Mennonite Home Of Albany Inc
- Assets
- $81.2m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 469
- Location
- Albany, OR
- Founding
- 01/1992
- Data as of
- 09/2023
- EIN
- 93-0473211
Organization Overview
Mennonite Home Of Albany Inc is located in Albany, OR. The organization was established in 1992. 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 09/2023, Mennonite Home Of Albany Inc employed 469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mennonite Home Of Albany 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, Mennonite Home Of Albany Inc generated $28.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $30.0m during the year ending 09/2023. While expenses have increased by 1.8% 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
TO PROVIDE HEALTH CARE AND HOUSING FOR THE ELDERLY AND THOSE WITH ALZHEIMER'S AND DEMENTIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENNONITE HOME OF ALBANY PROVIDES ELDERLY ASSITED LIVING CARE, RETIREMENT LIVING, AND HIGH QUALITY HEALTH CARE TO ALZHEIMERS AND DEMENTIA PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Hood Executive Dir. | OfficerTrustee | 40 | $0 |
Clifford Mars CFO | Officer | 0 | $0 |
Susan Folden Controller | 0 | $0 | |
Elizabeth Walls Administrator | 40 | $112,612 | |
Megan Taylor Administrator | 40 | $106,480 | |
Angela Trahan Dir. Of Nursing | 40 | $105,604 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Contractors Inc Construction Service | 9/29/23 | $601,285 |
Mennonite Services Northwest Management Services | 9/29/23 | $1,073,836 |
Hooley Homes Construction Service | 9/29/23 | $388,364 |
Whitakers Construction Service | 9/29/23 | $318,653 |
Rite Way Electric Inc Construction Service | 9/29/23 | $307,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $656,564 |
| Government grants | $31,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $315 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,079 |
| Total Program Service Revenue | $27,553,077 |
| Investment income | $470,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,162 |
| Net Gain/Loss on Asset Sales | $152,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,938,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $48,576 |
| 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 | $11,561,120 |
| Pension plan accruals and contributions | $191,768 |
| Other employee benefits | $1,874,190 |
| Payroll taxes | $817,753 |
| Fees for services: Management | $1,062,829 |
| Fees for services: Legal | $80,006 |
| Fees for services: Accounting | $45,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,975 |
| Fees for services: Other | $4,093,070 |
| Advertising and promotion | $248,508 |
| Office expenses | $1,255 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,008,248 |
| Travel | $46,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,190 |
| Interest | $105,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,201,331 |
| Insurance | $303,558 |
| All other expenses | $559,790 |
| Total functional expenses | $30,015,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,421 |
| Savings and temporary cash investments | $5,121,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,550,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,079 |
| Prepaid expenses and deferred charges | $317,859 |
| Net Land, buildings, and equipment | $59,875,220 |
| Investments—publicly traded securities | $13,187,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,733 |
| Total assets | $81,208,402 |
| Accounts payable and accrued expenses | $2,130,520 |
| Grants payable | $0 |
| Deferred revenue | $25,725,136 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,549 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,169,967 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,682,957 |
| Total liabilities | $42,712,129 |
| Net assets without donor restrictions | $38,496,273 |
| 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 | $81,208,402 |