Glenn Catholic Senior Communities Inc
- Assets
- $64.4m
- Revenue
- $31.3m
- Investments
- $2.2m
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 06/1986
- Data as of
- 06/2024
- EIN
- 41-1533125
Organization Overview
Glenn Catholic Senior Communities Inc is located in Plymouth, MN. The organization was established in 1986. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenn Catholic Senior Communities 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 06/2024, Glenn Catholic Senior Communities Inc generated $31.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $28.1m during the year ending 06/2024. While expenses have increased by 5.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
A RETIREMENT COMMUNITY WITH INDEPENDENT AND ASSISTED LIVING APARTMENTS IN HOPKINS, MINNETONKA, AND BUFFALO, MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELDERLY HOUSING FACILITIES PROVIDING VARIOUS LEVELS OF CARE THE GLENN OWNS AND OPERATES TWO SENIOR FACILITIES IN HOPKINS, MINNESOTA WITH 313 UNITS, A 159 UNIT SENIOR FACILITY IN MINNETONKA, MINNESOTA, AND TWO SENIOR FACILITIES IN BUFFALO, MINNESOTA WITH 93 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Mullin Board Member | Trustee | 1 | $0 |
Barb Vanhauer President/chair | OfficerTrustee | 1 | $0 |
Joe Cavanaugh Board Member | Trustee | 1 | $0 |
John Cleveland Vice President | OfficerTrustee | 1 | $0 |
Frank Fallon Board Member | Trustee | 1 | $0 |
Jane Rauenhorst Board Member | Trustee | 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 | $30,983,495 |
| Investment income | $317,761 |
| 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 | $31,301,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,310,305 |
| Fees for services: Legal | $16,676 |
| Fees for services: Accounting | $40,000 |
| Fees for services: Lobbying | $7,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $264,951 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,356,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,856,122 |
| Insurance | $0 |
| All other expenses | $1,146,760 |
| Total functional expenses | $28,092,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,907,984 |
| Savings and temporary cash investments | $9,326,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,092,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $372,108 |
| Net Land, buildings, and equipment | $39,568,941 |
| Investments—publicly traded securities | $2,106,194 |
| Investments—other securities | $2,209,576 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,342,090 |
| Total assets | $64,425,756 |
| Accounts payable and accrued expenses | $2,702,979 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,635,006 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $35,627,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $465,436 |
| Total liabilities | $46,430,565 |
| Net assets without donor restrictions | $17,995,191 |
| Net assets with donor restrictions | $0 |
| 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 | $64,425,756 |