Cause IQ organization profile

Redeemer Residence

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

Redeemer Residence is a adult education center based in Edina, MN that was founded in 1949. As of 2019 they had $8.4 million in revenue and $5.7 million in assets.

Previous legal names or variations of their name include: Redeemer Health And Rehab Center.

EIN:

41-0711597

City:

Edina

State:

Minnesota

Metro:

Minneapolis-St. Paul-Bloomington, MN-WI

Founded:

1949

Type:

501(c)(3)

NTEE:

B60: Adult education and ESL centers

Revenue:

$8,418,833

Assets:

$5,716,465

Employees:

164

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at Redeemer Residence

Redeemer Residence, Inc. was organized for the purpose of providing nursing home care for the elderly. It is located in Minneapolis, Minnesota and had 119 beds in service in During 2018 Redeemer had 31,696 resident days (73.0% occupancy). Utilization by payor source was as follows: 86.5% Medicaid, 4.7% Medicare, 7.0% Private Pay and 1.8% HMO

Form 990s for Redeemer Residence

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Dec 17, 2019	990	View PDF
2017-12	Feb 13, 2019	990	View PDF
2016-12	Nov 16, 2017	990	View PDF
2014-12	Sep 1, 2015	990	View PDF
2013-12	Nov 10, 2014	990	View PDF
...and four more Form 990 PDFs

Financials for Redeemer Residence

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	$8,332,774	$8,053,280	3.5%
Investment income and dividends	$20,461	$22,876	-10.6%
Tax-exempt bond proceeds	$10,718	$2,418	343.3%
Royalty revenue	$0	$0
Net rental income	$1,565	$2,050	-23.7%
Net gain from sale of non-inventory assets	$53,315	$97,674	-45.4%
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	$0
Total revenues	$8,418,833	$8,178,298	2.9%

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	$36,576	$0	999%
Non-officer salaries and wages	$4,294,319	$4,625,483	-7.2%
Pension/retirement accruals and contributions	$86,008	$93,297	-7.8%
Other employee benefits	$628,534	$640,083	-1.8%
Payroll taxes	$328,581	$370,950	-11.4%
Management fees	$326,628	$326,269	0.1%
Legal fees	$11,850	$30,706	-61.4%
Accounting fees	$8,311	$6,076	36.8%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$8,028	$11,787	-31.9%
Other fee-for-service	$502,118	$404,398	24.2%
Advertising and promotion	$27,887	$22,006	26.7%
Office expenses	$48,758	$35,001	39.3%
Information tech. expenses	$27,843	$25,397	9.6%
Royalty expenses	$0	$0
Occupancy	$227,437	$223,596	1.7%
Travel	$1,750	$938	86.6%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$2,596	$1,275	103.6%
Interest	$123,728	$139,433	-11.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$301,473	$295,308	2.1%
Insurance	$37,446	$29,435	27.2%
All other expenses	$1,232,245	$1,265,066	-2.6%
Total expenses	$8,262,116	$8,546,504	-3.3%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$144,568	$117,182	23.4%
Savings, short-term investments, etc.	$0	$40,029	-100%
Pledges and grants receivable	$0	$0
Accounts receivable	$991,726	$838,178	18.3%
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	$18,900	$17,600	7.4%
Buildings, equipment, etc. post-depreciation	$2,929,160	$3,128,827	-6.4%
Investments, publicly traded securities	$703,215	$885,071	-20.5%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$928,896	$887,656	4.6%
Total assets	$5,716,465	$5,914,543	-3.3%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$548,947	$550,648	-0.3%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$1,994,355	$2,245,234	-11.2%
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	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$139,475	$247,844	-43.7%
Total liabilities	$2,682,777	$3,043,726	-11.9%

Field	2018	2017	% Change
Unrestricted net assets	$2,927,668	$2,775,388	5.5%
Temporarily restricted net assets	$106,020	$95,429	11.1%
Permanently restricted net assets	$0	$0

Vendors for Redeemer Residence

Vendor	Services	Date
25	I	2019-12-17
██		2019-12-17
█████████	Content management system software	2019-09-29
████████ ███████	Marketing software	2019-09-29

Peer adult education and esl centers

	Name	Type	Revenue	Location
1	Minnesota Literacy Council	501(c)(3)	$4.8 million	St Paul, MN
2	Arrowhead Senior Living Community	501(c)(3)	$12 million	Cambridge, MN
3	Hospice of the Twin Cities	501(c)(3)	$3.8 million	Minneapolis, MN
4	PHS Westhealth	501(c)(3)	$11 million	Roseville, MN
5	St Olaf Residence	501(c)(3)	$7.4 million	Minneapolis, MN
6	Minnewaska Lutheran Home	501(c)(3)	$4.2 million	Starbuck, MN
7	Lake Ridge Care Center	501(c)(3)	$7.4 million	Edina, MN
8	Maranatha Conservative Baptist Home	501(c)(3)	$10 million	Roseville, MN
9	Seasons Hospice	501(c)(3)	$7.1 million	Rochester, MN
10	Prairie Home Hospice	501(c)(3)	$2.1 million	Marshall, MN
11	Seminary Home	501(c)(3)	$5.8 million	Cambridge, MN
12	Park View Care Center	501(c)(3)	$11 million	Buffalo, MN
13	Our Lady of Peace	501(c)(3)	$8.0 million	St Paul, MN
14	Grace Hospice	501(c)(3)	$8.5 million	Minneapolis, MN
15	Mission Farm Nursing Home	501(c)(3)	$7.3 million	Plymouth, MN
16	Jones-Harrison Residence Corporation	501(c)(3)	$18 million	Minneapolis, MN
17	Sauer Health Care (SHC)	501(c)(3)	$5.8 million	Winona, MN
18	Village Assisted Living	501(c)(3)	$2.5 million	Edina, MN
19	N. C. Little Memorial Hospice	501(c)(3)	$2.1 million	Edina, MN
20	Villa St. Vincent	501(c)(3)	$12 million	Crookston, MN
21	Tekakwitha Living Center	501(c)(3)	$3.8 million	Cambridge, MN
22	Casas - Comprehensive Adult Student Assessment Systems	501(c)(3)	$7.4 million	San Diego, CA
23	The Highlander Institute	501(c)(3)	$2.9 million	Providence, RI
24	Northeast Kingdom Learning Services	501(c)(3)	$2.8 million	Newport, VT
25	Einstein Community Health Associates	501(c)(3)	$31 million	Philadelphia, PA

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Cause IQ organization profile

Redeemer Residence

Program areas at Redeemer Residence

Form 990s for Redeemer Residence

Financials for Redeemer Residence

Vendors for Redeemer Residence

Peer adult education and esl centers

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