Valley Lake Boys Home Inc
- Assets
- $946.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Breckenridge, MN
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 51-0137932
Organization Overview
Valley Lake Boys Home Inc is located in Breckenridge, MN. The organization was established in 1975. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Valley Lake Boys Home Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Lake Boys 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 12/2021, Valley Lake Boys Home Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $691.6k during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VALLEY LAKE BOYS HOME IS A RESIDENTIAL TREATMENT FACILITY THAT PROVIDES TREATMENT AND CARE FOR BOYS ONLY, AGES 12-18. THE FACILITY'S LICENSED CAPACITY IS 14 BOYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY LAKE BOYS HOME IS A RESIDENTIAL TREATMENT FACILITY THAT PROVIDES TREATMENT AND CARE FOR BOYS ONLY, AGES 12-18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Etzler Executive Dir. | OfficerTrustee | 40 | $62,753 |
Christie Bergmann Director | Trustee | 1 | $0 |
Rick Fiedler Director | Trustee | 1 | $0 |
Wayne Bezenek Director | Trustee | 1 | $0 |
Corrina Erickson Director | Trustee | 1 | $0 |
Milan Drewlow Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,213 |
| Total Program Service Revenue | $687,551 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $9,227 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,069,218 |
| 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. | $62,753 |
| Compensation of current officers, directors, key employees. | $31,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,473 |
| Payroll taxes | $34,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,227 |
| Advertising and promotion | $2,633 |
| Office expenses | $3,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,692 |
| Travel | $743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,871 |
| Insurance | $21,785 |
| All other expenses | $85 |
| Total functional expenses | $691,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,902 |
| Savings and temporary cash investments | $525,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,605 |
| 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 | $12,565 |
| Net Land, buildings, and equipment | $297,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $946,147 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $946,147 |
| 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 | $946,147 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Valley Lake Boys Home Inc has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centers For Independence Inc Milwaukee, WI | $1,176,879 | $2,724,477 |
Prairie Community Services Inc Morris, MN | $11,824,208 | $28,388,277 |
Hammer Residences Inc Wayzata, MN | $27,096,266 | $31,216,028 |
Living Well Disability Services Mendota Heights, MN | $24,168,704 | $25,251,629 |
Accord Saint Paul, MN | $14,901,147 | $23,929,157 |
Mid-Step Services Inc Sioux City, IA | $20,233,079 | $25,551,383 |
Comprehensive Systems Inc Charles City, IA | $6,739,515 | $18,627,852 |
Creative Community Living Services Inc Watertown, WI | $7,269,281 | $21,344,485 |
North Homes Inc Grand Rapids, MN | $21,495,147 | $20,438,205 |
Village Northwest Unlimited Sheldon, IA | $21,763,774 | $17,290,667 |
Wingspan Life Resources Saint Paul, MN | $13,987,956 | $12,754,382 |
Fraser Ltd Fargo, ND | $12,535,842 | $15,143,090 |