Baptist Apartments Inc
- Assets
- $9.4m
- Revenue
- $3.0m
- Investments
- $451.9k
- Employees
- 0
- Location
- Edina, MN
- Founding
- 12/1980
- Data as of
- 12/2021
- EIN
- 45-0359794
Organization Overview
Baptist Apartments Inc is located in Edina, MN. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Apartments 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, Baptist Apartments Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.1% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAPTIST APARTMENTS INC. OPERATED A 50 UNIT ASSISTED LIVING APARTMENT COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dahl CEO | 0.31 | $569,472 | |
Kathy Youngquist CFO | 0.31 | $385,391 | |
Matthew Kern COO | 0.31 | $324,672 | |
Kathy Kopp Cso | 0.31 | $267,750 | |
Sharon M Wilson Ccco | 0.31 | $241,179 | |
Angela Brown Chro | 0.31 | $236,279 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $227,366 |
| Interest on Savings | $14,211 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,964,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $968,070 |
| Pension plans, employee benefits | $227,628 |
| Interest | $363,148 |
| Taxes | $0 |
| Depreciation | $681,889 |
| Occupancy | $58,374 |
| Travel, conferences, and meetings | $2,781 |
| Printing and publications | $0 |
| Other expenses | $372,184 |
| Total operating and administrative expenses | $2,706,627 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,706,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,615 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $93,370 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,086 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $7,969,874 |
| Other assets | $82,131 |
| Total assets | $9,412,000 |
| Accounts payable and accrued expenses | $162,370 |
| Grants payable | $0 |
| Deferred revenue | $2,368 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $8,946,715 |
| Other liabilities | $15,890 |
| Total liabilities | $9,127,343 |
Peer Organizations
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|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
Community Housing Resources Minneapolis, MN | $41,679,341 | $15,920,162 |
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |