City Of Lakes Care Center
- Assets
- $14.2m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 264
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 41-1985663
Organization Overview
City Of Lakes Care Center, operating under the name Benedictine Living Community - Minneapolis, is located in Minneapolis, MN. The organization was established in 1946. 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 06/2022, Benedictine Living Community - Minneapolis employed 264 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine Living Community - Minneapolis 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 06/2022, Benedictine Living Community - Minneapolis generated $11.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. While expenses have increased by 1.2% 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.
Since 2015, Benedictine Living Community - Minneapolis has awarded 12 individual grants totaling $2,999,644. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WITNESS GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BENEDICTINE LIVING COMMUNITY - MINNEAPOLIS, IS A 95 BED LONG-TERM CARE IN MINNEAPOLIS, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 77.5% OCCUPANCY AND SERVED 124 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Tia Bowe Vp Of Bhs Director (through March 2022) | Trustee | 1 | $0 |
Ngozi Imbu Nurse | 40 | $116,887 | |
Steve Jobe Executive Director (through February 2022) | Officer | 40 | $0 |
Barbara Hylle Director Of Nursing | 40 | $115,809 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cura Hospitality Llc Culinary Services | 6/29/22 | $636,576 |
Benedictine Health System Management Services | 6/29/22 | $699,817 |
Securitas Security Services Inc Security Services | 6/29/22 | $120,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $69,737 |
| Government grants | $359,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,136 |
| Total Program Service Revenue | $11,205,216 |
| Investment income | $3,077 |
| 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 | $11,934,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,823 |
| Grants and other assistance to domestic individuals. | $32,040 |
| 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 | $6,411,881 |
| Pension plan accruals and contributions | $131,516 |
| Other employee benefits | $467,942 |
| Payroll taxes | $482,457 |
| Fees for services: Management | $699,817 |
| Fees for services: Legal | $7,731 |
| Fees for services: Accounting | $15,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $794,142 |
| Advertising and promotion | $22,532 |
| Office expenses | $54,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $422,003 |
| Travel | $7,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,418 |
| Insurance | $105,615 |
| All other expenses | $75,998 |
| Total functional expenses | $11,540,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,249,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,098,053 |
| 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 | $11,234 |
| Net Land, buildings, and equipment | $4,058,419 |
| Investments—publicly traded securities | $2,128,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,626,420 |
| Total assets | $14,171,635 |
| Accounts payable and accrued expenses | $682,304 |
| Grants payable | $0 |
| Deferred revenue | $92,034 |
| Tax-exempt bond liabilities | $1,840,764 |
| Escrow or custodial account liability | $81,428 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,373 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,514 |
| Total liabilities | $2,723,417 |
| Net assets without donor restrictions | $11,347,546 |
| Net assets with donor restrictions | $100,672 |
| 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 | $14,171,635 |
Grants Awarded
Over the last fiscal year, City Of Lakes Care Center has awarded $352,823 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE FOUNDATION PURPOSE: FOUNDATION EXPENSES | $29,954 |
BENEDICTINE HEALTH SYSTEM PURPOSE: CAPITAL FUND/SUPPORT | $34,140 |
BENEDICTINE LIVING COMMUNITIES INC PURPOSE: STRATEGIC CAPITAL | $288,729 |