Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $973,421

• 1f · All other contributions, gifts and grants

  $3,906,002

• 2a · Program service revenue: RENT REVENUE

  total $20,574,556 · related or exempt $20,574,556

• 2b · Program service revenue: ANCILLARY REVENUE

  total $5,168,295 · related or exempt $5,168,295

• 2c · Program service revenue: TENANT CHARGES

  total $4,478,968 · related or exempt $4,478,968

• 3 · Investment income

  total $120,997 · excluded $120,997

• 7a · Gross sales of assets other than inventory

  other assets $554,357

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $554,357

• 7d · Net gain or loss

  total $554,357 · excluded $554,357

• 11a · Other revenue: MANAGEMENT AND CONSULTING FEES

  total $1,429,191 · excluded $1,429,191

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $488,709 · excluded $488,709

• 11e · Other revenue, total

  $1,917,900

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $18,100,398 · program services $16,290,358 · management and general $1,810,040

• 9 · Other employee benefits

  total $2,028,156 · program services $1,825,340 · management and general $202,816

• 10 · Payroll taxes

  total $1,093,227 · program services $983,904 · management and general $109,323

• 11a · Fees: management

  total $2,852,610 · program services $2,567,349 · management and general $285,261

• 11b · Fees: legal

  total $35,480 · program services $31,932 · management and general $3,548

• 11g · Fees: other

  total $1,180,627 · program services $1,062,564 · management and general $118,063

• 12 · Advertising and promotion

  total $84,877 · program services $76,389 · management and general $8,488

• 13 · Office expenses

  total $1,365,256 · program services $1,228,730 · management and general $136,526

• 14 · Information technology

  total $430,124 · program services $387,112 · management and general $43,012

• 16 · Occupancy

  total $2,280,243 · program services $2,052,219 · management and general $228,024

• 17 · Travel

  total $19,063 · program services $17,157 · management and general $1,906

• 19 · Conferences, conventions and meetings

  total $2,584 · program services $2,326 · management and general $258

• 22 · Depreciation, depletion and amortization

  total $1,982,132 · program services $1,783,919 · management and general $198,213

• 23 · Insurance

  total $612,341 · program services $551,107 · management and general $61,234

• 24a · Other expenses: LICENSES AND PERMITS

  total $704,841 · program services $634,357 · management and general $70,484

• 24b · Other expenses: RESIDENT CARE SUPPLIES

  total $652,477 · program services $587,229 · management and general $65,248

• 24c · Other expenses: DONATION EXPENSE

  total $326,836 · program services $294,152 · management and general $32,684

• 24d · Other expenses: BAD DEBT EXPENSES

  total $104,999 · program services $94,499 · management and general $10,500

• 24e · All other expenses

  total $83,054 · program services $74,742 · management and general $8,312

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,514,304 · end of year $1,321,791

• 4 · Accounts receivable

  beginning of year $792,082 · end of year $8,194,596

• 9 · Prepaid expenses and deferred charges

  end of year $79,452

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

  $52,591,342

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

  $1,775,006

• 10c · Land, buildings and equipment, net

  beginning of year $50,542,000 · end of year $50,816,336

• 15 · Other assets

  beginning of year $0 · end of year $330,492

• 17 · Accounts payable and accrued expenses

  beginning of year $418,196 · end of year $1,762,802

• 19 · Deferred revenue

  beginning of year $963,435 · end of year $890,717

• 20 · Tax-exempt bond liabilities

  beginning of year $4,482,905 · end of year $5,664,393

• 25 · Other liabilities

  beginning of year $2,576,130 · end of year $4,261,864

• 27 · Net assets without donor restrictions

  beginning of year $44,407,720 · end of year $44,554,105

• 28 · Net assets with donor restrictions

  end of year $3,608,786

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE PRESIDENT & CEO IS DETERMINED BY ECUMEN, THE SOLE MEMBER. THE FOLLOWING WERE USED BY ECUMEN TO DETERMINE THE PRESIDENT & CEO'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEY OR STUDY 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ECUMEN MINNEAPOLIS SNELLING YARDS LLLP

  RENTAL · MN

• 4040 WEST 70TH STREET APARTMENTS LP

  RENTAL · MN

Related corporations and trusts

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

• ECUMEN SERVICES INC

  C · MANAGEMENT SERVICES · MN

• ONE TWO ONE DEVELOPMENT LLC

  C · DEVELOPMENT · MN

• ZVAGO COOPERATIVE AT LONG LAKE

  C · DEVELOPMENT · MN

• ECUMEN DBA THE ECUMEN STORE

  C · SENIOR CARE SUPPLIES SERVICES · MN

• ZVAGO COOPERATIVE AT CENTRAL VILLAGE

  C · DEVELOPMENT · MN