Skaalen Village Inc
- Assets
- $7.0m
- Revenue
- $516.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Stoughton, WI
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 02-0663908
Organization Overview
Skaalen Village Inc is located in Stoughton, WI. The organization was established in 1988. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Skaalen Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Skaalen Village Inc generated $516.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $786.8k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE RETIREMENT HOUSING FOR SENIORS AGE 62 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKAALEN VILLAGE OWNS 57 AFFORDABLE SINGLE-STORY CONDOMINIUM UNITS FOR INDEPENDENT ADULTS THAT ARE AGE 62 AND OLDER. EACH TWO-BEDROOM CONDOMINIUM OFFERS CAREFREE LIVING. THEY ARE MAINTENANCE FREE AND INCLUDE NUMEROUS ANCILLARY AND SUPPORT SERVICES TO HELP CREATE A SECURE ENVIRONMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Krentz President/ce | Officer | 1 | $0 |
Cindy Mcglynn Chair | Trustee | 1 | $0 |
Marsha Borling Sec/treas | Trustee | 1 | $0 |
Dr Dave Nelson Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $486,865 |
| Investment income | $1,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,984 |
| Office expenses | $3,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,279 |
| Insurance | $10,065 |
| All other expenses | $52,067 |
| Total functional expenses | $786,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,813 |
| Net Land, buildings, and equipment | $6,600,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,000 |
| Total assets | $6,973,241 |
| Accounts payable and accrued expenses | $138,769 |
| Grants payable | $0 |
| Deferred revenue | $5,155 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,894,507 |
| Total liabilities | $11,038,431 |
| Net assets without donor restrictions | -$4,065,190 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,973,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Php Medicare Lansing, MI | $27,571,426 | $51,693,098 |
Chestnut Health Systems Inc Bloomington, IL | $42,597,505 | $49,757,806 |
Southeastern Michigan Health Association Detroit, MI | $13,503,568 | $38,741,886 |
Illinois Public Health Association Springfield, IL | $11,708,294 | $35,467,341 |
Service Employees International Union Chicago, IL | $43,909,074 | $38,859,201 |
Heartland International Health Center Chicago, IL | $15,453,909 | $38,459,253 |
Illinois Critical Access Hospital Network Princeton, IL | $6,536,555 | $21,320,830 |
Michigan Physical Fitness Health And Sports Foundation Lansing, MI | $4,472,903 | $15,646,097 |
Promise Healthcare Nfp Champaign, IL | $5,494,406 | $13,211,334 |
Community Health Center Of Fort Dodge Inc Fort Dodge, IA | $15,635,255 | $12,999,102 |
Public Health Institute Of Metropolitan Chicago Chicago, IL | $3,108,904 | $9,007,429 |
Open Door Health Center Mankato, MN | $13,689,521 | $10,405,065 |