Croixdale
- Assets
- $27.0m
- Revenue
- $6.6m
- Investments
- $3.2m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 11/1958
- Data as of
- 09/2023
- EIN
- 41-0843106
Organization Overview
Croixdale is located in Roseville, MN. The organization was established in 1958. 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. Croixdale 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, Croixdale generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $4.9m during the year ending 09/2023. While expenses have increased by 3.9% 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
CROIXDALE INCLUDES A 53 UNIT ASSISTED LIVING FACILITY WITH 10 UNITS SPECIFICALLY DESIGNED FOR MEMORY CARE AND A 56 UNIT INDEPENDENT LIVING APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh Bd Vchr/sec/ceo | OfficerTrustee | 1 | $0 |
Mark Meyer CFO | Officer | 1 | $0 |
John Fletcher VP Development | 1 | $0 | |
Duane Larson VP Operations | 1 | $0 | |
Mark Pederson VP Operations (may 2023) | 1 | $0 | |
Teresa Larson SVP Employee Experience | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interim Healthcare Staffing Nurse Recruitment | 9/29/23 | $131,174 |
Phs Management Llc Management Fee | 9/29/23 | $275,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,604 |
| 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 | $5,604 |
| Total Program Service Revenue | $5,271,140 |
| Investment income | $1,199,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,859 |
| 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 | $403 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,558,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,786 |
| 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 | $2,047,161 |
| Pension plan accruals and contributions | $33,819 |
| Other employee benefits | $258,115 |
| Payroll taxes | $151,725 |
| Fees for services: Management | $275,808 |
| Fees for services: Legal | $16,955 |
| Fees for services: Accounting | $4,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,002 |
| Advertising and promotion | $13,350 |
| Office expenses | $62,947 |
| Information technology | $59,569 |
| Royalties | $0 |
| Occupancy | $433,028 |
| Travel | $10,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,002 |
| Interest | $67,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $592,528 |
| Insurance | $73,417 |
| All other expenses | $0 |
| Total functional expenses | $4,941,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,391,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,006 |
| 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 | $6,013 |
| Net Land, buildings, and equipment | $8,315,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,175,361 |
| Investments—program-related | $0 |
| Intangible assets | $6,373 |
| Other assets | $0 |
| Total assets | $26,955,783 |
| Accounts payable and accrued expenses | $429,285 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,491,677 |
| 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 | $178,582 |
| Total liabilities | $2,099,544 |
| Net assets without donor restrictions | $22,871,306 |
| Net assets with donor restrictions | $1,984,933 |
| 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 | $26,955,783 |