Carondelet Village Inc
- Assets
- $50.6m
- Revenue
- $17.2m
- Investments
- $6.3m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 04/2009
- Data as of
- 09/2023
- EIN
- 26-4230892
Organization Overview
Carondelet Village Inc is located in Roseville, MN. The organization was established in 2009. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Carondelet 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 09/2023, Carondelet Village Inc generated $17.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $16.4m during the year ending 09/2023. While expenses have increased by 2.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARONDELET VILLAGE INCLUDES 45 SKILLED NURSING FACILITY BEDS, 46 ASSISTED LIVING APARTMENTS, 19 ASSISTED LIVING APARTMENTS DESIGNED FOR MEMORY CARE AND 148 INDEPENDENT SENIOR APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Belanger Board Chair | Trustee | 1 | $0 |
Duane Larson Board Member | OfficerTrustee | 1 | $0 |
Mark Meyer Treasurer/cfo | Trustee | 1 | $0 |
Jim Reetz Board Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Services | 9/29/23 | $685,213 |
Senior Care Solutions Inc Staffing Agency | 9/29/23 | $240,024 |
Atlantic Health Staffing Agency | 9/29/23 | $295,790 |
Grapetree Medical Staffing Llc Staffing Agency | 9/29/23 | $138,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $157,774 |
| Government grants | $202,872 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,805 |
| Total Program Service Revenue | $15,969,993 |
| Investment income | $380,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,803 |
| 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 | $22,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,196,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,216 |
| 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 | $5,579,308 |
| Pension plan accruals and contributions | $70,801 |
| Other employee benefits | $613,019 |
| Payroll taxes | $411,090 |
| Fees for services: Management | $685,213 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,318,199 |
| Advertising and promotion | $21,594 |
| Office expenses | $196,033 |
| Information technology | $186,053 |
| Royalties | $0 |
| Occupancy | $1,586,008 |
| Travel | $46,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,883 |
| Interest | $2,253,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593,368 |
| Insurance | $194,044 |
| All other expenses | $126,675 |
| Total functional expenses | $16,434,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,679,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,752 |
| 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 | $19,971 |
| Net Land, buildings, and equipment | $36,281,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,284,815 |
| Investments—program-related | $0 |
| Intangible assets | $656,231 |
| Other assets | $325,626 |
| Total assets | $50,582,424 |
| Accounts payable and accrued expenses | $2,394,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $34,517,073 |
| 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 | $9,433,103 |
| Total liabilities | $46,345,009 |
| Net assets without donor restrictions | $3,563,244 |
| Net assets with donor restrictions | $674,171 |
| 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 | $50,582,424 |