Allina Health Restorative Suites
- Assets
- $16.2m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 141
- Location
- Minneapolis, MN
- Founding
- 05/2002
- Data as of
- 09/2023
- EIN
- 41-2017315
Organization Overview
Allina Health Restorative Suites is located in Minneapolis, MN. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Allina Health Restorative Suites employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allina Health Restorative Suites 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, Allina Health Restorative Suites generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $10.5m during the year ending 09/2023. While expenses have increased by 0.5% 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
PROVIDES CARE PLANS TO HELP PATIENTS TRANSITION FROM HOSPITAL STAYS BACK TO THEIR OWN HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 50 BED FACILITY PROVIDES CARE AND TREATMENT PLANS TO HELP PATIENTS TRANSITION FROM HOSPITAL STAYS BACK TO THEIR OWN HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Downing MD President | OfficerTrustee | 1 | $0 |
Colleen Holton Treasurer | OfficerTrustee | 1 | $0 |
Helen Strike Secretary | OfficerTrustee | 1 | $0 |
Daniel Lindh Board Chair/ceo - Thru 11/22 | OfficerTrustee | 1 | $0 |
Mark Meyer Sec/treas/cfo - Thru 11/22 | OfficerTrustee | 1 | $0 |
Duane Larson VP Operations -Board Member - Thru Nov 2022 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Management Fees | 9/29/23 | $223,611 |
Health Care Services Group Housekeeping Services | 9/29/23 | $180,041 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,230,915 |
| Government grants | $212,913 |
| 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 | $13,443,828 |
| Total Program Service Revenue | $9,520,466 |
| Investment income | -$5,996 |
| 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 | $23,273,253 |
| 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 | $5,436,663 |
| Pension plan accruals and contributions | $84,795 |
| Other employee benefits | $511,861 |
| Payroll taxes | $388,037 |
| Fees for services: Management | $329,785 |
| Fees for services: Legal | $38 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,263,942 |
| Advertising and promotion | $20,002 |
| Office expenses | $46,330 |
| Information technology | $70,329 |
| Royalties | $0 |
| Occupancy | $319,056 |
| Travel | $20,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,400 |
| Interest | $60,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703,005 |
| Insurance | $23,155 |
| All other expenses | $36,565 |
| Total functional expenses | $10,538,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,952 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,072,327 |
| 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 | $1,894 |
| Net Land, buildings, and equipment | $10,414,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,259,344 |
| Other assets | $14,440 |
| Total assets | $16,203,479 |
| Accounts payable and accrued expenses | $821,578 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $232,797 |
| Total liabilities | $1,054,375 |
| Net assets without donor restrictions | $15,149,104 |
| 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 | $16,203,479 |