4000 Valley Square Inc Dba Woodside Vill Wheatland Terr
- Assets
- $30.8m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 31-1558826
Organization Overview
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr, operating under the name Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates, is located in Grand Forks, ND. The organization was established in 1997. 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. Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates 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, Valley Senior Living on 42nd Woodside Village Wheatland Terrace Country Estates generated $21.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $21.7m during the year ending 06/2022. While expenses have increased by 6.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF WOODSIDE VILLAGE A 138 BED SKILLED NURSING FACILITY, OPERATION OF WHEATLAND TERRACE A 59 UNIT ASSISTED LIVING FACILITY AND OPERATION OF COUNTRY ESTATES A 60 UNIT INDEPENDENT LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOODSIDE VILLAGE IS A 138 BED SKILLED NURSING FACILITY, INCLUDING 28 MEMORY CARE BEDS. FYE 6/30/2022 WOODSIDE VILLAGE SERVED ON THE AVERAGE 132 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 95.6%. WOODSIDE VILLAGE SERVES THE MEDICARE, MEDICAID AND PRIVATE PAY POPULATION
WHEATLAND TERRACE A 59 UNIT ASSISTED LIVING FACILITY. FYE 6/30/2022 WHEATLAND TERRACE SERVED ON THE AVERAGE 53 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 90%.
COUNTRY ESTATES A 60 UNIT INDEPENDENT LIVING FACILITY. FYE 6/30/2021 COUNTRY ESTATES SERVED ON THE AVERAGE 58 RESIDENTS WITH AN ANNUAL AVERAGE OCCUPANCY OF 96.4%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Roller Valley Senior Living On 42nd Administrator | Officer | 40 | $168,946 |
Jennifer Schultz Director Of Nursing Woodside Village | Officer | 40 | $121,812 |
Leeann Novak Lpn Float | 85 | $119,367 | |
Angie Praska Assistant Director Of Nursing Woodside Village | Officer | 40 | $101,469 |
Margaret Reed Chairperson | OfficerTrustee | 0 | $0 |
Karen Brekke Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,141 |
| Government grants | $92,434 |
| 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 | $128,575 |
| Total Program Service Revenue | $21,299,890 |
| Investment income | $638 |
| 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 | $21,519,698 |
| 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. | $511,594 |
| Compensation of current officers, directors, key employees. | $168,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,429,743 |
| Pension plan accruals and contributions | $474,445 |
| Other employee benefits | $1,462,780 |
| Payroll taxes | $874,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,926 |
| Fees for services: Accounting | $145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $661,037 |
| Advertising and promotion | $15,941 |
| Office expenses | $92,273 |
| Information technology | $143,528 |
| Royalties | $0 |
| Occupancy | $502,425 |
| Travel | $12,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,010 |
| Interest | $1,376,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,670,900 |
| Insurance | $192,408 |
| All other expenses | $240,695 |
| Total functional expenses | $21,716,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,438,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,407,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,114 |
| Prepaid expenses and deferred charges | $8,254 |
| Net Land, buildings, and equipment | $17,729,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,170,930 |
| Total assets | $30,848,608 |
| Accounts payable and accrued expenses | $913,485 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $25,350,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $67,245 |
| Other liabilities | $245,054 |
| Total liabilities | $26,575,784 |
| Net assets without donor restrictions | $4,048,064 |
| Net assets with donor restrictions | $224,760 |
| 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 | $30,848,608 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 4000 Valley Square Inc Dba Woodside Vill Wheatland Terr has recieved totaling $2,280,180.
| Awarding Organization | Amount |
|---|---|
Valley Senior Living Grand Forks, ND PURPOSE: To cover salary expenses during covered period on SBA PPP Forgiveness Application. | $2,280,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Homes And Services Roseville, MN | $66,716,638 | $30,662,544 |
Good Shepherd Lutheran Home Of Sauk Rapids Minnesota Sauk Rapids, MN | $33,093,333 | $25,176,810 |
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr Grand Forks, ND | $30,848,608 | $21,519,698 |
Augustana Health Care Center Of Apple Valley Edina, MN | $23,811,041 | $22,017,190 |
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |