Epiphany Senior Citizens Housing Corporation
- Assets
- $14.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 120
- Location
- Coon Rapids, MN
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 41-1703162
Organization Overview
Epiphany Senior Citizens Housing Corporation is located in Coon Rapids, MN. The organization was established in 1991. 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 12/2022, Epiphany Senior Citizens Housing Corporation employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epiphany Senior Citizens Housing Corporation 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 12/2022, Epiphany Senior Citizens Housing Corporation generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 2.5% 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 HOUSING FOR THE ELDERLY AND TO PROVIDE SERVICES DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPIPHANY SENIOR CITIZENS HOUSING CORPORATION (ESCHC) OWNS AND OPERATES A SENIOR HOUSING COMPLEX CALLED EPIPHANY PINES WITH 107 INDEPENDENT LIVING UNITS LOCATED IN COON RAPIDS, MINNESOTA. EPIPHANY PINES PROVIDES A RENTAL ASSISTANCE GRANT PROGRAM TO ASSIST THOSE UNABLE TO CONTINUE TO PAY THEIR RENT WITHOUT HARDSHIP. EPIPHANY PINES IS LOCATED NEXT TO A WILDLIFE REFUGE AND NATURE PONDS. THERE IS AN OUTDOOR PATIO AND GAZEBO FOR RESIDENTS TO ENJOY THE BEAUTY AND TRANQUILITY. EPIPHANY PINES OFFERS SEVERAL COMMON AREAS WHICH GIVE OPPORTUNITY FOR INDOOR, RELAXED SOCIALIZATION. THE APARTMENTS RANGE FROM 604 TO 1,105 SQUARE FEET, DESIGNED TO MEET ALL RESIDENTS' BUDGET AND LIFESTYLE. AMENITIES OFFERED INCLUDE 24 HOUR SECURITY SYSTEM, EMERGENCY RESPONSE SYSTEM, SCHEDULED ACTIVITIES AND ENTERTAINMENT, TRANSPORTATION FOR SCHEDULED SHOPPING, ONSITE CHAPEL, GENERAL STORE AND HAIR SALON. IN ADDITION, EPIPHANY PINES ALSO OFFERS MEALS, HOUSEKEEPING, GARAGES, AND GUEST ROOMS.
ESCHC'S WHOLLY OWNED SUBSIDIARY, EPIPHANY ASSISTED LIVING, LLC (EAL), OWNS AND OPERATES A 52-UNIT ASSISTED LIVING AND 23-UNIT MEMORY CARE-UNIT COMPLEX LOCATED ON THE SAME CAMPUS AS EPIPHANY PINES. THE FEDERAL GOVERNMENT PROGRAM, MEDICAID, IS ACCEPTED AT A DISCOUNTED RATE FOR THOSE UNABLE TO PAY FOR THEIR SERVICES. THE STATE PROGRAM, GROUP RESIDENTIAL HOUSING, PAYS FOR RENT, AT A DISCOUNT, FOR THOSE UNABLE TO PAY FOR THEIR RENT. EAL ALSO OFFERS GRANTS TO HELP THOSE WHO CAN'T AFFORD THEIR RENT. EAL OFFERS A WIDE RANGE OF SERVICES IN A HOMELIKE SETTING WHERE PRIVACY IS RESPECTED AND INDEPENDENCE IS SUPPORTED. SERVICES ARE PLANNED WITH EACH RESIDENT TO REFLECT PERSONAL NEEDS AND CHOICES. RESIDENTS AND THEIR GUESTS CAN VISIT IN ANY OF THE SEVERAL GATHERING ROOMS, RESERVE OUR PRIVATE DINING ROOM FOR SPECIAL OCCASIONS, AND ENJOY LOVELY VIEWS OF THE BEAUTIFULLY LANDSCAPED GROUNDS. AMENITIES OFFERED INCLUDE 24 HOUR ONSITE RESIDENT ASSISTANT STAFFING, EMERGENCY RESPONSE SYSTEM, SCHEDULED ACTIVITIES AND ENTERTAINMENT, TRANSPORTATION FOR SCHEDULED SHOPPING AND REGISTERED NURSE ONSITE 40 HOURS PER WEEK & ON CALL 24 HOURS PER DAY, MEDICATION MANAGEMENT, WEEKLY HOUSEKEEPING, RESTAURANT-STYLE DINING AND HAIR SALON.WITHIN EAL IS A DISTINCTIVE NEIGHBORHOOD FOR THOSE WITH MEMORY LOSS. OUR SPECIALLY TRAINED STAFF RECOGNIZES THAT THOSE WITH MEMORY LOSS HAVE A VARIETY OF INDIVIDUAL NEEDS, INTERESTS AND ABILITIES. OUR PHILOSOPHY EMPHASIZES ACTIVITY-FOCUSED CARE AND SPECIALLY DESIGNED CARE PACKAGES THAT ENGAGE RESIDENTS IN ACTIVITIES THAT ARE MEANINGFUL TO THEM AS INDIVIDUALS, AND THAT FOCUS ON THEIR STRENGTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Lacoursiere Executive Director | Officer | 40 | $69,464 |
Jeanette Delichexecutive Director (thru March 2022) | Officer | 50 | $56,925 |
Kelsey Marin Finance Manager | Officer | 40 | $32,521 |
Art Coates President | OfficerTrustee | 5 | $0 |
John Aho President (thru July 2022) | OfficerTrustee | 5 | $0 |
Nick Combs Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Riverwest Renovation Inc Remodeling Apartments | 12/30/16 | $194,866 |
Sela Roofing Replaced Roof At Assisted Living | 12/30/16 | $118,293 |
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 | $3,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,250 |
| Total Program Service Revenue | $4,649,794 |
| Investment income | $214,592 |
| 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 | $5,388,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,104 |
| Compensation of current officers, directors, key employees. | $164,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,085,590 |
| Pension plan accruals and contributions | $9,842 |
| Other employee benefits | $219,889 |
| Payroll taxes | $186,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,313 |
| Fees for services: Other | $5,800 |
| Advertising and promotion | $15,452 |
| Office expenses | $535,432 |
| Information technology | $40,289 |
| Royalties | $0 |
| Occupancy | $523,880 |
| Travel | $883 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,565 |
| Interest | $283,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682,891 |
| Insurance | $80,760 |
| All other expenses | $57,505 |
| Total functional expenses | $5,030,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $273,281 |
| 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 | $23,443 |
| Net Land, buildings, and equipment | $7,849,519 |
| Investments—publicly traded securities | $5,494,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,805 |
| Total assets | $14,607,924 |
| Accounts payable and accrued expenses | $383,098 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $145,622 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,204,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,733,217 |
| Net assets without donor restrictions | $6,874,707 |
| 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 | $14,607,924 |
Grants Awarded
Over the last fiscal year, Epiphany Senior Citizens Housing Corporation has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EPIPHANY CATHOLIC CHURCH PURPOSE: TOOLCAT MULTI-PURPOSE UTILITY WORK MACHINE | $40,000 |
EPIPHANY CATHOLIC CHURCH PURPOSE: SMART BOARDS | $10,000 |