Valley Homes And Services
- Assets
- $32.5m
- Revenue
- $36.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/1947
- Data as of
- 06/2024
- EIN
- 45-0229071
Organization Overview
Valley Homes And Services, operating under the name DBA Valley Senior Living on Columbia DBA Tufte Manor, is located in Grand Forks, ND. The organization was established in 1947. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DBA Valley Senior Living on Columbia DBA Tufte Manor 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 06/2024, DBA Valley Senior Living on Columbia DBA Tufte Manor generated $36.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $34.1m during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES A 196 BED SKILLED NURSING FACILITY OPERATES A 70 BED BASIC CARE FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF VALLEY SENIOR LIVING ON COLUMBIA A 196 BED SKILLED NURSING FACILITY. FYE 6/30/2024 VALLEY ELDERCARE CENTER SERVED ON THE AVERAGE 187 RESIDENTS PER DAY WITH AN ANNUAL AVERAGE OCCUPANCY OF 95%. VALLEY SENIOR LIVING ON COLUMBIA SERVES THE MEDICAID, MEDICARE AND PRIVATELY PAYING POPULATIONS.
OPERATION OF TUFTE MANOR A 70 BED BASIC CARE. FYE 6/30/2023 TUFTE MANOR ON THE AVERAGE SERVED 65 BASIC CARE RESIDENTS, WITH AN ANNUAL AVERAGE OCCUPANCY OF 93%. TUFTE MANOR SERVES BOTH PRIVATELY PAYING RESIDENTS AND THOSE WHO QUALIFY FOR THE BASIC CARE ASSISTANCE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Rydland President/ceo | OfficerTrustee | 0 | $0 |
Gina Roller Administrator 4000 Valley Square | Officer | 0 | $0 |
Lorilee A Bott CFO | Officer | 0 | $0 |
Adam Edwards Chief Human Resource Officer | Officer | 0 | $0 |
Jessica Baumgarten Director Of Nursing Valley Senior Living On Columbia | Officer | 40 | $152,389 |
Sarah Sharpe Rn Care Coordinator | 40 | $144,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $112,750 |
| Government grants | $688,751 |
| 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 | $801,501 |
| Total Program Service Revenue | $34,835,011 |
| Investment income | $408,087 |
| 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 | $36,060,212 |
| 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 | $18,663,417 |
| Pension plan accruals and contributions | $885,961 |
| Other employee benefits | $2,495,852 |
| Payroll taxes | $1,383,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,724 |
| Fees for services: Accounting | $274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,308 |
| Advertising and promotion | $3,720 |
| Office expenses | $145,077 |
| Information technology | $318,082 |
| Royalties | $0 |
| Occupancy | $657,352 |
| Travel | $25,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,887 |
| Interest | $646,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,440,141 |
| Insurance | $256,616 |
| All other expenses | $384,171 |
| Total functional expenses | $34,053,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,348,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,291,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,468 |
| Inventories for sale or use | $204,470 |
| Prepaid expenses and deferred charges | $190,652 |
| Net Land, buildings, and equipment | $10,422,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,048,814 |
| Total assets | $32,537,244 |
| Accounts payable and accrued expenses | $1,610,892 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,400,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $101,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$118,161 |
| Total liabilities | $13,994,575 |
| Net assets without donor restrictions | $18,329,055 |
| Net assets with donor restrictions | $213,614 |
| 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 | $32,537,244 |