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Evangelical Retirement Homes

Also known as Valley View Village

Edina, MN · EIN 42-0868449 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Evangelical Retirement Homes reported $11.9 million in revenue and $12.2 million in expenses for calendar year 2024. Of every $100 it spent, $88.41 went to program services, $11.59 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.6% of the total. The highest compensation it reported for one person was $822,196 (PRESIDENT/CEO). 11 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $12M

Investment income was negative: −$4,341. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 2,433 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
88.4%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
11.6%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
6.0%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
93.6%58.9%
Highest reported compensation
Part VII-A, columns D–F
$822,196$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
6.72%1.38%
People paid over $100,000
Part VII, line 2
116
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1.26.8
Independent voting board members
Part VI 1a–1b
5 of 5100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$9.7M expenses · 89.4% of program spending · revenue $9.7M

Evangelical Retirement Homes, inc. Was organized for the purpose of providing nursing home care for the elderly. It has 79 beds and is located in des moines, iowa

$1.2M expenses · 10.6% of program spending · revenue $1.5M

Evangelical Retirement Homes, inc. Operates two types of independent living facilities for the elderly. The manor apartments is a detached independent living building with 30 units. There are also 62 cottages for independent living residents

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Officer, 0.96 hrs/week
$0$684,664$137,532$822,196
CHIEF FINANCIAL OFFICER
Officer, 0.96 hrs/week
$0$487,791$96,215$584,006
CHIEF OPERATING OFFICER
Officer, 0.96 hrs/week
$0$383,964$103,563$487,527
CHIEF STRATEGIC OFFICER
Officer, 0.96 hrs/week
$0$332,589$105,002$437,591
CHIEF HUMAN RESOURCE OFFICER
Officer, 0.96 hrs/week
$0$280,679$83,403$364,082
CHIEF CLINICAL AND COMPLIANCE OFFICER
Officer, 0.96 hrs/week
$0$278,093$62,508$340,601
CERTIFIED NURSING ASSISTANT
Highest compensated employee, 86.35 hrs/week
$149,876$0$8,967$158,843
ADMINISTRATOR
Highest compensated employee, 40 hrs/week
$119,248$0$31,712$150,960

11 people received more than $100,000 in reportable compensation from Evangelical Retirement Homes (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$12M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$12M$12M88.4%$1.2M$822,196
2023 ⓘ$11M$11M87.7%$1.0M$728,206
2022 ⓘ$11M$10M88.0%$1.0M$689,884
2021 ⓘ$10M$9.3M88.3%$664K$648,511
2020 ⓘ$9.2M$8.8M90.1%−$226K$594,516
2019 ⓘ$8.9M$9.0M89.3%−$672K$867,695

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5242
  • Volunteers Part I, line 642

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
PRO REHAB
Therapy services
$589,814
CASSIA SERVICES
Management services
$449,578
ERICKSON BALMER CONSTRUCTION
Renovation and repair services
$438,518

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Evangelical Retirement Homes's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Evangelical Retirement Homes, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in Minnesota

Questions people ask

How much of Evangelical Retirement Homes's spending goes to programs?

In calendar year 2024, Evangelical Retirement Homes reported that 88.4% of its $12.2 million in expenses went to program services, 11.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Evangelical Retirement Homes pay its top executive?

The largest total compensation Evangelical Retirement Homes reported for one person in calendar year 2024 was $822,196, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Evangelical Retirement Homes get its money?

Of $11.9 million in revenue in calendar year 2024, 6.0% came from contributions and grants and 93.6% from program service revenue (Form 990, Part VIII).

Is Evangelical Retirement Homes a registered charity?

The IRS lists EIN 42-0868449 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202533119349304553 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202402889349301000 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313149349300731 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243139349303729 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133069349301738 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003019349301745 · read the filing

All filings for EIN 42-0868449: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.