Civic Intelligence

Living Services Foundation

990 • Fiscal year 2020 • EIN 41-1936717

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

Organization Profilewww.lsfhealth.org

View Organization Page

3109 West 50th Street No 133Minneapolis, MN 55410

(763) 231-0410

Siviq Scores

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

Liabilities / Assets

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.71x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$175,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

56th percentile

8.6%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$9,982,737

Up $790,088 (+8.6%) from 2019

Net Assets

Up

-$2,006,052

Up $350,220 (+15%) from 2019

Liabilities

Up

$11,988,789

Up $439,868 (+3.8%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin51st percentile

Revenue

Up

$6,993,759

Up $926,313 (+15%) from 2019

Expenses

Up

$6,651,219

Up $923,493 (+16%) from 2019

Net Income

Up

$342,540

Up $2,820 (+0.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$60M$40M$20M$0-$20MAssets 2010: $28,324,855Liabilities 2010: $27,918,241Net Assets 2010: $406,6142010Assets 2011: $34,180,217Liabilities 2011: $34,723,033Net Assets 2011: -$542,8162011Assets 2012: $33,567,590Liabilities 2012: $35,253,322Net Assets 2012: -$1,685,7322012Assets 2013: $34,790,428Liabilities 2013: $38,087,772Net Assets 2013: -$3,297,3442013Assets 2014: $37,924,589Liabilities 2014: $42,570,285Net Assets 2014: -$4,645,6962014Assets 2015: $39,744,215Liabilities 2015: $45,934,786Net Assets 2015: -$6,190,5712015Assets 2016: $30,939,425Liabilities 2016: $37,924,240Net Assets 2016: -$6,984,8152016Assets 2017: $10,480,390Liabilities 2017: $12,844,879Net Assets 2017: -$2,364,4892017Assets 2018: $9,477,165Liabilities 2018: $12,143,129Net Assets 2018: -$2,665,9642018Assets 2019: $9,192,649Liabilities 2019: $11,548,921Net Assets 2019: -$2,356,2722019Assets 2020: $9,982,737Liabilities 2020: $11,988,789Net Assets 2020: -$2,006,0522020Assets 2021: $11,713,734Liabilities 2021: $15,388,452Net Assets 2021: -$3,674,7182021Assets 2022: $9,713,975Liabilities 2022: $11,973,387Net Assets 2022: -$2,259,4122022Assets 2023: $8,510,167Liabilities 2023: $13,850,503Net Assets 2023: -$5,340,3362023

Highlighted filing

2020

Assets$9,982,737
Liabilities$11,988,789
Net Assets-$2,006,052
Open 2020 Filing

Operations Trend

Revenue Growth72nd percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $20,346,2362010Expenses 2011: $13,027,1472011Expenses 2012: $3,810,6582012Expenses 2013: $4,346,0042013Revenue 2014: $5,633,864Expenses 2014: $7,049,186Net Income 2014: -$1,415,3222014Revenue 2015: $7,416,486Expenses 2015: $8,976,596Net Income 2015: -$1,560,1102015Revenue 2016: $7,925,186Expenses 2016: $10,074,008Net Income 2016: -$2,148,8222016Revenue 2017: $5,585,331Expenses 2017: $6,121,148Net Income 2017: -$535,8172017Revenue 2018: $4,775,899Expenses 2018: $5,084,959Net Income 2018: -$309,0602018Revenue 2019: $6,067,446Expenses 2019: $5,727,726Net Income 2019: $339,7202019Revenue 2020: $6,993,759Expenses 2020: $6,651,219Net Income 2020: $342,5402020Revenue 2021: $6,646,276Expenses 2021: $6,563,182Net Income 2021: $83,0942021Revenue 2022: $5,482,611Expenses 2022: $4,786,226Net Income 2022: $696,3852022Revenue 2023: $2,152,324Expenses 2023: $3,295,500Net Income 2023: -$1,143,1762023

Highlighted filing

2020

Revenue$6,993,759
Expenses$6,651,219
Net Income$342,540
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$6,993,759
Mission and Program Overview

Mission

The Foundation is organized and shall be operated primarily to own, maintain, operate and conduct, directly or indirectly, housing and long-term care facilities for the elderly and to assist and coordinate activities of facilities for health care, social services, education and research, and do any and all other acts and things and exercise any and all other rights and powers which may be reasonably necessary, incidental, desirable or expedient in the accomplishment of such purposes.

Housing and long-term care facilities for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,973,694$6,657,731▼ $315,963
Savings and Temporary Cash Investments$261,668$1,537,814▲ $1,276,146
Loans From Officers Directors$1,400,000$1,400,000→ $0
Accounts Receivable$503,104$353,013▼ $150,091
Prepaid Expenses and Deferred Charges$68,332$56,767▼ $11,565
Total Assets$9,192,649$9,982,737▲ $790,088
Other Assets Total$1,385,851$1,377,412▼ $8,439
Liabilities
Tax Exempt Bond Liabilities$7,406,367$7,193,664▼ $212,703
Other Liabilities$1,406,820$1,270,110▼ $136,710
Mortgage Notes Payable Secured by Investment Property$916,126$970,166▲ $54,040
Unsecured Notes Loans Payable-$753,676-
Accounts Payable and Accrued Expenses$406,058$390,871▼ $15,187
Escrow Account Liability$13,550$10,302▼ $3,248
Total Liabilities$11,548,921$11,988,789▲ $439,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,356,272$-2,006,052▲ $350,220
Total Net Assets Fund Balance$-2,356,272$-2,006,052▲ $350,220
Total Liabilities and Net Assets / Fund Balance$9,192,649$9,982,737▲ $790,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,868,125$3,134,869$9,002,994
Land$782,122-$782,122
Equipment$7,484$484,365$491,849
Other Land Buildings$0$22,000$22,000
Other Assets Org$151,216--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer GleasonCOO/Secretary/TreasurerFT$175,000$175,000
Dennis KamstraPresident/CEO/Board MemberFT$15,625$15,625

Board Members and Trustees

NameTitle
Robert SundbergChair
Paul SandersBoard Member
Rod PakonenBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Prime Time Healthcare LLCSupplemental Nursing Services15380 Weir Street, Omaha, NE 68137$289,469
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,992,437
Investment Income
$1,322
Other Revenue
$0
Change in Net Assets
$342,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,425,381
Salaries, Compensation, and Employee Benefits$3,222,848
Grants and Similar Amounts Paid$2,990
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,179,460$321,790-$2,501,250
Interest$631,344--$631,344
Depreciation Depletion$384,102--$384,102
Fees for Services Other$339,331--$339,331
Fees for Services Management-$298,245-$298,245
Other Employee Benefits$257,948$20,140-$278,088
Office Expenses$252,013--$252,013
Current Officers, Directors, Trustees, and Key Employees$140,027$79,889-$219,916
Occupancy$200,582--$200,582
Payroll Taxes$184,261$14,446-$198,707
All Other Expenses$89,254--$89,254
Other Expenses$88,774--$88,774
Insurance$66,150--$66,150
Travel$64,363--$64,363
Fees for Services Accounting-$39,983-$39,983
Fees for Services Legal-$32,409-$32,409
Advertising$29,320--$29,320
Pension Plan Contributions$23,078$1,809-$24,887
Conferences and Meetings$18,382--$18,382
Information Technology$14,185--$14,185
Grants to Domestic Individuals$2,990--$2,990
Total Functional Expenses$5,842,508$808,711$0$6,651,219
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,400,000$1,400,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To/From Affiliates$1,244,489
Asset retirement obligation$25,621

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Mora2009-04-30$6,258,382To purchase a nursing & assisted living facility in Mora, MN.
BCity of Mora2013-09-06$4,851,795Refinance a portion of Series 2009 notes issues in 4/30/2009.
CCity of Minneota2013-12-31$4,397,409To purchase a nursing & assisted living facility in Minneota, MN.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,258,382$4,749,701$4,858,382$97,035
B$4,851,795-$1,057,328$34,437
C$4,397,409-$996,432-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
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 2

“Dennis Kamstra and Jennifer Gleason have a family relationship.”

Form 990, Part VI, Section A, line 8B

“No committees are able to act on behalf of the board.”

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

“An electronic draft of the Form 990 is distributed to the full board of directors for review and approval prior to filing with the IRS.”

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

“The Conflict of Interest policy is enforced and consistently monitored. An interested person must disclose the existence of their financial interest to the board considering the proposed transaction or arrangement. The remaining board members then determine if a conflict of interest exists. Corrective action is taken by the board of directors as deemed necessary when a conflict of interest is determined to have occurred. Disclosure of a conflict of interest would prevent that person from taking part in discussions or voting on related issues.”

Form 990, Part VI, Section B, line 15

“The process for determining compensation for the CEO and COO is determined by a compensation survey and study. The compensation is then approved by the independent members of the Board of Directors. The last review took place during the summer of 2020.”

Form 990, Part VI, Section C, line 19

“The Organization makes the governing documents and conflict of interest policy available upon request.”

Filing and Contact Details

Filer

Filer Name
Living Services Foundation
EIN
41-1936717
Phone
7632310410
Address
3109 West 50th Street No 133, Minneapolis, MN 55410

Signing Officer

Name
Jennifer Gleason
Title
Chief Operating Officer
Phone
7632310410
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Gleason
Formed
1999
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
2
Employees
154
Volunteers
5

Preparer

Firm
Eide Bailly LLP
Address
800 Nicollet Mall Ste 1300, Minneapolis, MN 55402-7033
Preparer
Deb Nelson CPA
Phone
6122536500
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

“As a provider of skilled nursing and assisted living services, Living Services Foundation was greatly impacted by the COVID-19 pandemic. Staff made significant changes to our operation in line with CDC guidance, including revising visitation, dining and activity procedures, focus on infection control procedures, and shifts to staffing and other operations in line with a slowing of admissions in need of rehabilitation therapy. We continue to follow CDC guidance and anticipate that our operation will continue to be impacted by COVID-19 beyond fiscal year 2021.”

Form 990, Part XII, Line 2B:

“The financial statements for Living Services Foundation/Minneota, LLC were audited for the year ending June 30, 2020. The combined financial statements for Living Services Foundation/Mora, LL and Benedictine Living Community of Mora were audited for the year ending June 30, 2020.”

Financial Statement Notes

Part IV, Line 2B:

“The Organization acts as custodian for the funds of the residents and holds tenant security deposits. These funds are included in cash and cash equivalents and current liabilities.”

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

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IRS990/Desc0The organization owns and provides management oversight to the following wholly owned subsidiaries:Living Services Foundation/Minneota, LLC consists of a 57-bed skilled nursing facility and 33-unit assisted living facility located in Minneota, Minnesota. Living Services Foundation/Mora, LLC consists of a 65-bed skilled nursing facility, a 35-unit assisted living facility, and clinic space for LSF Mora, LLC, located in Mora, Minnesota. Benedictine Living Community of Mora operates the facilities owned by Living Services Foundation/Mora, LLC and manages a 30 unit assisted living building for a third party in Mora, MN.The organization operates Living Services Foundation - Minneota, Living Services Foundation/Mora, LLC and Benedictine Living Community of Mora.
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IRS990/MissionDesc0The Foundation is organized and shall be operated primarily to own, maintain, operate and conduct, directly or indirectly, housing and long-term care facilities for the elderly and to assist and coordinate activities of facilities for health care, social services, education and research, and do any and all other acts and things and exercise any and all other rights and powers which may be reasonably necessary, incidental, desirable or expedient in the accomplishment of such purposes.
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IRS990/NetAssetsOrFundBalancesEOYAmt0-2006052
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2356272
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2006052
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0200582
IRS990/OccupancyGrp/TotalAmt0200582
IRS990/OfficeExpensesGrp/ProgramServicesAmt0252013
IRS990/OfficeExpensesGrp/TotalAmt0252013
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01385851
IRS990/OtherAssetsTotalGrp/EOYAmt01377412
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020140
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0257948
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0278088
IRS990/OtherExpensesGrp/Desc0Medical Expenses
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2DHS Surcharge
IRS990/OtherExpensesGrp/Desc3Bad Debt Expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt0532910
IRS990/OtherExpensesGrp/ProgramServicesAmt1189209
IRS990/OtherExpensesGrp/ProgramServicesAmt2154825
IRS990/OtherExpensesGrp/ProgramServicesAmt388774
IRS990/OtherExpensesGrp/TotalAmt0532910
IRS990/OtherExpensesGrp/TotalAmt1189209
IRS990/OtherExpensesGrp/TotalAmt2154825
IRS990/OtherExpensesGrp/TotalAmt388774
IRS990/OtherLiabilitiesGrp/BOYAmt01406820
IRS990/OtherLiabilitiesGrp/EOYAmt01270110
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0321790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02179460
IRS990/OtherSalariesAndWagesGrp/TotalAmt02501250
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014446
IRS990/PayrollTaxesGrp/ProgramServicesAmt0184261
IRS990/PayrollTaxesGrp/TotalAmt0198707
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01809
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt023078
IRS990/PensionPlanContributionsGrp/TotalAmt024887
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068332
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056767
IRS990/PrincipalOfficerNm0Jennifer Gleason
IRS990/PriorPeriodAdjustmentsAmt07680
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541610
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0Resident Service Reven
IRS990/ProgramServiceRevenueGrp/Desc1Management Fee Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Lease Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05645242
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1681534
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2528951
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05645242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1681534
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2528951
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02970
IRS990/PYInvestmentIncomeAmt0475
IRS990/PYOtherExpensesAmt02750169
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06066971
IRS990/PYRevenuesLessExpensesAmt0339720
IRS990/PYSalariesCompEmpBnftPaidAmt02974587
IRS990/PYTotalExpensesAmt05727726
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06067446
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0342540
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06992437
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0261668
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01537814
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The organization made amendments to its governing documents and as of December 17, 2017 is no longer a supporting organization under IRC Section 509(a)(3). As such, the organization is completing Part III as publicly supported organization under IRC Section 509(a)(2) beginning with tax year 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01322
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0475
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0875
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02672
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06992437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06066971
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04765024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017824432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01322
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0475
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0875
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02672
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80570
IRS990ScheduleA/PublicSupportPY509Pct00.79030
IRS990ScheduleA/PublicSupportTotal509Amt014370516
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt01190975
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01168220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01104721
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt03463916
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt01190975
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01168220
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01104721
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt03463916
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06992437
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06066971
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04775024
IRS990ScheduleA/Total509Grp/TotalAmt017834432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06993759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06067446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04775899
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017837104
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05868125
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03134869
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09002994
IRS990ScheduleD/EquipmentGrp/BookValueAmt07484
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0484365
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0491849
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0782122
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0782122
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0527367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2670000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3151216
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due To/From Affiliates
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Assets
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Bed Licenses
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Debt reserve fund
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022000
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11244489
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Asset retirement obligation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due To/From Affiliates
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization acts as custodian for the funds of the residents and holds tenant security deposits. These funds are included in cash and cash equivalents and current liabilities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06657731
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01377412
IRS990ScheduleD/TotalLiabilityAmt01270110
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jennifer Gleason
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COO/Secretary/Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd21
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,982,737
Liabilities
$11,988,789
Net assets
-$2,006,052
Revenue
$6,993,759
Expenses
$6,651,219
Net income
$342,540
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$13.9$5.34$2.15$3.30$1.14
2022Summary only. Only limited summary data is available for this year.$9.71$12.0$2.26$5.48$4.79$0.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$15.4$3.67$6.65$6.56$0.08
2020Detailed filing. Detailed filing data is available for this year.$9.98$12.0$2.01$6.99$6.65$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.19$11.5$2.36$6.07$5.73$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.48$12.1$2.67$4.78$5.08$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$12.8$2.36$5.59$6.12$0.54
2016Detailed filing. Detailed filing data is available for this year.$30.9$37.9$6.98$7.93$10.1$2.15
2015Detailed filing. Detailed filing data is available for this year.$39.7$45.9$6.19$7.42$8.98$1.56
2014Detailed filing. Detailed filing data is available for this year.$37.9$42.6$4.65$5.63$7.05$1.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$38.1$3.30$4.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$35.3$1.69$3.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$34.7$0.54$13.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.3$27.9$0.41$20.3