Redeemer Residence Inc
- Assets
- $8.0m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 255
- Location
- Edina, MN
- Founding
- 04/1949
- Data as of
- 12/2021
- EIN
- 41-0711597
Organization Overview
Redeemer Residence Inc, operating under the name Redeemer Health & Rehab Center, is located in Edina, MN. The organization was established in 1949. 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 12/2021, Redeemer Health & Rehab Center employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeemer Health & Rehab 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 12/2021, Redeemer Health & Rehab Center generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE, HOUSING AND COMMUNITY SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEEMER RESIDENCE, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING NURSING HOME CARE FOR THE ELDERLY. IT IS LOCATED IN MINNEAPOLIS, MINNESOTA. AT THE START OF 2021 REDEEMER RESIDENCE HAD 125 BEDS IN SERVICE. EFFECTIVE 5/1/21 6 BEDS WERE PLACED ON LAYAWAY STATUS BRINGING THE TOTAL BEDS IN SERVICE TO 119. DURING 2021 REDEEMER RESIDENCE HAD 35,549 RESIDENT DAYS (80.6% OCCUPANCY). UTILIZATION BY PAYOR SOURCE WAS AS FOLLOWS: 74.2% MEDICAID, 7.2% MEDICARE, 9.7% PRIVATE PAY AND 8.9% HMO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Nkwocha Lpn | 61.85 | $128,129 | |
Danny Colgan Administrator | 40 | $125,736 | |
Paul Gesembe Rn | 58.55 | $124,006 | |
Pat Nuss Vice Chairperson & Director | OfficerTrustee | 0.25 | $0 |
Stann Leff Chairperson & Director | OfficerTrustee | 0.25 | $0 |
Paul Anderson Secretary/treasurer And Director | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pro Rehab Therapy Services | 12/30/21 | $563,585 |
Metro Nursing Staffing Services Nursing Pool Services | 12/30/21 | $122,163 |
Bauer Design Build Llc Construction Services | 12/30/21 | $100,417 |
Cassia Services Management Services | 12/30/21 | $495,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,643 |
| Government grants | $70,270 |
| 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 | $72,913 |
| Total Program Service Revenue | $12,206,545 |
| Investment income | $28,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $266 |
| Net Gain/Loss on Asset Sales | $11,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,322,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,845 |
| 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 | $6,462,159 |
| Pension plan accruals and contributions | $128,795 |
| Other employee benefits | $636,613 |
| Payroll taxes | $482,299 |
| Fees for services: Management | $495,715 |
| Fees for services: Legal | $5,624 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,033 |
| Fees for services: Other | $987,822 |
| Advertising and promotion | $41,432 |
| Office expenses | $33,541 |
| Information technology | $54,255 |
| Royalties | $0 |
| Occupancy | $306,608 |
| Travel | $5,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,111 |
| Interest | $81,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $469,496 |
| Insurance | $68,924 |
| All other expenses | $83,757 |
| Total functional expenses | $11,881,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,249,262 |
| Savings and temporary cash investments | $50,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,461,572 |
| 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 | $21,077 |
| Net Land, buildings, and equipment | $3,647,588 |
| Investments—publicly traded securities | $1,154,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $370,537 |
| Total assets | $7,955,113 |
| Accounts payable and accrued expenses | $956,044 |
| Grants payable | $0 |
| Deferred revenue | $48,065 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $79,236 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,096,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,839 |
| Total liabilities | $3,216,167 |
| Net assets without donor restrictions | $4,668,344 |
| Net assets with donor restrictions | $70,602 |
| 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 | $7,955,113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Knute Nelson Alexandria, MN | $65,707,296 | $38,034,818 |
Foundation For Health Care Continuums Sartell, MN | $70,652,957 | $36,760,475 |
Missouri Slope Lutheran Care Center Bismarck, ND | $98,166,713 | $36,127,311 |
Elim Homes Inc Edina, MN | $49,132,741 | $36,791,332 |
Benedictine Living Communities Inc Minneapolis, MN | $22,523,153 | $33,504,114 |
Valley Homes And Services Grand Forks, ND | $24,112,129 | $31,398,381 |
American Lutheran Homes Inc Fargo, ND | $43,343,032 | $34,765,772 |
Walker Methodist Minnetonka, MN | $71,311,636 | $29,368,798 |
Lyngblosten Care Center Inc St Paul, MN | $25,120,297 | $27,402,531 |
Ebenezer Society Edina, MN | $59,031,436 | $25,607,593 |
The Lutheran Home Inc Wauwatosa, WI | $32,526,623 | $29,348,190 |
Grace Lutheran Foundation Inc Eau Claire, WI | $34,935,456 | $25,987,857 |