Siena On The Lake Inc
- Assets
- $15.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 59
- Location
- Racine, WI
- Founding
- 11/2012
- Data as of
- 12/2021
- EIN
- 45-2814682
Organization Overview
Siena On The Lake Inc is located in Racine, WI. The organization was established in 2012. 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, Siena On The Lake Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Siena On The Lake 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, Siena On The Lake Inc generated $2.9m 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 (8.6%) each year. All expenses for the organization totaled $3.3m 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
SIENA ON THE LAKE IS A CHARITABLE ORGANIZATION DEDICATED TO PROVIDING CONTINUING CARE TO AGING INDIVIDUALS. SIENA ON THE LAKE CURRENTLY LEASES A RESIDENCE AS WELL AS OTHER SPACE TO THE SISTERS OF ST. DOMINIC, AN ORGANIZATION OF WOMEN RELIGIOUS, AND PROVIDES SUPPORTIVE SERVICES TO THE SISTERS AND OTHER NON-PROFIT ENTITIES ON THE CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIENA ON THE LAKE CURRENTLY LEASES HOUSING AND OFFICE SPACE TO SISTERS OF ST. DOMINIC WHICH IS THE CORPORATE ENTITY FOR A CONGREGATION OF WOMEN RELIGIOUS. SIENA ON THE LAKE ALSO PROVIDES SUPPORTIVE SERVICES OF RECEPTION, HOUSEKEEPING, DIETARY AND MAINTENANCE TO THE SISTERS AND OTHER NON-PROFIT ENTITIES ON THE CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryann Mcmahon President | OfficerTrustee | 2 | $0 |
Sharon Geertsen Secretary/treasurer | OfficerTrustee | 10 | $0 |
Agnes Johnson Vice President | OfficerTrustee | 2 | $0 |
Gary Mohn Director | Trustee | 2 | $0 |
Bernadine Flores Director | Trustee | 2 | $0 |
Gregory Anderegg Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,347 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $17,347 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,347 |
| Total Program Service Revenue | $2,302,183 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $627,999 |
| 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 | $2,948,596 |
| 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 | $971,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,721 |
| Payroll taxes | $72,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $599 |
| Fees for services: Accounting | $19,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,387 |
| Advertising and promotion | $0 |
| Office expenses | $88,480 |
| Information technology | $7,807 |
| Royalties | $0 |
| Occupancy | $506,663 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27 |
| Interest | $321,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,056 |
| Insurance | $74,470 |
| All other expenses | $0 |
| Total functional expenses | $3,315,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,072 |
| Savings and temporary cash investments | $204,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,290 |
| 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 | $13,214 |
| Net Land, buildings, and equipment | $14,790,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,461,096 |
| Accounts payable and accrued expenses | $324,520 |
| Grants payable | $0 |
| Deferred revenue | $43,344 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,117,680 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,289,548 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,327 |
| Total liabilities | $12,845,419 |
| Net assets without donor restrictions | $2,613,427 |
| Net assets with donor restrictions | $2,250 |
| 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 | $15,461,096 |
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