Colfax Health And Rehabilitation Center Inc
- Assets
- $8.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 62
- Location
- Colfax, WI
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 39-1039081
Organization Overview
Colfax Health And Rehabilitation Center Inc is located in Colfax, WI. The organization was established in 2011. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Colfax Health And Rehabilitation Center Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colfax Health And Rehabilitation Center 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 12/2022, Colfax Health And Rehabilitation Center Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
TO PROVIDE COMPREHENSIVE SHORT-TERM REHAB AS WELL AS LONG TERM CARE AND ASSISTED LIVING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLFAX HEALTH AND REHABILITATION CENTER, INC. (THE ORGANIZATION") OPERATES A 28-BED NURSING FACILITY IN COLFAX, WISCONSIN, SERVING SKILLED AND INTERMEDIATE CARE RESIDENTS. TOTAL PATIENT DAYS FOR 2022 WERE 6,556.
THE COMPANY OPERATES A 28-BED COMMUNITY BASED RESIDENTIAL FACILITY (CBRF) AND A 12-UNIT RESIDENTIAL CARE APARTMENT COMPLEX (RCAC).THERE WERE 7,812 RESIDENT DAYS IN THE CBRF AND 2,870 RESIDENT DAYS IN THE RCAC IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Del Gunderson President | OfficerTrustee | 1 | $500 |
Mary Ellen Mathews Vice President | OfficerTrustee | 1 | $500 |
Steve Cook Director | Trustee | 1 | $500 |
Donna Johnson Director | Trustee | 1 | $500 |
Stacy Wigfield Director | Trustee | 1 | $500 |
Kenzie Galetka Administrator | Officer | 40 | $74,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,892 |
| Total Program Service Revenue | $3,688,945 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,845 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$50 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,756,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $89,785 |
| Compensation of current officers, directors, key employees. | $89,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,088,751 |
| Pension plan accruals and contributions | $7,759 |
| Other employee benefits | $201,344 |
| Payroll taxes | $134,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,706 |
| Fees for services: Accounting | $51,528 |
| Fees for services: Lobbying | $128 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $681,512 |
| Advertising and promotion | $3,432 |
| Office expenses | $43,931 |
| Information technology | $43,296 |
| Royalties | $0 |
| Occupancy | $70,105 |
| Travel | $6,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $129,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,379 |
| Insurance | $34,271 |
| All other expenses | $16,500 |
| Total functional expenses | $4,348,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $237,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $684,560 |
| 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 | $113,367 |
| Net Land, buildings, and equipment | $7,292,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $459 |
| Total assets | $8,329,213 |
| Accounts payable and accrued expenses | $707,166 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,442 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,380,775 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $169,585 |
| Total liabilities | $11,267,968 |
| Net assets without donor restrictions | -$2,943,255 |
| Net assets with donor restrictions | $4,500 |
| 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 | $8,329,213 |