Minnesota Masonic Home Care Center
- Assets
- $38.8m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 543
- Location
- Bloomington, MN
- Founding
- 11/1928
- Data as of
- 12/2023
- EIN
- 41-0693872
Organization Overview
Minnesota Masonic Home Care Center is located in Bloomington, MN. The organization was established in 1928. 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 12/2023, Minnesota Masonic Home Care Center employed 543 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Masonic Home Care Center 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 12/2023, Minnesota Masonic Home Care Center generated $30.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $31.4m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NURSING/CARE FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA MASONIC HOME CARE CENTER OWNS AND OPERATES A 214 BED NURSING HOME FACILITY AND A 45 UNIT ASSISTED LIVING COMPLEX PROVIDING PROFESSIONAL CARE TO ITS NURSING FACILITY RESIDENTS. THE NURSING HOME AND ASSISTED LIVING HAD 81.4% AND 85.1% OCCUPANCY RESPECTIVELY IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric J Neetenbeek President/ceo - Charities | Officer | 4 | $0 |
John Schwietz COO - Charities | Officer | 4 | $0 |
Sue Mork CFO - Charities | Officer | 4 | $0 |
Evans Ayako Rn | 40 | $241,478 | |
Julius Tariki Rn | 40 | $177,720 | |
Beth Schroeder Administrator | 40 | $168,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brightview Landscapesllc Lawn Services | 12/30/23 | $208,711 |
Cunningham Group Architects Architectural Services | 12/30/23 | $194,634 |
Cintas Corporation Laundry Services | 12/30/23 | $123,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $502,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,076 |
| Noncash contributions included in lines 1a–1f | $70,821 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,178 |
| Total Program Service Revenue | $29,562,455 |
| Investment income | $6,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $159,897 |
| Net Gain/Loss on Asset Sales | $2,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,319 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,659,193 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,885,017 |
| Pension plan accruals and contributions | $311,772 |
| Other employee benefits | $2,149,313 |
| Payroll taxes | $1,379,952 |
| Fees for services: Management | $1,050,000 |
| Fees for services: Legal | $2,623 |
| Fees for services: Accounting | $56,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $829,497 |
| Advertising and promotion | $11,538 |
| Office expenses | $1,273,039 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $730,580 |
| Travel | $21,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $152,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,382,414 |
| Insurance | $505,703 |
| All other expenses | $286,487 |
| Total functional expenses | $31,387,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,867,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,909,797 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $243,470 |
| Prepaid expenses and deferred charges | $129,200 |
| Net Land, buildings, and equipment | $18,999,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $10,678,710 |
| Total assets | $38,842,950 |
| Accounts payable and accrued expenses | $3,191,397 |
| Grants payable | $0 |
| Deferred revenue | $849,160 |
| Tax-exempt bond liabilities | $12,200,492 |
| Escrow or custodial account liability | $130,409 |
| 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 | $192,738 |
| Total liabilities | $16,564,196 |
| Net assets without donor restrictions | $22,256,986 |
| Net assets with donor restrictions | $21,768 |
| 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 | $38,842,950 |