Wayzata Bay Senior Housing Inc

Organization Overview

Wayzata Bay Senior Housing Inc is located in Roseville, MN. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayzata Bay Senior Housing 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 09/2020, Wayzata Bay Senior Housing Inc generated $19.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $19.8m during the year ending 09/2020. While expenses have increased by 0.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WAYZATA BAY SENIOR HOUSING, INC.IS LOCATED IN WAYZATA, MN AND CONSISTS OF 30 SKILLED NURSING BEDS, 17 APARTMENT MEMORY CARE SPECIFIC ASSISTED LIVING, 48 TRADITIONAL ASSISTED LIVING APARTMENTS, AND 221 INDEPENDENT SENIOR APARTMENTS AND 26 ALL AGE APARTMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Duane Larson
SVP Operations
$0
Mark Meyer
CFO
$0
Daniel Lindh
CEO
$0
Teresa Larson
SVP Human Resources
$0
Jonathan Fletcher
VP Development
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The North Painting
Contract Painting
$150,571
Phs Management Llc
Management Services
$996,801
Promenade Of Wayzata
Master Association
$415,254
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$177,389
Investment income $182,511
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$642,168
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 -$1,608
Miscellaneous Revenue$0
Total Revenue $19,706,381

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wayzata Bay Senior Housing Inc has recieved totaling $53,682.

Awarding OrganizationAmount
Presbyterian Homes Foundation

Roseville, MN

PURPOSE: FURTHER EXEMPT PURPOSE

$53,682
View Grant Recipient Profile

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