Nonprofit · EIN 41-0838344
MOUNT OLIVET HOME
Tax-exempt · MINNEAPOLIS, MN 55419
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,829,709 | $11,987,410 | $1,842,299 | $17,364,624 | $1,188,143 | $16,176,481 |
| December 31, 2023 | 990 | $12,522,699 | $11,059,282 | $1,463,417 | $16,096,009 | $2,018,180 | $14,077,829 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $711,322
- of which government grants
- $690,810
- Program service revenue
- $12,973,677
- Investment income
- $119,264
- Net rental income
- $24,000
- Other revenue
- $25,446
Expenses
- Grants and similar amounts paid
- $11,821
- Other salaries and wages
- $6,585,854
- Salaries, compensation and benefits (total)
- $7,835,397
- Professional fundraising fees
- $0
- Legal fees
- $7,888
- Accounting fees
- $44,136
- Occupancy
- $184,517
- Depreciation
- $565,776
- Program services (functional)
- $11,399,529
- Management and general (functional)
- $587,881
Balance sheet and other
- Total assets, start of year
- $16,096,009
- Total assets, end of year
- $17,364,624
- Total liabilities, end of year
- $1,188,143
- Net assets, end of year
- $16,176,481
- Land, buildings and equipment
- $6,150,425
- Publicly traded securities
- $2,226,361
- Net assets without donor restrictions
- $16,176,481
- Gross receipts
- $13,829,709
- Employees
- 167
- Volunteers
- 20
- Year formed
- 1960
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY HOKANSON | ADMINISTRATOR Officer | 1 | $0 | $289,696 | $45,504 |
| ROGER WHITE | ASSOCIATE ADMINISTRATOR Highest-paid employee | 1 | $0 | $197,555 | $12,267 |
| SHARON FLACK | CONTROLLER Officer | 1 | $0 | $163,966 | $17,646 |
| MEGHANN WAHL | DIRECTOR OF NURSING Highest-paid employee | 2 | $0 | $154,089 | $2,706 |
| WILSON OBUNGA | REGISTERED NURSE Highest-paid employee | 40 | $0 | $120,013 | $10,555 |
| NIKKI KUBAT | ASSISTANT DIRECTOR OF FINANCE Highest-paid employee | 40 | $0 | $126,881 | $2,538 |
| KURT HALVA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GORDON VETSCH | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| RUTH JARCHO | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| MARTHA ARNESON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| MARK BEESE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID CARLSON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| EILEEN CARTWRIGHT | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| JOHN KUEHN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID LOSE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRUDY OLSON | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 |
| CHRISTINE BENT | VICE PRESIDENT (THRU FEB 2024) Trustee or director, Officer | 0.3 | $0 |
| GREG PAGE | BOARD MEMBER Trustee or director | 0.3 | $0 |
| WILLIAM TELLEEN | BOARD MEMBER Trustee or director | 0.3 | $0 |
| PETER YOUNGDAHL | BOARD MEMBER Trustee or director | 0.3 | $0 |
| KIMBERLY GRAY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| BARB GURNEY | BOARD MEMBER Trustee or director | 0.3 | $0 |
| BOB STEWART | BOARD MEMBER Trustee or director | 0.3 | $0 |
| SARA VANWINKLE | BOARD MEMBER Trustee or director | 0.3 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY HOKANSON | ADMINISTRATOR Officer | 1 | $0 | $262,207 | $61,525 |
| SHARON FLACK | CONTROLLER Officer | 1 | $0 | $156,384 | $18,510 |
| SAMSON NYAMORI | REGISTERED NURSE Highest-paid employee | 40 | $0 | $135,250 | $2,705 |
| WILSON OBUNGA | REGISTERED NURSE Highest-paid employee | 40 | $0 | $119,694 | $11,121 |
| NIKKI KUBAT | ASSISTANT DIRECTOR OF FINANCE Highest-paid employee | 40 | $0 | $121,253 | $2,428 |
| KURT HALVA | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 | $0 |
| CHRISTINE BENT | VICE PRESIDENT Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| GORDON VETSCH | TREASURER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| RUTH JARCHO | SECRETARY Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| MARTHA ARNESON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| MARK BEESE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID CARLSON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| EILEEN CARTWRIGHT | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| JOHN KUEHN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| DAVID LOSE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| TRUDY OLSON | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| GREG PAGE | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| WILLIAM TELLEEN | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
| PETER YOUNGDAHL | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5517 LYNDALE AVE S, MINNEAPOLIS, MN 55419-1719
- Principal officer (990 for 2024)
- TIMOTHY HOKANSON, 5517 LYNDALE AVENUE SOUTH, MINNEAPOLIS, MN 55419
- Signed the 990
- TIMOTHY HOKANSON, ADMINISTRATOR
- Phone
- (612) 827-5677
- Website
- WWW.MTOLIVETHOMES.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE HIGH QUALITY LONG TERM CARE FOR RESIDENTS IN A LOVING AND CARING ENVIRONMENT.
Program accomplishments
- MOUNT OLIVET HOME (MOH) IS A 92-BED SEMI-INDEPENDENT LIVING FACILITY FEATURING PRIVATE ROOMS WITH PRIVATE BATHROOMS. WE ALSO OFFER A SECURED MEMORY CARE UNIT FOR RESIDENTS COPING WITH THE EARLY STAGES OF MEMORY LOSS, ALZHEIMER'S AND OTHER DEMENTIA-RELATED ILLNESSES. RESIDENTS FURNISH THEIR ROOMS WITH FAVORITE POSSESSIONS. RESIDENTS ARE INDEPENDENT WITH ACTIVITIES OF DAILY LIFE, INCLUDING DRESSING, GROOMING, EATING, WALKING, TRANSFERRING AND TOILETING. ASSISTANCE WITH MEDICATION ADMINISTRATION AND BATHING IS AVAILABLE. ONSITE VISION, HEARING, DENTAL AND PODIATRY SERVICES ARE ALSO AVAILABLE. THREE NUTRITIOUS MEALS AND OTHER REFRESHMENTS ARE SERVED DAILY IN THE MAIN FLOOR DINING ROOM. RESIDENTS LIVING IN THE MEMORY CARE UNIT EAT IN A DINING ROOM LOCATED IN THE UNIT. FAMILY MEMBERS CAN ENJOY MEALS WITH THEIR LOVED ONE IN EITHER LOCATION. SPACIOUS LOUNGES, OUTDOOR PATIOS, AND PRIVATE FAMILY AREAS MAKE THE FACILITY FEEL LIKE HOME.Expenses $11,399,529 · grants $11,821 · revenue $12,973,677
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0838344
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P750)
- Assets (IRS master file)
- $17,364,624
- Income (IRS master file)
- $13,829,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,829,709 | $11,987,410 | $17,364,624 | XML |
| 990 | December 2023 | $12,522,699 | $11,059,282 | $16,096,009 | XML |
| 990 | December 2022 | $11,667,781 | $10,515,392 | $14,333,348 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0838344).
Questions about MOUNT OLIVET HOME
- What is the EIN of MOUNT OLIVET HOME?
- The employer identification number (EIN) of MOUNT OLIVET HOME is 41-0838344.
- Is MOUNT OLIVET HOME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to MOUNT OLIVET HOME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNT OLIVET HOME file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNT OLIVET HOME due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT OLIVET HOME last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOUNT OLIVET HOME?
- The 990 for the year ended December 31, 2024 names TIMOTHY HOKANSON.
- Who are the officers and directors of MOUNT OLIVET HOME?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does MOUNT OLIVET HOME have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,829,709, expenses of $11,987,410 and total assets of $17,364,624 at year end.
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