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Nonprofiteer
← RAKHMA INC

Form 990 for tax year 2023

Filed by RAKHMA INC.

Totals

Total revenue
$3,070,291
Total expenses
$3,038,871
Contributions and grants received
$263,160
Grants paid
$0
Program service revenue
$2,766,388
Investment income
$39,212
Other revenue
$1,531
Total assets, end of year
$1,982,017
Total liabilities, end of year
$600,604
Net assets or fund balances, end of year
$1,381,413
Program services expenses (Part IX)
$2,655,533
Management and general expenses
$354,551
Fundraising expenses
$28,787
Program service expenses (Part III)
$2,655,533

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $94,598

  • 1f · All other contributions, gifts and grants

    $168,562

  • 2a · Program service revenue: RESIDENT SERVICES

    total $2,766,388 · related or exempt $2,766,388

  • 3 · Investment income

    total $39,212 · excluded $39,212

  • 11a · Other revenue: OTHER INCOME

    total $1,531 · related or exempt $1,531

  • 11e · Other revenue, total

    $1,531

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $124,489 · program services $110,927 · management and general $12,262 · fundraising $1,300

  • 7 · Other salaries and wages

    total $2,128,798 · program services $1,896,867 · management and general $209,697 · fundraising $22,234

  • 9 · Other employee benefits

    total $49,846 · program services $19,847 · management and general $29,999

  • 10 · Payroll taxes

    total $194,947 · program services $171,049 · management and general $22,101 · fundraising $1,797

  • 11a · Fees: management

    total $38,857 · program services $24,385 · management and general $13,823 · fundraising $649

  • 11c · Fees: accounting

    total $26,245 · program services $16,471 · management and general $9,336 · fundraising $438

  • 11g · Fees: other

    total $5,426 · program services $3,405 · management and general $1,930 · fundraising $91

  • 12 · Advertising and promotion

    total $17,153 · program services $3,085 · management and general $14,068

  • 13 · Office expenses

    total $11,969 · program services $4,128 · management and general $6,407 · fundraising $1,434

  • 17 · Travel

    total $2,334 · program services $2,333 · management and general $1

  • 20 · Interest

    total $12,752 · program services $12,752

  • 22 · Depreciation, depletion and amortization

    total $53,966 · program services $47,328 · management and general $6,638

  • 23 · Insurance

    total $58,289 · program services $42,432 · management and general $15,857

  • 24a · Other expenses: HOME SUPPLIES

    total $143,845 · program services $143,731 · management and general $114

  • 24b · Other expenses: UTILITIES

    total $59,449 · program services $57,714 · management and general $1,735

  • 24c · Other expenses: MAINTENANCE & REPAIRS

    total $34,224 · program services $34,224

  • 24d · Other expenses: CONTRACTED SERVICES

    total $30,988 · program services $30,988

  • 24e · All other expenses

    total $45,294 · program services $33,867 · management and general $10,583 · fundraising $844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,756 · end of year $37,999

  • 2 · Savings and temporary cash investments

    beginning of year $1,154,143 · end of year $994,725

  • 3 · Pledges and grants receivable

    end of year $94,598

  • 4 · Accounts receivable

    beginning of year $126,104 · end of year $149,932

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,972 · end of year $70,433

  • 10a · Land, buildings and equipment: cost or other basis

    $1,708,487

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,074,974

  • 10c · Land, buildings and equipment, net

    beginning of year $398,264 · end of year $633,513

  • 15 · Other assets

    beginning of year $1,134 · end of year $817

  • 17 · Accounts payable and accrued expenses

    beginning of year $197,112 · end of year $368,046

  • 23 · Secured mortgages and notes payable

    beginning of year $240,268 · end of year $232,558

  • 27 · Net assets without donor restrictions

    beginning of year $1,339,623 · end of year $1,371,373

  • 28 · Net assets with donor restrictions

    beginning of year $10,370 · end of year $10,040

Mission and programs · 2023

Mission

RAKHMA CHAMPIONS DIGNITY IN THE CARE OF INDIVIDUALS LIVING WITH MEMORY LOSS IN A FAMILIAR HOME ENVIRONMENT.

  • RAKHMA PROVIDES COMPASSIONATE, PERSON-CENTERED MEMORY CARE IN THREE LICENSED RESIDENTIAL HOMES IN MINNEAPOLIS, ST. PAUL, AND MINNETONKA. IN THE 2024 FISCAL YEAR, 40 RESIDENTS AND THEIR FAMILIES BENEFITED FROM RAKHMA'S SOCIAL MODEL OF CARE, WHICH EMPHASIZES MEANINGFUL ENGAGEMENT, BELONGING, AND DIGNITY IN A FAMILIAR HOME SETTING. RAKHMA REMAINS COMMITTED TO SERVING INDIVIDUALS ON MEDICAID: MORE THAN 80% OF OUR RESIDENTS RECEIVE CARE THROUGH GOVERNMENT ASSISTANCE, AN EXCEPTIONALLY RARE MODEL IN RESIDENTIAL MEMORY CARE, WHERE PROVIDERS OFTEN LIMIT OR EXCLUDE MEDICAID-SUPPORTED RESIDENTS. RAKHMA MAINTAINS A 1:5 STAFFING RATIO AND DELIVERS CARE THROUGH HIGHLY INDIVIDUALIZED ROUTINES AND CARE PLANS. IN ITS 40TH YEAR, RAKHMA COMPLETED MAJOR GRANT-FUNDED PROJECTS, INCLUDING A FULL FIRST-FLOOR RENOVATION, DEMENTIA-FRIENDLY REDESIGNS, NEW, BEAUTIFICATION PROJECTS, A REBUILT DECK, AND WHEELCHAIR RAMPS. WITH OVER 120 OUTINGS OFFERED ANNUALLY, RESIDENTS CONTINUE TO PARTICIPATE IN COMMUNITY LIFE THROUGH TRIPS TO PARKS, LAKES, CONCERTS, AND GARDENS. ROOTED IN LOVE AND DIGNITY, RAKHMA CONTINUES TO BE A PLACE WHERE MEMORY CARE FEELS LIKE HOME: AND WHERE EVERY PERSON IS SEEN, KNOWN, AND CHERISHED.

    Expenses $2,655,533 · Revenue $2,767,919

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Heather Christopherson

    CURRENT BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rachel Riedesel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amanda Tan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lynne Kehne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barb Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Hauschild

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Pupkes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leif Johnson

    EXECUTIVE DIRECTOR

    Total calculated
    $99,692
    From this org
    $99,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nancy Birth

    BOOKKEEPER

    Total calculated
    $24,791
    From this org
    $24,791
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 August 2025
IRS schema version
2023v6.0
Source object
202512869349301621

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