Saint Therese Of New Hope
- Assets
- $31.8m
- Revenue
- $36.4m
- Investments
- $421.4k
- Employees
- 588
- Location
- St Louis Park, MN
- Founding
- 08/1967
- Data as of
- 06/2020
- EIN
- 41-0888641
Organization Overview
Saint Therese Of New Hope is located in St Louis Park, MN. The organization was established in 1967. 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, Saint Therese Of New Hope employed 588 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Therese Of New Hope 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 06/2020, Saint Therese Of New Hope generated $36.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $37.0m during the year ending 06/2020. While expenses have increased by 0.8% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND NURSING CARE TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAINT THERESE OF NEW HOPE, ESTABLISHED IN 1968, IS THE VERY FIRST OF OUR SPECIALIZED, INNOVATIVE COMMUNITIES WHERE WE'VE HAVE MAINTAINED A TRADITION OF EXCELLENCE WITH SPACIOUS LIVING ENVIRONMENTS, BROAD ACTIVITY CALENDARS AND PERSONALIZED CARE. HERE, YOU'LL ENJOY 11.34 ACRES OF MANICURED GARDENS AND WALKING PATHS, FRESH COFFEE IN OUR CAFE ROSE AND A ROBUST PASTORAL CARE PROGRAM WITH TWO CHAPELS. AT SAINT THERESE OF NEW HOPE, YOU'LL FIND A WARM, COMFORTABLE HOME, EXCEPTIONAL AMENITIES AND WHATEVER LEVEL OF SUPPORT YOU NEED, WHENEVER YOU NEED IT.
SAINT THERESE OF NEW HOPE IS A DELIGHTFUL, WELCOMING SENIOR COMMUNITY OFFERING A FULL CONTINUUM OF CARE. OUR SPACIOUS APARTMENTS ARE IDEAL FOR SENIOR LIVING, WHILE OUR ON-SITE CARE CENTER PROVIDES SKILLED NURSING SUPPORT IN A THOUGHTFUL, COMPASSIONATE ENVIRONMENT. SAINT THERESE OF NEW HOPE HAS 220 APARTMENTS ALONG WITH:LONG-TERM CARE - 115 BEDSTRANSITIONAL CARE - 53 BEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Clauson Pharmacist | 40 | $191,351 | |
Dinah Martin Kmetz Residence Administrator | 40 | $163,018 | |
Brooke Peoples New Hope Administrator | 40 | $160,330 | |
Wendy Koempel Director Of Nursing | 40 | $127,230 | |
Nathaniel Siow House Supervisor | 40 | $119,318 | |
Lynn Choromanski PHD Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zellner Senior Care Consulting Consulting Services | 6/29/19 | $221,968 |
Compudyne Inc It Services-network | 6/29/19 | $201,691 |
Vcpi It Services-network | 6/29/19 | $121,228 |
Ultimate Software Group Inc Payroll Service | 6/29/19 | $268,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,595,820 |
| Investment income | $412,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$200,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,427,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,022 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $17,218,385 |
| Pension plan accruals and contributions | $332,348 |
| Other employee benefits | $1,470,873 |
| Payroll taxes | $1,404,360 |
| Fees for services: Management | $2,551,686 |
| Fees for services: Legal | $80,702 |
| Fees for services: Accounting | $43,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,149 |
| Fees for services: Other | $844,110 |
| Advertising and promotion | $12,011 |
| Office expenses | $402,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,246,982 |
| Travel | $5,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,495 |
| Interest | $239,324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,389,194 |
| Insurance | $386,495 |
| All other expenses | $0 |
| Total functional expenses | $36,995,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,327 |
| Savings and temporary cash investments | $1,802,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,163,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,792 |
| Prepaid expenses and deferred charges | $273,107 |
| Investments—publicly traded securities | $14,754,735 |
| Investments—other securities | $421,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,675,418 |
| Total assets | $31,804,224 |
| Accounts payable and accrued expenses | $2,950,671 |
| Grants payable | $0 |
| Deferred revenue | $110,434 |
| Tax-exempt bond liabilities | $4,441,861 |
| Escrow or custodial account liability | $36,698 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $124,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,691 |
| Total liabilities | $7,855,865 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $23,948,359 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Saint Therese Of New Hope has recieved totaling $107,623.
| Awarding Organization | Amount |
|---|---|
Saint Therese St Louis Park, MN PURPOSE: GENERAL SUPPORT | $97,544 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $5,079 |
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
American Baptist Homes Of The Midwest Eden Prairie, MN | $108,679,922 | $74,595,606 |
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN | $328,963,538 | $77,981,814 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Sanford-Good Samaritan Community Health Services Llc Sioux Falls, SD | $42,246,559 | $49,986,329 |
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 |