Lincoln Glen Manor & Intermediate Care
- Assets
- $23.5m
- Revenue
- $18.7m
- Investments
- $329.8k
- Employees
- 53
- Location
- San Jose, CA
- Founding
- 11/1968
- Data as of
- 09/2023
- EIN
- 94-1646750
Organization Overview
Lincoln Glen Manor & Intermediate Care is located in San Jose, CA. The organization was established in 1968. 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. As of 09/2023, Lincoln Glen Manor & Intermediate Care employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Glen Manor & Intermediate Care 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 09/2023, Lincoln Glen Manor & Intermediate Care generated $18.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $16.7m during the year ending 09/2023. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
HOUSING FOR THE AGED; SKILLED NURSING; ASSISTED LIVING CARE AND MEMORY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT LIVING
INDEPENDENT LIVING FOR 74 RETIREMENT UNITS; 59 SKILLED BEDS W/ 24 HR CARE; ASSISTED LIVING FOR 31 UNITS; MEMORY CARE CENTER WITH 11 UNITS. SALARIES AND OTHER COSTS OF PATIENTS/RESIDENTS ARE INCLUDED IN COL B.
NURSING
ASSISTED LIVING AND MEMORY CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren J Kroeker Executive Di | Officer | 50 | $241,836 |
Aye Thwin Director Of | Officer | 45 | $155,879 |
Vicky Madriaga Accounting D | 43 | $141,960 | |
Kristen Albright Secretary | Trustee | 0 | $0 |
Tyler Cole Cirector | Trustee | 0 | $0 |
Diane Eldridge Treasurer | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Halls Home And Garden Grdn-landscpg | 9/29/19 | $306,227 |
Gogo Rooter Plumbing | 9/29/19 | $131,671 |
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 | $737 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737 |
| Total Program Service Revenue | $14,518,498 |
| Investment income | $346,308 |
| Tax Exempt Bond Proceeds | $100,451 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $18,713,570 |
| 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 | $8,283,172 |
| Pension plan accruals and contributions | $134,580 |
| Other employee benefits | $779,647 |
| Payroll taxes | $619,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,000 |
| Fees for services: Accounting | $38,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $147,485 |
| Office expenses | $0 |
| Information technology | $146,498 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,537 |
| Interest | $696,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,026,333 |
| Insurance | $271,651 |
| All other expenses | $1,828,490 |
| Total functional expenses | $16,663,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125 |
| Savings and temporary cash investments | $1,625,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,310,901 |
| Loans from Officers, Directors, or Controlling Persons | $31,537 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,125 |
| Prepaid expenses and deferred charges | $1,242,403 |
| Net Land, buildings, and equipment | $12,435,775 |
| Investments—publicly traded securities | $1,559,277 |
| Investments—other securities | $329,797 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000,053 |
| Total assets | $23,541,802 |
| Accounts payable and accrued expenses | $1,790,128 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,297,746 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,173 |
| Total liabilities | $18,134,047 |
| Net assets without donor restrictions | $5,407,755 |
| 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 | $23,541,802 |