Cause IQ organization profile

Lake Ridge Care Center

Program areas | Form 990s | Financials | Vendors | Peers

Lake Ridge Care Center is a nursing home based in Edina, MN that was founded in 2004. As of 2019 they had $7.4 million in revenue and $5.5 million in assets.

Surrounded by picturesque gardens and stunning Lake Buffalo, Lake Ridge Care Center offers a majestic setting to those who call it home. Both skilled nursing and assisted living options are offered on the Lake Ridge campus.

Previous legal names or variations of their name include: Lake Ridge Care Center Of Buffalo.

EIN:

20-0507069

City:

Edina

State:

Minnesota

Metro:

Minneapolis-St. Paul-Bloomington, MN-WI

Website:

lakeridgecarecenter.org

Phone:

(763) 404-4600

Founded:

2004

Type:

501(c)(3)

NTEE:

E91: Nursing and convalescent homes

Revenue:

$7,454,249

Assets:

$5,578,824

Employees:

222

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Lake Ridge Care Center

Lake Ridge Care Center of Buffalo, Inc. was organized for the purpose of providing nursing hom care for the elderly. It is located in Buffalo, Minnesota and had 56 beds in service in of the 56 beds, 5 units are dedicated to providing end-of-life care. During Lake Ridge nursing home had 17,681 resident days (86:5% occupancy) .. Utilization by payor Source was as follows: 57.1% Medicaid, 12:0% Medicare, 22.4% Private Pay and 8.5% HMO

Lake Ridge Assisted Living was organized for the purpose of operating an assisted living facility for the elderly. It has 27 units and is attached to the Lake Ridge nursing home During 2018 total resident days were 9,524 (96.6% OCCUPANCY

Form 990s for Lake Ridge Care Center

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Dec 17, 2019	990	View PDF
2016-12	Nov 16, 2017	990	View PDF
2014-12	Sep 1, 2015	990	View PDF
2013-12	Nov 5, 2014	990	View PDF
2012-12	Dec 12, 2013	990	View PDF
...and three more Form 990 PDFs

Financials for Lake Ridge Care Center

Field	2018
Federated campaigns	$0
Membership dues	$0
Fundraising event contributions	$0
Related organizations	$0
Government grants (contributions)	$0
Normal grants, contributions, etc.	$0
<em>Non-cash contributions included in above</em>
Total grants, contributions, etc.	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$7,450,729	$6,333,616	17.6%
Investment income and dividends	$1,190	$874	36.2%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$2,330	$2,796	-16.7%
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$170	-100%
Total revenues	$7,454,249	$6,337,456	17.6%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$3,702,514	$3,486,401	6.2%
Pension/retirement accruals and contributions	$72,627	$66,306	9.5%
Other employee benefits	$541,593	$535,422	1.2%
Payroll taxes	$275,921	$265,905	3.8%
Management fees	$290,807	$199,805	45.5%
Legal fees	$15,936	$23,613	-32.5%
Accounting fees	$6,200	$4,545	36.4%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$545,032	$539,210	1.1%
Advertising and promotion	$23,217	$27,585	-15.8%
Office expenses	$24,625	$24,239	1.6%
Information tech. expenses	$24,423	$21,289	14.7%
Royalty expenses	$0	$0
Occupancy	$183,614	$143,778	27.7%
Travel	$2,762	$2,045	35.1%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$9,376	$6,043	55.2%
Interest	$70,183	$68,528	2.4%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$399,323	$393,468	1.5%
Insurance	$24,727	$21,354	15.8%
All other expenses	$974,433	$812,388	19.9%
Total expenses	$7,187,313	$6,641,924	8.2%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$752,679	$934,882	-19.5%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$1,008,725	$686,479	46.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$11,866	$10,200	16.3%
Buildings, equipment, etc. post-depreciation	$3,557,192	$3,824,034	-7.0%
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$248,362	$285,340	-13.0%
Total assets	$5,578,824	$5,740,935	-2.8%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$610,173	$508,885	19.9%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$1,847,015	$1,945,736	-5.1%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$29,550	$44,911	-34.2%
Total liabilities	$2,486,738	$2,499,532	-0.5%

Field	2018	2017	% Change
Unrestricted net assets	$2,980,151	$3,108,862	-4.1%
Temporarily restricted net assets	$111,935	$132,541	-15.5%
Permanently restricted net assets	$0	$0

Vendors for Lake Ridge Care Center

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-09-15
████████ ███████	Marketing software		2020-09-15

Peer nursing and convalescent homes

	Name	Type	Revenue	Location
1	Rha Pennsylvania Nursing Homes	501(c)(3)	$11 million	West Chester, PA
2	Holy Trinity Nursing and Rehab Center	501(c)(3)	$10 million	Worcester, MA
3	Kin On	501(c)(3)	$13 million	Seattle, WA
4	Unlimited Faith	501(c)(3)	$3.0 million	Fort Worth, TX
5	Mother Hull Home	501(c)(3)	$4.4 million	Kearney, NE
6	The Gardens at Depugh Nursing Center	501(c)(3)	$3.8 million	Winter Park, FL
7	Bethel Nursing and Rehabilitation Center	501(c)(3)	$20 million	Crotononhudson, NY
8	St Barbara's Memorial Nursing Home	501(c)(3)	$5.9 million	Monongah, WV
9	Coffman Nursing Home	501(c)(3)	$6.3 million	Hagerstown, MD
10	Homeland Center	501(c)(3)	$35 million	Harrisburg, PA
11	St Joseph's Hospital Nursing Home of Yonkers NY	501(c)(3)	$5.1 million	Yonkers, NY
12	Sarah Ann Hester Memorial Home	501(c)(3)	$2.4 million	Benkelman, NE
13	Strand-Kjorsvig Living Center	501(c)(3)	$1.8 million	Roslyn, SD
14	Prompt Succor Nursing Home Nursing Facility	501(c)(3)	$7.9 million	Opelousas, LA
15	Calvert County Nursing Center	501(c)(3)	$12 million	Frederick, MD
16	Atoka Manor	501(c)(3)	$4.0 million	Atoka, OK
17	St Josephs Nursing Home Sisters Servants of Mary Immaculate	501(c)(3)	$4.2 million	Catonsville, MD
18	Saluda Nursing Center	501(c)(3)	$16 million	Saluda, SC
19	Grace Home	501(c)(3)	$2.7 million	Livingston, CA
20	St Anne Home	501(c)(3)	$16 million	Greensburg, PA
21	St Joseph Nursing Home of Utica	501(c)(3)	$7.9 million	Utica, NY
22	Odd Fellows Home of Massachusetts	501(c)(3)	$7.6 million	Worcester, MA
23	Mount Carmel Home	501(c)(3)	$6.3 million	Kearney, NE
24	Lafon Nursing Facility of the Holy Family	501(c)(3)	$8.2 million	New Orleans, LA
25	Courtland Gardens Nursing and REHABILITATION Center	501(c)(3)	$12 million	Baltimore, MD

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Cause IQ organization profile

Lake Ridge Care Center

Program areas at Lake Ridge Care Center

Form 990s for Lake Ridge Care Center

Financials for Lake Ridge Care Center

Vendors for Lake Ridge Care Center

Peer nursing and convalescent homes

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