Holdrege Memorial Homes Inc
- Assets
- $10.5m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 184
- Location
- Holdrege, NE
- Founding
- 01/1958
- Data as of
- 06/2023
- EIN
- 47-0424939
Organization Overview
Holdrege Memorial Homes Inc is located in Holdrege, NE. The organization was established in 1958. 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, Holdrege Memorial Homes Inc employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holdrege Memorial Homes 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, Holdrege Memorial Homes Inc generated $11.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 3.3% 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
TO PROVIDE LONG-TERM HEALTH CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NURSING HOME CARE AND ASSISTED LIVING SERVICES TO RESIDENTS OF THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ecklun Secretary | OfficerTrustee | 1 | $0 |
Reed Mcclymont Treasurer | OfficerTrustee | 1 | $0 |
Betsy Olson Vice President | OfficerTrustee | 1 | $0 |
Vickie Klein President | OfficerTrustee | 1 | $0 |
Les Grimm Board Member | Trustee | 1 | $0 |
Robert Mccormick Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inspire Rehabilitation Therapy | 6/29/23 | $254,604 |
Sdk S Douglas Kucera Cpa Accounting-credit Consulting | 6/29/23 | $193,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,704,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $90 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,704,449 |
| Total Program Service Revenue | $8,594,820 |
| Investment income | $221,343 |
| 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 | $11,520,612 |
| 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 | $5,641,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $940,606 |
| Payroll taxes | $419,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $669,442 |
| Advertising and promotion | $20,367 |
| Office expenses | $3,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $259,287 |
| Travel | $6,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,913 |
| Interest | $114,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $604,423 |
| Insurance | $63,159 |
| All other expenses | $72,857 |
| Total functional expenses | $9,533,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,032,959 |
| Savings and temporary cash investments | $90,523 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,883 |
| 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 | $27,090 |
| Net Land, buildings, and equipment | $6,646,175 |
| Investments—publicly traded securities | $6,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,139,427 |
| Total assets | $10,526,686 |
| Accounts payable and accrued expenses | $667,777 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,714,704 |
| 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 | $90,740 |
| Total liabilities | $3,473,221 |
| Net assets without donor restrictions | $7,053,465 |
| 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 | $10,526,686 |