Prairie View Leasing
- Assets
- $8.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 151
- Location
- Sanborn, IA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 42-1467496
Organization Overview
Prairie View Leasing is located in Sanborn, IA. The organization was established in 2001. 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. As of 12/2021, Prairie View Leasing employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie View Leasing 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, Prairie View Leasing generated $5.5m 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 $5.4m during the year ending 12/2021. While expenses have increased by 0.9% 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 ASSISTANCE TO THE AGED OF THE COMMUNITY BY MEANS OF MEETING THEIR MEDICAL, PHYSICAL & SOCIAL NEEDS BY THE OPERATION OF AN INDEPENDENT & ASSISTED LIVING FACILITY, ALZHEIMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY HEALTH CARE SERVICES WERE PROVIDED TO THE RESIDENTS OF SANBORN, IA THROUGH THE OPERATION OF A 73 BED NURSING HOME, A 16 APARTMENT ASSISTED LIVING FACILITY AND AN 18 APARTMENT INDEPENDENT LIVING FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Nelson Administrato | OfficerTrustee | 50 | $148,073 |
Nancy Vandyke Secretary | OfficerTrustee | 5 | $0 |
James Cravens Treasurer | OfficerTrustee | 5 | $0 |
Dr Terry Boelter Vice Preside | OfficerTrustee | 5 | $0 |
Chris Wolters President | OfficerTrustee | 5 | $0 |
Brent Vander Werff Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $396,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,022 |
| Total Program Service Revenue | $5,111,301 |
| Investment income | $5,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,521,913 |
| 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. | $148,073 |
| Compensation of current officers, directors, key employees. | $148,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,969,662 |
| Pension plan accruals and contributions | $72,823 |
| Other employee benefits | $215,575 |
| Payroll taxes | $224,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,018 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $443,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,312 |
| Insurance | $178,560 |
| All other expenses | $0 |
| Total functional expenses | $5,358,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,829,749 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,627 |
| 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 | $175,882 |
| Net Land, buildings, and equipment | $5,429,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,591,971 |
| Accounts payable and accrued expenses | $441,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $921,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,362,949 |
| Net assets without donor restrictions | $7,229,022 |
| 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 | $8,591,971 |
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|---|---|---|
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Bethesda Senior Living Inc St Louis, MO | $51,618,462 | $21,887,696 |