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Nonprofiteer
← WAYZATA BAY SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by WAYZATA BAY SENIOR HOUSING INC.

Totals

Total revenue
$21,972,550
Total expenses
$22,838,396
Contributions and grants received
$75,794
Grants paid
$9,597
Program service revenue
$21,680,343
Investment income
$322,656
Other revenue
-$106,243
Total assets, end of year
$155,220,264
Total liabilities, end of year
$138,522,140
Net assets or fund balances, end of year
$16,698,124
Program services expenses (Part IX)
$19,795,754
Management and general expenses
$3,042,642
Fundraising expenses
$0
Program service expenses (Part III)
$19,795,754

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DANIEL LINDH

    CEO

    Total calculated
    $862,457
    From this org
    $0
    From related orgs
    $836,839
    Other
    $25,618
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $813,148 related
    Bonus
    $0
    Other
    $0 + $23,691 related
    Deferred
    $0 + $14,750 related
    Nontaxable benefits
    $0 + $10,868 related
    Filer's total
    $0 + $862,457 related

  • MARK MEYER

    CFO

    Total calculated
    $478,878
    From this org
    $0
    From related orgs
    $449,215
    Other
    $29,663
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,562 related
    Bonus
    $0
    Other
    $0 + $23,653 related
    Deferred
    $0 + $14,750 related
    Nontaxable benefits
    $0 + $14,913 related
    Filer's total
    $0 + $478,878 related

  • DUANE LARSON

    SVP OPERATIONS (THRU 12.31.22)

    Total calculated
    $351,791
    From this org
    $0
    From related orgs
    $329,917
    Other
    $21,874
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,632 related
    Bonus
    $0
    Other
    $0 + $21,285 related
    Deferred
    $0 + $14,750 related
    Nontaxable benefits
    $0 + $7,124 related
    Filer's total
    $0 + $351,791 related

  • MARK PEDERSON

    SVP OPERATIONS (AS OF 1.1.23)

    Total calculated
    $212,529
    From this org
    $0
    From related orgs
    $189,597
    Other
    $22,932
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,833 related
    Bonus
    $0
    Other
    $0 + $764 related
    Deferred
    $0 + $8,019 related
    Nontaxable benefits
    $0 + $14,913 related
    Filer's total
    $0 + $212,529 related

  • JONATHAN FLETCHER

    VP DEVELOPMENT

    Total calculated
    $383,339
    From this org
    $0
    From related orgs
    $358,151
    Other
    $25,188
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,146 related
    Bonus
    $0
    Other
    $0 + $7,005 related
    Deferred
    $0 + $12,702 related
    Nontaxable benefits
    $0 + $12,486 related
    Filer's total
    $0 + $383,339 related

  • TERESA LARSON

    SVP HUMAN RESOURCES

    Total calculated
    $163,557
    From this org
    $0
    From related orgs
    $153,546
    Other
    $10,011
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,510 related
    Bonus
    $0
    Other
    $0 + $8,036 related
    Deferred
    $0 + $7,695 related
    Nontaxable benefits
    $0 + $2,316 related
    Filer's total
    $0 + $163,557 related

  • JODI DEVICK NEAL

    CAMPUS ADMINISTRATOR

    Total calculated
    $172,042
    From this org
    $158,509
    From related orgs
    $0
    Other
    $13,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,229
    Bonus
    $0
    Other
    $280
    Deferred
    $7,708
    Nontaxable benefits
    $5,825
    Filer's total
    $172,042

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1B
THE CEO'S COMPENSATION IS DETERMINED BY PRESBYTERIAN HOMES AND SERVICES, A RELATED ORGANIZATION. PRESBYTERIAN HOMES AND SERVICES USES THE FOLLOWING TO DETERMINE THE CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 4. COMPENSATION SURVEY OR STUDY

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WAYZATA BAY PLAZA RETAIL LLC

    C · RETAIL · MN · 100% owned · share of income $502,503 · share of assets $12,999,243 · controlled entity

    Directly controlled by WAYZATA BAY SENIOR HOUSING INC

  • WAYZATA BAY WEST RETAIL LLC

    C · RETAIL · MN · 100% owned · share of income $943,982 · share of assets $16,144,905 · controlled entity

    Directly controlled by WAYZATA BAY SENIOR HOUSING INC

  • WAYZATA BAY EAST RETAIL LLC

    C · RETAIL · MN · 100% owned · share of income $113,722 · share of assets $10,915,996 · controlled entity

    Directly controlled by WAYZATA BAY SENIOR HOUSING INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2024
IRS schema version
2022v5.0
Source object
202402259349301110

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