Simeanna Apartments Inc
- Assets
- $1.3m
- Revenue
- $576.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Oshkosh, WI
- Founding
- 11/1961
- Data as of
- 12/2022
- EIN
- 23-7148097
Organization Overview
Simeanna Apartments Inc is located in Oshkosh, WI. The organization was established in 1961. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Simeanna Apartments 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 12/2022, Simeanna Apartments Inc generated $576.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $499.2k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HOUSING FOR THE AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMEANNA APARTMENTS, INC. OFFERS APARTMENT STYLE LIVING FOR AGING PERSONS. THE FACILITY CONTAINS 81 UNITS; 64 OF THE UNITS QUALIFY UNDER SECTION 8 OF THE HUD REGULATIONS, 16 OF THE UNITS QUALIFY UNDER SECTION 236 REGULATIONS AND 1 UNIT IS EXEMPT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Bertram President & CEO | OfficerTrustee | 4 | $0 |
Mark Boettcher Board Member | Trustee | 0.2 | $0 |
Diane Langdon Board Member | Trustee | 0.2 | $0 |
Jason Lowe Board Member | Trustee | 0.2 | $0 |
Dr Paula Mcniel Board Member | Trustee | 0.2 | $0 |
Dr Laurie Muller Board Member | Trustee | 0.2 | $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 | $564,429 |
| Investment income | $424 |
| 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 | $576,202 |
| 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 | $201,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48 |
| Payroll taxes | $0 |
| Fees for services: Management | $56,004 |
| Fees for services: Legal | $3,375 |
| Fees for services: Accounting | $2,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,681 |
| Advertising and promotion | $857 |
| Office expenses | $11,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,686 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,011 |
| Insurance | $3,757 |
| All other expenses | $0 |
| Total functional expenses | $499,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $572,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,941 |
| Net Land, buildings, and equipment | $366,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,107 |
| Total assets | $1,304,589 |
| Accounts payable and accrued expenses | $1,512 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,040 |
| 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 | $28,480 |
| Total liabilities | $62,032 |
| Net assets without donor restrictions | $1,242,557 |
| 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 | $1,304,589 |