Civic Intelligence

Serenity Suites Senior Living at Wabasso

EIN 47-3550648 • 501(c)3 • Wabasso, MN

Profile

Serenity Suites provides a home with independent living in a compassionate and safe environment where all are treated with dignity and respect.

1381 May StWabasso, MN 56293-1627

www.serenitysuites.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.32x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.20x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

59th percentile

8.9%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$103,138

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.2%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

3.8%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,766,583

Down $39,313 (-2.2%) from 2023

Liabilities

Down

$2,327,330

Down $133,681 (-5.4%) from 2023

Net Assets

Up

-$560,747

Up $94,368 (+14%) from 2023

Revenue

Up

$1,058,381

Up $38,285 (+3.8%) from 2023

Expenses

Up

$964,013

Up $65,971 (+7.3%) from 2023

Net Income

Down

$94,368

Down $27,686 (-23%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $2,394,437Liabilities 2018: $2,638,251Net Assets 2018: -$243,8142018Assets 2019: $2,203,838Liabilities 2019: $2,678,173Net Assets 2019: -$474,3352019Assets 2020: $2,129,639Liabilities 2020: $2,761,664Net Assets 2020: -$632,0252020Assets 2021: $1,982,417Liabilities 2021: $2,763,637Net Assets 2021: -$781,2202021Assets 2022: $1,853,714Liabilities 2022: $2,625,289Net Assets 2022: -$771,5752022Assets 2023: $1,805,896Liabilities 2023: $2,461,011Net Assets 2023: -$655,1152023Assets 2024: $1,766,583Liabilities 2024: $2,327,330Net Assets 2024: -$560,7472024

Highlighted filing

2024

Assets$1,766,583
Liabilities$2,327,330
Net Assets-$560,747

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $102,479Expenses 2018: $334,499Net Income 2018: -$232,0202018Revenue 2019: $523,242Expenses 2019: $752,467Net Income 2019: -$229,2252019Revenue 2020: $768,957Expenses 2020: $933,454Net Income 2020: -$164,4972020Revenue 2021: $656,719Expenses 2021: $807,543Net Income 2021: -$150,8242021Revenue 2022: $838,163Expenses 2022: $828,518Net Income 2022: $9,6452022Revenue 2023: $1,020,096Expenses 2023: $898,042Net Income 2023: $122,0542023Revenue 2024: $1,058,381Expenses 2024: $964,013Net Income 2024: $94,3682024

Highlighted filing

2024

Revenue$1,058,381
Expenses$964,013
Net Income$94,368

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 16, 2025
Return Version
2024v5.2
Gross Receipts
$1,058,381
Mission and Program Overview

Mission

Serenity Suites provides a home with independent living in a compassionate and safe environment where all are treated with dignity and respect.

Senior living in Wabasso MN

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,673,039$1,561,250▼ $111,789
Cash and Non-Interest-Bearing Accounts$63,111$144,815▲ $81,704
Intangible Assets$42,902$41,186▼ $1,716
Accounts Receivable$21,744$13,919▼ $7,825
Savings and Temporary Cash Investments$3,199$3,217▲ $18
Prepaid Expenses and Deferred Charges$1,901$2,196▲ $295
Total Assets$1,805,896$1,766,583▼ $39,313
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,211,408$2,148,422▼ $62,986
Unsecured Notes Loans Payable$153,824$98,139▼ $55,685
Accounts Payable and Accrued Expenses$95,779$80,769▼ $15,010
Total Liabilities$2,461,011$2,327,330▼ $133,681
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-655,115$-560,747▲ $94,368
Total Net Assets Fund Balance$-655,115$-560,747▲ $94,368
Total Liabilities and Net Assets / Fund Balance$1,805,896$1,766,583▼ $39,313

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,331,071$431,456-
Other Land Buildings$171,081$282,521-
Equipment$59,098$89,045-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne BarberExecutive DirectorFT$82,226$20,912$103,138

Board Members and Trustees

NameTitle
Catherine SchwarzPresident
Curtis TrostVice President
Charles DaubDirector
Kelly RohlikDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,717
Program Service Revenue
$1,051,779
Investment Income
$18
Other Revenue
$1,867
All Other Contributions
$4,717
Change in Net Assets
$94,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$503,228
Other Expenses$460,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$355,713--$355,713
Depreciation Depletion$76,879$51,252-$128,131
Occupancy$63,809$42,540-$106,349
Current Officers, Directors, Trustees, and Key Employees$61,883$41,255-$103,138
Interest$40,103$26,735-$66,838
Payroll Taxes$33,784$3,156-$36,940
Fees for Services Management$22,140$14,760-$36,900
Insurance$10,823$7,215-$18,038
Office Expenses$10,346$7,689-$18,035
Other Employee Benefits$6,768$669-$7,437
Advertising$3,311$2,207-$5,518
Information Technology$3,004$2,003-$5,007
Other Expenses$4,687--$4,687
Conferences and Meetings-$1,695-$1,695
All Other Expenses$1,365--$1,365
Travel-$1,012-$1,012
Total Functional Expenses$761,825$202,188$0$964,013
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
Backup withholding compliance
No
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
Yes
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
Yes

Governance Explanations

Part VI Line 3

Minnewaska Community Health Services provides management services for the

Part VI Line 3

Organization, including management of daily operations.

Part VI Line 11B

A copy of the completed Form 990 is provided to each Board Member for

Part VI Line 11B

review prior to filing. The Executive Director reviews the Form 990.

Part VI Line 12C

The policy is enforced annually. The board and management ensure adherence.

Part VI Line 12C

If a conflict arises, the Board is made aware of and discusses it.

Part VI Line 15A or B

Comparability data are used to determine appropriate compensation for the

Part VI Line 15A or B

Executive Director. This is approved annually and documented.

Part VI Line 19

The governing documents, conflict of interest policy, and financial

Part VI Line 19

statements are available to the public upon request.

Part VII Line 1A

Anne Barber, Executive Director, is an employee of Minnewaska Community

Part VII Line 1A

Health Services, an unrelated organization. She rendered services for

Part VII Line 1A

Serenity and was paid by Minnewaska. Serenity reimbursed Minnewaska for her

Part VII Line 1A

wages and benefits.

Filing and Contact Details

Filer

Filer Name
Serenity Suites Senior Living at Wabasso
EIN
47-3550648
In Care Of
% CATHERINE SCHWARZ
Phone
5073422300
Address
1381 MAY ST, WABASSO, MN 56293-1627

Signing Officer

Name
Catherine Schwarz
Title
President
Phone
5073422300
Signed
2025-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine M Schwarz
Formed
2014
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
23
Volunteers
2

Preparer

Firm
Zpm Accounting LLC
Address
PO BOX 4357, CLEARWATER, FL 33758
Preparer
Zachary P Madel
Phone
5078379345
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt057
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01867
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt020516
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08898
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt05470
IRS990ScheduleA/OtherIncome509Grp/TotalAmt037751
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99130
IRS990ScheduleA/PublicSupportPY509Pct00.99060
IRS990ScheduleA/PublicSupportTotal509Amt04304508
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01056496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0999571
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0837162
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0647817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0763462
IRS990ScheduleA/Total509Grp/TotalAmt04304508
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01058381
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01020096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0838163
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0656719
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0768957
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04342316
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01331071
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0431456
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01762527
IRS990ScheduleD/EquipmentGrp/BookValueAmt059098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt089045
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0148143
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0171081
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0282521
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0453602
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01561250
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt082226
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt02960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017952
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANNE BARBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0103138
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minnewaska Community Health Services provides management services for the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization, including management of daily operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the completed Form 990 is provided to each Board Member for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3review prior to filing. The Executive Director reviews the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The policy is enforced annually. The board and management ensure adherence.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5If a conflict arises, the Board is made aware of and discusses it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Comparability data are used to determine appropriate compensation for the
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Executive Director. This is approved annually and documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The governing documents, conflict of interest policy, and financial
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Anne Barber, Executive Director, is an employee of Minnewaska Community
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Health Services, an unrelated organization. She rendered services for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Serenity and was paid by Minnewaska. Serenity reimbursed Minnewaska for her
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13wages and benefits.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part VII Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part VII Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Part VII Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Part VII Line 1a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01805896
IRS990/TotalAssetsEOYAmt01766583
IRS990/TotalAssetsGrp/BOYAmt01805896
IRS990/TotalAssetsGrp/EOYAmt01766583
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04717
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0202188
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0761825
IRS990/TotalFunctionalExpensesGrp/TotalAmt0964013
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02461011
IRS990/TotalLiabilitiesEOYAmt02327330
IRS990/TotalLiabilitiesGrp/BOYAmt02461011
IRS990/TotalLiabilitiesGrp/EOYAmt02327330
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-655115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-560747
IRS990/TotalOtherCompensationAmt020912
IRS990/TotalProgramServiceExpensesAmt0761825
IRS990/TotalProgramServiceRevenueAmt01051779
IRS990/TotalReportableCompFromOrgAmt082226
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01053664
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01058381
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02

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