Civic Intelligence

Catholic Eldercare Community Foundation Inc.

990 • Fiscal year 2017 • EIN 41-1756772

Oct 01, 2016 to Sep 30, 2017 • Filed on Apr 27, 2018

817 Main Street NEMinneapolis, MN 55413-1931

(612) 362-2496

Siviq Scores

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

Liabilities / Assets

46th percentile

0.17x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.74x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$12,055,890

Down $1,427,570 (-11%) from 2016

Net Assets

Up

$9,950,003

Up $688,321 (+7.4%) from 2016

Liabilities

Down

$2,105,887

Down $2,115,891 (-50%) from 2016

Revenue

Up

$2,848,177

Up $778,618 (+38%) from 2016

Expenses

Up

$2,176,554

Up $158,328 (+7.8%) from 2016

Net Income

Up

$671,623

Up $620,290 (+1208%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $8,061,034Liabilities 2010: $674,596Net Assets 2010: $7,386,4382010Assets 2011: $7,789,318Liabilities 2011: $566,275Net Assets 2011: $7,223,0432011Assets 2012: $8,489,661Liabilities 2012: $659,937Net Assets 2012: $7,829,7242012Assets 2013: $8,730,785Liabilities 2013: $384,272Net Assets 2013: $8,346,5132013Assets 2014: $9,297,974Liabilities 2014: $504,675Net Assets 2014: $8,793,2992014Assets 2015: $9,478,192Liabilities 2015: $592,953Net Assets 2015: $8,885,2392015Assets 2016: $13,483,460Liabilities 2016: $4,221,778Net Assets 2016: $9,261,6822016Assets 2017: $12,055,890Liabilities 2017: $2,105,887Net Assets 2017: $9,950,0032017Assets 2018: $11,164,290Liabilities 2018: $619,970Net Assets 2018: $10,544,3202018Assets 2019: $11,635,941Liabilities 2019: $899,545Net Assets 2019: $10,736,3962019Assets 2020: $11,874,872Liabilities 2020: $581,561Net Assets 2020: $11,293,3112020Assets 2021: $16,110,991Liabilities 2021: $2,747,060Net Assets 2021: $13,363,9312021Assets 2022: $12,912,615Liabilities 2022: $1,312,749Net Assets 2022: $11,599,8662022Assets 2023: $16,908,602Liabilities 2023: $4,178,620Net Assets 2023: $12,729,9822023Assets 2024: $24,278,253Liabilities 2024: $9,784,858Net Assets 2024: $14,493,3952024

Highlighted filing

2017

Assets$12,055,890
Liabilities$2,105,887
Net Assets$9,950,003

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,509,4072010Expenses 2011: $1,549,3322011Expenses 2012: $1,679,8372012Expenses 2013: $1,853,6312013Revenue 2014: $2,320,665Expenses 2014: $1,929,175Net Income 2014: $391,4902014Revenue 2015: $2,368,365Expenses 2015: $1,882,690Net Income 2015: $485,6752015Revenue 2016: $2,069,559Expenses 2016: $2,018,226Net Income 2016: $51,3332016Revenue 2017: $2,848,177Expenses 2017: $2,176,554Net Income 2017: $671,6232017Revenue 2018: $2,363,928Expenses 2018: $2,321,581Net Income 2018: $42,3472018Revenue 2019: $2,354,205Expenses 2019: $2,437,703Net Income 2019: -$83,4982019Revenue 2020: $2,628,313Expenses 2020: $2,372,164Net Income 2020: $256,1492020Revenue 2021: $3,043,390Expenses 2021: $2,050,532Net Income 2021: $992,8582021Revenue 2022: $2,555,702Expenses 2022: $2,128,100Net Income 2022: $427,6022022Revenue 2023: $2,579,703Expenses 2023: $2,271,582Net Income 2023: $308,1212023Revenue 2024: $2,478,089Expenses 2024: $2,387,924Net Income 2024: $90,1652024

Highlighted filing

2017

Revenue$2,848,177
Expenses$2,176,554
Net Income$671,623
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Apr 27, 2018
Return Version
2016v3.1
Gross Receipts
$9,049,258
Mission and Program Overview

Mission

Provides support for the programs of catholic edlercare, catholic eldercare community services corp., catholic eldercare at st hedwig's and catholic eldercare community services corporation ii.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$10,911,291$10,013,431▼ $897,860
Cash and Non-Interest-Bearing Accounts$1,274,329$900,727▼ $373,602
Land, Buildings, and Equipment, Net$904,063$843,921▼ $60,142
Prepaid Expenses and Deferred Charges$158,637$83,092▼ $75,545
Pledges and Grants Receivable$37,140$16,719▼ $20,421
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$13,483,460$12,055,890▼ $1,427,570
Other Assets Total$198,000$198,000→ $0
Liabilities
Other Liabilities$3,688,177$1,511,914▼ $2,176,263
Accounts Payable and Accrued Expenses$533,601$593,973▲ $60,372
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,221,778$2,105,887▼ $2,115,891
Net Assets / Fund Balance
Unrestricted Net Assets$9,202,382$9,890,703▲ $688,321
Permanently Rstr Net Assets$59,300$59,300→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$9,261,682$9,950,003▲ $688,321
Total Liabilities and Net Assets / Fund Balance$13,483,460$12,055,890▼ $1,427,570

Asset Categories

AssetBook ValueDepreciationBasis
Land$563,889-$563,889
Buildings$275,420$180,363$455,783
Equipment$4,178$4,161$8,339
Other Land Buildings$434$1,426$1,860
Other Securities$4,957,116--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kenneth G BaltesBoard Member/gambling Manager$18,100$18,100

Board Members and Trustees

NameTitle
Suzanne J SnyderBoard Chair
Dan JohnsonPresident & CEO
Albert J Hofstede JrBoard Member
Beth WatermanBoard Member
Fr John BauerBoard Member
Jeff SchremppBoard Member
Lores VlaminckBoard Member
Mark GlodekBoard Member
Mark StengleinBoard Member
Penelope a MoyersBoard Member
Rev Glen JensonBoard Member
Richard a BrustadBoard Member
Robert HantenBoard Member
Robert K SpinnerBoard Member
Thomas M BeckBoard Member
James MurzynBoard Secretary
Marcuz MerzBoard Treasurer
Michael ShaskyCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$504,684
Program Service Revenue
$1,820,004
Investment Income
$568,254
Other Revenue
$-44,765
All Other Contributions
$401,510
Change in Net Assets
$671,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$-45,577
Revenue Not Reported on Financial Statements
$2,893,754
Revenue Not Reported on Form 990
$88,878
Other Revenue Adjustments
$2,893,754
Total Revenue per Audited Statements
$43,301
Total Revenue per Form 990
$2,848,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,176,554
Total Fundraising Expense$193,971
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$517,722$33,488$46,609$597,819
Insurance$161,724--$161,724
Fees for Services Other$13,661$34,795$17,296$65,752
Fees for Services Accounting$52,220$2,083-$54,303
Advertising$22,807--$22,807
Fees for Services Legal$20,776--$20,776
Fees for Services Lobbying$18,000--$18,000
Occupancy$5,430--$5,430
Other Expenses$2,647$101,450$94$2,647
Travel$803-$560$1,363
Total Functional Expenses$1,810,767$171,816$193,971$2,176,554

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,265,432
Expenses per Audited Statements$2,176,554
Total Expenses per Form 990$2,176,554
Expenses Not Reported on Form 990$88,878
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$615,569
Gaming Direct Expenses$614,757
Fundraising Direct Expenses$39,991
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$103,174-$16,132-
Total Events$103,174-$39,991$-39,991
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Albert Hofstede JrPrior Board MemberBroker for Health InsuranceNo$35,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Inter-company Payables$1,511,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B

A final copy of the completed 990 is distributed to all board members for review via email prior to submission.

Part VI, Sectbion B, Line 12C

Disclose conflicts of interest by september 30th.

Part VI, Section B, Line 15 A&B

Employee reviews are at the end of the fiscal year and raises are given on the first of the year. Catholic eldercare compares salaries of the trade association salary survey, the non-profit industry, and guidestar.

Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Catholic Eldercare Community Foundation
EIN
41-1756772
In Care Of
% PATRICK ZEMAN
Phone
6123622496
Address
817 MAIN STREET NE, MINNEAPOLIS, MN 55413-1931

Signing Officer

Name
Patrick Zeman
Title
Controller
Phone
6123325500
Signed
2018-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Johnson
Formed
1992
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
145

Preparer

Firm
Schechter Dokken Kanter
Address
100 WASHINGTON AVE SO 1600, MINNEAPOLIS, MN 55401-2192
Preparer
Charles Selcer CPA
Phone
6123325500
Supplemental Narrative

Additional Explanations

Part I & III, Line 1

Provides support for the programs of catholic edlercare, catholic eldercare community services corp., catholic eldercare at st hedwig's and catholic eldercare community services corporation ii.

Part III, Line 4A

The purpose of the organization is to support four other non-profit organizations by providing support services and financial support for them. The four supported organizations are as follows: catholic eldercare is a 174 bed skilled nursing facility (24 beds are used for transitional care) providing long term health care to the elderly of the city of minneapolis and the surrounding suburbs. In 2016-2017 the nursing home provided service to 324 people and of those served 50% of them were low income seniors. Catholic eldercare community services corporation provides assisted living services in 51 units, adult day care for 39 people per day, home health care for tenants of the assisted living and 52 independent senior rental units. Catholic eldercare at st. Hedwig's is a 71 unit low income independent senior houing building. The building provided service to 38 people per day in 2016-2017. Catholic eldercare community services corporation ii is a 70 unit assisted living building providing service to 92 people in 2016-2017. A full range of services are provided in all of the buildings from 24 hour nursing care and home care to therapy, activities, pastoral care and food service. The facilities supported provide services to low income seniors of which 35% of the people served are on some type of subsidy.

Financial Statement Notes

Part X, Line 2

Management evaluated the Organization's tax positions and concluded that the Organization had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance related to uncertain tax positions.

Part XI, Line 4B

Total support services $1,820,004 contributions, annual fund 504,684 investment income 187,744 net loss on sale of assets 380,510 lawful gambling 812 =========== total $2,893,754

Part XI & XII, Line 2D

For financial statement purposes, rental expense of $49,704 and fundraising expenses of $39,991 is included in functional expenses. For tax return purposes, the $49,704 of rental expense and $39,991 of fundraising expenses are included in part vii, line 6b of the form 990 and part vii, line 8b, respectively.

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IRS990/Form990PartVIISectionAGrp/PersonNm6SUZANNE J SNYDER
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IRS990/Form990PartVIISectionAGrp/PersonNm8MARK STENGLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm9BETH WATERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm10KENNETH G BALTES
IRS990/Form990PartVIISectionAGrp/PersonNm11FR JOHN BAUER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.3$9.78$14.5$2.48$2.39$0.09
2023Detailed filing. Detailed filing data is available for this year.$16.9$4.18$12.7$2.58$2.27$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$1.31$11.6$2.56$2.13$0.43
2021Detailed filing. Detailed filing data is available for this year.$16.1$2.75$13.4$3.04$2.05$0.99
2020Detailed filing. Detailed filing data is available for this year.$11.9$0.58$11.3$2.63$2.37$0.26
2019Detailed filing. Detailed filing data is available for this year.$11.6$0.90$10.7$2.35$2.44$0.08
2018Detailed filing. Detailed filing data is available for this year.$11.2$0.62$10.5$2.36$2.32$0.04
2017Detailed filing. Detailed filing data is available for this year.$12.1$2.11$9.95$2.85$2.18$0.67
2016Detailed filing. Detailed filing data is available for this year.$13.5$4.22$9.26$2.07$2.02$0.05
2015Detailed filing. Detailed filing data is available for this year.$9.48$0.59$8.89$2.37$1.88$0.49
2014Detailed filing. Detailed filing data is available for this year.$9.30$0.50$8.79$2.32$1.93$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.73$0.38$8.35$1.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.49$0.66$7.83$1.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.79$0.57$7.22$1.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.06$0.67$7.39$1.51