Gianna Homes - Sursum Corda

Nonprofit profile at a glance

EIN
412005063
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Minnetonka, MN, USA
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$1,498,387
Expenses
$1,515,521
Assets
$958,207
Liabilities
$633,046

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Anne Marie Hansen (President)

Highest reported compensation

  • Anne Marie Hansen (President): $75,199 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To care for individuals challenged with memory loss. We are dedicated to preserving the dignity of individuals while meeting their medical, social, and spiritual needs. Our care is given in a home setting designed to honor God, nurture family, and foster friendship.

What it reported doing in 2024

Gianna Homes provides programming in a home setting that is both a familiar and secure environment where individuals with memory loss can live and thrive. The 10 resident beds were 98% full during the 2021-2022 fiscal year. During the year we were able to partner with family members and adapt programming to the needs of the individuals as well as their families. Because of the decrease in cognitive abilities associated with dementia-particularly with Alzheimers, Lewy Body, Parkinsons and Frontal Lobe, our programming addresses the preservation of the whole person and supporting a lifestyle that is both meaningful and wholesome. We do this through ancillary services including physical therapy, music and movement therapy, art work activities, sensory activities, exercises, walks, outings, and daily routines that are flexible. Residents and family members are encouraged to participate in picking flowers and barbecues on the patio as well as family friendly events and holidays throughout the year. Some of the events held during the fiscal year include both thanksgiving and holiday dinners. Some resident families have expressed appreciation for the work of the staff by providing testimonials. Of those received, these two incorporate the work of the staff and appreciation for the type of care provided: We had toured many facilities and we seemed to leaning toward a more traditional facility...When we toured your home, I knew this was exactly where Dad should be. Your professionalism, compassion, and genuine concern for both Moms and Dads well-being confirmed our belief that this was the right place. And, we want to take this opportunity to thank the entire staff. It is a testament of a caring staff to see the true spirit and essence of a husband, father and grandfather so dearly loved. Alzheimers has stripped him of many characteristics, but it is through that spirit that we find the loving man now totally dependent on our loving him. With Gods grace we have found a place that not only recognizes this, but also honors it. God bless you all and the care you give right from your hearts!

Operating model

Revenue model
Earned-program. 94% 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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Accountability: 84
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.7%; rating input score 71
  • Program expense ratio: 70%; rating input score 70
  • Fundraising efficiency: $5.92 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

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: 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • 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: -1.1%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0.6%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 0.7% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 70.7% of revenue deployed · 70% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $75K · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $1.1M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Fundraising efficiency scored 22/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.