St Olaf Residence was a senior residential care facility based in Minneapolis, MN that was founded in 1962. As of 2015 they had $7.4 million in revenue and $4.0 million in assets.They are a child organization of Evangelical Lutheran Church in America.
Drawing upon our Christian heritage, the mission of st. olaf residence is to provide quality housing, health care and supportive services with dignity and respect to those who need them.under the leadership of the board of directors, we will be financ...
St Olaf Residence appears to no longer be active. It has probably been dissolved or terminated. The IRS revoked this organization's federal tax exemption on Feb. 15, 2019, for not filing a Form 990-series annual return or notice for three consecutive tax years.
EIN:
41-0878215
City:
State:
Facebook:
Founded:
1962
Type:
501(c)(3)
NTEE:
Revenue:
$7,482,583
Assets:
$4,098,843
Employees:
184
Fiscal year end:
September
Program areas at St Olaf Residence
St. olaf residence, inc. (st. olaf) provides quality housing, health care, and supportive services with dignity and respect to those who need them. Under the leadership of the volunteer board of directors, st. olaf residence, inc. Operates st. olaf residence, a 80-bed skilled nursing facility and north oaks on emerson, an attached 48-unit assisted living facility. Each facility provides 24 hour care 7 days a week. The skilled nursing facility provided 22,191 resident days of care for this fiscal year of october through september 2015.north oaks on emerson, our assisted living facility, provided over $3,300.00 in charity care services to the clients residing in the building. St. olaf's dietary department caters meals for the northside meals on wheels program which distributes, on average, 2,645 meals per month. These meals are distributed to home-bound residents within our community. Meals on wheels did close its doors permanently as of may 31, 2015.
Form 990s for St Olaf Residence
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2015-09 | Dec 14, 2016 | 990 | View PDF |
| 2014-09 | Sep 16, 2015 | 990 | View PDF |
| 2013-09 | Oct 1, 2014 | 990 | View PDF |
| 2012-09 | Apr 3, 2014 | 990 | View PDF |
| 2012-09 | Dec 9, 2013 | 990 | View PDF |
| ...and two more Form 990 PDFs |
Financials for St Olaf Residence
| Field | 2015 | 2014 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $44,006 | $8,123 | 441.7% |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $44,006 | $8,123 | 441.7% |
| Field | 2015 | 2014 | % Change |
|---|
| Total grants, contributions, etc. | $44,006 | $8,123 | 441.7% |
| Program services | $5,819,398 | $7,441,271 | -21.8% |
| Investment income and dividends | $9,933 | $8,015 | 23.9% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $34,894 | $-29,432 | 218.6% |
| 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 | $1,574,352 | $0 | 999% |
| Total revenues | $7,482,583 | $7,427,977 | 0.7% |
| Field | 2015 | 2014 | % 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 | $2,978,303 | $3,304,238 | -9.9% |
| Pension/retirement accruals and contributions | $17,304 | $18,038 | -4.1% |
| Other employee benefits | $240,650 | $246,342 | -2.3% |
| Payroll taxes | $234,478 | $279,698 | -16.2% |
| Management fees | $370,000 | $168,333 | 119.8% |
| Legal fees | $10,998 | $0 | 999% |
| Accounting fees | $17,481 | $30,971 | -43.6% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $670,415 | $796,443 | -15.8% |
| Advertising and promotion | $11,108 | $18,361 | -39.5% |
| Office expenses | $251,808 | $556,524 | -54.8% |
| Information tech. expenses | $29,388 | $0 | 999% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $322,879 | $307,565 | 5.0% |
| Travel | $5,233 | $4,025 | 30.0% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $46,945 | $17,984 | 161.0% |
| Interest | $215,922 | $231,338 | -6.7% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $279,988 | $282,086 | -0.7% |
| Insurance | $41,590 | $67,462 | -38.4% |
| All other expenses | $1,588,543 | $1,356,892 | 17.1% |
| Total expenses | $7,333,033 | $7,686,300 | -4.6% |
| Field | 2015 | 2014 | % Change |
|---|
| Cash (non-interest-bearing) | $0 | $0 | |
| Savings, short-term investments, etc. | $127,764 | $0 | 999% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $1,380,574 | $1,441,990 | -4.3% |
| 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 | $16,299 | $41,837 | -61.0% |
| Buildings, equipment, etc. post-depreciation | $2,029,396 | $2,270,977 | -10.6% |
| Investments, publicly traded securities | $381,908 | $355,244 | 7.5% |
| Investments, other securities | $18,411 | $74,593 | -75.3% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $144,491 | $156,955 | -7.9% |
| Total assets | $4,098,843 | $4,341,596 | -5.6% |
| Field | 2015 | 2014 | % Change |
|---|
| Accounts payable and accrued expenses | $1,119,223 | $1,238,044 | -9.6% |
| Grants payable | $0 | $0 | |
| Deferred revenue | | $37,929 | 91.6% |
| Tax-exempt bond liabilities | $3,495,000 | $3,590,000 | -2.6% |
| Escrow or custodial account liability | $28,807 | $35,767 | -19.5% |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $38,846 | $58,986 | -34.1% |
| Unsecured notes and loans payable to unrelated third parties | $0 | | |
| Other liabilities | $40,628 | $125,145 | -67.5% |
| Total liabilities | $4,722,504 | $5,085,871 | -7.1% |
| Field | 2015 | 2014 | % Change |
|---|
| Unrestricted net assets | $-623,661 | $-771,521 | 19.2% |
| Temporarily restricted net assets | $0 | $27,246 | -100% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for St Olaf Residence
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2018-10-12 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2018-10-12 |
| ████ ██████ ███ | Tax accounting | | 2016-08-10 |
| ██████ ██████████ ██████████ ███ | Management Services | $387,915 | 2015-09-01 |
| ███ ███████ █████ | Dietary Services | $642,212 | 2015-09-01 |
Personnel at St Olaf Residence
| Name | Title | Compensation | Most recent data |
|---|
| Dale Hulme | Treasurer | $0 | Dec. 14, 2016 |
| Steve Lohman | Vice President | $0 | Sept. 30, 2015 |
| ████ ███ █████ | Administrator | $0 | Sept. 30, 2015 |
| ███████ ████████ | Secretary | $0 | Sept. 30, 2015 |
| █████ ███████ | Administrator | $0 | Sept. 30, 2015 |
| ██ ████████ | President | $0 | Sept. 30, 2015 |
| ███ ███████ | Vice President | $0 | Sept. 30, 2015 |
| █████ ██████ | President | $0 | Sept. 30, 2014 |
Peer senior supportive residential care facilities
| | Name | Type | Revenue | Location |
|---|
| 1 | Artman Lutheran Home | 501(c)(3) | $18 million | Ambler, PA |
| 2 | Jones-Harrison Residence Corporation | 501(c)(3) | $18 million | Minneapolis, MN |
| 3 | Minnewaska Lutheran Home | 501(c)(3) | $4.2 million | Starbuck, MN |
| 4 | Knute Nelson | 501(c)(3) | $35 million | Alexandria, MN |
| 5 | Glenwood Retirement Village | 501(c)(3) | $6.9 million | Glenwood, MN |
| 6 | Lutheran Homes | 501(c)(3) | $7.8 million | Twin Valley, MN |
| 7 | Eben Ezer Lutheran Care Center | 501(c)(3) | $14 million | Brush, CO |
| 8 | Village Assisted Living | 501(c)(3) | $2.5 million | Edina, MN |
| 9 | Little Sisters of the Poor of NM | 501(c)(3) | $2.0 million | Gallup, NM |
| 10 | Evansville Protestant Home | 501(c)(3) | $7.2 million | Evansville, IN |
| 11 | Riddle Village | 501(c)(3) | $30 million | Media, PA |
| 12 | Slovak American Charitable Association | 501(c)(3) | $14 million | Zion, IL |
| 13 | Elim Park Bapist Home | 501(c)(3) | $30 million | Cheshire, CT |
| 14 | Grace Presbyterian Ministries | 501(c)(3) | $25 million | Dallas, TX |
| 15 | Texhoma Christian Care Center (TCCC) | 501(c)(3) | $17 million | Wichita Falls, TX |
| 16 | Green Hills Community | 501(c)(3) | $10 million | West Liberty, OH |
| 17 | Glencroft Center for Modern Aging | 501(c)(3) | $26 million | Glendale, AZ |
| 18 | Senior Quality Lifestyles Corporation | 501(c)(3) | $2.4 million | Addison, TX |
| 19 | Central Baptist Village (CBV) | 501(c)(3) | $20 million | Norridge, IL |
| 20 | Baptist Convalescent Center | 501(c)(3) | $21 million | Erlanger, KY |
| 21 | Parkview Haven | 501(c)(3) | $2.5 million | Deshler, NE |
| 22 | The Danish Home | 501(c)(3) | $3.1 million | Chicago, IL |
| 23 | Chelsea Jewish Green House | 501(c)(3) | $18 million | Chelsea, MA |
| 24 | Palolo Chinese Home | 501(c)(3) | $17 million | Honolulu, HI |
| 25 | Maple Farms Nursing Center | 501(c)(3) | $5.9 million | New Holland, PA |