Catholic Eldercare
Legal name: Catholic Eldercare Community Services Corporation Ii
Nonprofit profile at a glance
- EIN
- 412002183
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 612-379-1370
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,908,605
- Expenses
- $4,103,377
- Assets
- $16,707,729
- Liabilities
- $12,291,505
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- GREG BAUMBERGER (PRESIDENT/CEO)
Highest reported compensation
- GREG BAUMBERGER (PRESIDENT/CEO): $311,358 total reported compensation
- RACHEL CAGNEY (CONTROLLER THRU 1/10/25): $104,240 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Grounded in faith, Catholic Eldercare offers compassionate, person-centered care, housing, and services to all people – without exception – so they can live and age with dignity. Whether the need is for skilled nursing care, independent living, assisted living, adult day program, or other services, Catholic Eldercare offers the comfort and security of a lifestyle that fits your needs, with ready access to care services at the level you need. Not-for-profit Catholic Eldercare is a community resource with over a quarter-century tradition of meeting the diverse needs of elders of all faiths in a caring atmosphere of support, respect, and spiritual enrichment.
What it reported doing in 2024
The organization provides housing and health care services in a 71-unit assisted living building. The majority of residents are below 50% of the average income level for the area, and 35% of the people served are under 30% of the average income level. A full array of services are provided, including 24 hour nursing care, meals, laundry, social services, activities and pastoral care.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 93.9%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 4.07; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.74; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site
- Where the money goes: 98.6% of revenue deployed · 93.9% of spending went to programs
- Governance: 3 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.9M in reported program spending
- Leadership: top reported pay $311K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.