Maddock Memorial Home
- Assets
- $782.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Maddock, ND
- Founding
- 12/1959
- Data as of
- 12/2023
- EIN
- 45-0283385
Organization Overview
Maddock Memorial Home is located in Maddock, ND. The organization was established in 1959. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Maddock Memorial 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 12/2023, Maddock Memorial Home generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL HOSPITAL ASSOCIATION IS A 21-BED BASIC CARE HOME FOR THE ELDERLY WHO ARE UNABLE TO CARE FOR THEMSELVES AND WHO NEED MINIMAL ASSISTANCE FROM STAFF TO MEET THEIR NEEDS. BASIC CARE IS A SOCIAL MODEL OF CARE. HOWEVER, MEDICAL NEEDS ARE MET BY HAVING TRAINED, CERTIFIED MEDICATION ASSISTANTS DISTRIBUTE MEDICATIONS TO RESIDENTS. AN RN ALSO ASSESSES RESIDENTS UPON ADMISSION, QUARTERLY, AND AS NEEDED, TO PROVIDE QUALITY CARE. DIETARY, SOCIAL AND ACTIVITY NEEDS ARE ALSO ASSESSED UPON ADMISSION, QUARTERLY, AND AS NEEDED IF THERE IS A CHANGE IN A RESIDENT. RESIDENTS MUST BE ABLE TO AMBULATE AND/OR TRANSFER THEMSELVES TO SAFETY IN CASE OF A FIRE TO BE ABLE TO LIVE AT THE MEMORIAL HOME. MEMORIAL HOSPITAL ASSOCIATION HAS 4 SENIOR HOUSING APARTMENTS ATTACHED TO THE 21 BED BASIC CARE FACILITY, WITH SERVICES AVAILABLE THROUGH THE BASIC CARE FACILITY STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mya Ertelt Administrator | 40 | $75,000 | |
Ruth Lindgren President | 1 | $0 | |
Bonnie Benson Secretary/treasurer | 1 | $0 | |
Curt Kenner Director | 1 | $0 | |
Rod Maddock Director | 1 | $0 | |
Kris Kallenbach Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,281 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,614 |
| Net Rental Income | $6,091 |
| Net Gain on Sale of Assets | -$48 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,026,512 |
| Total Revenue | $1,062,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $547,642 |
| Pension plans, employee benefits | $12,076 |
| Interest | $0 |
| Taxes | $155,057 |
| Depreciation | $54,593 |
| Occupancy | $90,652 |
| Travel, conferences, and meetings | $1,443 |
| Printing and publications | $0 |
| Other expenses | $234,110 |
| Total operating and administrative expenses | $1,197,306 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,197,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $461,551 |
| Net Accounts receivable | $63,148 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $11,155 |
| Prepaid expenses and deferred charges | $9,558 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $237,046 |
| Other assets | $0 |
| Total assets | $782,458 |
| Accounts payable and accrued expenses | $114,639 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $191,600 |
| Other liabilities | $0 |
| Total liabilities | $306,239 |