Residential Options Inc

Nonprofit profile at a glance

EIN
411825093
IRS 990-EZ coverage
2021–2022
Forms available
Form 990 2020, Form 990-EZ 2022
Location
Benson, MN, USA
Phone
3208434728
Rating confidence
Limited
Sector
Nursing, Convalescent Facilities

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Marlys Boone (President)
  • Mark Frank (Vice President)
  • Jayne Thielke (Executive Director)

People named in this filing

  • Dan Enderson - Director CFO (Swift County Benson Hospital)
  • Marlys Boone (President)
  • Mark Frank (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Senior Housing

What it reported doing in 2022

Prior to July 28, 2020, Scofield Place d/b/a Scandi Haven Village was a 77-unit senior living apartment in Benson, Minnesota. This included 58 independent/assisted living units, along with 19 memory care units. Effective July 28, 2020 all assets and activities of the organization were acquired by the Swift County - Benson Hospital. The organization was dissolved June 30, 2023.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 74
  • Sustainability: NotEnoughData
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: 8.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.