Brookside Senior Living
- Assets
- $9.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 77
- Location
- Edina, MN
- Founding
- 02/1966
- Data as of
- 12/2023
- EIN
- 41-0871848
Organization Overview
Brookside Senior Living is located in Edina, MN. The organization was established in 1966. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Brookside Senior Living employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brookside Senior Living 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 12/2023, Brookside Senior Living generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 21.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE, HOUSING, AND COMMUNITY SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKSIDE SENIOR LIVING WAS ORGANIZED FOR THE PURPOSE OF OPERATING AN ASSISTED LIVING FACILITY FOR THE ELDERLY. IT IS LOCATED IN MONTEVIDEO, MN AND HAS 57 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dahl President/ceo | Officer | 0.37 | $0 |
Matthew Kern Chief Operating Officer | Officer | 0.37 | $0 |
Kathy Youngquist Chief Financial Officer | Officer | 0.37 | $0 |
Kathy Kopp Chief Strategic Officer | Officer | 0.37 | $0 |
Angela Brown Chief Human Resource Officer | Officer | 0.37 | $0 |
Sharon Wilson Chief Clinical And Compliance Officer | Officer | 0.37 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,125 |
| Total Program Service Revenue | $2,320,254 |
| Investment income | $1,854 |
| Tax Exempt Bond Proceeds | $9,800 |
| Royalties | $0 |
| Net Rental Income | $1,080 |
| Net Gain/Loss on Asset Sales | $36,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$66,718 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,362,325 |
| 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 | $989,154 |
| Pension plan accruals and contributions | $10,292 |
| Other employee benefits | $73,696 |
| Payroll taxes | $71,508 |
| Fees for services: Management | $155,181 |
| Fees for services: Legal | $24 |
| Fees for services: Accounting | $1,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,350 |
| Fees for services: Other | -$33,852 |
| Advertising and promotion | $7,978 |
| Office expenses | $21,091 |
| Information technology | $20,933 |
| Royalties | $0 |
| Occupancy | $101,439 |
| Travel | $681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,784 |
| Interest | $316,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,211 |
| Insurance | $15,892 |
| All other expenses | $8,170 |
| Total functional expenses | $2,210,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,646 |
| Savings and temporary cash investments | $257,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,051 |
| 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 | $533 |
| Net Land, buildings, and equipment | $6,922,476 |
| Investments—publicly traded securities | $757,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $725,172 |
| Total assets | $9,931,802 |
| Accounts payable and accrued expenses | $74,489 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,836,236 |
| Escrow or custodial account liability | $50,164 |
| 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 | $245,998 |
| Total liabilities | $7,206,887 |
| Net assets without donor restrictions | $2,645,830 |
| Net assets with donor restrictions | $79,085 |
| 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 | $9,931,802 |