Siena On The Lake Inc
- Assets
- $16.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 73
- Location
- Racine, WI
- Founding
- 11/2012
- Data as of
- 12/2023
- 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 12/2023, Siena On The Lake Inc employed 73 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 12/2023, Siena On The Lake Inc generated $3.8m 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 (4.6%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIENA ON THE LAKE IS A CHARITABLE ORGANIZATION DEDICATED TO PROVIDING CONTINUING CARE. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryann Mcmahon President | OfficerTrustee | 2 | $0 |
Agnes Johnson Vice President | OfficerTrustee | 2 | $0 |
Sharon Geertsen Secretary/treasurer | OfficerTrustee | 5 | $0 |
Gary Mohn Director | Trustee | 2 | $0 |
Bernadine Flores Director | Trustee | 2 | $0 |
John Crimmings Director | Trustee | 2 | $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 | $2,946,614 |
| Investment income | $2,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $845,871 |
| 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 | $3,795,344 |
| 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 | $1,167,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $214,206 |
| Payroll taxes | $85,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,723 |
| Fees for services: Accounting | $20,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,171 |
| Advertising and promotion | $0 |
| Office expenses | $24,555 |
| Information technology | $1,589 |
| Royalties | $0 |
| Occupancy | $558,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527,790 |
| Insurance | $92,089 |
| All other expenses | $0 |
| Total functional expenses | $3,802,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,806 |
| Savings and temporary cash investments | $419,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,900 |
| 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 | $13,953 |
| Net Land, buildings, and equipment | $13,913,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,854,832 |
| Total assets | $16,434,238 |
| Accounts payable and accrued expenses | $180,767 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,901,136 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,909,653 |
| Total liabilities | $14,109,236 |
| Net assets without donor restrictions | $2,322,752 |
| 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 | $16,434,238 |