Jenkins Living Center Inc
- Assets
- $12.7m
- Revenue
- $10.2m
- Investments
- $1.6m
- Employees
- 265
- Location
- Watertown, SD
- Founding
- 03/1965
- Data as of
- 03/2023
- EIN
- 46-0242831
Organization Overview
Jenkins Living Center Inc is located in Watertown, SD. The organization was established in 1965. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2023, Jenkins Living Center Inc employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jenkins Living 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 03/2023, Jenkins Living Center Inc generated $10.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $11.5m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SENIOR HOUSING, HEALTHCARE, AND REHABILITATION SERVICES TO PEOPLE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JENKINS LIVING CENTER (NURSING HOME OPERATION) - WHEN THE FISCAL YEAR BEGAN ON APRIL 1, 2022, THE FACILITY WAS STILL DEALING WITH THE COVID-19 PANDEMIC. THIS CREATED A LOW RESIDENT CENSUS AS THE AVERAGE OF 89.9. ALONG WITH THE LOW CENSUS, A SHORTAGE OF NURSING STAFF CAUSED THE FACILITY TO RELY ON AGENCY STAFFING. THE COMBINATION OF THE TWO ISSUES IS THE LARGEST FINANCIAL DIFFICULTY AND COSTS THE FACILITY DRASTICALLY. WITH NO FURTHER RELIEF FUNDS DISTRIBUTED IN THE LAST FISCAL YEAR, THE FACILITY HAS SUFFERED A MAJOR LOSS. THE NURSING HOME OPERATION EXPERIENCED A LOSS OF $1,533,368. THE YEAR-TO-DATE PAYER MIX INCLUDED 55% MEDICAID, 37% PRIVATE PAY, AND 8% MEDICARE.
JENKINS TOWN VIEW APARTMENTS - THIS HUD-SUBSIDIZED 60-UNIT APARTMENT BUILDING DID NOT SEE THE DECLINE IN OCCUPANCY THAT WAS EXPERIENCED BY THE NURSING HOME AND CONGREGATE LIVING BUILDINGS, THEREFORE REVENUES STAYED STEADY. THE TOWN VIEW APARTMENTS HAVE BEEN AT FULL CAPACITY FOR MOST OF THE TIME AND HAD STEADY PROFITS THROUGHOUT THE YEAR. THE NET PROFIT FOR THE FISCAL YEAR WAS $232,458.
200 MAPLE PLACE - THE OCCUPANCY AT THIS 36-APARTMENT CONGREGATE LIVING BUILDING WAS IMPACTED BY COVID-19 BUT STARTED TO SEE A TURNAROUND IN THE ASPECT OF OCCUPANCY. A PROJECT STARTED THIS YEAR TO RENOVATE EACH APARTMENT THROUGHOUT THE BUILDING. THIS CAN ONLY HAPPEN WHEN A PREVIOUS RESIDENT MOVES OUT. THE RENOVATION IS STARTED AND DEPENDENT ON AVAILABLE MAINTENANCE STAFF TO DETERMINE WHEN THE APARTMENTS CAN BE COMPLETED. SOME APARTMENTS HAD A KITCHEN LAYOUT THAT WAS NOT CONDUCIVE TO MOBILITY, ESPECIALLY WITH A WALKER. THIS HAD A LARGER FINANCIAL BURDEN WITH MAJOR RENOVATIONS HAPPENING. THIS LED TO LESS OCCUPANCY DURING RENOVATIONS AND THE COST OF RENOVATIONS. 200 MAPLE PLACE EXPERIENCED A LOSS OF $18,087.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Kluck Chairperson | OfficerTrustee | 0.5 | $0 |
Janice Sharp Vice-Chairperson | OfficerTrustee | 0.5 | $0 |
Peggy Salchert Secretary | OfficerTrustee | 0.5 | $0 |
Dick Jurgens Treasurer | OfficerTrustee | 0.5 | $0 |
Dan Raderschadt Director | Trustee | 0.5 | $0 |
Dean Johnson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,912 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,326 |
| Total Program Service Revenue | $9,914,477 |
| Investment income | $22,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $233,111 |
| Net Gain/Loss on Asset Sales | $1,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,246,324 |
| 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. | $184,049 |
| Compensation of current officers, directors, key employees. | $184,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,629,844 |
| Pension plan accruals and contributions | $60,585 |
| Other employee benefits | $778,036 |
| Payroll taxes | $500,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,114 |
| Fees for services: Accounting | $64,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $427,658 |
| Advertising and promotion | $54,931 |
| Office expenses | $457,638 |
| Information technology | $8,211 |
| Royalties | $0 |
| Occupancy | $355,735 |
| Travel | $19,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,431 |
| Interest | $9,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $671,320 |
| Insurance | $134,675 |
| All other expenses | $119,870 |
| Total functional expenses | $11,530,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,830,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,832 |
| Inventories for sale or use | $88,806 |
| Prepaid expenses and deferred charges | $155,734 |
| Net Land, buildings, and equipment | $5,743,801 |
| Investments—publicly traded securities | $2,507,240 |
| Investments—other securities | $1,616,779 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $204,974 |
| Total assets | $12,703,121 |
| Accounts payable and accrued expenses | $756,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,237 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $801,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,586,643 |
| Net assets without donor restrictions | $9,499,699 |
| Net assets with donor restrictions | $1,616,779 |
| 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 | $12,703,121 |