Souris Valley Care Center Inc
- Assets
- $2.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 88
- Location
- Velva, ND
- Founding
- 06/1980
- Data as of
- 12/2022
- EIN
- 45-0343518
Organization Overview
Souris Valley Care Center Inc is located in Velva, ND. The organization was established in 1980. 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 12/2022, Souris Valley Care Center Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souris Valley Care Center 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 12/2022, Souris Valley Care Center Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 5.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
50 BED SKILLED NURSING CARE FACILITY AND 16 UNIT ASSISTED LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG-TERM CARE AND ASSISTED LIVING FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Vedaa Director | Trustee | 0.5 | $0 |
Mary Liz Davis Secretary | OfficerTrustee | 0.5 | $0 |
Larry Lee President | OfficerTrustee | 0.5 | $0 |
Tracy Kruger Director | Trustee | 0.5 | $0 |
David Kramer Director | Trustee | 0.5 | $0 |
Bonnie Thom Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,863 |
| Total Program Service Revenue | $5,393,294 |
| Investment income | $1,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $85,123 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,662,361 |
| 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 | $2,325,145 |
| Pension plan accruals and contributions | $30,357 |
| Other employee benefits | $332,675 |
| Payroll taxes | $171,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,728,177 |
| Advertising and promotion | $4,196 |
| Office expenses | $14,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $200,801 |
| Travel | $65,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,880 |
| Insurance | $54,719 |
| All other expenses | $8,696 |
| Total functional expenses | $5,779,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,643 |
| Savings and temporary cash investments | $486,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $437,036 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,010 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,395,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449,289 |
| Accounts payable and accrued expenses | $344,320 |
| Grants payable | $0 |
| Deferred revenue | $14,227 |
| 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 | $38,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,709 |
| Total liabilities | $442,371 |
| Net assets without donor restrictions | $1,885,705 |
| Net assets with donor restrictions | $121,213 |
| 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 | $2,449,289 |