Carty Heights
- Assets
- $3.9m
- Revenue
- $452.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-4250735
Organization Overview
Carty Heights is located in Saint Paul, MN. The organization was established in 2006. 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. Carty Heights 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, Carty Heights generated $452.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $722.9k 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
TO PROVIDE RENTAL HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 50 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY IN ST. PAUL, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Gove Chair | OfficerTrustee | 0.1 | $0 |
Brian Ostenso Treasurer | OfficerTrustee | 0.1 | $0 |
Carol Forbes Secretary | OfficerTrustee | 0.1 | $0 |
Melissa Gilbertson Vice-Chair | OfficerTrustee | 0.1 | $0 |
Steven Mork COO | Officer | 3 | $0 |
Mary Routhieaux Cao | Officer | 3 | $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 | $452,476 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $452,894 |
| 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 | $76,380 |
| Pension plan accruals and contributions | $2,164 |
| Other employee benefits | $18,428 |
| Payroll taxes | $6,893 |
| Fees for services: Management | $38,628 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,455 |
| Advertising and promotion | $2,413 |
| Office expenses | $12,279 |
| Information technology | $3,033 |
| Royalties | $0 |
| Occupancy | $175,005 |
| Travel | $396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,779 |
| Interest | $276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,521 |
| Insurance | $1,100 |
| All other expenses | $119 |
| Total functional expenses | $722,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623 |
| Savings and temporary cash investments | $310,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404 |
| 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 | $4,151 |
| Net Land, buildings, and equipment | $3,527,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,486 |
| Total assets | $3,864,159 |
| Accounts payable and accrued expenses | $50,032 |
| Grants payable | $0 |
| Deferred revenue | $815 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,585 |
| 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 | $29,029 |
| Total liabilities | $98,461 |
| Net assets without donor restrictions | -$2,131,102 |
| Net assets with donor restrictions | $5,896,800 |
| 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 | $3,864,159 |
Endowment Analysis
| Beg. Balance | $5,896,828 |
| Ending Balance | $5,896,828 |
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