Catholic Residential Services Inc
- Assets
- $8.4m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 418
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 39-0982340
Organization Overview
Catholic Residential Services Inc is located in Minneapolis, MN. The organization was established in 1946. 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 06/2021, Catholic Residential Services Inc employed 418 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Catholic Residential Services 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 06/2021, Catholic Residential Services Inc generated $15.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $14.5m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN RESEDENTIAL PROGRAMS THAT MAKE REAL AND EFFECTICE THE PRESENCE OF CHRIST AND HIS CHURCH TO THOSE SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES TWO NURSING HOMES, A GROUP FOSTER HOME, AND AN ASSISTED LIVING FACILITY. BENEDICTINE LIVING COMMUNITY-LACROSSE IS A 66-BED NURSING FACILITY AND A 43-UNIT ASSISTED LIVING COMMUNITY WITH A COMBINED OCCUPANCY 86.55% AND SERVED 234 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/21. BENEDICTINE LIVING COMMUNITY-WAUSAU IS A 82-BED NURSING FACILITY THAT HAD AN AVERAGE OCCUPANCY OF 71.0% AND SERVED 256 INDIVIDUALS DURING THE YEAR ENDED 6/30/21. NORTHLAND HOUSE GROUP HOME IS A GROUP FOSTER HOME IN WAUSAU, WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Schulz Rn | 40 | $113,539 | |
Tia Bowe VP Of Bhs & President | OfficerTrustee | 1 | $0 |
Christine Nykiel Secretary | OfficerTrustee | 1 | $0 |
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Leslie Thompson Executive Director - Lacro | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benedictine Health System Management Services | 6/29/21 | $957,433 |
Greenfield Rehabilitation Agency Inc Rehab Services | 6/29/21 | $527,093 |
Us Food Service - Nw 6059 Food & Culinary Supplies | 6/29/21 | $506,148 |
Mckesson Medical Medical Supplies | 6/29/21 | $332,883 |
Healthdirect Pharmacy Serv Pharmacy Services | 6/29/21 | $130,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,501,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502,426 |
| Total Program Service Revenue | $13,604,241 |
| Investment income | $11,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $480 |
| 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 | $15,142,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,341 |
| Grants and other assistance to domestic individuals. | $1,962 |
| 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 | $7,145,553 |
| Pension plan accruals and contributions | $92,198 |
| Other employee benefits | $1,057,021 |
| Payroll taxes | $559,324 |
| Fees for services: Management | $791,222 |
| Fees for services: Legal | $314 |
| Fees for services: Accounting | $21,883 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,295,123 |
| Advertising and promotion | $94,464 |
| Office expenses | $81,610 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $535,702 |
| Travel | $9,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,252 |
| Interest | $365,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,304 |
| Insurance | $174,430 |
| All other expenses | $113,436 |
| Total functional expenses | $14,492,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,217,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,166,448 |
| 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 | $34,071 |
| Net Land, buildings, and equipment | $4,559,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $463,282 |
| Total assets | $8,441,352 |
| Accounts payable and accrued expenses | $1,189,516 |
| Grants payable | $0 |
| Deferred revenue | $271,399 |
| Tax-exempt bond liabilities | $4,954,348 |
| Escrow or custodial account liability | $25,993 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $733,995 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $278,134 |
| Total liabilities | $7,453,385 |
| Net assets without donor restrictions | $924,924 |
| Net assets with donor restrictions | $63,043 |
| 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 | $8,441,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Catholic Residential Services Inc has recieved totaling $9,719.
| Awarding Organization | Amount |
|---|---|
Benedictine Health System Minneapolis, MN PURPOSE: EQUITY | $9,719 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |
Volunteers Of America Care Facilities Eden Prairie, MN | $34,098,364 | $41,433,516 |
Valley Senior Services Alliance Roseville, MN | $92,212,429 | $35,168,419 |
Saint Therese Of New Hope St Louis Park, MN | $31,804,224 | $36,427,083 |
Saint Johns Communities Inc Milwaukee, WI | $267,147,546 | $26,978,103 |
Presbyterian Homes Of Arden Hills Inc Roseville, MN | $68,220,110 | $29,055,542 |
Colonial Acres Home Inc Minneapolis, MN | $44,505,030 | $24,567,557 |
Minnesota Masonic Home Care Center Bloomington, MN | $30,061,653 | $29,200,433 |
United Lutheran Program For The Aging Inc Wauwatosa, WI | $44,109,199 | $32,538,554 |
Walker Methodist Health Center Inc Minnetonka, MN | $38,407,480 | $30,508,941 |
St Camillus Health Center Inc Wauwatosa, WI | $17,344,882 | $23,323,264 |