Bridges Care Center
- Assets
- $6.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 123
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 26-2620983
Organization Overview
Bridges Care Center, operating under the name Benedictine Living Community - Ada, is located in Minneapolis, MN. The organization was established in 1946. 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 06/2022, Benedictine Living Community - Ada employed 123 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine Living Community - Ada 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 06/2022, Benedictine Living Community - Ada generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 2.1% 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.
Since 2015, Benedictine Living Community - Ada has awarded 15 individual grants totaling $1,362,499. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BENEDICTINE LIVING COMMUNITY - ADA, A 49 BED LONG-TERM CARE FACILITY IN ADA, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 81.8% OCCUPANCY AND SERVED 112 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/22.
OPERATION OF MISSION COURT, A 18 UNIT ASSISTED LIVING FACILITY IN ADA, MINNESOTA. THE FACILITY HAD AN AVERAGE OCCUPANCY OF 98.9% AND SERVED 28 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Kevin Rymanowski CFO Of Bhs & Treasurer | Officer | 1 | $0 |
Tia Bowe Vp Of Bhs/president (through March 2022) | OfficerTrustee | 1 | $0 |
Jean Bienek Executive Director | Officer | 40 | $0 |
Ryan Palm Chair | OfficerTrustee | 1 | $0 |
Robert Altringer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benedictine Health System Management Services | 6/29/22 | $312,270 |
Essentia Health Health Services | 6/29/22 | $142,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $92,080 |
| Government grants | $363,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,389 |
| Total Program Service Revenue | $4,946,268 |
| Investment income | -$1,099 |
| 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 | $5,449,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,062 |
| Grants and other assistance to domestic individuals. | $1,360 |
| 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 | $2,611,151 |
| Pension plan accruals and contributions | $32,705 |
| Other employee benefits | $425,267 |
| Payroll taxes | $190,126 |
| Fees for services: Management | $312,331 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $432,057 |
| Advertising and promotion | $26,293 |
| Office expenses | $42,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,832 |
| Travel | $26,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,933 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,896 |
| Insurance | $73,234 |
| All other expenses | $32,231 |
| Total functional expenses | $5,718,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $574,846 |
| 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 | $15,185 |
| Net Land, buildings, and equipment | $3,572,408 |
| Investments—publicly traded securities | $266,061 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,366 |
| Other assets | $481,871 |
| Total assets | $6,333,298 |
| Accounts payable and accrued expenses | $429,229 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,439,844 |
| Escrow or custodial account liability | $14,708 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $38,286 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,265 |
| Total liabilities | $2,956,332 |
| Net assets without donor restrictions | $3,074,660 |
| Net assets with donor restrictions | $302,306 |
| 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 | $6,333,298 |
Grants Awarded
Over the last fiscal year, Bridges Care Center has awarded $57,662 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE FOUNDATION PURPOSE: FOUNDATION EXPENSES | $23,417 |
BENEDICTINE HEALTH SYSTEM PURPOSE: SYSTEM SUPPORT | $14,652 |
BENEDICTINE LIVING COMMUNITIES INC PURPOSE: STRATEGIC CAPITAL | $19,593 |