Midwest Covenant Home Inc
- Assets
- $6.0m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 112
- Location
- Stromsburg, NE
- Founding
- 07/1975
- Data as of
- 06/2023
- EIN
- 47-0397679
Organization Overview
Midwest Covenant Home Inc is located in Stromsburg, NE. The organization was established in 1975. 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 06/2023, Midwest Covenant Home Inc employed 112 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Midwest Covenant Home 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 06/2023, Midwest Covenant Home Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. While expenses have increased by 6.8% 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
NURSING HOME CARE AND ASSISTED LIVING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NURSING HOME CARE AND ASSISTED LIVING FOR THE ELDERLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Cramer President | OfficerTrustee | 0 | $0 |
Bonnie Schreiber Director-At-Large | Trustee | 0 | $0 |
Robert Small Vice-President | OfficerTrustee | 0 | $0 |
Phil Burke Director-At-Large | Trustee | 0 | $0 |
Richard Boroviak Director-At-Large | Trustee | 0 | $0 |
Cheri Giannou Treasurer | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maxim Healthcare Staffing Services Agency Staffing | 6/29/23 | $271,553 |
Onestaff Medical Llc Agency Staffing | 6/29/23 | $161,252 |
Function Forever Therapies Therapy Services | 6/29/23 | $110,504 |
Fusion Medical Staffing Llc Agency Staffing | 6/29/23 | $137,397 |
Cariant Health Partners Agency Staffing | 6/29/23 | $109,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,618 |
| Total Program Service Revenue | $5,832,485 |
| Investment income | $8,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150,054 |
| Net Gain/Loss on Asset Sales | $40,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,230,960 |
| 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 | $3,127,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $419,706 |
| Payroll taxes | $182,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,994 |
| Office expenses | $7,371 |
| Information technology | $114,715 |
| Royalties | $0 |
| Occupancy | $162,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,868 |
| Interest | $140,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,548 |
| Insurance | $139,720 |
| All other expenses | $183,941 |
| Total functional expenses | $6,691,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $427,465 |
| Pledges and grants receivable | $216,357 |
| Accounts receivable, net | $373,521 |
| 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 | $4,978,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90 |
| Total assets | $5,995,763 |
| Accounts payable and accrued expenses | $330,380 |
| 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 | $3,213,534 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,352 |
| Total liabilities | $3,562,266 |
| Net assets without donor restrictions | $2,433,497 |
| 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 | $5,995,763 |