Valley Senior Living Foundation
- Assets
- $3.4m
- Revenue
- $511.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 45-0392710
Organization Overview
Valley Senior Living Foundation is located in Grand Forks, ND. The organization was established in 1987. 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. Valley Senior Living Foundation 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, Valley Senior Living Foundation generated $511.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $464.4k during the year ending 06/2022. While expenses have increased by 10.7% 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
THE PURPOSE OF VALLEY SENIOR LIVING FOUNDATION IS TO SEEK AND ACCEPT PHILANTHROPIC GIFTS TO PERPETUATE AN ENDOWMENT FUND AND TO SUPPORT SERVICES THAT ENHANCE THE CARE OF THE RESIDENTS OF VALLEY SENIOR LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE IDENTIFIED A NEED FOR SPIRITUAL CARE WHEN OUR FACILITIES OPEN OVER 90 YEARS AGO. WE BELIEVE SPIRITUAL CARE IS IMPORTANT IN THE LIVES OF OUR RESIDENTS. THESE FUNDS WERE USED TO HELP CONTINUE THE CHAPLAINCY PROGRAM FOR ALL RESIDENTS, FAMILIES AND STAFF. VALLEY SENIOR LIVING EMPLOYEES TWO FULL-TIME CHAPLAINS AND ALSO HAS TWO FLEX CHAPLAINS.
WE IDENTIFIED A NEED TO ENHANCE THE OUTDOOR LIVING SPACE AT TUFTE MANOR. PROCEEDS FOR THE 2021 VALLEY SENIOR LIVING GOLF CLASSIC BENEFITED THE TUFTE MANOR OUTDOOR PROJECT AS WELL AS USE OF OTHER FUNDS. THE TUFTE MANOR OUTDOOR PROJECT FUNDS WERE USED FOR REPLACING THE FACILITIES CENTER COURT PATIOS, LANDSCAPING THE PATIOS AND FRONT OF THE BUILDING, CREATING A SOUTHWEST PRIVACY AREA AND PURCHASING FURNITURE.
WE DETERMINED THERE WAS A NEED TO PROMOTE VALLEY SENIOR LIVING'S CULTURE WITH IT'S 800 PLUS EMPLOYEES AND PROVIDE APPRECIATION GIFTS. THESE FUNDS WERE USED TO GIVE A STAFF APPRECIATION GIFT AROUND THE HOLIDAYS. THE ORGANIZATION WAS UNABLE TO HAVE A STAFF HOLIDAY PARTY DUE TO PRECAUTIONS SURROUNDING COVID-19 PANDEMIC.
OTHER PROGRAM SERVICES INCLUDED FUNDING A NUMBER OF ITEMS AND PROGRAMS THAT ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS. RECORDS ARE MAINTAINED TO TRACK DESIGNATION OF USE BY DONOR FOR A SPECIFIC FACILITY AND/OR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shaun Havis President Valley Senior Living Foundation | OfficerTrustee | 40 | $72,544 |
Garth Rydland President/ceo Valley Senior Living | OfficerTrustee | 0 | $0 |
Lorilee Bott CFO | OfficerTrustee | 0 | $0 |
Scott Berge Treasurer | OfficerTrustee | 0 | $0 |
Bruce Vaaler Secretary | OfficerTrustee | 0 | $0 |
Karen Brekke Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,751 |
| Total Program Service Revenue | $0 |
| Investment income | $249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $297,444 |
| 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. | $100,587 |
| Compensation of current officers, directors, key employees. | $27,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $527 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,976 |
| Insurance | $0 |
| All other expenses | $1,838 |
| Total functional expenses | $464,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $0 |
| 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 | $10,255 |
| Investments—publicly traded securities | $2,889,196 |
| Investments—other securities | $0 |
| Investments—program-related | $21,112 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,358,775 |
| Accounts payable and accrued expenses | $33,156 |
| Grants payable | $0 |
| Deferred revenue | $39,324 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $72,480 |
| Net assets without donor restrictions | $1,663,286 |
| Net assets with donor restrictions | $1,623,009 |
| 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 | $3,358,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Senior Living Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Walter And Barbara E-Reishus- Pedersen Lutheran Foundation Grand Forks, ND PURPOSE: IMPROVE OUTDOOR LIVINGAREA AT TUFTE MANOR | $7,500 |
Endowment Analysis
| Beg. Balance | $3,163,291 |
| Earnings | -$429,147 |
| Admin Expense | $22,682 |
| Net Contributions | $237,043 |
| Other Expense | $59,309 |
| Ending Balance | $2,889,196 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sisters Of Mary Of The Presentation Long Term Care Fargo, ND | $74,641,519 | $63,350,384 |
Senior Care Communities Inc St Paul, MN | $79,379,682 | $62,727,719 |
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |