Castle Ridge Care Center
- Assets
- $112.4m
- Revenue
- $7.0m
- Investments
- $6.9m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 12/1975
- Data as of
- 09/2021
- 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 09/2021, Castle Ridge Care Center generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $7.3m during the year ending 09/2021. While expenses have increased by 3.3% per year over the past 6 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
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 60 BED SKILLED NURSING FACILITY AND A 22 BED ASSISTED LIVING UNIT IN EDEN PRAIRIE, MINNESOTA.DURING THE FISCAL YEAR THE ORGANIZATION CONTINUED CONSTRUCTION ON A REBUILD OF THE CAMPUS. THE PROJECT WILL CONSIST OF A 72 BED SKILLED NURSING FACILITY, 58 ASSISTED LIVING APARTMENTS WITH 18 SPECIFIC FOR MEMORY LOSS AND 148 INDEPENDENT LIVING APARTMENTS. THE PROJECT OPENED OCTOBER 2021.
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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 |
Duane Larson SVP Operations | Trustee | 1 | $0 |
Teresa Larson SVP Human Resources | 1 | $0 | |
Jonathan Fletcher VP Development | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/17 | $192,783 |
Pathway Health Services Temporary Staffing | 9/29/17 | $124,540 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $555,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,810 |
| Total Program Service Revenue | $6,349,105 |
| Investment income | $14,741 |
| 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 | $7,023,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,018 |
| 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 | $4,231,154 |
| Pension plan accruals and contributions | $86,775 |
| Other employee benefits | $493,624 |
| Payroll taxes | $294,203 |
| Fees for services: Management | $186,459 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,275 |
| Advertising and promotion | $373,775 |
| Office expenses | $39,131 |
| Information technology | $88,317 |
| Royalties | $0 |
| Occupancy | $190,546 |
| Travel | $7,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $739 |
| Interest | $92,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $691 |
| Insurance | $69,331 |
| All other expenses | $0 |
| Total functional expenses | $7,268,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,588,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $595,203 |
| 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 | $15,454 |
| Net Land, buildings, and equipment | $97,217,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,892,911 |
| Investments—program-related | $0 |
| Intangible assets | $57,584 |
| Other assets | $0 |
| Total assets | $112,367,866 |
| Accounts payable and accrued expenses | $8,173,065 |
| Grants payable | $0 |
| Deferred revenue | $75,009 |
| Tax-exempt bond liabilities | $86,650,000 |
| Escrow or custodial account liability | $4,824,220 |
| 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 | $13,157,015 |
| Total liabilities | $112,879,309 |
| Net assets without donor restrictions | -$511,443 |
| 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 | $112,367,866 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Castle Ridge Care Center has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Presbyterian Homes Foundation Roseville, MN PURPOSE: FURTHER EXEMPT PURPOSE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Regional Care Center Inc Duluth, MN | $17,149,445 | $20,614,667 |
Solutions Behavioral Health Care Professionals Pc Moorhead, MN | $16,450,414 | $22,275,136 |
Lakeland Mental Health Center Incorporated Fergus Falls, MN | $24,562,149 | $17,385,019 |
Abbe Center For Community Mental Health Inc Hiawatha, IA | $10,427,537 | $16,597,605 |
Eyerly-Ball Community Mental Health Services Des Moines, IA | $8,261,585 | $17,395,872 |
Woodland Centers Willmar, MN | $7,146,644 | $13,707,405 |
Vera French Community Mental Health Davenport, IA | $14,246,508 | $15,968,110 |
Plains Area Mental Health Inc Le Mars, IA | $5,548,089 | $12,632,094 |
Lewis & Clark Behavioral Health Services Inc Yankton, SD | $15,652,431 | $13,689,961 |
Range Mental Health Center Virginia, MN | $8,316,555 | $11,325,675 |
Northwest Iowa Mental Health Center Spencer, IA | $7,209,358 | $11,464,810 |
Hiawatha Valley Mental Health Center Winona, MN | $11,094,821 | $9,931,356 |