Castle Ridge Care Center
- Assets
- $108.1m
- Revenue
- $19.9m
- Investments
- $5.6m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 12/1975
- Data as of
- 09/2023
- EIN
- 51-0171801
Organization Overview
Castle Ridge Care Center is located in Roseville, MN. The organization was established in 1975. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Ridge Care Center 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 09/2023, Castle Ridge Care Center generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $21.0m during the year ending 09/2023. While expenses have increased by 17.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASTLE RIDGE CARE CENTER, INC. OPERATES A 72 BED SKILLED NURSING FACILITY, 58 ASSISTED LIVING APARTMENTS WITH 18 SPECIFIC FOR MEMORY LOSS AND 148 INDEPENDENT LIVING APARTMENTS IN EDEN PRAIRIE, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh Board Chair/ceo | OfficerTrustee | 1 | $0 |
Mark Meyer Sec/treas/cfo | OfficerTrustee | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Duane Larson VP Affiliate Bd | Trustee | 1 | $0 |
Mark Pederson SVP Operations | Trustee | 1 | $0 |
Teresa Larson SVP Human Resources | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pathway Health Services Temporary Staffing | 9/29/17 | $124,540 |
Phs Management Llc Management Fee | 9/29/17 | $192,783 |
Pathway Health Services Temporary Staffing | 9/29/17 | $124,540 |
Phs Management Llc Management Fee | 9/29/17 | $192,783 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $593,652 |
| Government grants | $257,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,913 |
| Total Program Service Revenue | $18,679,082 |
| Investment income | $19,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,495 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,889,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,638 |
| 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 | $7,730,768 |
| Pension plan accruals and contributions | $143,014 |
| Other employee benefits | $654,390 |
| Payroll taxes | $576,226 |
| Fees for services: Management | $762,395 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,617 |
| Advertising and promotion | $162,636 |
| Office expenses | $149,651 |
| Information technology | $166,675 |
| Royalties | $0 |
| Occupancy | $1,698,156 |
| Travel | $11,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,707 |
| Interest | $3,298,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,321,641 |
| Insurance | $225,016 |
| All other expenses | $148,747 |
| Total functional expenses | $20,961,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,509,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $815,671 |
| 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 | $28,445 |
| Net Land, buildings, and equipment | $90,936,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,571,243 |
| Investments—program-related | $0 |
| Intangible assets | $2,265,717 |
| Other assets | $0 |
| Total assets | $108,126,373 |
| Accounts payable and accrued expenses | $3,108,806 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $79,780,000 |
| Escrow or custodial account liability | $12,948,202 |
| 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 | $13,594,908 |
| Total liabilities | $109,431,916 |
| Net assets without donor restrictions | -$1,305,543 |
| 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 | $108,126,373 |