Marian Manor Apartments Inc
- Assets
- $1.2m
- Revenue
- $179.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Ullin, ND
- Founding
- 08/1990
- Data as of
- 12/2022
- EIN
- 45-0412288
Organization Overview
Marian Manor Apartments Inc is located in Glen Ullin, ND. The organization was established in 1990. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Marian Manor 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 12/2022, Marian Manor Apartments Inc generated $179.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $234.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO DEVELOP HOUSING AND PROVIDE HEALTHCARE RELATED FACILITIES FOR HANDICAPPED AND THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE FOR WHICH MARIAN MANOR APARTMENTS IS ORGANIZED IS TO DEVELOP HOUSING QUARTERS AND PROVIDE HEALTHCARE RELATED AND DAYCARE FACILITIES FOR THE HANDICAPPED AND AGED IN THE CITY OF GLEN ULLIN. MMA PROVIDES A BUILDING TO LEASE FOR MEDICAL SERVICES. THIS FACILITY RENTS TO A MEDICAL CLINIC, CHIROPRACTOR AND REHAB OUTPATIENT CLINIC. PRIOR TO THE CONSTRUCTION OF THIS BUILDING, THERE WERE NO SUITABLE FACILITIES IN THE CITY. MMA ALSO PROVIDE A BUILDING TO LEASE FOR A DAYCARE FACILITY. PRIOR TO THE DAYCARE OPENING, THERE WERE NO OTHER CHILDCARE FACILITIES AVAILABLE IN THE COMMUNITY.
MARIAN MANOR APARTMENTS (MMA) PROVIDES CONGREGATE HOUSING FOR 20 ELDERLY INDIVIDUALS AT A RATE BELOW THE MARKET RATE. ANCILLARY SERVICES ARE ARRANGED ON A FEE FOR SERVICE BASIS STRUCTURED ON THE INDIVIDUAL'S ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Hellman President (jan-Apr) | OfficerTrustee | 0.5 | $0 |
Charles Gerving VP (jan-Apr)/president (may-Dec) | OfficerTrustee | 0.5 | $0 |
Diane Schirado Secretary | OfficerTrustee | 0.5 | $0 |
Jerome Gerving Treasurer | OfficerTrustee | 0.5 | $0 |
Tim Duppong Director (jan-Apr)/vp (may-Dec) | OfficerTrustee | 0.5 | $0 |
Heidi Peltz Director | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $179,108 |
| Investment income | $114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| 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 | $179,472 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,177 |
| Insurance | $9,246 |
| All other expenses | $0 |
| Total functional expenses | $234,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,459 |
| Savings and temporary cash investments | $13,852 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $3,601 |
| Net Land, buildings, and equipment | $1,181,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,231,154 |
| Accounts payable and accrued expenses | $41,724 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,890 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $918,422 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,378 |
| Total liabilities | $991,414 |
| Net assets without donor restrictions | $239,740 |
| 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 | $1,231,154 |