Holdrege Memorial Homes Inc
- Assets
- $8.5m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 202
- Location
- Holdrege, NE
- Founding
- 01/1958
- Data as of
- 06/2022
- 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 06/2022, Holdrege Memorial Homes Inc employed 202 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 06/2022, Holdrege Memorial Homes Inc generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 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
2022
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.
PROVIDE NURSING CARE TO RESIDENTS OF THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mccormick Treasurer | OfficerTrustee | 0 | $0 |
Vickie Klein Vice President | OfficerTrustee | 0 | $0 |
Cinde Wendell President | OfficerTrustee | 0 | $0 |
Dr Thomas Nelsen Secretary | OfficerTrustee | 0 | $0 |
Betsy Olson Board Member | Trustee | 0 | $0 |
Margaret Kring Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sampson Construction Co Inc Construction | 6/29/19 | $399,656 |
Phelps County Rehab Services Therapy | 6/29/19 | $208,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,758 |
| Total Program Service Revenue | $8,058,122 |
| Investment income | $4,632 |
| 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 | $8,488,512 |
| 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 | $5,356,714 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,048,864 |
| Payroll taxes | $369,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $405,317 |
| Advertising and promotion | $19,878 |
| Office expenses | $6,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $261,489 |
| Travel | $2,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,800 |
| Interest | $128,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601,189 |
| Insurance | $53,804 |
| All other expenses | $81,902 |
| Total functional expenses | $9,086,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,674 |
| Savings and temporary cash investments | $111,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,454 |
| 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 | $44,406 |
| Net Land, buildings, and equipment | $6,991,856 |
| Investments—publicly traded securities | $4,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $265,534 |
| Total assets | $8,485,760 |
| Accounts payable and accrued expenses | $642,823 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,991,311 |
| 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 | $91,564 |
| Total liabilities | $3,725,698 |
| Net assets without donor restrictions | $4,760,062 |
| 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 | $8,485,760 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holdrege Memorial Homes Inc has recieved totaling $89.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunny Vista Living Center Colorado Springs, CO | $41,304,394 | $18,743,774 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Lutheran Homes Society Muscatine, IA | $32,892,213 | $16,820,917 |
Sunrise Manor Sioux City, IA | $24,650,539 | $11,862,314 |
Crown Point Christian Village Inc St Louis, MO | $13,880,150 | $13,172,686 |
Lutheran Home For The Aged Association East Vinton, IA | $15,716,990 | $13,011,239 |
Spring River Christian Village Inc 3600 E Third St Louis, MO | $8,680,929 | $9,992,570 |
St Pauls Home Kansas City, MO | $0 | $10,537,386 |
Kahl Home For The Aged & Infirm Davenport, IA | $51,487,751 | $14,149,659 |
St Francis Nursing Center Colorado Springs, CO | $4,550,262 | $12,563,151 |
Bethany Lutheran Health Services Council Bluffs, IA | $9,547,485 | $13,406,690 |