VOANS Orono Woods Inc
- Assets
- $6.2m
- Revenue
- $988.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- Data as of
- 06/2017
- EIN
- 27-3934878
Organization Overview
VOANS Orono Woods Inc is located in Eden Prairie, MN. VOANS Orono Woods 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 06/2017, VOANS Orono Woods Inc generated $988.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2017. While expenses have increased by 0.6% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOANS ORONO WOODS INC PROVIDES INDEPENDENT LIVING SERVICES FOR SENIORS IN MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burks Jane Board Chair | OfficerTrustee | 0.1 | $0 |
Kikumoto David Vice Chairman | OfficerTrustee | 0.1 | $0 |
Carrington Edwina Secretary | OfficerTrustee | 0.1 | $0 |
Moore Carol Treasurer | OfficerTrustee | 0.1 | $0 |
Arnold Patti Director | Trustee | 0.1 | $0 |
Cooper Will Director | Trustee | 0.1 | $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 | $988,072 |
| Investment income | $456 |
| 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 | $988,528 |
| 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 | $82,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,697 |
| Payroll taxes | $6,278 |
| Fees for services: Management | $44,259 |
| Fees for services: Legal | $1,240 |
| Fees for services: Accounting | $14,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,478 |
| Advertising and promotion | $17,704 |
| Office expenses | $30,156 |
| Information technology | $1,312 |
| Royalties | $0 |
| Occupancy | $123,627 |
| Travel | $1,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $427,845 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,126 |
| Insurance | $32,473 |
| All other expenses | $264 |
| Total functional expenses | $1,074,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $942 |
| Prepaid expenses and deferred charges | $30,356 |
| Net Land, buildings, and equipment | $5,056,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $798,652 |
| Total assets | $6,241,059 |
| Accounts payable and accrued expenses | $304,734 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,661,573 |
| 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 | $1,452,945 |
| Total liabilities | $9,419,252 |
| Unrestricted restricted net Assets | -$3,178,193 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$3,178,193 |