Civic Intelligence

Albert Lea Trades & Labor Assembly Senior Housing Inc

990 • Fiscal year 2018 • EIN 23-7001339

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 15, 2019

Organization ProfileWWW.ALBERTLEASENIORHOUSING.COM

Refreshing map…

915 Maplehill DriveAlbert Lea, MN 56007

(507) 373-5391

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.35x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

42nd percentile

3.2%

Higher net margin than 42% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$42,344

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

48th percentile

0.8%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

15%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,894,066

Up $14,235 (+0.8%) from 2017

Net Assets

Up

-$661,685

Up $35,466 (+5.1%) from 2017

Liabilities

Down

$2,555,751

Down $21,231 (-0.8%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin42nd percentile

Revenue

Up

$1,108,697

Up $143,439 (+15%) from 2017

Expenses

Up

$1,073,231

Up $72,062 (+7.2%) from 2017

Net Income

Up

$35,466

Up $71,377 (+199%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,661,244Liabilities 2010: $2,955,322Net Assets 2010: -$294,0782010Assets 2011: $2,554,169Liabilities 2011: $2,903,645Net Assets 2011: -$349,4762011Assets 2012: $2,524,617Liabilities 2012: $2,878,590Net Assets 2012: -$353,9732012Assets 2013: $2,460,398Liabilities 2013: $2,865,374Net Assets 2013: -$404,9762013Assets 2014: $2,323,101Liabilities 2014: $2,804,096Net Assets 2014: -$480,9952014Assets 2015: $2,221,676Liabilities 2015: $2,798,182Net Assets 2015: -$576,5062015Assets 2016: $2,089,057Liabilities 2016: $2,750,297Net Assets 2016: -$661,2402016Assets 2017: $1,879,831Liabilities 2017: $2,576,982Net Assets 2017: -$697,1512017Assets 2018: $1,894,066Liabilities 2018: $2,555,751Net Assets 2018: -$661,6852018Assets 2019: $1,855,083Liabilities 2019: $2,464,956Net Assets 2019: -$609,8732019Assets 2020: $1,909,701Liabilities 2020: $2,428,828Net Assets 2020: -$519,1272020Assets 2021: $2,039,488Liabilities 2021: $2,380,867Net Assets 2021: -$341,3792021Assets 2022: $2,053,967Liabilities 2022: $2,367,910Net Assets 2022: -$313,9432022Assets 2024: $2,347,481Liabilities 2024: $2,323,525Net Assets 2024: $23,9562024

Highlighted filing

2018

Assets$1,894,066
Liabilities$2,555,751
Net Assets-$661,685
Open 2018 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $933,8132010Expenses 2011: $965,7052011Expenses 2012: $939,0322012Expenses 2013: $1,028,9352013Revenue 2014: $963,569Expenses 2014: $1,039,588Net Income 2014: -$76,0192014Revenue 2015: $965,180Expenses 2015: $1,060,691Net Income 2015: -$95,5112015Revenue 2016: $967,498Expenses 2016: $1,052,232Net Income 2016: -$84,7342016Revenue 2017: $965,258Expenses 2017: $1,001,169Net Income 2017: -$35,9112017Revenue 2018: $1,108,697Expenses 2018: $1,073,231Net Income 2018: $35,4662018Revenue 2019: $1,163,554Expenses 2019: $1,111,742Net Income 2019: $51,8122019Revenue 2020: $1,125,485Expenses 2020: $1,034,739Net Income 2020: $90,7462020Revenue 2021: $1,180,337Expenses 2021: $1,002,589Net Income 2021: $177,7482021Revenue 2022: $1,150,938Expenses 2022: $1,123,502Net Income 2022: $27,4362022Revenue 2024: $1,391,779Expenses 2024: $1,194,027Net Income 2024: $197,7522024

Highlighted filing

2018

Revenue$1,108,697
Expenses$1,073,231
Net Income$35,466
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,108,697
Mission and Program Overview

Mission

To provide subsidized rental housing for persons with elderly and low income qualifications

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,302,726$1,207,251▼ $95,475
Prepaid Expenses and Deferred Charges$45,564$44,303▼ $1,261
Cash and Non-Interest-Bearing Accounts$48,405$25,979▼ $22,426
Accounts Receivable$439$0▼ $439
Total Assets$1,879,831$1,894,066▲ $14,235
Other Assets Total$482,697$616,533▲ $133,836
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,472,219$2,431,847▼ $40,372
Accounts Payable and Accrued Expenses$59,282$79,460▲ $20,178
Escrow Account Liability$45,481$44,444▼ $1,037
Total Liabilities$2,576,982$2,555,751▼ $21,231
Net Assets / Fund Balance
Unrestricted Net Assets$-697,151$-661,685▲ $35,466
Total Net Assets Fund Balance$-697,151$-661,685▲ $35,466
Total Liabilities and Net Assets / Fund Balance$1,879,831$1,894,066▲ $14,235

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$994,998$4,979,414$5,974,412
Equipment$152,572$293,529$446,101
Land$54,181-$54,181
Other Land Buildings$5,500-$5,500
Other Assets Org$208,621--
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sandy StephensManager - Part YearFT$42,344$42,344
Helen HambergManager - Part YearFT$16,720$16,720

Board Members and Trustees

NameTitle
Milton OstChairman
Diane LandaasVice-chairman
Bill AveryDirector
Craig NelsonDirector
Frank WakefieldDirector
Joan CarlsonDirector
Michael HoisethDirector
Jessica HaukoosManager
Richard ChapmanSecretary
Dee AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,096,317
Investment Income
$713
Other Revenue
$11,667
Change in Net Assets
$35,466

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,048,697
Revenue Not Reported on Financial Statements
$60,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$60,000
Total Revenue per Audited Statements
$1,048,697
Total Revenue per Form 990
$1,108,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$938,344
Salaries, Compensation, and Employee Benefits$134,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$439,574--$439,574
Depreciation Depletion$137,025--$137,025
Fees for Services Management$72,374--$72,374
Other Salaries and Wages$52,342--$52,342
Current Officers, Directors, Trustees, and Key Employees-$51,615-$51,615
Office Expenses$21,765$27,196-$48,961
Other Employee Benefits$10,170$10,170-$20,340
Fees for Services Accounting-$17,029-$17,029
Other Expenses$15,221$15,198-$15,198
Payroll Taxes$5,295$5,295-$10,590
Advertising-$6,797-$6,797
Fees for Services Legal-$860-$860
All Other Expenses$218--$218
Total Functional Expenses$863,809$209,422$0$1,073,231

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,073,231
Expenses per Audited Statements$1,013,231
Total Expenses per Audited Statements$1,013,231
Expenses Not Reported on Financial Statements$60,000
Other Expense Adjustments$60,000
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The members of the corporation shall be those persons who are members of the albert lea trades and labor assembly, afl & cio. The members of the corporation shall all be the same class, shall have no rights in the any of the properties of the corporation and each shall have one vote at the meetings of the members of the corporation.”

Form 990, Part VI, Section A, Line 7A

“The board of directors shall be elected at the annual meeting of the members by a majority vote of those present.”

Form 990, Part VI, Section A, Line 7B

“The incorporation may be amended only upon the affirmative vote of two-thirds of the members present at a regular or special meeting of the membership.”

Form 990, Part VI, Section B, Line 11B

“The board of directors passed a motion to have the board chairman review and approve the 990 prior to being submitted to the irs.”

Form 990, Part VI, Section B, Line 12C

“If any conflicts of interest arise they are discussed at the monthly board meetings and resolved.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albert Lea Trades & Labor Assembly
EIN
23-7001339
Phone
5073735391
Address
915 MAPLEHILL DRIVE, ALBERT LEA, MN 56007

Signing Officer

Name
Milton Ost
Title
Board Chair
Phone
5073735391
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Milton Ost
Formed
1971
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 WEST BRIDGE STREET, OWATONNA, MN 55060
Preparer
Trent Fast
Phone
5074467100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Form 990, part xii, line 2c: the board of directors assume responsibility for oversight of the audit of its financial statements and the selection of its independent accountant.”

Financial Statement Notes

PART IV, LINE 2B:

“The project holds in trust, security deposits advanced by the tenants of the project. The project records these deposits plus interest as an asset and a related liability.”

PART X, LINE 2:

“Albert lea trades and labor senior housing, inc. Has been granted exempt status relative to federal and state corporate income taxes under section 501(c)(3) of the internal revenue code and applicable state codes. The project follows the income tax standard for uncertain tax positions. No liability has been recognized as a result of this standard. The project files as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Revenue netted with expenses on audit report 60,000.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Revenue netted with expenses on audit report 60,000.”

Raw XML AppendixShowing 400 of 436 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0482697
IRS990/OtherAssetsTotalGrp/EOYAmt0616533
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010170
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010170
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020340
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS INSURANCE
IRS990/OtherExpensesGrp/Desc3ADMIN RENT FREE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt075262
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115198
IRS990/OtherExpensesGrp/ProgramServicesAmt054445
IRS990/OtherExpensesGrp/ProgramServicesAmt155380
IRS990/OtherExpensesGrp/ProgramServicesAmt215221
IRS990/OtherExpensesGrp/TotalAmt0129707
IRS990/OtherExpensesGrp/TotalAmt155380
IRS990/OtherExpensesGrp/TotalAmt215221
IRS990/OtherExpensesGrp/TotalAmt315198
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt011667
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011667
IRS990/OtherRevenueTotalAmt011667
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052342
IRS990/OtherSalariesAndWagesGrp/TotalAmt052342
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05295
IRS990/PayrollTaxesGrp/ProgramServicesAmt05295
IRS990/PayrollTaxesGrp/TotalAmt010590
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045564
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044303
IRS990/PrincipalOfficerNm0MILTON OST
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/Desc0SUBSIDIZED RENTAL HOUS
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01084509
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01084509
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111808
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0623
IRS990/PYOtherExpensesAmt0851027
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0964635
IRS990/PYRevenuesLessExpensesAmt0-35911
IRS990/PYSalariesCompEmpBnftPaidAmt0150142
IRS990/PYTotalExpensesAmt01001169
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0965258
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt035466
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01096317
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0994998
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04979414
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05974412
IRS990ScheduleD/EquipmentGrp/BookValueAmt0152572
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0293529
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0446101
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt060000
IRS990ScheduleD/ExpensesSubtotalAmt01013231
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt054181
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt054181
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1361627
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2208621
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RESERVES
IRS990ScheduleD/OtherExpensesNotIncludedAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05500
IRS990ScheduleD/OtherRevenuesNotIncludedAmt060000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt060000
IRS990ScheduleD/RevenueSubtotalAmt01048697
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HOLDS IN TRUST, SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS PLUS INTEREST AS AN ASSET AND A RELATED LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ALBERT LEA TRADES AND LABOR SENIOR HOUSING, INC. HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND STATE CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE PROJECT FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NO LIABILITY HAS BEEN RECOGNIZED AS A RESULT OF THIS STANDARD. THE PROJECT FILES AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REVENUE NETTED WITH EXPENSES ON AUDIT REPORT 60,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3REVENUE NETTED WITH EXPENSES ON AUDIT REPORT 60,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01207251
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0616533
IRS990ScheduleD/TotalExpensesPerForm990Amt01073231
IRS990ScheduleD/TotalRevenuePerForm990Amt01108697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01048697
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01013231
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE CORPORATION SHALL BE THOSE PERSONS WHO ARE MEMBERS OF THE ALBERT LEA TRADES AND LABOR ASSEMBLY, AFL & CIO. THE MEMBERS OF THE CORPORATION SHALL ALL BE THE SAME CLASS, SHALL HAVE NO RIGHTS IN THE ANY OF THE PROPERTIES OF THE CORPORATION AND EACH SHALL HAVE ONE VOTE AT THE MEETINGS OF THE MEMBERS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS BY A MAJORITY VOTE OF THOSE PRESENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE INCORPORATION MAY BE AMENDED ONLY UPON THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE MEMBERS PRESENT AT A REGULAR OR SPECIAL MEETING OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS PASSED A MOTION TO HAVE THE BOARD CHAIRMAN REVIEW AND APPROVE THE 990 PRIOR TO BEING SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF ANY CONFLICTS OF INTEREST ARISE THEY ARE DISCUSSED AT THE MONTHLY BOARD MEETINGS AND RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01879831
IRS990/TotalAssetsEOYAmt01894066
IRS990/TotalAssetsGrp/BOYAmt01879831
IRS990/TotalAssetsGrp/EOYAmt01894066
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0209422
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0863809
IRS990/TotalFunctionalExpensesGrp/TotalAmt01073231
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02576982
IRS990/TotalLiabilitiesEOYAmt02555751
IRS990/TotalLiabilitiesGrp/BOYAmt02576982
IRS990/TotalLiabilitiesGrp/EOYAmt02555751
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-697151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-661685
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0863809
IRS990/TotalProgramServiceRevenueAmt01096317
IRS990/TotalReportableCompFromOrgAmt059064
IRS990/TotalRevenueGrp/ExclusionAmt012380
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01096317
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01108697
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01879831
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01894066
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-697151
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-661685
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0915 MAPLEHILL DRIVE
IRS990/USAddress/CityNm0ALBERT LEA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056007
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ALBERTLEASENIORHOUSING.COM

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,894,066
Liabilities
$2,555,751
Net assets
-$661,685
Revenue
$1,108,697
Expenses
$1,073,231
Net income
$35,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$2.32$0.02$1.39$1.19$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$2.37$0.31$1.15$1.12$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$2.38$0.34$1.18$1.00$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$2.43$0.52$1.13$1.03$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.46$0.61$1.16$1.11$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.89$2.56$0.66$1.11$1.07$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$2.58$0.70$0.97$1.00$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.09$2.75$0.66$0.97$1.05$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.22$2.80$0.58$0.97$1.06$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.32$2.80$0.48$0.96$1.04$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$2.87$0.40$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$2.88$0.35$0.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$2.90$0.35$0.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$2.96$0.29$0.93
Peer Organizations

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