Civic Intelligence

St Olaf Residence Inc

990 • Fiscal year 2012 • EIN 41-0878215

Oct 01, 2011 to Sep 30, 2012 • Filed on Feb 20, 2014

2912 Fremont Avenue North55411
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

77th percentile

12%

Faster asset growth than 77% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,826,054

Up $506,700 (+12%) from 2011

Net Assets

Down

-$148,627

Down $119,926 (-418%) from 2011

Liabilities

Up

$4,974,681

Up $626,626 (+14%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$7,128,716

Up $466,100 (+7.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $4,575,383Liabilities 2010: $4,595,892Net Assets 2010: -$20,5092010Assets 2011: $4,319,354Liabilities 2011: $4,348,055Net Assets 2011: -$28,7012011Assets 2012: $4,826,054Liabilities 2012: $4,974,681Net Assets 2012: -$148,6272012Assets 2013: $4,385,832Liabilities 2013: $4,817,083Net Assets 2013: -$431,2512013Assets 2014: $4,341,596Liabilities 2014: $5,085,871Net Assets 2014: -$744,2752014Assets 2015: $4,098,843Liabilities 2015: $4,722,504Net Assets 2015: -$623,6612015

Highlighted filing

2012

Assets$4,826,054
Liabilities$4,974,681
Net Assets-$148,627

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,807,9042010Revenue 2011: $6,637,164Expenses 2011: $6,662,616Net Income 2011: -$25,4522011Expenses 2012: $7,128,7162012Revenue 2013: $7,245,074Expenses 2013: $7,507,178Net Income 2013: -$262,1042013Revenue 2014: $7,427,977Expenses 2014: $7,686,300Net Income 2014: -$258,3232014Revenue 2015: $7,482,583Expenses 2015: $7,333,033Net Income 2015: $149,5502015

Highlighted filing

2012

Revenue-
Expenses$7,128,716
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
Feb 20, 2014
Return Version
2011v1.5
Gross Receipts
$7,025,278
Mission and Program Overview

Mission

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 financially sound, use our buildings and land to the benefit of those we serve, develop partnerships to strengthen the community, have a strong development program, and continually recognize our staff as an asset. In this way, we will improve the quality of life for those we serve through measurable standards.

Filing and Contact Details

Filer

EIN
41-0878215
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IRS990/Description0ST. 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 85-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 25,883 RESIDENT DAYS OF CARE FOR THIS FISCAL YEAR OF OCTOBER THROUGH SEPTEMBER 2012.NORTH OAKS ON EMERSON, OUR ASSISTED LIVING FACILITY, PROVIDED OVER $42,000.00 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, 140 MEALS, MONDAY - FRIDAY. THESE MEALS ARE DISTRIBUTED TO HOME-BOUND RESIDENTS WITHIN OUR COMMUNITY. PARTNERSHIPS: ST. OLAF IS INVOLVED IN THE FOLLOWING PARTNERSHIPS THAT INVOLVE VARIOUS MEMBERS AND ORGANIZATIONS IN THE COMMUNITY:- HENNEPIN COUNTY HUMAN SERVICES AND PUBLIC HEALTH - PROVIDES ON-SITE CLINICAL SERVICES THROUGH BOTH PHYSICIAN AND NURSE PRACTITIONER SERVICES AND ALSO PROVIDES A MEDICAL DIRECTOR- HOSPICE CONTRACTS WITH NORTH MEMORIAL HOSPICE AND TWIN CITIES HOSPICE- UNIVERSITY OF MN - DIETICIAN CLINICAL TRAINING SITE FOR U OF M STUDENTS- VARIOUS NURSING ASSISTANT TRAINING PROGRAMS - MINNEAPOLIS TECHNICAL COLLEGE AND OTHERS- COMMUNITY GROUPS SUCH AS NEIGHBORHOOD GIRL SCOUTS, BLOCK CLUB AND OTHERS UTILIZE MEETING SPACE AT NORTH OAKS ON EMERSON. ST. OLAF PARTNERS WITH ECUMEN TO PROVIDE MANAGEMENT OVERSIGHT TO ST. OLAF. ECUMEN IS A LUTHERAN BASED ORGANIZATION. THIS PARTNERSHIP PROVIDES QUALITY OVERSIGHT AND LUTHERAN VALUES TO THE ORGANIZATION AND ITS RESIDENTS. ST. OLAF IS ALSO INVOLVED IN A PARTNERSHIP CALLED CARE CHOICE. THIS PARTNERSHIP INVOLVES A CONSORTIUM OF OVER TWENTY LONG-TERM CARE HEALTH CARE PROVIDERS. THIS RELATIONSHIP ALLOWS ST. OLAF RESIDENCE, INC. TO ACCEPT RESIDENTS WITH VARIOUS CARE TYPES AND PROVIDE THEM WITH THE SPECIFIC CARE THAT THEY NEED.
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IRS990/MissionDescription0DRAWING 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 FINANCIALLY SOUND, USE OUR BUILDINGS AND LAND TO THE BENEFIT OF THOSE WE SERVE, DEVELOP PARTNERSHIPS TO STRENGTHEN THE COMMUNITY, HAVE A STRONG DEVELOPMENT PROGRAM, AND CONTINUALLY RECOGNIZE OUR STAFF AS AN ASSET. IN THIS WAY, WE WILL IMPROVE THE QUALITY OF LIFE FOR THOSE WE SERVE THROUGH MEASURABLE STANDARDS.
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IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear015798
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus1Year038680
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus2Years064566
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus3Years024459
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus4Years039728
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total0183231
IRS990ScheduleA/InvestmentIncomePercentage00.00530
IRS990ScheduleA/PriorYearSupportPercentage00.97260
IRS990ScheduleA/PriorYrInvestIncomePercentage00.00590
IRS990ScheduleA/PubliclySupportedOrg509a20X
IRS990ScheduleA/PublicSupportPercentage50900.97280
IRS990ScheduleA/PublicSupportTotal509033625297
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYear087900
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYearMinus1Year0259010
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYearMinus2Years0184668
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYearMinus3Years0166920
IRS990ScheduleA/SupportFromDQPsEtc/CurrentTaxYearMinus4Years058662
IRS990ScheduleA/SupportFromDQPsEtc/Total0757160
IRS990ScheduleA/ThirtyThreePercntTestsCY5090X
IRS990ScheduleA/Total509/CurrentTaxYear06987807
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year06745301
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years06827230
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years06941471
IRS990ScheduleA/Total509/CurrentTaxYearMinus4Years06880648
IRS990ScheduleA/Total509/Total034382457
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear07003605
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year06783981
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years06891796
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years06965930
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years06920376
IRS990ScheduleA/TotalSupportTotal/Total034565688
IRS990/ScheduleBRequired00
IRS990ScheduleD/AgentTrusteeEtc00

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