Crest View Senior Communities

What it reported doing in 2024

Assisted living: crest view on 42nd - 50 unit assisted living facility for the elderly with capacity for 68; includes memory care units. Total occupancy for the fiscal year ended september 30, 2025 was 67.1%a variety of services are made available to residents of the assisted living facility, in many cases through programs and facilities made available through other buildings situated on the corporation's campus. The following services and facilities are provided without an additional charge beyond the regular monthly rental charge: all utilities except telephone and cable, 24 hour staff, routine maintenance, lawn and grounds care, administrative services, social and recreational programs, spiritual care services, exercise machines, a whirlpool tub, a craft room, outdoor gardens and walking paths, scheduled transportation, weekly housekeeping, weekly flat linen service, and three meals per day.the following services and facilities are provided at an additional charge: home health care services, beauty shop services, urgency response to pull cords, and additional supportive services beyond the basic package of services. The assisted living facility's walkout garden level houses a headstart program providing intergenerational opportunities throughout the crest view senior community on reservoir boulevard. The headstart program leases space and is sponsored by anoka county community action program, a not-for-profit organization. Crest view on 42nd is a three-story building. The building includes laundry facilities, a dining room and private dining room, a home care office, a small library, a large community room that includes a beauty shop, an activities kitchen and a worship area. The total square footage of the building is 40,527 square feet. The assisted living and memory care facility first opened for occupancy in 2002. Crest view on 42nd is an elderly housing with services establishment, registered with the state of Minnesota. A variety of services are made available to residents of the assisted living facility. The following services and facilities are provided without an additional charge beyond the regular monthly rental charge: all utilities except cable, 24 hour staff, routine maintenance, lawn and grounds care, administrative services, social and recreational programs, spiritual care services, exercise machines, a whirlpool tub, a craft room, outdoor gardens and walking paths, scheduled transportation, weekly housekeeping, weekly flat linen service, and three meals per day.on december 20, 2002, crest view home health care, the class a (medicare certified agency) was granted a certificate of assumed name by the state of Minnesota. Crest view home health care provides medicare certified and skilled home health care services to the community and the crest view campuses.crest view on 42nd was sold to an unrelated third party in february 2025.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91.7%; rating input score 92
• 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: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • 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: 1.9%; rating input score 42; 42nd percentile among comparable filings
• Total-asset coverage ratio: 1.15; rating input score 41; 41st percentile among comparable filings
• Liabilities to assets ratio: 1.63; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
• Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings