Manhattan Retirement Foundation Inc
- Assets
- $82.2m
- Revenue
- $27.6m
- Investments
- $0.0
- Employees
- 753
- Location
- Manhattan, KS
- Founding
- 04/1976
- Data as of
- 06/2022
- EIN
- 48-0830076
Organization Overview
Manhattan Retirement Foundation Inc is located in Manhattan, KS. The organization was established in 1976. 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 06/2022, Manhattan Retirement Foundation Inc employed 753 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan Retirement Foundation 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 06/2022, Manhattan Retirement Foundation Inc generated $27.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $28.9m during the year ending 06/2022. While expenses have increased by 4.3% 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
WE ARE COMMITTED TO ENHANCING THE QUALITY OF LIFE BY NURTURING INDIVIDUALITY, INDEPENDENCE, VALUES, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE: FOLLOWING MEADOWLARK'S NATIONALLY RECOGNIZED HOUSEHOLD MODEL, THESE HOUSES ARE DESIGNED TO OFFER THE FREEDOM, PRIVACY AND CONNECTIVITY OF HOME TO RESIDENTS WHO NEED ROUND-THE-CLOCK SKILLED NURSING CARE. OF THE 133 LICENSED BEDS, APPROXIMATELY 48% ARE OCCUPIED BY RESIDENTS RECEIVING MEDICAID BENEFITS, 9% RECEIVING MEDICARE A BENEFITS AND 43% PRIVATE PAY. TOTAL OCCUPANCY FOR FY22 WAS 92.0%.
INDEPENDENT LIVING: INDEPENDENT LIVING OPTIONS RANGE FROM SPACIOUS COTTAGES WITH ROOM FOR OUTDOOR ENTERTAINING TO A STUDIO APARTMENT. FOR FY22, 167 APARTMENTS AND DUPLEXES WERE AVAILABLE AND HAD A TOTAL OCCUPANCY OF 89.2%.
HOME HEALTH: MEADOWLARK'S HOME HEALTH SERVICES ALLOW YOU TO RECEIVE QUALITY MEDICAL CARE WHILE MAINTAINING THE GREATEST LEVEL OF INDEPENDENCE POSSIBLE. NURSES AND HOME HEALTH AIDES CAN ADDRESS YOUR HEALTH ISSUES IN THE COMFORT OF YOUR OWN HOME. THE ORGANIZATION OPERATED 2 8-BED HOME PLUS ASSISTED LIVING AND MEMORY CARE FACILITIES THROUGH OCTOBER 2020. IN NOVEMBER 2020, THE ORGANIZATION CLOSED 1 OF THE 8-BED HOME PLUS FACILITIES. THESE FACILITIES FOCUS ON PROVIDING INDIVIDUALIZED CARE FOR SENIORS WITH DEMENTIA OR SOME FORM OF MEMORY LOSS IN A HOME SETTING. TOTAL OCCUPANCY FOR FY22 WAS 98.2%
ASSISTED LIVING: IN MEADOWLARK'S ASSISTED LIVING HOUSEHOLDS, TYPICAL CHORES SUCH AS HOUSEKEEPING AND LINEN SERVICE ARE TAKEN CARE OF SO YOU CAN ENJOY YOURSELF AND YOUR TIME. MEANWHILE, AROUND-THE-CLOCK STAFF GIVES YOU AND YOUR FAMILY PEACE OF MIND, ALLOWING YOU TO MAINTAIN BOTH YOUR SAFETY AND QUALITY OF LIFE. FOR FY22, 38 ASSISTED LIVING APARTMENTS WITH 46 LICENSED BEDS WERE AVAILABLE. TOTAL OCCUPANCY FOR THE YEAR WAS 96.3%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lonnie Baker Chief Executive Officer | Officer | 35 | $346,424 |
Chris Nelson Finance Director | Officer | 35 | $186,146 |
Annie Peace Health Services Director | 40 | $167,397 | |
Jennifer Schoenhofer Director Of Nursing | 40 | $129,849 | |
Mike Davis Environmental Services Lead | 40 | $120,990 | |
Jayme Minton Support Services Director | 40 | $116,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bhs Construction Construction Services | 6/29/22 | $3,328,479 |
Summit Care Inc Contract Therapy | 6/29/22 | $1,232,322 |
Sfcs Inc Contract Architect | 6/29/22 | $502,692 |
Brewster Place Contract Therapy | 6/29/22 | $208,382 |
Cool Enterprises Lawncare And Snow Removal Services | 6/29/22 | $116,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $121,854 |
| Government grants | $351,815 |
| 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 | $473,669 |
| Total Program Service Revenue | $25,906,870 |
| Investment income | $73,781 |
| Tax Exempt Bond Proceeds | $25,392 |
| Royalties | $0 |
| Net Rental Income | $5,191 |
| Net Gain/Loss on Asset Sales | -$9,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,634 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,640,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,349 |
| 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. | $583,928 |
| Compensation of current officers, directors, key employees. | $462,614 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,325,128 |
| Pension plan accruals and contributions | $149,213 |
| Other employee benefits | $1,048,520 |
| Payroll taxes | $899,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,992 |
| Fees for services: Accounting | $92,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,854,813 |
| Advertising and promotion | $254,945 |
| Office expenses | $2,026,722 |
| Information technology | $387,167 |
| Royalties | $0 |
| Occupancy | $1,042,380 |
| Travel | $174,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,383,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,301,308 |
| Insurance | $284,582 |
| All other expenses | $244,791 |
| Total functional expenses | $28,922,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,545 |
| Savings and temporary cash investments | $9,210,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,830,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $409,573 |
| Prepaid expenses and deferred charges | $357,444 |
| Net Land, buildings, and equipment | $44,367,419 |
| Investments—publicly traded securities | $24,055,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $480,330 |
| Other assets | $460,657 |
| Total assets | $82,175,251 |
| Accounts payable and accrued expenses | $2,563,855 |
| Grants payable | $0 |
| Deferred revenue | $304,237 |
| Tax-exempt bond liabilities | $70,206,898 |
| Escrow or custodial account liability | $7,044 |
| 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 | $16,942,359 |
| Total liabilities | $90,024,393 |
| Net assets without donor restrictions | -$7,849,142 |
| 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 | $82,175,251 |
Grants Awarded
Over the last fiscal year, Manhattan Retirement Foundation Inc has awarded $60,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan, KS PURPOSE: CHAMBER ADVANTAGE MANHATTAN CAMPAIGN | $50,000 |
NEW BOSTON CREATIVE GROUP LLC PURPOSE: SUPPORT FOR ALZHEIMER'S RESEARCH AND TREATMENT | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manhattan Retirement Foundation Inc has recieved totaling $241.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Living Bethlehem Woods Village St Louis, MO | $54,923,098 | $70,603,895 |
Tabitha Inc Lincoln, NE | $67,996,914 | $63,902,168 |
Citizens Memorial Health Care Foundation Bolivar, MO | $45,218,977 | $63,247,284 |
The Childrens Center Inc Bethany, OK | $87,016,749 | $61,518,588 |
Wisconsin Illinois Senior Housing Inc Lakewood, CO | $74,404,734 | $62,323,598 |
Ascension Michigan Cmg St Louis, MO | $10,296,135 | $49,102,663 |
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Franciscan Care Services Inc West Point, NE | $100,320,154 | $47,622,735 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Willow Health Care Inc Willow Springs, MO | $35,651,940 | $30,612,109 |
Manhattan Retirement Foundation Inc Manhattan, KS | $82,175,251 | $27,640,240 |