Marian Manor Apartments Inc
- Assets
- $1.3m
- Revenue
- $166.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Glen Ullin, ND
- Founding
- 08/1990
- Data as of
- 12/2021
- 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 12/2021, Marian Manor Apartments Inc generated $166.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $250.3k during the year ending 12/2021. 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
ORGANIZED TO DEVELOP HOUSING AND PROVIDE HEALTHCARE RELATED FACILITIES FOR HANDICAPPED AND THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARIAN MANOR APARTMENTS (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 |
|---|---|---|---|
Charles Gerving Vice President | OfficerTrustee | 0.5 | $0 |
Art Hellman President | OfficerTrustee | 0.5 | $0 |
Jerome Gerving Treasurer | OfficerTrustee | 0.5 | $0 |
Diane Schirado Secretary | OfficerTrustee | 0.5 | $0 |
Sandy Gerving Administrator | Officer | 2 | $0 |
Bruce Morman 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 | $166,384 |
| Investment income | $146 |
| 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 | $166,780 |
| 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 | $3,950 |
| 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 | $2,239 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,131 |
| Insurance | $8,229 |
| All other expenses | $0 |
| Total functional expenses | $250,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,024 |
| Savings and temporary cash investments | $13,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,695 |
| 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 | $3,112 |
| Net Land, buildings, and equipment | $1,254,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,314,341 |
| Accounts payable and accrued expenses | $19,898 |
| Grants payable | $0 |
| Deferred revenue | $3,139 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,590 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $961,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,245 |
| Total liabilities | $1,019,564 |
| Net assets without donor restrictions | $294,777 |
| 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 | $1,314,341 |
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