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Nonprofiteer
← SHINGLE CREEK SENIOR HOUSING

Form 990 for tax year 2023

Filed by SHINGLE CREEK SENIOR HOUSING.

Totals

Total revenue
$859,411
Total expenses
$1,128,868
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$859,323
Investment income
$88
Other revenue
$0
Total assets, end of year
$3,531,082
Total liabilities, end of year
$9,011,441
Net assets or fund balances, end of year
-$5,480,359
Program services expenses (Part IX)
$1,128,868
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,128,868

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: TENANT RENTS

    total $849,938 · related or exempt $849,938

  • 2b · Program service revenue: MISCELLANEOUS

    total $9,385 · related or exempt $9,385

  • 3 · Investment income

    total $88 · excluded $88

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $39,206 · program services $39,206

  • 11b · Fees: legal

    total $1,725 · program services $1,725

  • 11c · Fees: accounting

    total $11,535 · program services $11,535

  • 12 · Advertising and promotion

    total $1,483 · program services $1,483

  • 13 · Office expenses

    total $13,289 · program services $13,289

  • 16 · Occupancy

    total $112,062 · program services $112,062

  • 20 · Interest

    total $295,091 · program services $295,091

  • 22 · Depreciation, depletion and amortization

    total $186,308 · program services $186,308

  • 23 · Insurance

    total $44,843 · program services $44,843

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $274,164 · program services $274,164

  • 24b · Other expenses: ADMINISTRATIVE

    total $69,303 · program services $69,303

  • 24c · Other expenses: TAXES AND INSURANCE

    total $42,327 · program services $42,327

  • 24d · Other expenses: OTHER FINANCIAL EXPENSE

    total $24,188 · program services $24,188

  • 24e · All other expenses

    total $13,344 · program services $13,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,055 · end of year $39,895

  • 2 · Savings and temporary cash investments

    beginning of year $39,954 · end of year $38,479

  • 4 · Accounts receivable

    beginning of year $15,021 · end of year $51,743

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,321 · end of year $3,014

  • 10a · Land, buildings and equipment: cost or other basis

    $7,338,049

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,093,018

  • 10c · Land, buildings and equipment, net

    beginning of year $3,422,346 · end of year $3,245,031

  • 15 · Other assets

    beginning of year $149,806 · end of year $152,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,007,311 · end of year $1,200,231

  • 19 · Deferred revenue

    beginning of year $22,613 · end of year $20,879

  • 23 · Secured mortgages and notes payable

    beginning of year $7,833,785 · end of year $7,752,580

  • 25 · Other liabilities

    beginning of year $39,696 · end of year $37,751

  • 27 · Net assets without donor restrictions

    beginning of year -$5,210,902 · end of year -$5,480,359

Mission and programs · 2023

Mission

TO PROVIDE HOUSING AND SERVICES TO ELDERLY PERSONS.

  • TO PROVIDE THE ELDERLY WITH 75 HOUSING UNITS AND ASSISTED LIVING SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

    Expenses $1,128,868 · Revenue $859,323

As filed on the 2023 return.

Listed in Part VII

  • STEVE KORNGABLE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEFF STRAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE POWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRINA JOHNSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH BRIGGS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DANIEL ELDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY WALTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA RILEY

    CFO OF COMMONBOND

    Total calculated
    $214,273
    From this org
    $0
    From related orgs
    $195,428
    Other
    $18,845
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,428 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,845 related
    Filer's total
    $0 + $214,273 related

  • THOMAS ADAMS

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $221,406
    From this org
    $0
    From related orgs
    $202,488
    Other
    $18,918
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,488 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,918 related
    Filer's total
    $0 + $221,406 related

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

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.

  • COMMONBOND COMMUNITIES

    501(C)(3) · PROVIDING HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES. · MN

    Directly controlled by COMMONBOND COMMUNITIES

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202431359349308623

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