Civic Intelligence

Benet Place

990 • Fiscal year 2018 • EIN 41-1765356

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 24, 2019

1420 Minnesota Blvd SESt Cloud, MN 56304

(320) 252-2557

Siviq Scores

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

Liabilities / Assets

98th percentile

1.94x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

10.16x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$73,601

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

27th percentile

-4.2%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

4.7%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,348,907

Down $58,583 (-4.2%) from 2017

Net Assets

Down

-$1,267,284

Down $74,492 (-6.2%) from 2017

Liabilities

Up

$2,616,191

Up $15,909 (+0.6%) from 2017

Revenue

Up

$257,423

Up $11,525 (+4.7%) from 2017

Expenses

Up

$331,915

Up $6,310 (+1.9%) from 2017

Net Income

Up

-$74,492

Up $5,215 (+6.5%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $1,840,804Liabilities 2011: $2,602,879Net Assets 2011: -$762,0752011Assets 2012: $1,778,132Liabilities 2012: $2,594,709Net Assets 2012: -$816,5772012Assets 2013: $1,711,978Liabilities 2013: $2,599,061Net Assets 2013: -$887,0832013Assets 2014: $1,643,784Liabilities 2014: $2,593,869Net Assets 2014: -$950,0852014Assets 2015: $1,583,083Liabilities 2015: $2,603,946Net Assets 2015: -$1,020,8632015Assets 2016: $1,507,401Liabilities 2016: $2,620,486Net Assets 2016: -$1,113,0852016Assets 2017: $1,407,490Liabilities 2017: $2,600,282Net Assets 2017: -$1,192,7922017Assets 2018: $1,348,907Liabilities 2018: $2,616,191Net Assets 2018: -$1,267,2842018Assets 2019: $1,323,007Liabilities 2019: $2,628,162Net Assets 2019: -$1,305,1552019Assets 2020: $1,285,907Liabilities 2020: $2,615,015Net Assets 2020: -$1,329,1082020Assets 2021: $1,220,500Liabilities 2021: $2,598,512Net Assets 2021: -$1,378,0122021Assets 2022: $1,170,164Liabilities 2022: $2,595,643Net Assets 2022: -$1,425,4792022Assets 2023: $1,133,539Liabilities 2023: $2,591,895Net Assets 2023: -$1,458,3562023Assets 2024: $1,035,238Liabilities 2024: $2,691,649Net Assets 2024: -$1,656,4112024

Highlighted filing

2018

Assets$1,348,907
Liabilities$2,616,191
Net Assets-$1,267,284

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $287,9512011Expenses 2012: $282,7682012Expenses 2013: $286,7962013Revenue 2014: $229,702Expenses 2014: $292,704Net Income 2014: -$63,0022014Revenue 2015: $223,758Expenses 2015: $294,536Net Income 2015: -$70,7782015Revenue 2016: $221,834Expenses 2016: $314,056Net Income 2016: -$92,2222016Revenue 2017: $245,898Expenses 2017: $325,605Net Income 2017: -$79,7072017Revenue 2018: $257,423Expenses 2018: $331,915Net Income 2018: -$74,4922018Revenue 2019: $285,664Expenses 2019: $323,535Net Income 2019: -$37,8712019Revenue 2020: $297,667Expenses 2020: $321,620Net Income 2020: -$23,9532020Revenue 2021: $285,419Expenses 2021: $334,323Net Income 2021: -$48,9042021Revenue 2022: $298,030Expenses 2022: $345,497Net Income 2022: -$47,4672022Revenue 2023: $270,156Expenses 2023: $228,687Net Income 2023: $41,4692023Revenue 2024: $509,435Expenses 2024: $707,490Net Income 2024: -$198,0552024

Highlighted filing

2018

Revenue$257,423
Expenses$331,915
Net Income-$74,492
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 24, 2019
Return Version
2017v2.3
Gross Receipts
$257,423
Mission and Program Overview

Mission

To provide affordable housing to very low-income elderly persons.

To provide affordable housing to very low income elderly persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,329,573$1,265,275▼ $64,298
Cash and Non-Interest-Bearing Accounts$13,984$19,377▲ $5,393
Prepaid Expenses and Deferred Charges$1,395$904▼ $491
Accounts Receivable$111$871▲ $760
Total Assets$1,407,490$1,348,907▼ $58,583
Other Assets Total$62,427$62,480▲ $53
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,577,938$2,577,938→ $0
Accounts Payable and Accrued Expenses$8,546$24,301▲ $15,755
Escrow Account Liability$13,798$13,952▲ $154
Total Liabilities$2,600,282$2,616,191▲ $15,909
Net Assets / Fund Balance
Unrestricted Net Assets$-1,192,792$-1,267,284▼ $74,492
Total Net Assets Fund Balance$-1,192,792$-1,267,284▼ $74,492
Total Liabilities and Net Assets / Fund Balance$1,407,490$1,348,907▼ $58,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$713,946$974,586$1,688,532
Equipment$342,201$538,759$880,960
Land$157,000-$157,000
Leasehold Improvements$52,128$94,829$146,957
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lori NorheimDirectorPT$73,601$73,601

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$247,578
Investment Income
$32
Other Revenue
$9,813
Change in Net Assets
$-74,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$257,423
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$257,423
Total Revenue per Form 990
$257,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,064
Salaries, Compensation, and Employee Benefits$40,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$150,105--$150,105
Depreciation Depletion$71,648--$71,648
Fees for Services Management-$28,713-$28,713
Current Officers, Directors, Trustees, and Key Employees$27,362--$27,362
Fees for Services Accounting-$13,825-$13,825
Other Salaries and Wages$6,985$5,567-$12,552
Office Expenses-$7,713-$7,713
Insurance$2,836--$2,836
Advertising-$1,352-$1,352
Information Technology-$1,068-$1,068
Payroll Taxes$937--$937
Interest$126--$126
Other Expenses$1,169$98-$98
Fees for Services Legal-$98-$98
Travel-$92-$92
Total Functional Expenses$272,889$59,026$0$331,915

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$331,915
Total Expenses per Audited Statements$331,915
Total Expenses per Form 990$331,915
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
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Per the organization's bylaws, board of directors shall be appointed by the board of directors of the saint cloud hospital. A person employed by the saint cloud hospital or st. Benedict's center may be appointed a director, but such person may not vote.

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

The 990 will be distributed to all board members via e-mail with directions to direct any questions or clarifications needed to management. The board will be asked to approve the final document.

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

The board members are required to review and sign a conflict of interest questionnaire on a bi-annual basis. All staff sign conflict of interest forms on an annual basis. The questionnaires are reviewed by the corporate compliance officer as well as the corporate compliance group (a compliance committee which includes internal members and outside counsel). The responses to the questionnaires are reviewed with the executive committee of the board. The corporate compliance officer is responsible for monitoring conflicts of interest related to board and staff, and to alert affected parties when a conflict arises. When an actual conflict arises, the affected party is asked to recuse him or herself from the decision making process. The corporate compliance officer attends board meetings and specified board committee meetings where conflict issues may arise.

Form 990, Part VI, Section B, Line 15A

The director's compensation is independently reviewed annually with outside comparatives by human resources. The most recent fiscal year this was conducted was in fiscal year 2017.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statments are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Benet Place
EIN
41-1765356
Phone
3202522557
Address
1420 MINNESOTA BLVD SE, ST CLOUD, MN 56304

Signing Officer

Name
Gary Anderst
Title
Chief Financial Officer
Phone
3202522557
Signed
2019-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Kratzke
Formed
1993
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
8

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND ST SO SUITE 320, WAITE PARK, MN 56387
Preparer
Christine M Stanz
Phone
3202035500
Supplemental Narrative

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 1% simple interest as a liability.

PART X, LINE 2:

No provision for income taxes has been made in these financial statements. The project is a non-profit corporation and, therefore, is exempt from federal and state income taxes. The project is not a private foundation and contributions to the project qualify as a charitable deduction by the contributor.

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IRS990/OtherAssetsTotalGrp/EOYAmt062480
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SERVICE COORDINATOR
IRS990/OtherExpensesGrp/Desc1LICENSE AND PERMITS
IRS990/OtherExpensesGrp/Desc2WORKSHOP/EDUCATION
IRS990/OtherExpensesGrp/Desc3BACKGROUND CHECKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt198
IRS990/OtherExpensesGrp/ProgramServicesAmt011721
IRS990/OtherExpensesGrp/ProgramServicesAmt11169
IRS990/OtherExpensesGrp/TotalAmt011721
IRS990/OtherExpensesGrp/TotalAmt11169
IRS990/OtherExpensesGrp/TotalAmt2500
IRS990/OtherExpensesGrp/TotalAmt398
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1812300
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06641
IRS990/OtherRevenueMiscGrp/ExclusionAmt13172
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06641
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13172
IRS990/OtherRevenueTotalAmt09813
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05567
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06985
IRS990/OtherSalariesAndWagesGrp/TotalAmt012552
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0937
IRS990/PayrollTaxesGrp/TotalAmt0937
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01395
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0904
IRS990/PrincipalOfficerNm0SUSAN KRATZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0247578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0247578
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073
IRS990/PYOtherExpensesAmt0283720
IRS990/PYOtherRevenueAmt09373
IRS990/PYProgramServiceRevenueAmt0236452
IRS990/PYRevenuesLessExpensesAmt0-79707
IRS990/PYSalariesCompEmpBnftPaidAmt041885
IRS990/PYTotalExpensesAmt0325605
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0245898
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-74492
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0247578
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2013 AMOUNT: $ 6,191. 2014 AMOUNT: $ 6,257. 2015 AMOUNT: $ 5,867. 2016 AMOUNT: $ 6,242. 2017 AMOUNT: $ 6,641. LAUNDRY - 2013 AMOUNT: $ 3,395. 2014 AMOUNT: $ 3,144. 2015 AMOUNT: $ 3,198. 2016 AMOUNT: $ 3,131. 2017 AMOUNT: $ 3,172.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0133
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0183
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0599
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0247578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0236452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0212636
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0214179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0219933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01130778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0133
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0599
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09813
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09373
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09065
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09401
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09586
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047238
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85270
IRS990ScheduleA/PublicSupportPY509Pct00.87910
IRS990ScheduleA/PublicSupportTotal509Amt01005000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt042578
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt036452
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt012636
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt014179
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt019933
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0125778
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt042578
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt036452
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt012636
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt014179
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt019933
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0125778
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0247578
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0236452
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0212636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0214179
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0219933
IRS990ScheduleA/Total509Grp/TotalAmt01130778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0257423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0245898
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0221834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0223758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0229702
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01178615
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0713946
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0974586
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01688532
IRS990ScheduleD/EquipmentGrp/BookValueAmt0342201
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0538759
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0880960
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0331915
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0157000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt052128
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt094829
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146957
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0257423
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HOLDS IN TRUST, SECURITY DEPOSITS ADVANCED BY THE TENANTS OF THE PROJECT. THE PROJECT RECORDS THESE DEPOSITS PLUS 1% SIMPLE INTEREST AS A LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE PROJECT IS A NON-PROFIT CORPORATION AND, THEREFORE, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE PROJECT IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE PROJECT QUALIFY AS A CHARITABLE DEDUCTION BY THE CONTRIBUTOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01265275
IRS990ScheduleD/TotalExpensesPerForm990Amt0331915
IRS990ScheduleD/TotalRevenuePerForm990Amt0257423
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0257423
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0331915
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER THE ORGANIZATION'S BYLAWS, BOARD OF DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE SAINT CLOUD HOSPITAL. A PERSON EMPLOYED BY THE SAINT CLOUD HOSPITAL OR ST. BENEDICT'S CENTER MAY BE APPOINTED A DIRECTOR, BUT SUCH PERSON MAY NOT VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WILL BE DISTRIBUTED TO ALL BOARD MEMBERS VIA E-MAIL WITH DIRECTIONS TO DIRECT ANY QUESTIONS OR CLARIFICATIONS NEEDED TO MANAGEMENT. THE BOARD WILL BE ASKED TO APPROVE THE FINAL DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ON A BI-ANNUAL BASIS. ALL STAFF SIGN CONFLICT OF INTEREST FORMS ON AN ANNUAL BASIS. THE QUESTIONNAIRES ARE REVIEWED BY THE CORPORATE COMPLIANCE OFFICER AS WELL AS THE CORPORATE COMPLIANCE GROUP (A COMPLIANCE COMMITTEE WHICH INCLUDES INTERNAL MEMBERS AND OUTSIDE COUNSEL). THE RESPONSES TO THE QUESTIONNAIRES ARE REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THE CORPORATE COMPLIANCE OFFICER IS RESPONSIBLE FOR MONITORING CONFLICTS OF INTEREST RELATED TO BOARD AND STAFF, AND TO ALERT AFFECTED PARTIES WHEN A CONFLICT ARISES. WHEN AN ACTUAL CONFLICT ARISES, THE AFFECTED PARTY IS ASKED TO RECUSE HIM OR HERSELF FROM THE DECISION MAKING PROCESS. THE CORPORATE COMPLIANCE OFFICER ATTENDS BOARD MEETINGS AND SPECIFIED BOARD COMMITTEE MEETINGS WHERE CONFLICT ISSUES MAY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DIRECTOR'S COMPENSATION IS INDEPENDENTLY REVIEWED ANNUALLY WITH OUTSIDE COMPARATIVES BY HUMAN RESOURCES. THE MOST RECENT FISCAL YEAR THIS WAS CONDUCTED WAS IN FISCAL YEAR 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.04$2.69$1.66$0.51$0.71$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$2.59$1.46$0.27$0.23$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$2.60$1.43$0.30$0.35$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$2.60$1.38$0.29$0.33$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$2.62$1.33$0.30$0.32$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$2.63$1.31$0.29$0.32$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.35$2.62$1.27$0.26$0.33$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.60$1.19$0.25$0.33$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$2.62$1.11$0.22$0.31$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.58$2.60$1.02$0.22$0.29$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.64$2.59$0.95$0.23$0.29$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$2.60$0.89$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$2.59$0.82$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$2.60$0.76$0.29