Chosen Valley Care Center Inc
- Assets
- $21.7m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 201
- Location
- Chatfield, MN
- Founding
- 02/1978
- Data as of
- 09/2023
- EIN
- 41-1272572
Organization Overview
Chosen Valley Care Center Inc is located in Chatfield, MN. The organization was established in 1978. 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 09/2023, Chosen Valley Care Center Inc employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chosen Valley Care 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 09/2023, Chosen Valley Care Center Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $10.1m during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 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
CHOSEN VALLEY CARE CENTER, INC. PROVIDES HOUSING AND NURSING CARE TO THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHOSEN VALLEY CARE CENTER, INC. (THE CARE CENTER) IS A NONPROFIT CORPORATION WHICH OWNS AND OPERATES A 78-BED LICENSED NURSING FACILITY, A 15-UNIT RETIREMENT APARTMENT RESIDENCE, AND A 20-UNIT ASSISTED LIVING FACILITY LOCATED IN CHATFIELD, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Thieke President | OfficerTrustee | 0.5 | $0 |
Mary L Allen Vice President | OfficerTrustee | 0.5 | $0 |
Mary Patten Treasurer | OfficerTrustee | 0.5 | $0 |
Allison Allen Director | Trustee | 0.5 | $0 |
Dan Hurley Director | Trustee | 0.5 | $0 |
Laure Maki Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Inc Therapy Services | 9/29/23 | $524,732 |
Cassia Business Services | 9/29/23 | $141,041 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $405,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,739 |
| Total Program Service Revenue | $10,068,864 |
| Investment income | $64,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $10,565,183 |
| 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. | $177,054 |
| Compensation of current officers, directors, key employees. | $177,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,892,301 |
| Pension plan accruals and contributions | $59,650 |
| Other employee benefits | $730,091 |
| Payroll taxes | $380,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,759 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255,056 |
| Advertising and promotion | $9,469 |
| Office expenses | $588,280 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,550 |
| Travel | $4,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,294 |
| Interest | $593,541 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731,684 |
| Insurance | $108,817 |
| All other expenses | $111,952 |
| Total functional expenses | $10,060,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,023,684 |
| Savings and temporary cash investments | $539,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,236,679 |
| 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 | $42,257 |
| Net Land, buildings, and equipment | $13,882,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $941,316 |
| Total assets | $21,665,316 |
| Accounts payable and accrued expenses | $1,248,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,798,640 |
| Escrow or custodial account liability | $55,056 |
| 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 | $0 |
| Total liabilities | $14,102,422 |
| Net assets without donor restrictions | $7,562,894 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,665,316 |