Dakota Estates Incorporated Retirement Center
- Assets
- $235.9k
- Revenue
- $560.1k
- Investments
- $0.0
- Employees
- 36
- Location
- Lidgerwood, ND
- Founding
- 11/1974
- Data as of
- 03/2021
- EIN
- 45-0321201
Organization Overview
Dakota Estates Incorporated Retirement Center is located in Lidgerwood, ND. The organization was established in 1974. 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. As of 03/2021, Dakota Estates Incorporated Retirement Center employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Estates Incorporated Retirement Center 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 03/2021, Dakota Estates Incorporated Retirement Center generated $560.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $514.4k during the year ending 03/2021. While expenses have increased by 1.2% 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
PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING AND FOOD SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING AND FOOD SERVICE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,200 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $202,088 |
| 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 | $560,141 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $291,268 |
| Other salaries and wages | $32,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,113 |
| Office expenses | $44,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,753 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $968 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,957 |
| Insurance | $16,897 |
| All other expenses | $0 |
| Total functional expenses | $514,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,755 |
| Savings and temporary cash investments | $18,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$267 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,873 |
| Accounts payable and accrued expenses | $19,837 |
| 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 | $86,622 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $106,459 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $129,414 |
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