Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,283,622

• 2a · Program service revenue: RESIDENT RENTAL INCOME

  total $5,810,483 · related or exempt $5,810,483

• 2b · Program service revenue: HOME HEALTH VISITS

  total $887,436 · related or exempt $887,436

• 2c · Program service revenue: HCBS REVENUE

  total $277,650 · related or exempt $277,650

• 3 · Investment income

  total $79,783 · excluded $79,783

• 10a · Gross sales of inventory

  $89,678

• 10b · Cost of goods sold

  $67,920

• 10c · Net income from sales of inventory

  total $21,758 · excluded $21,758

• 11a · Other revenue: TAX INCREMENT REVENUE

  total $319,022 · excluded $319,022

• 11b · Other revenue: AMENITIES REVENUE

  total $222,997 · excluded $222,997

• 11c · Other revenue: MEAL REVENUE

  total $131,428 · excluded $131,428

• 11d · All other revenue

  total $78,556 · excluded $78,556

• 11e · Other revenue, total

  $752,003

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $3,091,378 · program services $2,641,385 · management and general $449,993

• 8 · Pension plan contributions

  total $44,007 · program services $35,912 · management and general $8,095

• 9 · Other employee benefits

  total $628,412 · program services $493,929 · management and general $134,483

• 10 · Payroll taxes

  total $228,032 · program services $176,268 · management and general $51,764

• 11b · Fees: legal

  total $52,469 · management and general $52,469

• 11c · Fees: accounting

  total $26,680 · management and general $26,680

• 11g · Fees: other

  total $591,045 · program services $590,726 · management and general $319

• 12 · Advertising and promotion

  total $960 · management and general $960

• 13 · Office expenses

  total $207,735 · program services $194,395 · management and general $13,340

• 14 · Information technology

  total $152,888 · management and general $152,888

• 16 · Occupancy

  total $940,845 · program services $937,252 · management and general $3,593

• 19 · Conferences, conventions and meetings

  total $3,505 · program services $1,532 · management and general $1,973

• 20 · Interest

  total $2,038,649 · program services $2,030,855 · management and general $7,794

• 22 · Depreciation, depletion and amortization

  total $3,525,489 · program services $3,510,775 · management and general $14,714

• 23 · Insurance

  total $1,576 · program services $393 · management and general $1,183

• 24a · Other expenses: ADMINISTRATIVE COSTS

  total $482,587 · management and general $482,587

• 24b · Other expenses: MEAL EXPENSES

  total $455,300 · program services $455,300

• 24c · Other expenses: REPAIRS/MAINTENANCE

  total $72,297 · program services $72,021 · management and general $276

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $17,865 · program services $9,939 · management and general $7,926

• 24e · All other expenses

  total $534 · management and general $534

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,265,910 · end of year $2,298,969

• 4 · Accounts receivable

  beginning of year $556,206 · end of year $683,881

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,486 · end of year $10,831

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

  $63,577,973

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

  $4,888,821

• 10c · Land, buildings and equipment, net

  beginning of year $62,030,631 · end of year $58,689,152

• 15 · Other assets

  beginning of year $2,285,556 · end of year $3,208,073

• 17 · Accounts payable and accrued expenses

  beginning of year $423,989 · end of year $510,724

• 21 · Escrow or custodial account liability

  beginning of year $2,271,000 · end of year $3,074,500

• 23 · Secured mortgages and notes payable

  beginning of year $56,204,233 · end of year $56,064,145

• 25 · Other liabilities

  beginning of year $372,998 · end of year $772,486

• 27 · Net assets without donor restrictions

  beginning of year $6,855,060 · end of year $4,463,689

• 28 · Net assets with donor restrictions

  beginning of year $63,509 · end of year $5,362

The filer's explanations (Part III)

PART I, LINE 3

LYNGBLOMSTEN CARE CENTER, INC. PAYS THE COMPENSATION FOR THE OFFICERS AND EMPLOYEES OF THE ORGANIZATION. LYNGBLOMSTEN SERVICES, INC. THEN REIMBURSES LYNGBLOMSTEN CARE CENTER, INC. FOR ALL SALARIES AND BENEFIT EXPENSES. LYNGBLOMSTEN CARE CENTER, INC. USES THE FOLLOWING WHEN DETERMINING COMPENSATION FOR OFFICERS AND EMPLOYEES: (1) COMPENSATION COMMITTEE, (2) INDEPENDENT COMPENSATION CONSULTANT, (3) COMPENSATION SURVEY OR STUDY, AND (4) APPROVAL BY BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.

Disregarded entities

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

• LYNBLOMSTEN AT LINO LAKES LLC

  SENIOR HOUSING FACILITY · MN · income $7,645,410 · assets $63,862,704

  Directly controlled by LYNGBLOMSTEN SERVICES INC