Menno Olivet Care Center Inc
- Assets
- $2.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 77
- Location
- Menno, SD
- Founding
- 07/1972
- Data as of
- 12/2021
- EIN
- 46-0306972
Organization Overview
Menno Olivet Care Center Inc is located in Menno, SD. The organization was established in 1972. 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 12/2021, Menno Olivet Care Center Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menno Olivet 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 12/2021, Menno Olivet Care Center Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST NURSING HOME CARE FOR ELDERLY RESIDENTS AND PROVIDE DAYCARE FACILITIES IN A SMALL RURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
49-BED SKILLED CARE AND ASSISTED LIVING FACILITY IN A SMALL RURAL COMMUNITY WITH A 55.57% OCCUPANCY RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Galen Guthmiller President | OfficerTrustee | 1 | $0 |
Jennifer Herrboldt Vice Preside | OfficerTrustee | 1 | $0 |
Larry Kirschenman Secretary | OfficerTrustee | 1 | $0 |
Jeff Nusz Director | Trustee | 1 | $0 |
Kay Smidt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,871 |
| Total Program Service Revenue | $2,330,377 |
| Investment income | $4,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$61 |
| Net Gain/Loss on Asset Sales | -$3,022 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,578,492 |
| 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 | $1,175,410 |
| Pension plan accruals and contributions | $56,710 |
| Other employee benefits | $0 |
| Payroll taxes | $118,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $23,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $101,792 |
| Advertising and promotion | $9,135 |
| Office expenses | $17,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,993 |
| Travel | $6,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,938 |
| Insurance | $75,482 |
| All other expenses | $76,994 |
| Total functional expenses | $2,104,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $707,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,374 |
| 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 | $5,258 |
| Net Land, buildings, and equipment | $720,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $488,796 |
| Total assets | $2,149,341 |
| Accounts payable and accrued expenses | $100,573 |
| 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 | $125,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $226,049 |
| Net assets without donor restrictions | $1,808,221 |
| Net assets with donor restrictions | $115,071 |
| 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 | $2,149,341 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Menno Olivet Care Center Inc has recieved totaling $175.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |
Catholic Residential Services Inc Minneapolis, MN | $8,441,352 | $15,142,116 |
Eastern Star Masonic Home Boone, IA | $25,908,616 | $9,959,912 |
Florence Home For The Aged Omaha, NE | $5,548,630 | $13,264,591 |
Christian Retirement Homes Inc Lincoln, NE | $30,882,827 | $12,805,842 |