Strand-Kjorsvig Community Rest Home
- Assets
- $1.5m
- Revenue
- $2.3m
- Investments
- $153.3k
- Employees
- 65
- Location
- Roslyn, SD
- Founding
- 05/1959
- Data as of
- 08/2023
- EIN
- 46-0252817
Organization Overview
Strand-Kjorsvig Community Rest Home, operating under the name Strand-Kjorsvig Living Center, is located in Roslyn, SD. The organization was established in 1959. 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 08/2023, Strand-Kjorsvig Living Center employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strand-Kjorsvig Living Center 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 08/2023, Strand-Kjorsvig Living Center generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. While expenses have increased by 3.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO MAKE AVAILABLE THE NECESSARY CARE, SERVICES AND FACILITIES TO OLDER ADULTS SO THEY MAY ACHIEVE AND MAINTAIN THEIR POTENTIAL OF WHOLENESS AS A PERSON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRAND-KJORSVIG COMMUNITY REST HOME PROVIDED NURSING HOME SERVICES FOR ROUGHLY 11,000 RESIDENT DAYS DURING THE FISCAL YEAR ENDED AUGUST 31, 2023. THE REST HOME OFFERS THE FOLLOWING SERVICES: SKILLED NURSING CARE, ASSISTED LIVING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY AND RESTORATIVE THERAPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Wagner Director | Trustee | 0.25 | $0 |
Lonnie Aadland Director | Trustee | 0.25 | $0 |
Jennifer Keintz President | Officer | 0.25 | $0 |
Doug Eidahl Vice President | Officer | 0.25 | $0 |
Jessica Simonson Secretarytreasurer | Officer | 0.25 | $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 | $17,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,087 |
| Total Program Service Revenue | $2,260,328 |
| Investment income | $25,459 |
| 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 | $2,302,874 |
| 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. | $6,696 |
| Compensation of current officers, directors, key employees. | $6,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,721,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,935 |
| Payroll taxes | $84,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,921 |
| Advertising and promotion | $4,698 |
| Office expenses | $25,856 |
| Information technology | $31,918 |
| Royalties | $0 |
| Occupancy | $72,330 |
| Travel | $3,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,822 |
| Interest | $3,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,017 |
| Insurance | $50,011 |
| All other expenses | $0 |
| Total functional expenses | $2,701,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,028 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,443 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,360 |
| Prepaid expenses and deferred charges | $17,944 |
| Net Land, buildings, and equipment | $299,080 |
| Investments—publicly traded securities | $534,002 |
| Investments—other securities | $153,280 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,137 |
| Accounts payable and accrued expenses | $235,822 |
| 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 | $0 |
| Total liabilities | $235,822 |
| Net assets without donor restrictions | $1,228,416 |
| Net assets with donor restrictions | $21,899 |
| 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 | $1,486,137 |