Aase Haugen Homes Inc
- Assets
- $4.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 153
- Location
- Decorah, IA
- Founding
- 10/1961
- Data as of
- 12/2020
- EIN
- 42-0680299
Organization Overview
Aase Haugen Homes Inc is located in Decorah, IA. The organization was established in 1961. 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, Aase Haugen Homes Inc employed 153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aase Haugen Homes 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 12/2020, Aase Haugen Homes Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.7m during the year ending 12/2020. 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
PROVIDING A CONTINUUM OF CARE IN A CHRISTIAN ENVIRONMENT WHICH NURTURES THE BODY, MIND AND SOUL, LEADING TO HEALING AND HOPE FOR ALL WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A CONTINING CARE RETIREMENT COMMUNITY THAT PROVIDED CARE TO NURSING HOME RESIDENTS AND RESIDENTS IN ASSISTED LIVING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orson Bauder Executive Director | Officer | 32 | $104,647 |
Steve Langland President | OfficerTrustee | 2 | $0 |
Kari Rude Vice-President | OfficerTrustee | 2 | $0 |
Wanda Askelson Secretary | OfficerTrustee | 2 | $0 |
James Ulring Treasurer | OfficerTrustee | 2 | $0 |
Rebecca Hanna Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Winneshiek Medical Center Health Services | 12/30/21 | $151,792 |
Continuum Healthcare Services Management And Admin | 12/30/21 | $340,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,854 |
| Government grants | $1,446,991 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,564 |
| Total Program Service Revenue | $6,197,305 |
| Investment income | $5,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,131 |
| 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 | $7,675,928 |
| 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. | $114,333 |
| Compensation of current officers, directors, key employees. | $114,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,176,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $323,708 |
| Payroll taxes | $250,513 |
| Fees for services: Management | $220,491 |
| Fees for services: Legal | $0 |
| 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 | $915,897 |
| Advertising and promotion | $19,529 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,906 |
| Insurance | $89,953 |
| All other expenses | $0 |
| Total functional expenses | $6,664,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,501,995 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,879 |
| Prepaid expenses and deferred charges | $62,208 |
| Net Land, buildings, and equipment | $2,246,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,767 |
| Total assets | $4,506,985 |
| Accounts payable and accrued expenses | $494,620 |
| 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 | $871,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,365,658 |
| Net assets without donor restrictions | $2,934,815 |
| Net assets with donor restrictions | $206,512 |
| 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 | $4,506,985 |
Endowment Analysis
| Beg. Balance | $96,947 |
| Earnings | -$11,928 |
| Ending Balance | $85,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
St Patrick Residence Naperville, IL | $29,023,475 | $20,568,774 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Holy Family Villa Palos Park, IL | $17,637,306 | $12,934,325 |