Atrium Village Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 50
- Location
- Hills, IA
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 42-1143518
Organization Overview
Atrium Village Inc is located in Hills, IA. The organization was established in 1981. 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 12/2022, Atrium Village Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atrium Village 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 12/2022, Atrium Village Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ATRIUM VILLAGE IS DEDICATED TO PROVIDING THE HIGHEST QUALITY OF APARTMENT AND CARE CENTER LIVING FOR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE HIGHEST QUALITY OF CARE FOR THE RESIDENTS OF THE CARE FACILITY. THIS IS ACHIEVED BY A GROUP OF DEDICATED AND CARING EMPLOYEES ADDRESSING THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF THE RESIDENTS IN A RESPECTFUL, COMPASSIONATE MANNER IN WHICH THE RESIDENTS' WISHES DETERMINE THE CARE PROVIDED IN CONFORMANCE WITH STATE REGULATIONS, ENABLING THE RESIDENTS TO EXPERIENCE A HIGH LEVEL OF CONTROL AND WELL BEING.
TO PROVIDE A SAFE, SECURE, EMOTIONALLY SUPPORTIVE ENVIRONMENT FOR OUR APARTMENT RESIDENTS AND TO PROVIDE TASTY, NUTRITOUS MEALS, TWICE MONTHLY HOUSECLEANING AND OPPORTUNITIES FOR ENTERTAINMENT AND SOCIAL INTERACTIONS IN A HOME-LIKE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Sandberg President | OfficerTrustee | 1 | $0 |
Cathy Fitzmaurice-Hill Vice Preside | OfficerTrustee | 1 | $0 |
Dawn Allen Secretary | OfficerTrustee | 1 | $0 |
Mike Parker Director | Trustee | 1 | $0 |
Kelsey Redlinger Director | Trustee | 1 | $0 |
Larry Schott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,014 |
| Total Program Service Revenue | $1,544,579 |
| Investment income | $15,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,597,786 |
| 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. | $85,446 |
| Compensation of current officers, directors, key employees. | $16,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $754,754 |
| Pension plan accruals and contributions | $12,610 |
| Other employee benefits | $60,767 |
| Payroll taxes | $66,721 |
| 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 | $5,792 |
| Fees for services: Other | $375,091 |
| Advertising and promotion | $9,315 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,296 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,742,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751 |
| Savings and temporary cash investments | $104,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $567,129 |
| Investments—publicly traded securities | $734,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,406,960 |
| Accounts payable and accrued expenses | $55,545 |
| 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 | $35,088 |
| Total liabilities | $90,633 |
| Net assets without donor restrictions | $0 |
| 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 | $1,316,327 |
| Total liabilities and net assets/fund balances | $1,406,960 |