Civic Intelligence

Benet Place

990 • Fiscal year 2023 • EIN 41-1765356

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 12, 2024

1420 Minnesota Blvd SESt Cloud, MN 56304

(320) 252-2557

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,114,856

Down $55,308 (-4.7%) from 2022

Net Assets

Down

-$1,499,825

Down $74,346 (-5.2%) from 2022

Liabilities

Up

$2,614,681

Up $19,038 (+0.7%) from 2022

Revenue And Expenses

Revenue

Down

$285,174

Down $12,856 (-4.3%) from 2022

Expenses

Up

$359,520

Up $14,023 (+4.1%) from 2022

Net Income

Down

-$74,346

Down $26,879 (-57%) from 2022

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 2023: $1,114,856Liabilities 2023: $2,614,681Net Assets 2023: -$1,499,8252023Assets 2024: $1,035,238Liabilities 2024: $2,691,649Net Assets 2024: -$1,656,4112024

Highlighted filing

2023

Assets$1,114,856
Liabilities$2,614,681
Net Assets-$1,499,825

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 2023: $285,174Expenses 2023: $359,520Net Income 2023: -$74,3462023Revenue 2024: $509,435Expenses 2024: $707,490Net Income 2024: -$198,0552024

Highlighted filing

2023

Revenue$285,174
Expenses$359,520
Net Income-$74,346
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 12, 2024
Return Version
2022v5.0
Gross Receipts
$285,174
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,022,726$949,389▼ $73,337
Accounts Receivable$502$6,802▲ $6,300
Prepaid Expenses and Deferred Charges$1,636$4,103▲ $2,467
Cash and Non-Interest-Bearing Accounts$21,654$2,156▼ $19,498
Total Assets$1,170,164$1,114,856▼ $55,308
Other Assets Total$123,646$152,406▲ $28,760
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,577,938$2,577,938→ $0
Accounts Payable and Accrued Expenses$5,111$24,164▲ $19,053
Escrow Account Liability$12,594$12,579▼ $15
Total Liabilities$2,595,643$2,614,681▲ $19,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,425,479$-1,499,825▼ $74,346
Total Net Assets Fund Balance$-1,425,479$-1,499,825▼ $74,346
Total Liabilities and Net Assets / Fund Balance$1,170,164$1,114,856▼ $55,308

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,142$1,190,390$1,688,532
Equipment$273,533$656,418$929,951
Land$157,000-$157,000
Leasehold Improvements$20,714$126,243$146,957
Other Assets Org$139,818--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Lori NorheimDirectorPT$101,177$101,177

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$275,857
Investment Income
$122
Other Revenue
$9,195
Change in Net Assets
$-74,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,174
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$285,174
Total Revenue per Form 990
$285,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,580
Salaries, Compensation, and Employee Benefits$48,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$155,952--$155,952
Depreciation Depletion$73,337--$73,337
Current Officers, Directors, Trustees, and Key Employees-$39,958-$39,958
Fees for Services Management-$33,348-$33,348
Fees for Services Accounting-$17,092-$17,092
Other Salaries and Wages$6,000$2,114-$8,114
Office Expenses-$5,486-$5,486
Insurance$3,377--$3,377
Information Technology-$2,036-$2,036
Payroll Taxes$868--$868
Interest$110--$110
Other Expenses$1,161$51-$51
Total Functional Expenses$258,241$101,279$0$359,520

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,520
Total Expenses per Audited Statements$359,520
Total Expenses per Form 990$359,520
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

Copies of the 990 draft are provided to the board prior to the meeting to review. The topic is brought forward with discussion and presentation of any major changes over the prior year then it is brought for a vote to approve.

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

The board members are required to review and sign a conflict-of-interest questionnaire twice a year. 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 then reviewed with the executive committee of the board. The corporate compliance officer is responsible for monitoring conflicts of interests related to the 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/her self 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 compensation and benefits are subject to full compensation and benefits comparability studies conducted biennially by a third party independent compensation consultant. However, the compensation portion of the study is reviewed annually by the consultant and updated for compensation committee and board of directors review and approval. The process described here was last completed in 2023.

Form 990, Part VI, Section C, Line 19

Documents are available upon request to view in person.

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
Andrea Smart
Title
VP of Finance
Phone
3202522557
Signed
2024-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Linn
Formed
1993
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Cliftonlarsonallen Llp
Address
4150 2ND STREET SOUTH SUITE 400, ST CLOUD, MN 56301
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/PYOtherExpensesAmt0298778
IRS990/PYOtherRevenueAmt09828
IRS990/PYProgramServiceRevenueAmt0288191
IRS990/PYRevenuesLessExpensesAmt0-47467
IRS990/PYSalariesCompEmpBnftPaidAmt046719
IRS990/PYTotalExpensesAmt0345497
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298030
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-74346
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0275857
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2018 AMOUNT: $ 6,734. 2019 AMOUNT: $ 6,514. 2020 AMOUNT: $ 6,594. 2021 AMOUNT: $ 7,455. 2022 AMOUNT: $ 6,940. LAUNDRY - 2018 AMOUNT: $ 2,749. 2019 AMOUNT: $ 2,395. 2020 AMOUNT: $ 2,340. 2021 AMOUNT: $ 2,373. 2022 AMOUNT: $ 2,255.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0215
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0275857
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0288191
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0276475
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0288720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0276147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01405390
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0215
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09195
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt09828
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08934
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08909
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09483
IRS990ScheduleA/OtherIncome509Grp/TotalAmt046349
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.68870
IRS990ScheduleA/PublicSupportPY509Pct00.70570
IRS990ScheduleA/PublicSupportTotal509Amt01000000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt075857
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt088191
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt076475
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt088720
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt076147
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0405390
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt075857
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt088191
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt076475
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt088720
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt076147
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0405390
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0275857
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0288191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0276475
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0288720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0276147
IRS990ScheduleA/Total509Grp/TotalAmt01405390
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0285174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0298030
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0297667
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0285664
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01451954
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0498142
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01190390
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01688532
IRS990ScheduleD/EquipmentGrp/BookValueAmt0273533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0656418
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0929951
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0359520
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0157000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0157000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020714
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0126243
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0146957
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012588
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1139818
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1FUNDED RESERVES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0285174
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/TotalBookValueLandBuildingsAmt0949389
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0152406
IRS990ScheduleD/TotalExpensesPerForm990Amt0359520
IRS990ScheduleD/TotalRevenuePerForm990Amt0285174
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285174
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0359520
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/ExplanationTxt2COPIES OF THE 990 DRAFT ARE PROVIDED TO THE BOARD PRIOR TO THE MEETING TO REVIEW. THE TOPIC IS BROUGHT FORWARD WITH DISCUSSION AND PRESENTATION OF ANY MAJOR CHANGES OVER THE PRIOR YEAR THEN IT IS BROUGHT FOR A VOTE TO APPROVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT-OF-INTEREST QUESTIONNAIRE TWICE A YEAR. 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 THEN REVIEWED WITH THE EXECUTIVE COMMITTEE OF THE BOARD. THE CORPORATE COMPLIANCE OFFICER IS RESPONSIBLE FOR MONITORING CONFLICTS OF INTERESTS RELATED TO THE 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/HER SELF 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 COMPENSATION AND BENEFITS ARE SUBJECT TO FULL COMPENSATION AND BENEFITS COMPARABILITY STUDIES CONDUCTED BIENNIALLY BY A THIRD PARTY INDEPENDENT COMPENSATION CONSULTANT. HOWEVER, THE COMPENSATION PORTION OF THE STUDY IS REVIEWED ANNUALLY BY THE CONSULTANT AND UPDATED FOR COMPENSATION COMMITTEE AND BOARD OF DIRECTORS REVIEW AND APPROVAL. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST TO VIEW IN PERSON.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ST BENEDICT'S SENIOR COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BENET PLACE SOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411321978
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1411894399
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN

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
2023Detailed filing. Detailed filing data is available for this year.$1.11$2.61$1.50$0.29$0.36$0.07
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
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