Sheboygan Senior Community Inc
- Assets
- $15.2m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 174
- Location
- Sheboygan, WI
- Founding
- 08/1964
- Data as of
- 06/2022
- EIN
- 39-6069188
Organization Overview
Sheboygan Senior Community Inc is located in Sheboygan, WI. The organization was established in 1964. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2022, Sheboygan Senior Community Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheboygan Senior Community 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 06/2022, Sheboygan Senior Community Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $9.0m during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND OPERATE A RETIREMENT HOME, HEALTH CARE CENTER, AND RELATED SERVICES IN THE GREATER SHEBOYGAN AREA FOR ELDERLY AND PHYSICALLY HANDICAPPED ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FULL-TIME SKILLED NURSING HOME AND RESIDENTIAL CARE CENTER. TOTAL PATIENT DAYS: 28,818.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Van DE Water Director | Trustee | 0.5 | $0 |
Perry Fritz Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Meg Trager Director | Trustee | 0.5 | $0 |
Eric Stuart Chairperson | OfficerTrustee | 0.75 | $0 |
Cindy Thompson Secretary | OfficerTrustee | 0.5 | $0 |
Larry Samet Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenfield Rehabilitation Agency Therapy Services | 6/29/21 | $287,279 |
Ag Architecture Architecture Services | 6/29/21 | $157,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $46,854 |
| Government grants | $103,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,810 |
| Total Program Service Revenue | $8,317,192 |
| Investment income | $668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,667,622 |
| 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. | $272,661 |
| Compensation of current officers, directors, key employees. | $272,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,363,193 |
| Pension plan accruals and contributions | $57,725 |
| Other employee benefits | $629,162 |
| Payroll taxes | $340,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,254 |
| Fees for services: Accounting | $23,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,015,818 |
| Advertising and promotion | $38,383 |
| Office expenses | $43,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $206,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $436,984 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $599,132 |
| Insurance | $76,915 |
| All other expenses | $7,961 |
| Total functional expenses | $8,964,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,954 |
| Savings and temporary cash investments | $337,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,464 |
| Prepaid expenses and deferred charges | $107,097 |
| Net Land, buildings, and equipment | $13,662,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,183,816 |
| Accounts payable and accrued expenses | $466,270 |
| Grants payable | $0 |
| Deferred revenue | $108,736 |
| 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 | $12,615,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,364,288 |
| Total liabilities | $14,554,684 |
| Net assets without donor restrictions | $538,908 |
| Net assets with donor restrictions | $90,224 |
| 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 | $15,183,816 |