Civic Intelligence

Benet Place

990 • Fiscal year 2021 • EIN 41-1765356

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 26, 2022

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

99th percentile

2.13x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

9.10x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

12th percentile

-17%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$98,373

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

13th percentile

-5.1%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-4.1%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,220,500

Down $65,407 (-5.1%) from 2020

Net Assets

Down

-$1,378,012

Down $48,904 (-3.7%) from 2020

Liabilities

Down

$2,598,512

Down $16,503 (-0.6%) from 2020

Revenue

Down

$285,419

Down $12,248 (-4.1%) from 2020

Expenses

Up

$334,323

Up $12,703 (+3.9%) from 2020

Net Income

Down

-$48,904

Down $24,951 (-104%) from 2020

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

2021

Assets$1,220,500
Liabilities$2,598,512
Net Assets-$1,378,012

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

2021

Revenue$285,419
Expenses$334,323
Net Income-$48,904
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 26, 2022
Return Version
2020v4.2
Gross Receipts
$285,419
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$1,169,399$1,096,062▼ $73,337
Cash and Non-Interest-Bearing Accounts$24,613$21,599▼ $3,014
Accounts Receivable$2,399$0▼ $2,399
Prepaid Expenses and Deferred Charges$3,906$2,234▼ $1,672
Total Assets$1,285,907$1,220,500▼ $65,407
Other Assets Total$85,590$100,605▲ $15,015
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,577,938$2,577,938→ $0
Escrow Account Liability$12,995$12,754▼ $241
Accounts Payable and Accrued Expenses$24,082$7,820▼ $16,262
Total Liabilities$2,615,015$2,598,512▼ $16,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,329,108$-1,378,012▼ $48,904
Total Net Assets Fund Balance$-1,329,108$-1,378,012▼ $48,904
Total Liabilities and Net Assets / Fund Balance$1,285,907$1,220,500▼ $65,407

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$584,463$1,104,069$1,688,532
Equipment$322,129$607,822$929,951
Land$157,000-$157,000
Leasehold Improvements$32,470$114,487$146,957
Other Assets Org$87,846--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lori NorheimDirectorPT$98,373$98,373

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$276,475
Investment Income
$10
Other Revenue
$8,934
Change in Net Assets
$-48,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,419
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$285,419
Total Revenue per Form 990
$285,419
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,956
Salaries, Compensation, and Employee Benefits$45,367
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$133,608--$133,608
Depreciation Depletion$73,337--$73,337
Fees for Services Management-$33,423-$33,423
Current Officers, Directors, Trustees, and Key Employees-$33,117-$33,117
Fees for Services Accounting-$16,294-$16,294
Other Salaries and Wages$6,000$5,343-$11,343
Office Expenses-$7,202-$7,202
Insurance$4,420--$4,420
Information Technology-$1,511-$1,511
Payroll Taxes$907--$907
Advertising-$161-$161
Interest$117--$117
Other Expenses$1,194$68-$68
Total Functional Expenses$235,531$98,792$0$334,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$334,323
Total Expenses per Audited Statements$334,323
Total Expenses per Form 990$334,323
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 35% controlled entity
No
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 A, Line 8B

There are no other committees who have been designated authority.

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 2021.

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
2022-04-26
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
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
818 SECOND STREET SOUTH SUITE 320, WAITE PARK, MN 56387
Preparer
Nicole M Folkerts
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/OtherExpensesGrp/Desc1WORKSHOP/EDUCATION
IRS990/OtherExpensesGrp/Desc2LICENSE AND PERMITS
IRS990/OtherExpensesGrp/Desc3BACKGROUND CHECKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01673
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt168
IRS990/OtherExpensesGrp/ProgramServicesAmt015948
IRS990/OtherExpensesGrp/ProgramServicesAmt11194
IRS990/OtherExpensesGrp/TotalAmt015948
IRS990/OtherExpensesGrp/TotalAmt11673
IRS990/OtherExpensesGrp/TotalAmt21194
IRS990/OtherExpensesGrp/TotalAmt368
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1812300
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06594
IRS990/OtherRevenueMiscGrp/ExclusionAmt12340
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06594
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12340
IRS990/OtherRevenueTotalAmt08934
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05343
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06000
IRS990/OtherSalariesAndWagesGrp/TotalAmt011343
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0907
IRS990/PayrollTaxesGrp/TotalAmt0907
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03906
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02234
IRS990/PrincipalOfficerNm0SUSAN KRATZKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0276475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0276475
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt038
IRS990/PYOtherExpensesAmt0277922
IRS990/PYOtherRevenueAmt08909
IRS990/PYProgramServiceRevenueAmt0288720
IRS990/PYRevenuesLessExpensesAmt0-23953
IRS990/PYSalariesCompEmpBnftPaidAmt043698
IRS990/PYTotalExpensesAmt0321620
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297667
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-48904
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0276475
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2016 AMOUNT: $ 6,242. 2017 AMOUNT: $ 6,641. 2018 AMOUNT: $ 6,734. 2019 AMOUNT: $ 6,514. 2020 AMOUNT: $ 6,594. LAUNDRY - 2016 AMOUNT: $ 3,131. 2017 AMOUNT: $ 3,172. 2018 AMOUNT: $ 2,749. 2019 AMOUNT: $ 2,395. 2020 AMOUNT: $ 2,340.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0276475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0288720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0276147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0247578
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0236452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01325372
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0187
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08934
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08909
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09483
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09813
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09373
IRS990ScheduleA/OtherIncome509Grp/TotalAmt046512
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.72880
IRS990ScheduleA/PublicSupportPY509Pct00.76420
IRS990ScheduleA/PublicSupportTotal509Amt01000000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt076475
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt088720
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt076147
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt047578
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt036452
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0325372
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt076475
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt088720
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt076147
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt047578
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt036452
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0325372
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0276475
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0288720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0276147
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0247578
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0236452
IRS990ScheduleA/Total509Grp/TotalAmt01325372
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0285419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0297667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0257423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0245898
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01372071
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0584463
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01104069
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01688532
IRS990ScheduleD/EquipmentGrp/BookValueAmt0322129
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0607822
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0929951
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0334323
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0157000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt032470
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114487
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146957
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012759
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt187846
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0285419
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/TotalBookValueLandBuildingsAmt01096062
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0100605
IRS990ScheduleD/TotalExpensesPerForm990Amt0334323
IRS990ScheduleD/TotalRevenuePerForm990Amt0285419
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285419
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0334323
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/ExplanationTxt1THERE ARE NO OTHER COMMITTEES WHO HAVE BEEN DESIGNATED AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4THE 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 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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
2021Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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