Civic Intelligence

Lyngblomsten Apartments Inc

990 • Fiscal year 2017 • EIN 41-1327121

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 25, 2018

1415 Almond AveSt Paul, MN 55108

(651) 646-2941

Siviq Scores

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

Liabilities / Assets

94th percentile

1.23x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

3.60x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$207,495

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

14th percentile

-7.8%

Faster asset growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

1.9%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,610,635

Down $306,578 (-7.8%) from 2016

Net Assets

Down

-$814,241

Down $224,112 (-38%) from 2016

Liabilities

Down

$4,424,876

Down $82,466 (-1.8%) from 2016

Revenue

Up

$1,228,186

Up $22,658 (+1.9%) from 2016

Expenses

Up

$1,452,298

Up $21,669 (+1.5%) from 2016

Net Income

Up

-$224,112

Up $989 (+0.4%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,576,722Liabilities 2010: $1,786,107Net Assets 2010: -$209,3852010Assets 2011: $1,716,559Liabilities 2011: $1,751,713Net Assets 2011: -$35,1542011Assets 2012: $1,689,719Liabilities 2012: $1,698,030Net Assets 2012: -$8,3112012Assets 2013: $5,243,750Liabilities 2013: $5,218,556Net Assets 2013: $25,1942013Assets 2014: $4,669,971Liabilities 2014: $4,806,274Net Assets 2014: -$136,3032014Assets 2015: $4,320,906Liabilities 2015: $4,685,934Net Assets 2015: -$365,0282015Assets 2016: $3,917,213Liabilities 2016: $4,507,342Net Assets 2016: -$590,1292016Assets 2017: $3,610,635Liabilities 2017: $4,424,876Net Assets 2017: -$814,2412017Assets 2018: $3,251,170Liabilities 2018: $4,339,220Net Assets 2018: -$1,088,0502018Assets 2019: $2,891,940Liabilities 2019: $4,269,552Net Assets 2019: -$1,377,6122019Assets 2020: $2,627,560Liabilities 2020: $4,199,722Net Assets 2020: -$1,572,1622020Assets 2021: $2,484,103Liabilities 2021: $4,242,388Net Assets 2021: -$1,758,2852021Assets 2022: $2,075,281Liabilities 2022: $4,065,273Net Assets 2022: -$1,989,9922022Assets 2023: $1,963,196Liabilities 2023: $4,058,724Net Assets 2023: -$2,095,5282023Assets 2024: $1,867,841Liabilities 2024: $3,912,246Net Assets 2024: -$2,044,4052024

Highlighted filing

2017

Assets$3,610,635
Liabilities$4,424,876
Net Assets-$814,241

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $978,1322010Expenses 2011: $992,3322011Expenses 2012: $1,150,6442012Revenue 2013: $1,173,961Expenses 2013: $1,140,456Net Income 2013: $33,5052013Revenue 2014: $1,193,246Expenses 2014: $1,354,743Net Income 2014: -$161,4972014Revenue 2015: $1,164,712Expenses 2015: $1,393,437Net Income 2015: -$228,7252015Revenue 2016: $1,205,528Expenses 2016: $1,430,629Net Income 2016: -$225,1012016Revenue 2017: $1,228,186Expenses 2017: $1,452,298Net Income 2017: -$224,1122017Revenue 2018: $1,248,617Expenses 2018: $1,522,426Net Income 2018: -$273,8092018Revenue 2019: $1,242,966Expenses 2019: $1,532,528Net Income 2019: -$289,5622019Revenue 2020: $1,247,755Expenses 2020: $1,442,305Net Income 2020: -$194,5502020Revenue 2021: $1,378,002Expenses 2021: $1,564,125Net Income 2021: -$186,1232021Revenue 2022: $1,357,242Expenses 2022: $1,613,949Net Income 2022: -$256,7072022Revenue 2023: $1,602,621Expenses 2023: $1,708,157Net Income 2023: -$105,5362023Revenue 2024: $1,918,239Expenses 2024: $1,867,117Net Income 2024: $51,1222024

Highlighted filing

2017

Revenue$1,228,186
Expenses$1,452,298
Net Income-$224,112
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 25, 2018
Return Version
2017v2.3
Gross Receipts
$1,228,186
Mission and Program Overview

Mission

Influenced by christ, lyngblomsten provides a ministry of compassionate care and innovative services to older adults in order to preserve and enhance their quality of life.

To provide a ministry of compassionate care and innovative services to older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,799,701$2,737,282▼ $62,419
Cash and Non-Interest-Bearing Accounts$55,228$76,841▲ $21,613
Prepaid Expenses and Deferred Charges$24,739$24,997▲ $258
Accounts Receivable$5,781$5,957▲ $176
Total Assets$3,917,213$3,610,635▼ $306,578
Other Assets Total$1,031,764$765,558▼ $266,206
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,153,315$4,072,490▼ $80,825
Other Liabilities$256,164$254,123▼ $2,041
Accounts Payable and Accrued Expenses$52,252$53,855▲ $1,603
Escrow Account Liability$45,611$44,408▼ $1,203
Total Liabilities$4,507,342$4,424,876▼ $82,466
Net Assets / Fund Balance
Unrestricted Net Assets$-590,129$-814,241▼ $224,112
Total Net Assets Fund Balance$-590,129$-814,241▼ $224,112
Total Liabilities and Net Assets / Fund Balance$3,917,213$3,610,635▼ $306,578

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,211,995$3,490,228$5,702,223
Equipment$395,287$1,564,026$1,959,313
Land$130,000-$130,000
Other Assets Org$49,864--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill HultHousing ManagerFT$59,197$28,643$87,840
William C SandenFormer Chair (thru Nov 2017)--$3,071$3,071

Board Members and Trustees

NameTitle
Andrew LowtherChair
Jeff HeineckePresident & CEO
Pamela DragsethVice Chair
Bradley J JacobsonCFO
Jane DanielsonSecretary
William StaceyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New HorizonTenant MealsPO BOX 860246, Minneapolis, MN 55486$108,436
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,221,035
Investment Income
$2,027
Other Revenue
$5,124
Change in Net Assets
$-224,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,228,186
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,228,186
Total Revenue per Form 990
$1,228,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$985,517
Salaries, Compensation, and Employee Benefits$466,781
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$331,669$28,252-$359,921
Depreciation Depletion$344,228--$344,228
Other Salaries and Wages$154,944$154,985-$309,929
Fees for Services Other$184,204--$184,204
Current Officers, Directors, Trustees, and Key Employees-$87,839-$87,839
Office Expenses$25,271$31,010-$56,281
Other Employee Benefits$28,138$12,882-$41,020
Payroll Taxes$8,660$11,972-$20,632
Fees for Services Accounting-$19,515-$19,515
Other Expenses$16,657--$16,657
Pension Plan Contributions$4,193$3,168-$7,361
Advertising-$4,703-$4,703
Interest$8--$8
Total Functional Expenses$1,097,972$354,326$0$1,452,298

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,452,298
Total Expenses per Audited Statements$1,452,298
Total Expenses per Form 990$1,452,298
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligation$165,355
Due to Related Party$84,593
Key Deposits$4,175
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The board of directors of lyngblomsten are the members of lyngblomsten apartments, inc.

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

The corporate congregations send delegates to the lyngblomsten annual meeting, who, as members of lyngblomsten, elect the lyngblomsten board. The lyngblomsten' board of directors elects the members of the lyngblomsten senior housing, inc. Board of directors. Lyngblomsten apartment's board of directors consists solely of duly elected and qualified officers of the board of directors of lyngblomsten senior housing, inc. Election as an officer of lyngblomsten senior housing, inc. Constitutes election as a director of lyngblomsten apartments for the same term.

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

Changes in bylaws and articles of incorporation must be approved by the members. In addition, so long as hud is the insurer or holder of the note, no provision required by hud to be inserted into the organizational documents may be amended without hud's prior written approval.

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

The ceo, cfo, and controller review the document, which is emailed to the finance committee of the board prior to their meeting for review and comment. The board receives the document prior to their board meeting by email. Paper copies are available at the board meeting for further discussion and board approval.

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

An updated conflict of interest policy is signed by all officers, directors, and key employees annually. This policy is monitored by the corporate compliance officer and if any conflicts of interests exist that individual is excluded from participation and voting on related transactions.

Form 990, Part VI, Section C, Line 19

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Lyngblomsten Apartments Inc
EIN
41-1327121
Phone
6516462941
Address
1415 ALMOND AVE, ST PAUL, MN 55108

Signing Officer

Name
Bradley J Jacobson
Title
CFO
Phone
6516462941
Signed
2018-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Heinecke
Formed
1977
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
51

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Cory Rutledge
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Lyngblomsten added aromatherapy to enrichment programs offered to tenants of the lyngblomsten apartments and to home health services offered to tenants of the heritage at lyngblomsten. Aromatherapy is the use of essential oils from plants (flowers, herbs, or trees) as therapy to improve physical, emotional, and spiritual well-being. The oils are used to alleviate insomnia, anxiety, pain, headache, agitation, nausea, low energy, heartburn, confusion, and more.

Form 990, Part IX, Line 11G

Purchased services: program service expenses 75,768. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,768. Purchased food services: program service expenses 108,436. Management and general expenses 0. Fundraising expenses 0. Total expenses 108,436.

Financial Statement Notes

PART IV, LINE 2B:

The corporation is the trustee of various tenant funds and has a fiduciary responsibility for the administration of these funds. These funds are on deposit in separate bank accounts.

PART X, LINE 2:

The organization has been granted exempt status relative to federal and minnesota corporate income taxes under section 501(c)(3) of the internal revenue code and applicable state codes. The organization follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on the organization's financial statements. The corporation is not aware of any activities that would jeopardize its tax-exempt status. The corporation is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes.

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IRS990/Desc0IN 2017, LYNGBLOMSTEN APARTMENTS SERVED 129 LOW-INCOME OLDER ADULTS. TENANTS ENJOY NOON MEALS AND SOCIALIZING TOGETHER IN THE DINING ROOM, EDUCATIONAL AND SOCIAL EVENTS (INCLUDING THE ARTS), MOVIES, DEVOTIONS AND BIBLE STUDIES, HEALTH CHECKS, AND SPECIAL EVENTS-ALL OF WHICH CONTRIBUTE TO THEIR OVERALL HEALTH AND WELLNESS. A SERVICE COORDINATOR ASSISTS TENANTS WITH FINDING APPROPRIATE SERVICES/RESOURCES, COMPLETING PAPERWORK, ETC.-BRINGING PEACE OF MIND TO THE TENANTS AND THEIR FAMILIES. ASSISTED LIVING SERVICES ARE AVAILABLE 24/7 THROUGH LYNGBLOMSTEN HOME HEALTH SERVICES. AS TENANTS HAVE BEEN AGING IN PLACE AND BECOMING LESS MOBILE, WE CONTINUE TO EXPLORE WAYS TO MEET THEIR INCREASED NEEDS FOR ACTIVITIES AND SUPPORT. LYNGBLOMSTEN APARTMENTS, INC. IS AFFILIATED WITH LYNGBLOMSTEN AND THE EVANGELICAL LUTHERAN CHURCH IN AMERICA.THE LYNGBLOMSTEN APARTMENTS, THE HERITAGE, AND HOME- AND COMMUNITY-BASED SERVICES SHARE A PART-TIME TRANSPORTATION COORDINATOR TO IMPROVE CONTINUITY OF TRANSPORTATION SERVICES FOR TENANTS AND COMMUNITY PARTICIPANTS. THE BUS SERVICE RELIES ON TRAINED VOLUNTEERS TO DO MOST OF THE DRIVING.
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IRS990/InvestmentIncomeGrp/ExclusionAmt02027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02027
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05054254
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02799701
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02737282
IRS990/LandBldgEquipCostOrOtherBssAmt07791536
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INFLUENCED BY CHRIST, LYNGBLOMSTEN PROVIDES A MINISTRY OF COMPASSIONATE CARE AND INNOVATIVE SERVICES TO OLDER ADULTS IN ORDER TO PRESERVE AND ENHANCE THEIR QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04153315
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04072490
IRS990/NetAssetsOrFundBalancesBOYAmt0-590129
IRS990/NetAssetsOrFundBalancesEOYAmt0-814241
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt028252
IRS990/OccupancyGrp/ProgramServicesAmt0331669
IRS990/OccupancyGrp/TotalAmt0359921
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031010
IRS990/OfficeExpensesGrp/ProgramServicesAmt025271
IRS990/OfficeExpensesGrp/TotalAmt056281
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01031764
IRS990/OtherAssetsTotalGrp/EOYAmt0765558
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012882
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028138
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041020
IRS990/OtherExpensesGrp/Desc0ELDERLY & CONGREGATE SE
IRS990/OtherExpensesGrp/ProgramServicesAmt016657
IRS990/OtherExpensesGrp/TotalAmt016657
IRS990/OtherLiabilitiesGrp/BOYAmt0256164
IRS990/OtherLiabilitiesGrp/EOYAmt0254123
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/ExclusionAmt05124
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05124
IRS990/OtherRevenueTotalAmt05124
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154985
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0154944
IRS990/OtherSalariesAndWagesGrp/TotalAmt0309929
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011972
IRS990/PayrollTaxesGrp/ProgramServicesAmt08660
IRS990/PayrollTaxesGrp/TotalAmt020632
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03168
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04193
IRS990/PensionPlanContributionsGrp/TotalAmt07361
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024739
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024997
IRS990/PrincipalOfficerNm0JEFF HEINECKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1623000
IRS990/ProgramServiceRevenueGrp/BusinessCd2623000
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSIST PAYMENT
IRS990/ProgramServiceRevenueGrp/Desc1APARTMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ELDERLY/CONGREGATE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0663365
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1440323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2117347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0663365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1440323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2117347
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01269
IRS990/PYOtherExpensesAmt0947276
IRS990/PYOtherRevenueAmt04704
IRS990/PYProgramServiceRevenueAmt01199555
IRS990/PYRevenuesLessExpensesAmt0-225101
IRS990/PYSalariesCompEmpBnftPaidAmt0483353
IRS990/PYTotalExpensesAmt01430629
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01205528
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-224112
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01221035
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS LAUNDRY VENDING
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02001
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0234
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0347
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04756
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01221035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01199555
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01160251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01187001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01169293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05937135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02001
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04756
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05124
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04704
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt05125
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt06423
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05303
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026679
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99470
IRS990ScheduleA/PublicSupportPY509Pct00.99390
IRS990ScheduleA/PublicSupportTotal509Amt05937135
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01221035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01199555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01160251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01187001
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01169293
IRS990ScheduleA/Total509Grp/TotalAmt05937135
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01228186
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01206260
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01165610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01193571
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01174943
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05968570
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02211995
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03490228
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05702223
IRS990ScheduleD/EquipmentGrp/BookValueAmt0395287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01564026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01959313
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01452298
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0130000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0591980
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt144708
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233857
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt345149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt449864
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PROJECT FUND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ESCROW FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1165355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt284593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0KEY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ASSET RETIREMENT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01228186
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS THE TRUSTEE OF VARIOUS TENANT FUNDS AND HAS A FIDUCIARY RESPONSIBILITY FOR THE ADMINISTRATION OF THESE FUNDS. THESE FUNDS ARE ON DEPOSIT IN SEPARATE BANK ACCOUNTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS BEEN GRANTED EXEMPT STATUS RELATIVE TO FEDERAL AND MINNESOTA CORPORATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE CODES. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02737282
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0765558
IRS990ScheduleD/TotalExpensesPerForm990Amt01452298
IRS990ScheduleD/TotalLiabilityAmt0254123
IRS990ScheduleD/TotalRevenuePerForm990Amt01228186
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01228186
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01452298
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt02937
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt14473
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0162813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1131092
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt07216

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$3.91$2.04$1.92$1.87$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.96$4.06$2.10$1.60$1.71$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.08$4.07$1.99$1.36$1.61$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.48$4.24$1.76$1.38$1.56$0.19
2020Detailed filing. Detailed filing data is available for this year.$2.63$4.20$1.57$1.25$1.44$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.89$4.27$1.38$1.24$1.53$0.29
2018Detailed filing. Detailed filing data is available for this year.$3.25$4.34$1.09$1.25$1.52$0.27
2017Detailed filing. Detailed filing data is available for this year.$3.61$4.42$0.81$1.23$1.45$0.22
2016Detailed filing. Detailed filing data is available for this year.$3.92$4.51$0.59$1.21$1.43$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.32$4.69$0.37$1.16$1.39$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.67$4.81$0.14$1.19$1.35$0.16
2013Detailed filing. Detailed filing data is available for this year.$5.24$5.22$0.03$1.17$1.14$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$1.70$0.01$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$1.75$0.04$0.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$1.79$0.21$0.98