Carondelet Village Inc
- Assets
- $51.4m
- Revenue
- $15.7m
- Investments
- $5.0m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 04/2009
- Data as of
- 09/2021
- 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 09/2021, Carondelet Village Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $15.1m during the year ending 09/2021. While expenses have increased by 1.8% per year over the past 6 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
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 |
|---|---|---|---|
Anne O'connor Campus Admin | 40 | $123,152 | |
Duane Larson Board Member | OfficerTrustee | 1 | $0 |
Jim Reetz Board Secretary | OfficerTrustee | 1 | $0 |
Margaret Belanger Board Chair | Trustee | 1 | $0 |
Mark Meyer Treasurer/cfo | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Services | 9/29/18 | $572,378 |
Associated Mechanical Hvac | 9/29/18 | $104,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $514,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,178 |
| Total Program Service Revenue | $14,094,579 |
| Investment income | $636,191 |
| 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 | $15,580 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,659,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,733 |
| 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 | $5,020,196 |
| Pension plan accruals and contributions | $79,425 |
| Other employee benefits | $647,971 |
| Payroll taxes | $383,047 |
| Fees for services: Management | $625,327 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,168 |
| Advertising and promotion | $4,887 |
| Office expenses | $126,799 |
| Information technology | $155,742 |
| Royalties | $0 |
| Occupancy | $1,266,853 |
| Travel | $4,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,328 |
| Interest | $2,342,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,154,434 |
| Insurance | $156,914 |
| All other expenses | $0 |
| Total functional expenses | $15,144,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,968,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $263,841 |
| 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 | $17,576 |
| Net Land, buildings, and equipment | $39,003,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,970,240 |
| Investments—program-related | $0 |
| Intangible assets | $710,539 |
| Other assets | $417,599 |
| Total assets | $51,351,409 |
| Accounts payable and accrued expenses | $2,583,884 |
| Grants payable | $0 |
| Deferred revenue | $35,766 |
| Tax-exempt bond liabilities | $45,425,747 |
| 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 | $0 |
| Total liabilities | $48,045,397 |
| Net assets without donor restrictions | $2,589,790 |
| Net assets with donor restrictions | $716,222 |
| 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 | $51,351,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carondelet Village Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Catholic Community Foundation Of Minnesota St Paul, MN PURPOSE: ON GOOD GROUND | $15,000 |
Endowment Analysis
| Beg. Balance | $832,071 |
| Earnings | $142,514 |
| Grants | $42,844 |
| Ending Balance | $931,741 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Presbyterian Homes And Services Roseville, MN | $66,716,638 | $30,662,544 |
Good Shepherd Lutheran Home Of Sauk Rapids Minnesota Sauk Rapids, MN | $33,093,333 | $25,176,810 |
4000 Valley Square Inc Dba Woodside Vill Wheatland Terr Grand Forks, ND | $30,848,608 | $21,519,698 |
Augustana Health Care Center Of Apple Valley Edina, MN | $23,811,041 | $22,017,190 |
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |