 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
COMMUNITY HEALTHCARE, IMPROVEMENT AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BASIC CARE SERVICES TO THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Anderson Director | Trustee | 1 | $28,131 |
Dennis Mayer Treasurer | Officer | 1 | $0 |
Michael Zenker President | Officer | 1 | $0 |
Sheila Metz Secretary | Officer | 1 | $0 |
JD Dahl Vice President | Officer | 1 | $0 |
Greg Elis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,917 |
| 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 | $52,917 |
| Total Program Service Revenue | $1,302,586 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$615 |
| Net Income from Fundraising Events | $266 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,355,154 |
| 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 | $757,031 |
| Pension plan accruals and contributions | $12,227 |
| Other employee benefits | $109,892 |
| Payroll taxes | $59,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,237 |
| Advertising and promotion | $970 |
| Office expenses | $10,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,721 |
| Travel | $1,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,280 |
| Interest | $100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,883 |
| Insurance | $28,642 |
| All other expenses | $30,297 |
| Total functional expenses | $1,245,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,995 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $330,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $713,922 |
| Accounts payable and accrued expenses | $48,973 |
| 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 | $48,973 |
| Net assets without donor restrictions | $664,949 |
| 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 | $713,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gackle Future Development Co has recieved totaling $11,623.
| Awarding Organization | Amount |
|---|---|
Knights Of Columbus Council 1883 Jamestown, ND PURPOSE: SUPPORT FOR MISSION | $11,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |
Lake Region Lutheran Home Incorporated Moorhead, MN | $11,403,098 | $16,257,793 |
Hendricks Community Hospital Assn & Retirement Home Hendricks, MN | $23,986,558 | $15,908,910 |
Guardian Angels Health Services Inc Elk River, MN | $14,211,394 | $16,994,748 |