Esplanade Gardens Senior Inc
- Assets
- $7.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 02/1997
- Data as of
- 12/2021
- 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 12/2021, Esplanade Gardens Senior Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Dana Wedum Kennelly Trustee | 1 | $0 | |
Brian Myres Chair | 2 | $0 | |
Michele Kelm Helgen Trustee | 1 | $0 | |
Jon Davis Trustee | 1 | $0 | |
Jay Portz Vice President | 1 | $0 | |
David Kjos Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silvercrest Properties | 12/30/21 | $176,760 |
Ja Wedum Foundation | 12/30/21 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $389,700 |
| Interest on Savings | $602 |
| 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 | $2,292,411 |
| Total Revenue | $2,682,713 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $102,354 |
| Taxes | $0 |
| Depreciation | $290,288 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,610,232 |
| Total operating and administrative expenses | $3,010,032 |
| Contributions, gifts, grants paid | $4,500 |
| Total expenses and disbursements | $3,014,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,002 |
| Net Accounts receivable | $23,885 |
| 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 | $86,092 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,576,343 |
| Other assets | $84,556 |
| Total assets | $6,983,878 |
| Accounts payable and accrued expenses | $424,954 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,061,872 |
| Other liabilities | $90,000 |
| Total liabilities | $7,576,826 |
Grants Awarded
Over the last fiscal year, Esplanade Gardens Senior Inc has awarded $4,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M PURPOSE: SCHOLARSHIP | $2,500 |
SAN ANTONIO COLLEGE PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF TEXAS - AUSTIN PURPOSE: SCHOLARSHIPS | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Esplanade Gardens Senior Inc has recieved totaling $28,800.
| Awarding Organization | Amount |
|---|---|
J A Wedum Foundation Plymouth, MN PURPOSE: GENERAL OPERATING SUPPORT | $28,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oakwood Village University Woods Homes Inc Madison, WI | $65,944,381 | $14,695,232 |
Healtheast Care Center-White Bear Lake Minneapolis, MN | $21,500,066 | $19,878,370 |
Baptist Home Inc Edina, MN | $23,839,414 | $18,350,368 |
St Johns Lutheran Home Albert Lea, MN | $48,874,024 | $18,188,441 |
Madison Healthcare Services Madison, MN | $39,706,321 | $23,223,798 |
Methodist Manor Health Center Inc West Allis, WI | $6,950,058 | $15,339,815 |
Catholic Eldercare Minneapolis, MN | $35,653,392 | $18,000,892 |
Ebenezer Ridges Edina, MN | $19,189,354 | $17,159,113 |
Bethany Manor Inc Story City, IA | $35,629,736 | $20,182,256 |
Bethany Lutheran Home Sioux Falls, SD | $29,243,342 | $16,408,345 |
Sholom Home West Inc St Louis Park, MN | $13,898,691 | $15,585,899 |
Bethel Lutheran Nursing & Rehabilitation Center Williston, ND | $14,740,286 | $14,698,424 |