Heritage Apts Inc
- Assets
- $4.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 41-1913420
Organization Overview
Heritage Apts Inc is located in St Paul, MN. The organization was established in 1988. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Heritage Apts 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 12/2021, Heritage Apts Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MINISTRY OF COMPASSIONATE CARE AND INNOVATIVE SERVICES TO OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERITAGE APARTMENTS IS A MARKET-RATE ASSISTED LIVING COMMUNITY FOR ADULTS AGES 55+. FIFTY-NINE OLDER ADULTS WERE SERVED IN 2021. AS AN ASSISTED LIVING COMMUNITY, THE HERITAGE APARTMENTS PROVIDES TENANTS WITH ASSISTANCE FOR ADLS (ACTIVITIES OF DAILY LIVING)SUCH AS MEDICATION MANAGEMENT AND HOMECARE SERVICESTHROUGH LYNGBLOMSTEN HOME HEALTH SERVICES. TENANTS ALSO CAN CONTRACT WITH AN AGENCY OF THEIR CHOOSING. A SERVICE COORDINATOR ASSISTS TENANTS WITH FINDING APPROPRIATE SERVICES/RESOURCES, COMPLETING PAPERWORK, ETC.BRINGING PEACE OF MIND TO THE TENANTS AND THEIR FAMILIES. A VARIETY OF OPPORTUNITIES FOR SOCIAL ACTIVITIES (BOTH IN-PERSON AND VIRTUAL) ARE AVAILABLE, WHICH ARE COORDINATED BY STAFF, LYNGBLOMSTEN COMMUNITY SERVICES, AND LYNGBLOMSTEN'S LIFELONG LEARNING AND THE ARTS DEPARTMENT. INVOLVED MANAGEMENT AND STAFF PROMOTE THE FEELING OF A CARING FAMILY.AS TENANTS HAVE BEEN AGING IN PLACE AND BECOMING LESS MOBILE, WE CONTINUE TO EXPLORE WAYS TO MEET THEIR INCREASED NEEDS FOR ACTIVITIES AND SUPPORT.HERITAGE APARTMENTS, INC., IS AFFILIATED WITH LYNGBLOMSTEN AND THE EVANGELICAL LUTHERAN CHURCH IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Christianson Treasurer | OfficerTrustee | 1 | $0 |
Kim Donat Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Rev Martin Ericson Chair | OfficerTrustee | 1 | $0 |
Rev Joy Johnson Thru 81521 Secretary | OfficerTrustee | 1 | $0 |
Jeff Heinecke President & CEO | OfficerTrustee | 1 | $0 |
Bradley J Jacobson CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $136,001 |
| 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 | $136,001 |
| Total Program Service Revenue | $1,307,002 |
| Investment income | $119,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $185,704 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,747,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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 | $269,095 |
| Pension plan accruals and contributions | $9,481 |
| Other employee benefits | $69,775 |
| Payroll taxes | $19,536 |
| Fees for services: Management | $105,477 |
| Fees for services: Legal | $14,125 |
| Fees for services: Accounting | $12,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286,260 |
| Advertising and promotion | $0 |
| Office expenses | $40,602 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $430,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,045 |
| Interest | $33 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,071 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,726,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,822 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,008 |
| 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 | $14,018 |
| Net Land, buildings, and equipment | $2,089,615 |
| Investments—publicly traded securities | $1,958,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,433 |
| Total assets | $4,701,505 |
| Accounts payable and accrued expenses | $62,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $137,541 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,150,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,545 |
| Total liabilities | $4,500,856 |
| Net assets without donor restrictions | $200,649 |
| 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 | $4,701,505 |
Grants Awarded
Over the last fiscal year, Heritage Apts Inc has awarded $3,040,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: SUPPORT FOR OTHER ORGANIZATIONS | $2,940,000 |
St Paul, MN PURPOSE: SUPPORT FOR OTHER ORGANIZATIONS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Heritage Apts Inc has recieved totaling $5,943.
| Awarding Organization | Amount |
|---|---|
Lyngblomsten Foundation St Paul, MN PURPOSE: PURCHASE OF CAPITAL IMPROVEMENTS AND EQUIPMENT. | $5,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Jones-Harrison Residence Corporation Minneapolis, MN | $13,762,725 | $18,553,018 |
Clement Manor Inc Greenfield, WI | $19,024,939 | $15,982,774 |
Attic Angel Place Inc Middleton, WI | $40,139,262 | $17,042,390 |
Northern Arizona Senior Living Community Llc Chaska, MN | $21,150,074 | $15,348,734 |
Cottage Grove Place Cedar Rapids, IA | $58,584,060 | $13,524,184 |