CREST VIEW CORPORATION

EIN: 410726177 501(c)(3)

COLUMBIA HEIGHTS, MN

Total Revenue
$26,975,802
Total Expenses
$26,970,671
Total Assets
$34,639,123
Net Assets
$-19,228,349
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
TERESE FOX
Phone
7637821612
Tax Period
2023-10-01 to 2024-09-30

CREST VIEW CORPORATION, founded in 2002, is a mid-sized nonprofit that reported $27.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

CREST VIEW SENIOR COMMUNITIES, FOUNDED AS A CHARITABLE CHRISTIAN ORGANIZATION, IN COOPERATION WITH THE COMMUNITY AND MEMBER CHURCHES, EXISTS TO SERVE PEOPLE BY OFFERING A CONTINUUM OF QUALITY CARE AND SERVICES AND BY PROVIDING FOR THEIR SPIRITUAL, EMOTIONAL AND PHYSICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $11,624,350 Revenue: $11,358,762

CREST VIEW LUTHERAN HOME: 122 BED NURSING HOME FACILITY FOR THE ELDERLY AND DISABLED, 16 BED WERE ON LAYAWAY DURING FISCAL YEAR 2024. TOTAL OCCUPANCY FOR FISCAL YEAR ENDED SEPTEMBER 30, 2024 WAS...

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CREST VIEW LUTHERAN HOME: 122 BED NURSING HOME FACILITY FOR THE ELDERLY AND DISABLED, 16 BED WERE ON LAYAWAY DURING FISCAL YEAR 2024. TOTAL OCCUPANCY FOR FISCAL YEAR ENDED SEPTEMBER 30, 2024 WAS 80.35%THE NURSING FACILITY PROVIDES HEALTH CARE TREATMENT AND CONVALESCENT FACILITIES TO IN-PATIENT SENIORS AND DISABLED INDIVIDUALS, INCLUDING THOSE ADMITTED AS AN INTERIM STEP, AFTER HOSPITALIZATION AND BEFORE RETURNING TO THEIR HOMES, AS WELL AS THOSE ADMITTED FOR LONG-TERM RESIDENCY.NURSING FACILITY RESIDENTS RECEIVE ROOM AND BOARD, 24-HOUR PROFESSIONAL NURSING CARE, AND SPECIAL DIETS AS REQUIRED. THE CARE CENTER PARTICIPATES IN A FIVE MEAL PER DAY PLAN, EITHER IN HIS OR HER ROOM OR AT THE CENTRAL DINING LOCATION. THERE ARE SOCIAL AND RECREATIONAL PROGRAMS AND SPIRITUAL PROGRAMS. ADDITIONAL SERVICES, SUCH AS ACCESS TO A VARIETY OF MEDICAL SPECIALISTS, SUCH DRUGS AND THERAPIES AS MAY BE PRESCRIBED BY THE RESIDENT'S PHYSICIAN, TELEPHONE, AND BEAUTY/BARBER SERVICES ARE AVAILABLE TO THE RESIDENTS AT AN ADDITIONAL CHARGE. THERE ARE TWO SPECIALTY AREAS WITHIN THE NURSING FACILITY. THE DEMENTIA CARE AREA IS A 26-BED UNIT AND HAS A PROGRAM SPECIFIC TO PEOPLE WITH DEMENTIA. THE REHAB CARE AREA IS 20 BEDS AND IS DESIGNATED FOR PEOPLE WHO WE SERVE ON A SHORT-TERM BASIS BEFORE RETURNING TO THE PLACE THEY "CALL HOME". THE REHAB BEDS ARE EQUIPPED WITH TELEPHONE AND CABLE TELEVISION SERVICE.

Program 2
Expenses: $2,841,494 Revenue: $2,480,329

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, 2024...

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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, 2024 WAS 75.16%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.

Program 3
Expenses: $7,099,999 Revenue: $7,964,522

CREST VIEW SENIOR COMMUNITY AT BLAINE- CONTINUUM OF CARE CAMPUS COMPRISED OF 66 SENIOR HOUSING APARTMENTS, 51 ASSISTED LIVING APARTMENTS, 24 MEMORY CARE APARTMENTS AND 11 CARE SUITES FOR THE ELDERLY...

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CREST VIEW SENIOR COMMUNITY AT BLAINE- CONTINUUM OF CARE CAMPUS COMPRISED OF 66 SENIOR HOUSING APARTMENTS, 51 ASSISTED LIVING APARTMENTS, 24 MEMORY CARE APARTMENTS AND 11 CARE SUITES FOR THE ELDERLY. TOTAL OCCUPANCY = 95.52%. THE FOLLOWING SERVICES AND AMENITIES ARE INCLUDED IN THE RATES: ALL UTILITIES EXCEPT FOR THE TELEPHONE, TEN MEALS PER MONTH IN SENIOR HOUSING AND THREE MEALS PER DAY IN THE OTHER AREAS, SECURED ENTRANCE, PENDANT SYSTEM WITHIN THE CAMPUS, LAWN AND GROUNDS CARE, OUTDOOR PATIOS AND WALKING PATHS, ADMINISTRATIVE SERVICES, SPIRITUAL CARE SERIVCES, LIBRARY, CLUB LOUNGE, FITNESS CENTER, SOCIAL AND RECREATIONAL PROGRAMS, AND SCHEDULED TRANSPORTATION.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,380,781
Program Service Revenue $22,664,127
Investment Income $1,607,505
Other Revenue $323,389
TOTAL REVENUE $26,975,802

Expense Breakdown

Grants Paid $39,268
Salaries & Benefits $11,871,519
Fundraising Expenses $0
Program Expenses $23,802,480
Other Expenses $15,059,884
TOTAL EXPENSES $26,970,671

Year-over-Year Comparison

2023 2022 Change
Revenue $26,975,802 $21,568,634 +0.3%
Expenses $26,970,671 $24,965,631 +0.1%
Net Income $5,131 $-3,396,997 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
368
Volunteers
60

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
7
$219,827
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY BARNES CEO (THRU AUGUST 2024) 38.00
Officer
$170,669 $0 $170,669
LEONA KEBIRA DIRECTOR OF NURSING 40.00
Highest
$126,027 $0 $126,027
LISA MEHLING CAMPUS ADMINISTRATOR 40.00
Highest
$125,152 $11,052 $136,204
JENNIFER MELTON CAMPUS ADMINISTRATOR 40.00
Highest
$124,422 $37,115 $161,537
SUZANNE EMLY STAFFING COORDINATOR 40.00
Highest
$100,284 $25,485 $125,769
CURT ENGELS CFO (THRU MAY 2024) 15.00
Officer
$41,158 $0 $41,158
TERESE FOX COA 38.00
Officer
$8,000 $0 $8,000
GABRIELLE ANDERSON INTERIM CEO 38.00
Officer
$0 $0 $0
JOHN MILLER BOARD CHAIR 3.00
Officer Director
$0 $0 $0
SHERILYN MOE VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANDREW AHRENDT BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
JULIE LUNDBERG BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE OLSON BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN TESKE BOARD MEMBER 1.00
Director
$0 $0 $0
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
2024 $26,975,802 $26,970,671 $34,639,123 $5,131
2023 $21,568,634 $24,965,631 $33,791,866 $-3,396,997
2022 $20,898,943 $23,604,410 $36,638,634 $-2,705,467
2021 $22,420,538 $22,347,390 $40,189,107 $73,148
2020 $21,976,598 $23,190,494 $43,454,496 $-1,213,896
2019 $21,752,393 $22,434,658 $42,474,740 $-682,265
2018 $20,092,204 $21,963,025 $43,413,085 $-1,870,821
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