BENEDICTINE LIVING COMMUNITY OF NEW LONDON DBA GRACE LIV COM OF GLEN OAKS

EIN: 274218436 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$2,605
Total Expenses
$404
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
KEVIN RYMANOWSKI
Phone
7636891162
Tax Period
2020-07-01 to 2021-06-30

BENEDICTINE LIVING COMMUNITY OF NEW LONDON DBA GRACE LIV COM OF GLEN OAKS, founded in 2010, is a micro nonprofit that reported $3K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 84% operating margin.

Mission

BENEDICTINE LIVING COMMUNITY OF NEW LONDON IS A CATHOLIC ORGANIZATION ENTRUSTED WITH ADVANCING THE HEALTH CARE MINISTRY OF THE BENEDICTINE SISTERS OF DULUTH, MINNESOTA. OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.

Program Service Accomplishments

Program 1
Expenses: $705 Revenue: $1,257

OPERATION OF BLC OF NEW LONDON, DBA GRACE LIVING COMMUNITY OF GLEN OAKS, IS A 52 BED LONG-TERM CARE FACILITY IN NEW LONDON, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY.THE FACILITY...

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OPERATION OF BLC OF NEW LONDON, DBA GRACE LIVING COMMUNITY OF GLEN OAKS, IS A 52 BED LONG-TERM CARE FACILITY IN NEW LONDON, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY.THE FACILITY HAD 62.5% OCCUPANCY AND SERVED 67 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/20. THE FACILITY WAS SOLD DECEMBER 1, 2019.

Program 2
Expenses: $187 Revenue: $332

OPERATION OF GRACE LIVING COMMUNITY OF GLEN OAKS SENIOR LIVING - ASSISTED LIVING, IS A 47 UNIT FACILITY IN NEW LONDON, MINNESOTA.THE FACILITY HAD 90.7% OCCUPANCY AND SERVED 57 INDIVIDUALS DURING THE...

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OPERATION OF GRACE LIVING COMMUNITY OF GLEN OAKS SENIOR LIVING - ASSISTED LIVING, IS A 47 UNIT FACILITY IN NEW LONDON, MINNESOTA.THE FACILITY HAD 90.7% OCCUPANCY AND SERVED 57 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/20. THE FACILITY WAS SOLD DECEMBER 1, 2019.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,589
Investment Income $1,016
Other Revenue $0
TOTAL REVENUE $2,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,069
Fundraising Expenses $0
Program Expenses $892
Other Expenses $-9,665
TOTAL EXPENSES $404

Year-over-Year Comparison

2020 2019 Change
Revenue $2,605 $2,165,139 -1.0%
Expenses $404 $2,167,340 -1.0%
Net Income $2,201 $-2,201 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,994,844
Total Directors
3
$1,994,844
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY CARLEY CEO OF BHS 1.00
Officer Director
$0 $129,754 $928,486
KEVIN RYMANOWSKI CFO OF BHS 1.00
Officer Director
$0 $143,637 $568,501
TIA BOWE VP OF BHS 1.00
Officer Director
$0 $103,300 $497,857
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $2,605 $404 No data $2,201
2020 $2,165,139 $2,167,340 $278,308 $-2,201
2019 $5,408,878 $5,408,879 $812,182 $-1
2018 $5,305,795 $5,306,418 $1,043,480 $-623
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