Totals
- Total revenue
- $1,253,912
- Total expenses
- $1,130,646
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,230,932
- Investment income
- $247
- Other revenue
- $22,733
- Total assets, end of year
- $1,245,307
- Total liabilities, end of year
- $2,771,093
- Net assets or fund balances, end of year
- -$1,525,786
- Program services expenses (Part IX)
- $823,978
- Management and general expenses
- $306,668
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $823,978
Program services were 72.9% 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: RESIDENT REVENUE
total $1,230,932 · related or exempt $1,230,932
-
3 · Investment income
total $247 · excluded $247
-
11a · Other revenue: LAUNDRY REVENUE
total $19,357 · excluded $19,357
-
11b · Other revenue: MISCELLANEOUS INCOME
total $3,376 · excluded $3,376
-
11e · Other revenue, total
$22,733
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $241,231 · program services $125,840 · management and general $115,391
-
8 · Pension plan contributions
total $9,462 · program services $5,063 · management and general $4,399
-
9 · Other employee benefits
total $36,502 · program services $21,625 · management and general $14,877
-
10 · Payroll taxes
total $15,412 · program services $15,412
-
11a · Fees: management
total $109,335 · management and general $109,335
-
11b · Fees: legal
total $408 · management and general $408
-
11c · Fees: accounting
total $14,201 · management and general $14,201
-
11g · Fees: other
total $17,891 · program services $17,791 · management and general $100
-
12 · Advertising and promotion
total $226 · management and general $226
-
13 · Office expenses
total $43,912 · program services $20,434 · management and general $23,478
-
14 · Information technology
total $17,430 · program services $2,388 · management and general $15,042
-
16 · Occupancy
total $215,370 · program services $213,844 · management and general $1,526
-
17 · Travel
total $2,460 · program services $2,460
-
19 · Conferences, conventions and meetings
total $2,319 · management and general $2,319
-
20 · Interest
total $178,744 · program services $178,744
-
22 · Depreciation, depletion and amortization
total $109,576 · program services $109,576
-
23 · Insurance
total $57,459 · program services $57,459
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $52,026 · program services $51,194 · management and general $832
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $2,884 · management and general $2,884
-
24c · Other expenses: LICENSES AND PERMITS
total $2,148 · program services $2,148
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $816 · management and general $816
-
24e · All other expenses
total $834 · management and general $834
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7 · end of year $44,788
-
4 · Accounts receivable
beginning of year $1,968 · end of year $715
-
9 · Prepaid expenses and deferred charges
beginning of year $29,726 · end of year $17,003
-
10a · Land, buildings and equipment: cost or other basis
$4,819,601
-
10b · Land, buildings and equipment: accumulated depreciation
$3,986,745
-
10c · Land, buildings and equipment, net
beginning of year $879,293 · end of year $832,856
-
15 · Other assets
beginning of year $273,511 · end of year $349,945
-
17 · Accounts payable and accrued expenses
beginning of year $31,645 · end of year $59,999
-
19 · Deferred revenue
beginning of year $3,897 · end of year $3,457
-
21 · Escrow or custodial account liability
beginning of year $47,506 · end of year $47,848
-
23 · Secured mortgages and notes payable
beginning of year $2,721,139 · end of year $2,650,641
-
25 · Other liabilities
beginning of year $29,370 · end of year $9,148
-
27 · Net assets without donor restrictions
beginning of year -$1,649,052 · end of year -$1,525,786
Mission and programs · 2024
Mission
PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS.
Activities or mission (Part I)
TO PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS.
-
PROVIDE ELDERLY AND HANDICAPPED PEOPLE WITH HOUSING FACILITIES AND RELATED SERVICES THROUGH THE OPERATION OF 3 APARTMENT COMPLEXES WITH A TOTAL OF 103 UNITS. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS.
Expenses $823,978 · Revenue $1,230,932
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LINDA M KRIEGER
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
JOYCE LECLAIRE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
LYNN SCHULER
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
DUSTIN CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
BILL HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
TRISHA MOWRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
JOANIE NICHOLS THRU DEC 24
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
EMILY SCHROEDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
GORDY VETSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
GAIL WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
NICK ZERWAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
SANDRA MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
TRACI LARSON
PRESIDENT/CEO
- Total calculated
- $445,700
- From this org
- $0
- From related orgs
- $427,238
- Other
- $18,462
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $384,488 related
- Bonus
- $0 + $33,750 related
- Other
- $0 + $9,000 related
- Deferred
- $0 + $9,701 related
- Nontaxable benefits
- $0 + $8,761 related
- Filer's total
- $0 + $445,700 related
-
TROY HANSON
CFO
- Total calculated
- $322,262
- From this org
- $0
- From related orgs
- $284,116
- Other
- $38,146
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $255,412 related
- Bonus
- $0 + $28,704 related
- Other
- $0
- Deferred
- $0 + $13,627 related
- Nontaxable benefits
- $0 + $24,519 related
- Filer's total
- $0 + $322,262 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE PRESIDENT & CEO IS COMPENSATED BY GUARDIAN ANGELS OF ELK RIVER, A RELATED ORGANIZATION. THE FOLLOWING METHODS WERE USED TO ESTABLISH THE CEO'S COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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.
-
GUARDIAN ANGELS HEALTH SERVICES INC
501(C)(3) · NURSING HOME, HOUSING AND ADULT DAY CARE · MN
Directly controlled by GUARDIAN ANGELS OF ELK RIVER INC
-
501(C)(3) · HOUSING FOR THE ELDERLY · MN
Directly controlled by GUARDIAN ANGELS OF ELK RIVER INC
-
501(C)(3) · HOUSING FOR THE ELDERLY · MN
Directly controlled by GUARDIAN ANGELS OF ELK RIVER INC
-
501(C)(3) · HOUSING FOR THE ELDERLY · MN
Directly controlled by GUARDIAN ANGELS OF ELK RIVER INC
-
GUARDIAN ANGELS OF ELK RIVER INC
501(C)(3) · ADMINISTRATION FOR CARING FOR THE ELDERLY · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- IRS schema version
- 2024v5.5
- Source object
- 202632099349300343
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