Crosby Senior Services Care Center
Nonprofit profile at a glance
- EIN
- 920991879
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Roseville, MN, USA
- Phone
- 6516316162
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $8,553,841
- Expenses
- $9,208,686
- Assets
- $28,512,397
- Liabilities
- $29,210,757
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- KATIE BERG (BOARD MEMBER)
- DAN LINDH (BOARD TREASURER)
- MARK MEYER (BOARD SEC/TREAS)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to honor god by enriching the lives and touching the hearts of older adults.
What it reported doing in 2024
Crosby senior care center was formed to operate a 54-bed skilled nursing facility known as heartwood care center. The facility was under construction during the tax year and didn't open until subsequent to year end.
Operating model
- Revenue model
- Earned-program. 83% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.2%; rating input score 90
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.7%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 3.1; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 1.02; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 191.4% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: -0.6% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 90.2% of revenue deployed · 83.8% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $7.7M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.