Benedictine Senior Living Community Of St Peter
- Assets
- $7.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 27-2716531
Organization Overview
Benedictine Senior Living Community Of St Peter is located in Minneapolis, MN. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Benedictine Senior Living Community Of St Peter 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 06/2021, Benedictine Senior Living Community Of St Peter generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2021. 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
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BENEDICTINE SENIOR LIVING COMMUNITY OF ST. PETER DBA BENEDICTINE COURT, IS A 46 ASSISTED LIVING FACILITY AND A 28-UNIT INDEPENDENT LIVING FACILITY (ACQUIRED IN DECEMBER 2018) IN ST. PETER, MINNESOTA.THE FACILITY HAD 80.1% OCCUPANCY AND SERVED 83 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/21.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nita Aasen Chair | OfficerTrustee | 1 | $0 |
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Teresa Hildebrandt Ceo/administrator | Officer | 10 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Kristen Holland Director | Trustee | 1 | $0 |
Gabriela Roemhildt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,596 |
| 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 | $161,596 |
| Total Program Service Revenue | $2,237,415 |
| Investment income | $9 |
| 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 | $2,405,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,760 |
| Grants and other assistance to domestic individuals. | $250 |
| 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 | $776,373 |
| Pension plan accruals and contributions | $10,613 |
| Other employee benefits | $116,860 |
| Payroll taxes | $53,842 |
| Fees for services: Management | $137,918 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,782 |
| Advertising and promotion | $17,085 |
| Office expenses | $15,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,546 |
| Travel | $4,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $381,756 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,927 |
| Insurance | $40,748 |
| All other expenses | $3,067 |
| Total functional expenses | $2,632,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,552,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,884 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,064,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$406,345 |
| Total assets | $7,258,881 |
| Accounts payable and accrued expenses | $113,640 |
| Grants payable | $0 |
| Deferred revenue | $9,500 |
| Tax-exempt bond liabilities | $6,836,835 |
| 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 | $1,312,678 |
| Total liabilities | $8,272,653 |
| Net assets without donor restrictions | -$1,013,772 |
| 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 | $7,258,881 |
Grants Awarded
Over the last fiscal year, Benedictine Senior Living Community Of St Peter has awarded $84,358 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $77,950 |
Minneapolis, MN PURPOSE: CAPITAL FUND/SUPPORT | $6,408 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Benedictine Senior Living Community Of St Peter has recieved totaling $48,000.
| Awarding Organization | Amount |
|---|---|
Benedictine Health System Minneapolis, MN PURPOSE: SYSTEM SUPPORT/STRATEGIC CAPITAL | $24,000 |
Benedictine Health System Minneapolis, MN PURPOSE: SYSTEM SUPPORT/STRATEGIC CAPITAL | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Bethany On 42nd Fargo, ND | $42,982,371 | $19,570,716 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Walker Senior Services Inc Minnetonka, MN | $9,398,482 | $5,933,474 |
Living Community Of St Joseph Minneapolis, MN | $23,852,740 | $12,020,800 |