White Bear Lake Senior Housing Inc

Organization Overview

White Bear Lake Senior Housing Inc, operating under the name Willow Wood Apartments, is located in Shoreview, MN. The organization was established in 1988. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Willow Wood Apartments 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, Willow Wood Apartments generated $333.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $421.0k during the year ending 12/2022. While expenses have increased by 4.2% 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.

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

WHITE BEAR LAKE SENIOR HOUSING, INC., DBA WILLOW WOOD APARTMENTS, PROVIDES LOW INCOME HOUSING FOR THE ELDERLY THROUGH A HUD SPONSORED 46-UNIT APARTMENT COMPLEX IN WHITE BEAR LAKE, MINNESOTA. IN 2022, WHITE BEAR LAKE SENIOR HOUSING, INC. HAD AN OCCUPANCY RATE OF 96.8%.


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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$3,635
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,635
Total Program Service Revenue$324,849
Investment income $702
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 $333,510

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