Reedsburg Area Senior Life Center Inc
- Assets
- $9.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Reedsburg, WI
- Founding
- 05/2006
- Data as of
- 09/2021
- EIN
- 76-0775289
Organization Overview
Reedsburg Area Senior Life Center Inc is located in Reedsburg, WI. The organization was established in 2006. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reedsburg Area Senior Life Center 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 09/2021, Reedsburg Area Senior Life Center Inc generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $5.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. 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
REEDSBURG AREA SENIOR LIFE CENTER PROVIDES COMPASSIONATE, QUALITY AND EFFICIENT HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSISTS OF A LONG-TERM CARE UNIT AND AN APARTMENT STYLE ASSISTED LIVING FACILITY LOCATED RIGHT ON THE REEDSBURG AREA MEDICAL CENTER CAMPUS. RASLC IS DESIGNED WITH A NEIGHBORHOOD CONCEPT, SO ALL RESIDENTIAL LIVING WINGS EXTEND FROM THE MAIN STREET AND TOWN SQUARE AREA. RIDGEVIEW TERRACE, A LONG-TERM CARE UNIT LIVING FACILITY, OFFERS LARGE, PRIVATE ROOMS IN FOUR DIFFERENT NEIGHBORHOODS. IN FISCAL YEAR 2019, RASLC BEGAN WORK TO TRANSITION HALF OF OUR LONG-TERM CARE UNITS TO A CERTIFIED BASED RESIDENTIAL FACILITY. CBRF (RIDGEVIEW TRAILS) OPENED JULY 14, 2020 WITH 22 BEDS AVAILABLE FOR A TOTAL OF 1,938 CBRF DAYS. WE ENDED THE FISCAL YEAR WITH 25 LICENSED LONG-TERM CARE BEDS, PROVIDING CARE FOR A TOTAL OF 8,001 LONG-TERM CARE RESIDENT DAYS.
A 24-APARTMENT ASSISTED LIVING FACILITY; CONSISTS OF STUDIO AND ONE-BEDROOM APARTMENTS. SERVICES WERE PROVIDED TO 4,256 ASSISTED LIVING RESIDENT DAYS DURING FISCAL YEAR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Peterson Vice Chairman | OfficerTrustee | 0.5 | $450 |
Bill Gronley Chairman | OfficerTrustee | 0.5 | $450 |
Judy Bass Director | Trustee | 0.5 | $450 |
Derek Horkan Secretary And Treasurer | OfficerTrustee | 0.5 | $400 |
Tammy Koenecke Director | Trustee | 0.5 | $350 |
Robert Van Meeteren President/ceo | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,852,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,852,457 |
| Total Program Service Revenue | $3,189,694 |
| Investment income | $245 |
| 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 | $5,047,432 |
| 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 | $2,698,209 |
| Pension plan accruals and contributions | $101,971 |
| Other employee benefits | $526,088 |
| Payroll taxes | $193,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $465,105 |
| Advertising and promotion | $688 |
| Office expenses | $98,329 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,333 |
| Travel | $7,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,810 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $365,286 |
| Insurance | $37,489 |
| All other expenses | $0 |
| Total functional expenses | $5,101,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $299,312 |
| 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 | $25,499 |
| Net Land, buildings, and equipment | $7,126,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,291,886 |
| Total assets | $9,188,721 |
| Accounts payable and accrued expenses | $531,403 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,775,061 |
| Escrow or custodial account liability | $15,135 |
| 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 | $8,321,599 |
| Net assets without donor restrictions | -$424,764 |
| Net assets with donor restrictions | $1,291,886 |
| 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 | $9,188,721 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reedsburg Area Senior Life Center Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |