Reedsburg Area Senior Life Center Inc
- Assets
- $8.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Reedsburg, WI
- Founding
- 05/2006
- Data as of
- 09/2023
- 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 09/2023, Reedsburg Area Senior Life Center Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $6.7m during the year ending 09/2023. While expenses have increased by 0.1% 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
REEDSBURG AREA SENIOR LIFE CENTER PROVIDES COMPASSIONATE, QUALITY AND EFFIECIENT HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSISTS OF A LONG-TERM CARE UNIT, COMMUNITY BASED RESIDENTIAL FACILITY (CBRF) AND AN APARTMENT STYLE ASSISTED LIVING FACILITY LOCATED 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 TWO DIFFERENT NEIGHBORHOODS, AS DOES RIDGEVIEW TRAILS (CBRF). BETWEEN THE TWO UNITS THERE ARE 49 LICENSED BEDS. DURING THE FISCAL YEAR ENDING 09/30/23, RASLC PROVIDED CARE FOR 7,661 LONG-TERM CARE RESIDENT DAYS AND 6,398 CBRF RESIDENT DAYS.
A 24-APARTMENT ASSISTED LIVING FACILITY; CONSISTS OF STUDIO AND ONE-BEDROOM APARTMENTS. SERVICES WERE PROVIDED TO 7,340 ASSISTED LIVING RESIDENT DAYS DURING FISCAL YEAR 2023.
RAMC PROVIDES SCHOLARSHIPS AND TUITION ASSISTANCE TO EMPLOYEES PURSUING HEALTH-CARE RELATED HIGHER EDUCATION. THIS ASSISTANCE IS MADE AVAILABLE TO EMPLOYEES FOR STUDIES WHERE PROFESSIONAL STAFF ARE NEEDED AND THE DEMAND FOR THESE POSITIONS IS GREATER THAN THE SUPPLY AVAILABLE. USUALLY, THE SHORTAGE IS NOT ONLY SEEN LOCALLY, BUT ALSO SATE AND NATION WIDE. THE INTENTION IS TO HAVE THESE TRAINED PROFESSIONALS CONTINUE AT RAMC WITHIN THEIR NEW POSITION, ACCOMPLISHING OUR MISSION AND COMMITMENT TO PROVIDING HIGH-QUALITY, LOCAL CARE FOR OUR COMMUNITY. PROOF OF THE COST OF TUITION AND SUCCESSFUL COURSE COMPLETION ARE REQUIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Peterson Chairman | OfficerTrustee | 0.5 | $250 |
Derek Horkan Secretary And Treasurer | OfficerTrustee | 0.5 | $250 |
Judy Bass Director | Trustee | 0.5 | $200 |
Tammy Koenecke Director | Trustee | 0.5 | $250 |
Kathy Schwartz Director | Trustee | 0.5 | $300 |
Katy Prange Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,114,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,173,558 |
| Total Program Service Revenue | $4,899,368 |
| Investment income | $216 |
| 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 | $6,088,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,100 |
| 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 | $3,671,326 |
| Pension plan accruals and contributions | $120,565 |
| Other employee benefits | $723,828 |
| Payroll taxes | $263,728 |
| 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 | $743,601 |
| Advertising and promotion | $0 |
| Office expenses | $80,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,827 |
| Travel | $14,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $212,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,648 |
| Insurance | $42,179 |
| All other expenses | $0 |
| Total functional expenses | $6,721,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,768 |
| 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 | $22,047 |
| Net Land, buildings, and equipment | $6,558,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,067,977 |
| Total assets | $8,047,453 |
| Accounts payable and accrued expenses | $369,735 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,730,904 |
| Escrow or custodial account liability | $21,412 |
| 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 | $7,122,051 |
| Net assets without donor restrictions | -$142,575 |
| Net assets with donor restrictions | $1,067,977 |
| 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 | $8,047,453 |