Souris Valley Care Center Inc
- Assets
- $2.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 92
- Location
- Velva, ND
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 45-0343518
Organization Overview
Souris Valley Care Center Inc is located in Velva, ND. The organization was established in 1980. 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, Souris Valley Care Center Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souris Valley Care Center 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 12/2021, Souris Valley Care Center Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
44 BED SKILLED NURSING CARE FACILITY AND 16 UNIT ASSISTED LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG-TERM CARE AND ASSISTED LIVING FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Liz Davis Secretary | OfficerTrustee | 0.5 | $0 |
Larry Lee President | OfficerTrustee | 0.5 | $0 |
Valerie Heisler Director | Trustee | 0.5 | $0 |
David Kramer Director | Trustee | 0.5 | $0 |
Bonnie Thom Director | Trustee | 0.5 | $0 |
Dan Flaherty Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $283,607 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,288 |
| Total Program Service Revenue | $3,957,390 |
| Investment income | $1,683 |
| 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 | $85,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,378,856 |
| 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 | $2,093,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $424,690 |
| Payroll taxes | $153,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $961,459 |
| Advertising and promotion | $7,863 |
| Office expenses | $13,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,001 |
| Travel | $25,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,781 |
| Insurance | $57,449 |
| All other expenses | $12,455 |
| Total functional expenses | $4,635,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,073 |
| Savings and temporary cash investments | $34,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,497 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,560 |
| Prepaid expenses and deferred charges | $38,602 |
| Net Land, buildings, and equipment | $1,522,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,628,371 |
| Accounts payable and accrued expenses | $352,002 |
| Grants payable | $0 |
| Deferred revenue | $6,321 |
| 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 | $90,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,271 |
| Total liabilities | $504,575 |
| Net assets without donor restrictions | $2,002,583 |
| Net assets with donor restrictions | $121,213 |
| 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 | $2,628,371 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Souris Valley Care Center Inc has recieved totaling $25,005.
| Awarding Organization | Amount |
|---|---|
St Josephs Community Health Foundation 06-25-98 Minot, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $15,000 |
Frank L Wedge Memorial Fund Milwaukee, WI PURPOSE: GENERAL OPERATING | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |
Lake Region Lutheran Home Incorporated Moorhead, MN | $11,403,098 | $16,257,793 |
Hendricks Community Hospital Assn & Retirement Home Hendricks, MN | $23,986,558 | $15,908,910 |
Guardian Angels Health Services Inc Elk River, MN | $14,211,394 | $16,994,748 |