Immanuel Caring Ministries Inc
- Assets
- $36.5m
- Revenue
- $38.3m
- Investments
- $6.8m
- Employees
- 526
- Location
- Peoria, AZ
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 86-0911226
Organization Overview
Immanuel Caring Ministries Inc is located in Peoria, AZ. The organization was established in 1998. 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 12/2023, Immanuel Caring Ministries Inc employed 526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Immanuel Caring Ministries 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 12/2023, Immanuel Caring Ministries Inc generated $38.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $37.3m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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
PROVIDE HOUSING, NURSING HOME CARE, AND RELATED ACTIVITIES TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER SAFE, ATTRACTIVE RETIREMENT HOUSING AT MODERATE COSTS TO ELDERLY RESIDENTS. THE CAMPUS HAS HEALTH CARE RESOURCES READILY AVAILABLE IN THE EVENT OF NEED OR AN EMERGENCY. OUR ASSISTED LIVING UNIT AFFORDS OLDER PEOPLE A BLEND BETWEEN INDEPENDENT LIVING AND NURSING CARE THROUGH THE ASSISTED LIVING PROGRAM. CAREGIVERS GIVE RESIDENTS THE ASSISTANCE THEY NEED IN PURSUING DAILY LIVING ACTIVITIES. THE NURSING FACILITY PROVIDES SKILLED NURSING SERVIES TO PATIENTS OF VARIED INCOME LEVELS. WE ASSIST PATIENTS IN QUALIFYING TO RECEIVE FEDERAL, COUNTY AND COMMERCIAL/HMO FUNDING. THE SKILLED NURSING IS AVAILABLE TO CAMPUS RESIDENTS WHO OFTEN TRANSFER BACK TO THEIR APARTMENTS UPON RECOVERY. SKILLED NURSING IS ALSO AVAILABLE TO ELDERLY PATIENTS FROM OTHER LOCATIONS WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mcnellis President | OfficerTrustee | 4 | $0 |
Larry Litman Secretary | OfficerTrustee | 35 | $286,645 |
Dr William Nassour Director | Trustee | 2 | $36,000 |
Dr Joy Schwertley Vice President | OfficerTrustee | 2 | $0 |
Sharon Mensing Director | Trustee | 2 | $0 |
Brenda Pierce Executive Director | Officer | 40 | $1,595,918 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Signal Llc Security | 12/30/23 | $1,446,595 |
Stellar Technologies Computer Services | 12/30/23 | $200,831 |
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 | $534,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,323 |
| Total Program Service Revenue | $37,252,030 |
| Investment income | $230,830 |
| 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 | $38,309,926 |
| 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. | $2,191,851 |
| Compensation of current officers, directors, key employees. | $547,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,783,287 |
| Pension plan accruals and contributions | $580 |
| Other employee benefits | $1,531,364 |
| Payroll taxes | $1,413,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,878 |
| Fees for services: Accounting | $47,627 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,498,911 |
| Advertising and promotion | $149,067 |
| Office expenses | $145,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,054,923 |
| Travel | $120,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $715,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,156,214 |
| Insurance | $1,217,133 |
| All other expenses | $0 |
| Total functional expenses | $37,349,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,016,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,539,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,506 |
| Prepaid expenses and deferred charges | $819,138 |
| Net Land, buildings, and equipment | $18,358,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,789,941 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,009,738 |
| Total assets | $36,544,990 |
| Accounts payable and accrued expenses | $2,231,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,750,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,664,821 |
| Unsecured mortgages and notes payable | $21,659,545 |
| Other liabilities | $69,901 |
| Total liabilities | $70,376,155 |
| Net assets without donor restrictions | -$33,831,165 |
| 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 | $36,544,990 |