Valley Senior Living
- Assets
- $804.9k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 1,286
- Location
- Grand Forks, ND
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 45-0448164
Organization Overview
Valley Senior Living is located in Grand Forks, ND. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Valley Senior Living employed 1,286 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Senior Living 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 06/2022, Valley Senior Living generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 4.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT, NURSING, CHAPLAINCY AND OTHER SUPPORT SERVICES TO RELATED HEALTHCARE ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SUPPORT SERVICES INCLUDING THE FOLLOWING: ADMINISTRATION, FINANCE, IT, AND HUMAN RESOURCES. PROVIDING SERVICES TO RELATED ORGANIZATIONS, WHO COMBINED SERVE UP TO 523 RESIDENTS AND TENANTS ON A DAILY BASIS AND EMPLOYS OVER 800 EMPLOYEES.
SKILLED NURSING FACILITY SUPPORT SERVICES INCLUDING NURSING-ADMISSIONS, AND MEDICAL RECORDS FOR UP TO 334 SKILLED RESIDENTS A DAY.
TRANSPORTATION SERVICES ARE PROVIDED TO VALLEY HOMES AND SERVICES AND 4000 VALLEY SQUARE INC RESIDENTS FOR MEDICAL APPOINTMENTS, ACTIVITY OUTING AND OTHER TRANSPORTATION NEEDS ON REGULAR BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Rydland President/ceo | OfficerTrustee | 40 | $236,170 |
Lorilee Bott CFO | Officer | 40 | $158,376 |
Barb Barta Director Of Human Resources | Officer | 40 | $112,641 |
Margaret Reed Chair | OfficerTrustee | 0 | $0 |
Peter Hoistad Treasurer | OfficerTrustee | 0 | $0 |
Karen Brekke Secretary | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Industrial Contract Services General Contractor - Construction | 6/29/22 | $969,274 |
C&r Cleaners And Laundry Laundry Purchased Services | 6/29/22 | $347,890 |
Altru Health Systems Contracted Therapies And Chaplaincy Service For Valley Homes And Services And 4000 Valley Square Inc | 6/29/22 | $1,208,143 |
Tim Shea's Nursery Landscraping | 6/29/22 | $216,630 |
Networking Specialists It Managed Services | 6/29/22 | $396,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $128,860 |
| Government grants | $0 |
| 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 | $128,860 |
| Total Program Service Revenue | $3,367,576 |
| Investment income | $0 |
| 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 | $3,496,436 |
| 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. | $394,546 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,661,718 |
| Pension plan accruals and contributions | $109,591 |
| Other employee benefits | $331,414 |
| Payroll taxes | $147,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,326 |
| Fees for services: Accounting | $43,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,052 |
| Office expenses | $37,632 |
| Information technology | $57,077 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,015 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,628 |
| Insurance | $44,199 |
| All other expenses | $142,653 |
| Total functional expenses | $3,496,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,160 |
| 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 | $58,937 |
| Net Land, buildings, and equipment | $143,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,495 |
| Total assets | $804,854 |
| Accounts payable and accrued expenses | $404,989 |
| 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 | $382,435 |
| Total liabilities | $787,424 |
| Net assets without donor restrictions | $17,430 |
| 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 | $804,854 |
Grants Awarded
Over the last fiscal year, Valley Senior Living has awarded $5,629,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY HOMES AND SERVICESDBA VALLEY SENIOR LIVING ON COLUMBIA AND TUFTE MANOR Org PageRecipient ProfileGrand Forks, ND PURPOSE: To cover salary expenses during covered period on SBA PPP Forgiveness Application | $3,349,722 |
Grand Forks, ND PURPOSE: To cover salary expenses during covered period on SBA PPP Forgiveness Application. | $2,280,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Ndscs Foundation Wahpeton, ND | $50,662,223 | $6,003,050 |
Tee It Up For The Troops Inc Burnsville, MN | $1,448,737 | $2,614,727 |
South Dakota Partners In Education Sioux Falls, SD | $284,473 | $2,000,094 |
Lake Area Technical College Foundation Watertown, SD | $28,796,845 | $15,847,172 |
Wasie Foundation Wayzata, MN | $17,983,117 | $1,294,062 |