City of Lakes Care Center D/b/a Benedictine Health Center of Mpls
Nonprofit profile at a glance
- EIN
- 411985663
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 7633472200
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $15,913,241
- Expenses
- $14,851,988
- Assets
- $17,519,723
- Liabilities
- $3,683,656
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JERRY CARLEY (CEO OF BHS)
- TAYLAR HACK (VP OF BHS/PRESIDENT)
- PETER MOMANYI (EXECUTIVE DIRECTOR)
Highest reported compensation
- JERRY CARLEY (CEO OF BHS): $1,087,851 total reported compensation
- KEVIN RYMANOWSKI (CFO & TREASURER): $600,393 total reported compensation
- TAYLAR HACK (VP OF BHS/PRESIDENT): $292,718 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are a catholic, faith-based organization entrusted with advancing the life-enhancing senior care ministry of the benedictine sisters of duluth, Minnesota. We witness to god's love by creating inclusive communities, supporting those we serve to live well and with purpose, with special concern for the underserved.
What it reported doing in 2024
Operation of benedictine living community - minneapolis, is a 90 bed long-term care in minneapolis, Minnesota which provides skilled nursing care to the elderly. The facility 92.8% occupancy and served 142 individuals during the fiscal year ending 6/30/25.
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 99% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. 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: 73
- Transparency & Controls: 71
- Accountability: 76
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 86.7%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.7%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 86.7% of spending went to programs
- Governance: 2 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $12.9M in reported program spending
- Leadership: top reported pay $1.1M · 12 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $2M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 35 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.
- Review — Sustainability: Operating margin scored 59/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.