Valley Senior Living
- Assets
- $13.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 1,256
- Location
- Grand Forks, ND
- Founding
- 04/1998
- Data as of
- 06/2024
- EIN
- 45-0448164
Organization Overview
Valley Senior Living is located in Grand Forks, ND. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2024, Valley Senior Living employed 1,256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Senior Living 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 06/2024, Valley Senior Living generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.2m during the year ending 06/2024. While expenses have increased by 6.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT, NURSING, CHAPLAINCY AND OTHER SUPPORT SERVICES TO RELATED HEALTHCARE ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SUPPORT SERVICES INCLUDING THE FOLLOWING: ADMINISTRATION, FINANCE, IT, AND HUMAN RESOURCES. PROVIDING SERVICES TO RELATED ORGANIZATIONS, WHO COMBINED SERVE UP TO 523 RESIDENTS AND TENANTS ON A DAILY BASIS AND EMPLOYS OVER 800 EMPLOYEES.
SKILLED NURSING FACILITY SUPPORT SERVICES INCLUDING NURSING-ADMISSIONS, AND MEDICAL RECORDS FOR UP TO 334 SKILLED RESIDENTS A DAY.
TRANSPORTATION SERVICES ARE PROVIDED TO VALLEY HOMES AND SERVICES AND 4000 VALLEY SQUARE INC RESIDENTS FOR MEDICAL APPOINTMENTS, ACTIVITY OUTING AND OTHER TRANSPORTATION NEEDS ON REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Rydland President/ceo | OfficerTrustee | 40 | $284,405 |
Gina Roller Valley Senior Living On 42nd Administrator | Officer | 0 | $0 |
Lorilee Bott CFO | Officer | 40 | $177,302 |
Adam Edwards Chief Human Resource Office | Officer | 40 | $164,735 |
Jessica Baumgarten Director Of Nursing Valley Senior Living On Columbia | Officer | 0 | $0 |
Leeann Novak Lpn Float | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altru Health Systems Contracted Therapies Services For Valley Homes And Services And 4000 Valley Square Inc | 6/29/24 | $1,045,552 |
Industrial Contract Services General Contractor - Construction | 6/29/24 | $608,649 |
C&r Cleaners And Laundry Laundry Purchased Services | 6/29/24 | $358,637 |
Networking Specialists It Managed Services | 6/29/24 | $411,816 |
Century Electric Electrical Contractor | 6/29/24 | $246,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,180 |
| Total Program Service Revenue | $4,100,677 |
| Investment income | $0 |
| 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 | $4,153,857 |
| 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. | $626,442 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,791,911 |
| Pension plan accruals and contributions | $140,060 |
| Other employee benefits | $371,403 |
| Payroll taxes | $173,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,310 |
| Fees for services: Accounting | $38,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,740 |
| Advertising and promotion | $73,613 |
| Office expenses | $99,318 |
| Information technology | $89,021 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,681 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,069 |
| Insurance | $54,264 |
| All other expenses | $25,527 |
| Total functional expenses | $4,153,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,233 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $135,993 |
| Net Land, buildings, and equipment | $202,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,380,096 |
| Total assets | $13,841,138 |
| Accounts payable and accrued expenses | $984,014 |
| 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 | $0 |
| Other liabilities | $12,839,694 |
| Total liabilities | $13,823,708 |
| Net assets without donor restrictions | $17,430 |
| 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 | $13,841,138 |
Grants Awarded
Over the last fiscal year, Valley Senior Living has awarded $5,629,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY HOMES AND SERVICESDBA VALLEY SENIOR LIVING ON COLUMBIA AND TUFTE MANOR PURPOSE: To cover salary expenses during covered period on SBA PPP Forgiveness Application | $3,349,722 |
4000 VALLEY SQUARE INC PURPOSE: To cover salary expenses during covered period on SBA PPP Forgiveness Application. | $2,280,180 |