Golden Valley Manor Inc
- Assets
- $490.8k
- Revenue
- $558.0k
- Investments
- $0.0
- Employees
- 20
- Location
- Beach, ND
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 45-0283294
Organization Overview
Golden Valley Manor Inc is located in Beach, ND. The organization was established in 1986. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Golden Valley Manor Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Valley Manor 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 06/2022, Golden Valley Manor Inc generated $558.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $560.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) 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 HOUSING, MEALS AND ASSISTED LIVING SERVICES FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE OPERATIONS OF THE FACILITY TO PROVIDE HOUSING, FOOD AND ASSISTED LIVING SERVICES FOR THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Raisler President | OfficerTrustee | 7 | $0 |
Duane Maus Director | OfficerTrustee | 3 | $0 |
Meilon Hildebrant Director | Trustee | 3 | $0 |
Bonnie Underwood Director | Trustee | 3 | $0 |
Barb Maus Director | Trustee | 3 | $0 |
Milo Thompson Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $71,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,086 |
| Total Program Service Revenue | $429,581 |
| Investment income | $113 |
| 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 | $558,034 |
| 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. | $70,168 |
| Compensation of current officers, directors, key employees. | $70,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,975 |
| Payroll taxes | $25,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,463 |
| Office expenses | $14,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,913 |
| Travel | $1,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,132 |
| Insurance | $18,813 |
| All other expenses | $0 |
| Total functional expenses | $560,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,712 |
| Savings and temporary cash investments | $3,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,591 |
| Prepaid expenses and deferred charges | $2,243 |
| Net Land, buildings, and equipment | $403,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $45,807 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $490,804 |
| Accounts payable and accrued expenses | $21,941 |
| 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 | $189,785 |
| Other liabilities | $9,750 |
| Total liabilities | $221,476 |
| Net assets without donor restrictions | $269,328 |
| 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 | $490,804 |
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