Mayflower Homes Inc
- Assets
- $23.7m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 191
- Location
- Grinnell, IA
- Founding
- 02/1956
- Data as of
- 03/2022
- EIN
- 42-0727497
Organization Overview
Mayflower Homes Inc is located in Grinnell, IA. The organization was established in 1956. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 03/2023, Mayflower Homes Inc employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayflower 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 03/2022, Mayflower Homes Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $10.2m during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A VIBRANT, PURPOSEFUL, AND COMPASSIONATE COMMUNITY OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED NURSING CARE,ASSISTED LIVING, AND HOUSING THROUGH INDEPENDENT LIVING APARTMENTS AND HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kellie Mcgriff Admin/exec D | 40 | $105,331 | |
Jack Morrison Director Pla | 40 | $125,505 | |
Steven Langerud Executive Di | Officer | 40 | $112,138 |
Pam Vosburg Chief Financ | Officer | 40 | $100,520 |
Paige Carlson Treasurer | OfficerTrustee | 1 | $0 |
Jessica Dillon Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc Environmental | 3/30/23 | $799,967 |
Behle Inc Sewer Sytem | 3/30/23 | $200,613 |
Key Rehabilitation Therapy Company | 3/30/23 | $261,959 |
Rsm Us Llp Computer Suppor | 3/30/23 | $111,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $168,126 |
| Government grants | $63,402 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,867 |
| Total Program Service Revenue | $8,111,036 |
| Investment income | $670 |
| 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 | $8,598,573 |
| 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. | $209,237 |
| Compensation of current officers, directors, key employees. | $209,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,031,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $656,131 |
| Payroll taxes | $333,423 |
| Fees for services: Management | $0 |
| 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 | $520,280 |
| Advertising and promotion | $222,261 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,346,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $378,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,355,970 |
| Insurance | $194,258 |
| All other expenses | $0 |
| Total functional expenses | $10,239,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,464 |
| Savings and temporary cash investments | $24,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,208 |
| 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 | $203,981 |
| Net Land, buildings, and equipment | $22,805,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198,226 |
| Total assets | $23,673,082 |
| Accounts payable and accrued expenses | $1,158,744 |
| Grants payable | $0 |
| Deferred revenue | $19,484,264 |
| 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 | $8,845,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,125,143 |
| Total liabilities | $30,613,855 |
| Net assets without donor restrictions | -$7,283,378 |
| Net assets with donor restrictions | $342,605 |
| 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 | $23,673,082 |