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← GLENN CATHOLIC SENIOR COMMUNITIES INC

Form 990 for tax year 2022

Filed by GLENN CATHOLIC SENIOR COMMUNITIES INC.

Totals

Total revenue
$27,825,564
Total expenses
$26,567,984
Contributions and grants received
$0
Grants paid
$16,000
Program service revenue
$27,628,312
Investment income
$197,252
Other revenue
$0
Total assets, end of year
$62,024,950
Total liabilities, end of year
$47,617,005
Net assets or fund balances, end of year
$14,407,945
Program services expenses (Part IX)
$26,567,984
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$26,567,984

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: RENTAL REVENUE

    total $16,774,352 · related or exempt $16,774,352

  • 2b · Program service revenue: SERVICE REVENUE

    total $10,483,136 · related or exempt $10,483,136

  • 2c · Program service revenue: MISCELLANEOUS

    total $370,824 · related or exempt $370,824

  • 3 · Investment income

    total $197,252 · excluded $197,252

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,000 · program services $16,000

  • 11a · Fees: management

    total $1,222,634 · program services $1,222,634

  • 11b · Fees: legal

    total $10,400 · program services $10,400

  • 11c · Fees: accounting

    total $36,591 · program services $36,591

  • 11d · Fees: lobbying

    total $12,000 · program services $12,000

  • 12 · Advertising and promotion

    total $373,129 · program services $373,129

  • 20 · Interest

    total $1,384,266 · program services $1,384,266

  • 22 · Depreciation, depletion and amortization

    total $1,784,133 · program services $1,784,133

  • 24a · Other expenses: ELDER CARE

    total $12,039,854 · program services $12,039,854

  • 24b · Other expenses: ADMINISTRATIVE

    total $4,246,067 · program services $4,246,067

  • 24c · Other expenses: MISC TAXES/INSURANCE

    total $3,380,605 · program services $3,380,605

  • 24d · Other expenses: UTILITIES

    total $870,565 · program services $870,565

  • 24e · All other expenses

    total $1,191,740 · program services $1,191,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,111,399 · end of year $6,012,942

  • 2 · Savings and temporary cash investments

    beginning of year $10,432,370 · end of year $6,395,020

  • 4 · Accounts receivable

    beginning of year $858,293 · end of year $1,021,492

  • 7 · Other notes and loans receivable

    beginning of year $500,000 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $490,496 · end of year $810,897

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

    $73,274,403

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

    $32,879,945

  • 10c · Land, buildings and equipment, net

    beginning of year $38,103,117 · end of year $40,394,458

  • 11 · Investments: publicly traded securities

    beginning of year $1,948,850 · end of year $1,919,958

  • 12 · Investments: other securities

    beginning of year $2,054,124 · end of year $2,017,528

  • 15 · Other assets

    beginning of year $2,967,126 · end of year $2,952,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,938,078 · end of year $2,987,313

  • 20 · Tax-exempt bond liabilities

    beginning of year $7,937,011 · end of year $7,784,465

  • 23 · Secured mortgages and notes payable

    beginning of year $37,338,573 · end of year $36,497,681

  • 25 · Other liabilities

    beginning of year $436,260 · end of year $347,546

  • 27 · Net assets without donor restrictions

    beginning of year $12,815,853 · end of year $14,407,945

Mission and programs · 2022

Mission

THE GLENN CATHOLIC SENIOR COMMUNITIES, INC. IS A CATHOLIC RETIREMENT COMMUNITY THAT OPENS ITS DOORS TO PERSONS OF ALL FAITHS. IT IS OUR MISSION TO CREATE A PLACE OF HOSPITALITY WHERE A LOVING COMMUNITY IS FORMED AND WHERE THE DIGNITY AND WORTH OF EACH PERSON IS RESPECTED. WE PROMOTE ACTIVE, INDEPENDENT LIVING WITH SUPPORTIVE SERVICES AVAILABLE AS NEEDED.

Activities or mission (Part I)

A RETIREMENT COMMUNITY WITH INDEPENDENT AND ASSISTED LIVING APARTMENTS IN HOPKINS AND MINNETONKA, MINNESOTA.

  • ELDERLY HOUSING FACILITIES PROVIDING VARIOUS LEVELS OF CARE THE GLENN OWNS AND OPERATES TWO SENIOR FACILITIES IN HOPKINS, MINNESOTA WITH 313 UNITS, A 159 UNIT SENIOR FACILITY IN MINNETONKA, MINNESOTA, AND TWO SENIOR FACILITIES IN BUFFALO, MINNESOTA WITH 93 UNITS.

    Expenses $26,567,984 · Grants $16,000 · Revenue $27,628,312

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James A Mullin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barb Vanhauer

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Cavanaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Cleveland

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Frank Fallon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Rauenhorst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Webster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geri Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Pagh

    CEO

    Total calculated
    $0
    Hours/week
    5

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.

Grants 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.

  • THE TERRACES ASSISTED LIVING LLC

    RENTAL REAL ESTATE · MN · income $6,856,568 · assets $9,646,151

    Directly controlled by THE GLENN CATHOLIC SENIOR COMMUNITIES INC

  • THE TOWERS LLC

    RENTAL REAL ESTATE · MN · income $6,909,141 · assets $9,118,320

    Directly controlled by THE GLENN CATHOLIC SENIOR COMMUNITIES INC

  • GLEN LAKE SENIOR HOUSING LLC

    RENTAL REAL ESTATE · MN · income $1,810,226 · assets $19,648,401

    Directly controlled by THE GLENN CATHOLIC SENIOR COMMUNITIES INC

  • GLENN SENIOR HOUSING OPERATIONS LLC

    RENTAL REAL ESTATE · MN · income $8,510,774 · assets $6,929,511

    Directly controlled by THE GLENN CATHOLIC SENIOR COMMUNITIES INC

  • THE GLENN BUFFALO LLC

    RENTAL REAL ESTATE · MN · income $6,499,543 · assets $10,027,249

    Directly controlled by THE GLENN CATHOLIC SENIOR COMMUNITIES INC

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202313069349301116

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