Hi-Line Retirement Center
- Assets
- $5.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Malta, MT
- Founding
- 06/2005
- Data as of
- 04/2022
- EIN
- 20-2644464
Organization Overview
Hi-Line Retirement Center is located in Malta, MT. The organization was established in 2005. 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. As of 04/2022, Hi-Line Retirement Center employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hi-Line Retirement Center 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 04/2022, Hi-Line Retirement Center generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.8m during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING, TREATMENT AND CARE TO THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL CARE & DEPRECIATION: PROVIDES NURSING AND OTHER SERVICES TO RESIDENTS OF THE NURSING HOME.
HOUSEKEEPING: PROVIDES LAUNDRY SERVICES AS WELL AS UPKEEP IN THE CENTER IN ORDER TO PROVIDE RESIDENTS WITH THE BEST POSSIBLE CARE.
DIETARY: PROVIDES A BALANCED DIET FOR RESIDENTS OF THE NURSING HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Logan Lund Chair | OfficerTrustee | 2 | $0 |
Carol Kienenberger Vice Chair | OfficerTrustee | 2 | $0 |
Larry Bauer Director | Trustee | 2 | $0 |
Jay Boardman Director | Trustee | 2 | $0 |
Howie Hammond Director | Trustee | 2 | $0 |
Marlyn Taylor Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $676,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,993 |
| Total Program Service Revenue | $3,284,056 |
| Investment income | $2,165 |
| 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 | $3,980,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,850 |
| 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. | $145,466 |
| Compensation of current officers, directors, key employees. | $145,466 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,893,361 |
| Pension plan accruals and contributions | $44,049 |
| Other employee benefits | $167,491 |
| Payroll taxes | $212,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,203 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,288 |
| Advertising and promotion | $1,955 |
| Office expenses | $11,331 |
| Information technology | $3,600 |
| Royalties | $0 |
| Occupancy | $117,668 |
| Travel | $5,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,826 |
| Insurance | $58,980 |
| All other expenses | $41,650 |
| Total functional expenses | $3,764,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,008,958 |
| Savings and temporary cash investments | $456,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $484,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,904 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,473,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $296,813 |
| Other assets | $0 |
| Total assets | $5,752,031 |
| Accounts payable and accrued expenses | $54,621 |
| 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 | $3,845,156 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,899,777 |
| Net assets without donor restrictions | $1,852,254 |
| 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 | $5,752,031 |