Lamplighter Manor Inc
- Assets
- $467.2k
- Revenue
- $510.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Shoreview, MN
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 41-1772945
Organization Overview
Lamplighter Manor Inc is located in Shoreview, MN. The organization was established in 1988. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Lamplighter Manor 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 12/2022, Lamplighter Manor Inc generated $510.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $605.6k during the year ending 12/2022. While expenses have increased by 2.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY THROUGH A HUD-SPONSORED APARTMENT COMPLEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMPLIGHTER MANOR, INC. PROVIDES LOW INCOME HOUSING FOR THE ELDERLY THROUGH A HUD-SPONSORED 65-UNIT APARTMENT COMPLEX IN DETROIT LAKES, MINNESOTA. IN 2022, LAMPLIGHTER MANOR, INC. HAD AN OCCUPANCY RATE OF 92.5%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Kendrick President & CEO | OfficerTrustee | 0.1 | $0 |
Morshed Alam Cfo, Secretary/treasurer To 8/2022 | OfficerTrustee | 0.1 | $0 |
Bret Anderson Vice President | Trustee | 0.1 | $0 |
Scott Bjerketvedt Svp, CFO | Trustee | 0.1 | $0 |
Mellanie Sullivan Sr VP And Chief People Officer | Trustee | 0.1 | $0 |
Emily Sommer Assistant Secretary | OfficerTrustee | 0.1 | $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 | $24 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24 |
| Total Program Service Revenue | $505,883 |
| Investment income | $1,648 |
| 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 | $510,934 |
| 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 | $137,697 |
| Pension plan accruals and contributions | $4,400 |
| Other employee benefits | $37,332 |
| Payroll taxes | $9,549 |
| Fees for services: Management | $49,211 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,039 |
| Advertising and promotion | $1,512 |
| Office expenses | $1,077 |
| Information technology | $5,667 |
| Royalties | $0 |
| Occupancy | $165,727 |
| Travel | $683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,929 |
| Interest | $205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,154 |
| Insurance | $15,360 |
| All other expenses | $2,336 |
| Total functional expenses | $605,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893 |
| Savings and temporary cash investments | $148,400 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $734 |
| 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 | $404 |
| Net Land, buildings, and equipment | $281,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,544 |
| Total assets | $467,164 |
| Accounts payable and accrued expenses | $21,948 |
| Grants payable | $0 |
| Deferred revenue | $2,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,967 |
| 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 | $49,434 |
| Total liabilities | $96,549 |
| Net assets without donor restrictions | $277,997 |
| Net assets with donor restrictions | $92,618 |
| 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 | $467,164 |