New Cassel Inc
- Assets
- $20.0m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 184
- Location
- Omaha, NE
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 47-0548913
Organization Overview
New Cassel Inc is located in Omaha, NE. The organization was established in 1946. 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 06/2023, New Cassel Inc employed 184 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. New Cassel 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, New Cassel Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $8.5m during the year ending 06/2023. While expenses have increased by 6.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SERVICES TO CELEBRATE THE INNATE DIGNITY AND ENHANCE THE WELLNESS OF AGING PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CASSEL, INC. IS A LICENSED ASSISTED LIVING FACILITY FOR THE ELDERLY WITH 179 ROOMS. NEW CASSEL, INC. PROVIDES HEALTH SERVICES, MEDICATION MANAGEMENT, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEALS, LAUNDRY, RELIGIOUS SERVICES, EDUCATIONAL OPPORTUNITIES AND ACTIVITIES.
MISCELLANEOUS OTHER PROGRAMS PROVIDED TO RESIDENTS.
FRANCISCAN DAY CENTRE - THE CENTRE OFFERS DAYTIME SUPPORT SERVICES FOR ADULTS WITH FUNCTIONAL LOSS, ALZHEIMER'S, OR OTHER AGING FRAILTIES AND PROVIDES A VIABLE OPTION FOR SENIORS WHO CAN NO LONGER BE AT HOME ALONE OR ARE ISOLATED DUE TO DISABILITY. THE FRANCISCAN CENTRE SPECIALIZES IN CARING FOR OLDER ADULTS WHO BENEFIT FROM COGNITIVE ENGAGEMENT, STRUCTURED ACTIVITIES, SOCIAL OPPORTUNITIES, MEDICATION MONITORING AND NUTRITIOUS MEALS IN A SECURE ENVIRONMENT AND COMBINES MEANINGFUL, STIMULATING ACTIVITIES WITH SPECIAL FOCUS ON INDIVIDUALS WITH SHORT TERM MEMORY LOSS.WE PROVIDE TWO MEALS AND A SNACK TO OUR DAY PROGRAM PARTICIPANTS EACH DAY. MEALS ARE A GREAT TIME TO SOCIALIZE AND EXCHANGE STORIES WITH OTHER DAY PROGRAM PARTICIPANTS AND STAFF. OTHER BENEFITS OF THE CENTRE INCLUDE MEDICATION SUPERVISION, FAMILY SUPPORT GROUPS, OUTSIDE FIELD TRIPS, MOBILE PODIATRY, A BEAUTY SHOP AND A THERAPEUTIC GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Lichti President/ceo | Officer | 40 | $145,438 |
Alan Hardt CFO | Officer | 40 | $86,380 |
Dawn Venema Chair | OfficerTrustee | 1 | $0 |
Matthew Maiers Chair (thru 12/2022) / Director | OfficerTrustee | 1 | $0 |
Ed Mullen Treasurer/vice Chair | OfficerTrustee | 1 | $0 |
Bob Foley Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $884,553 |
| Government grants | $129,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,684 |
| Total Program Service Revenue | $7,452,923 |
| Investment income | $76,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $379,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,189,810 |
| 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. | $246,820 |
| Compensation of current officers, directors, key employees. | $246,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,006,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $599,746 |
| Payroll taxes | $312,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $795 |
| Fees for services: Accounting | $37,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,161 |
| Fees for services: Other | $246,725 |
| Advertising and promotion | $91,857 |
| Office expenses | $447,834 |
| Information technology | $12,514 |
| Royalties | $0 |
| Occupancy | $445,119 |
| Travel | $34,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,428 |
| Interest | $53,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $953,657 |
| Insurance | $178,136 |
| All other expenses | $10,046 |
| Total functional expenses | $8,534,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,008 |
| Savings and temporary cash investments | $146,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $285,941 |
| 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 | $95,468 |
| Net Land, buildings, and equipment | $14,684,581 |
| Investments—publicly traded securities | $4,162,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,955,182 |
| Accounts payable and accrued expenses | $541,669 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,214,036 |
| Escrow or custodial account liability | $9,067 |
| 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 | $1,764,772 |
| Net assets without donor restrictions | $16,432,039 |
| Net assets with donor restrictions | $1,758,371 |
| 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 | $19,955,182 |