Esplanade Gardens Senior Inc
- Assets
- $7.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 31-1492187
Organization Overview
Esplanade Gardens Senior Inc is located in Plymouth, MN. The organization was established in 1997. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esplanade Gardens Senior 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 12/2023, Esplanade Gardens Senior Inc generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESPLANADE GARDENS IS A SENIOR LIVING COMMUNITY WHICH OFFERS SENIORS THE OPPORTUNITY TO ENJOY AFFORDABLE HOUSING IN A WARM COMMUNITY ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Myres Chair | 2 | $0 | |
David Kjos Trustee | 1 | $0 | |
Dana Wedum Kennelly Treasurer | 1 | $0 | |
Dawn Downs Trustee | 1 | $0 | |
Dayton Soby Secretary | 1 | $0 | |
Michele Kelm Helgen Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ja Wedum Foundation | 12/30/23 | $100,000 |
Silvercrest Properties | 12/30/23 | $189,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $199,906 |
| Interest on Savings | $28,077 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,594,467 |
| Total Revenue | $3,822,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $70,300 |
| Taxes | $0 |
| Depreciation | $297,818 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,184,042 |
| Total operating and administrative expenses | $3,559,856 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $3,567,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $957,136 |
| Net Accounts receivable | $4,337 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $107,195 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,239,892 |
| Other assets | $80,359 |
| Total assets | $7,388,919 |
| Accounts payable and accrued expenses | $240,789 |
| Grants payable | $0 |
| Deferred revenue | $3,906 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,030,000 |
| Other liabilities | $76,000 |
| Total liabilities | $7,350,695 |
Grants Awarded
Over the last fiscal year, Esplanade Gardens Senior Inc has awarded $7,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,000 |
UNIVERSITY OF HOUSTON PURPOSE: SCHOLARSHIPS | $1,000 |
TEXAS A&M CORPUS CHRISTI PURPOSE: SCHOLARSHIPS | $2,000 |
UNIVERSITY OF INCARNATE WORD PURPOSE: SCHOLARSHIPS | $2,500 |