Linden Knoll Inc
- Assets
- $7.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 16-1528780
Organization Overview
Linden Knoll Inc is located in Rochester, NY. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linden Knoll 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, Linden Knoll Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN INDEPENDENT SENIOR LIVING RESIDENCE WITH CONVENIENT SUPPORT OPTIONS, A VARIETY OF AMENITIES, AND FRIENDLY NEIGHBORS AND STAFF, ENABLING RESIDENTS TO LIVE LIFE TO ITS FULLEST WITH VALUE IN MIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED A 148-UNIT SENIOR LIVING APARTMENT COMPLEX IN BRIGHTON, NEW YORK AND PROVIDED HOUSING AND AUXILIARY SERVICES FOR AGED PERSONS OF MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Carman IV Director | Trustee | 1 | $0 |
Robert Parker Secretary | OfficerTrustee | 1 | $0 |
Stanley Peck Immediate Past Chairperson | OfficerTrustee | 1 | $0 |
Jean Maess Chairperson | OfficerTrustee | 1 | $0 |
Frank Allen Director | Trustee | 1 | $0 |
Tracy Slaven Vice Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $66,930 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,930 |
| Total Program Service Revenue | $1,706,443 |
| Investment income | $114,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,572 |
| Net Gain/Loss on Asset Sales | $60,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,218,983 |
| 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 | $407,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,726 |
| Fees for services: Accounting | $19,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,672 |
| Fees for services: Other | $58,697 |
| Advertising and promotion | $58,262 |
| Office expenses | $13,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $56,389 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,422 |
| Insurance | $65,276 |
| All other expenses | $0 |
| Total functional expenses | $1,650,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $333,132 |
| Pledges and grants receivable | $1,537 |
| Accounts receivable, net | $14,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,919 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,798,372 |
| Investments—publicly traded securities | $2,539,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $897,535 |
| Total assets | $7,593,008 |
| Accounts payable and accrued expenses | $121,278 |
| Grants payable | $0 |
| Deferred revenue | $5,166 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $134,447 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,234,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,103 |
| Total liabilities | $1,550,276 |
| Net assets without donor restrictions | $6,042,732 |
| 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 | $7,593,008 |