Parkside Home
- Assets
- $2.5m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Lisbon, ND
- Founding
- 11/1961
- Data as of
- 06/2022
- EIN
- 45-0231494
Organization Overview
Parkside Home is located in Lisbon, ND. The organization was established in 1961. 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, Parkside Home employed 77 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Parkside 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 06/2022, Parkside Home generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY, HOLISTIC, AND LOVING CARE THAT ENHANCES THE LIVES OF OUR RESIDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKSIDE LUTHERAN HOME, A 40-BED SKILLED NURSING FACILITY, IS DEDICATED TO CARING FOR THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF OUR RESIDENTS. TO CARE FOR THE PHYSICAL NEEDS WE HAVE A STAFF OF RNS, LPNS, AND CERTIFIED NURSING ASSISTANTS AVAILABLE 24 HOURS PER DAY. EACH ROOM IS EQUIPPED WITH AN EMERGENCY CALL SYSTEM SO HELP IS NEVER FAR AWAY. IN NOVEMBER OF 2009, CONSTRUCTION WAS COMPLETED ON THE TWO NEW UNITS FOR PRIVATE ROOMS AND 10-BED BASIC CARE UNITS, AND THESE UNITS WERE OCCUPIED. EACH RESIDENT HAS AN INDIVIDUAL CARE PLAN DEVELOPED AT THE TIME OF ADMISSION. THIS PLAN IS RESIDENT SPECIFIC INCLUDING ALL NURSING CARES, DIETARY NEEDS/WANTS, AS WELL AS SOCIAL SERVICE NEEDS AND ACTIVITIES. OUR ACTIVITIES INCLUDE BINGO, BAKING, AND CRAFTS SUCH AS PAINTING AND BEAD WORK.WE STRIVE TO PROVIDE CARE THAT ENABLES EACH RESIDENT TO ACHIEVE HIS OR HER HIGHEST LEVEL OF PHYSICAL AND MENTAL FUNCTIONING. WITH THIS IN MIND WE ARE ABLE TO CARRY OUT PARKSIDE'S MISSION WHICH IS: "PROVIDE QUALITY, HOLISTIC, AND LOVING CARE IN A HOME THAT ENHANCES THE LIVES OF OUR RESIDENTS AND FAMILIES THAT WE SERVE."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Kennedy Administrator | Officer | 40 | $118,503 |
Kathy Schultz Business Manager | Officer | 40 | $103,606 |
Dan Olson President | OfficerTrustee | 0.2 | $0 |
Cindy Stetson Vice President | OfficerTrustee | 0.2 | $0 |
Pastor Norm Anderson Secretary | OfficerTrustee | 0.2 | $0 |
Nick Storhaug Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $661,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,928 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,176 |
| Total Program Service Revenue | $4,404,785 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,324 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,094,656 |
| 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. | $248,204 |
| Compensation of current officers, directors, key employees. | $248,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,874,870 |
| Pension plan accruals and contributions | $16,856 |
| Other employee benefits | $269,208 |
| Payroll taxes | $154,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,023,863 |
| Advertising and promotion | $7,146 |
| Office expenses | $82,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,933 |
| Travel | $6,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,644 |
| Interest | $52,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,075 |
| Insurance | $59,268 |
| All other expenses | $0 |
| Total functional expenses | $4,384,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $502,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $283,619 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,548,168 |
| Investments—publicly traded securities | $149,287 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,000 |
| Other assets | $0 |
| Total assets | $2,503,513 |
| Accounts payable and accrued expenses | $290,639 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,835,203 |
| Escrow or custodial account liability | $1,670 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $55,047 |
| Other liabilities | $0 |
| Total liabilities | $2,182,559 |
| Net assets without donor restrictions | $270,954 |
| Net assets with donor restrictions | $50,000 |
| 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 | $2,503,513 |
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| 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 |
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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 |