Holmstad Inc
- Assets
- $74.0m
- Revenue
- $18.3m
- Investments
- $14.7m
- Employees
- 526
- Location
- Batavia, IL
- Founding
- 07/1975
- Data as of
- 09/2021
- EIN
- 36-2835154
Organization Overview
Holmstad Inc is located in Batavia, IL. The organization was established in 1975. 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 09/2021, Holmstad Inc employed 526 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Holmstad 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 09/2021, Holmstad Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $17.6m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR SENIOR ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL AND CATERED LIVING:THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDED FOR THE YEAR ENDED SEPTEMBER 30, 2021 WERE AS FOLLOWS:THERE WERE A TOTAL OF 378 RESIDENTS, OCCUPYING 254 APARTMENTS AT 09/30/2021. RESIDENCY FOR THE FISCAL YEAR TOTALED 133,129 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Gosnell - End 1621 Executive Director | Officer | 40 | $213,379 |
Kalsang Youtso Healthcare Administrator | 40 | $129,369 | |
Lindsey Bruni Director Of Sales | 40 | $119,951 | |
Kyle Dickert Healthcare Navigator | 40 | $113,409 | |
Jennifer Vidlak Nothnagel Director Of Human Resources | 40 | $107,883 | |
Lisa Cook Nurse, Rn | 40 | $105,767 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Incredible Builders Inc Construction | 9/29/21 | $763,678 |
Healthpro Rehabilitation Therapy | 9/29/21 | $745,550 |
Sodexo Inc & Affiliates Dining Services | 9/29/21 | $660,619 |
Thyssenkrupp Elevator Corp Elevator Maintenance | 9/29/21 | $257,106 |
Moore Landscapes Llc Landscaping | 9/29/21 | $185,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,961 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $924,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,863 |
| Total Program Service Revenue | $14,641,933 |
| Investment income | $1,263,392 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,110,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,281,769 |
| 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. | $91,918 |
| Compensation of current officers, directors, key employees. | $91,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,357,033 |
| Pension plan accruals and contributions | $112,247 |
| Other employee benefits | $571,890 |
| Payroll taxes | $264,823 |
| Fees for services: Management | $54,912 |
| Fees for services: Legal | $95,653 |
| Fees for services: Accounting | $4,675 |
| Fees for services: Lobbying | $591 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $765,171 |
| Advertising and promotion | $194,590 |
| Office expenses | $530,830 |
| Information technology | $398,582 |
| Royalties | $0 |
| Occupancy | $1,309,522 |
| Travel | $4,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,598 |
| Interest | $2,636,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,569,022 |
| Insurance | $198,280 |
| All other expenses | $398,031 |
| Total functional expenses | $17,561,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $246,509 |
| Accounts receivable, net | $452,896 |
| 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 | $10,926 |
| Net Land, buildings, and equipment | $36,633,509 |
| Investments—publicly traded securities | $21,113,443 |
| Investments—other securities | $14,683,689 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $863,505 |
| Total assets | $74,023,860 |
| Accounts payable and accrued expenses | $525,334 |
| Grants payable | $0 |
| Deferred revenue | $18,852,097 |
| Tax-exempt bond liabilities | $39,027,789 |
| Escrow or custodial account liability | $275,702 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,662,414 |
| Total liabilities | $92,343,336 |
| Net assets without donor restrictions | -$19,299,168 |
| Net assets with donor restrictions | $979,692 |
| 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 | $74,023,860 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holmstad Inc has recieved totaling $199.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $199 |
Endowment Analysis
| Beg. Balance | $762,223 |
| Earnings | $101,283 |
| Ending Balance | $863,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
Masonic Homes Of Kentucky Inc Masonic Home, KY | $92,700,057 | $43,584,418 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Friendship Village Of West County Chesterfield, MO | $195,171,509 | $29,494,334 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Lutheran Homes Inc Fort Wayne, IN | $58,928,684 | $39,157,951 |
Greencroft Goshen Inc Goshen, IN | $95,333,983 | $41,677,361 |
The Mather Evanston Evanston, IL | $197,036,841 | $28,903,935 |
Covenant Health Care Center Inc Northbrook, IL | $80,834,072 | $35,580,141 |
Plymouth Place Inc Lagrange Park, IL | $140,283,826 | $32,345,507 |
Covenant Living Communities And Services Skokie, IL | $297,389,461 | $56,944,036 |
Baptist Convalescent Center Inc Erlanger, KY | $70,429,855 | $32,396,386 |