Westridge Senior Housing Inc
- Assets
- $9.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Richfield, MN
- Founding
- 07/1997
- Data as of
- 09/2023
- EIN
- 31-1522545
Organization Overview
Westridge Senior Housing Inc is located in Richfield, MN. The organization was established in 1997. 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. As of 09/2023, Westridge Senior Housing Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westridge 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 09/2023, Westridge Senior Housing Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 1.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTRIDGE SENIOR HOUSING, INC. PROVIDES HOUSING WITH SERVICES TOPERSONS AGE 55 AND OLDER.SERVICES THAT ARE PROVIDED FREE OF CHARGE INCLUDE AN ACTIVITIESPROGRAM, A FITNESS PROGRAM, TRANSPORTATION TO OUTINGS, MEDICALAPPOINTMENTS AND SHOPPING, A DAILY CONTINENTAL BREAKFAST, STAFFING 24/7AND CHAPLAINCY.SERVICES THAT ARE AVAILABLE AT AN ADDITIONAL COST INCLUDE MEALS,BEAUTY/BARBER SHOP, A GUEST SUITE AND UNDERGROUND HEATED PARKING.THERE ARE ALSO TWO LAUNDRY ROOMS ON EACH FLOOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denyse Ethridge Executive Director & COO | 1 | $0 | |
Chris Schmidt VP Finance | 1 | $0 | |
Dan Lindh President | OfficerTrustee | 0.5 | $0 |
Mark Meyer Treasurer & CFO | OfficerTrustee | 0.5 | $0 |
John Bergeson Secretary | OfficerTrustee | 0.5 | $0 |
Tamara Tasche Board Chair | OfficerTrustee | 0.5 | $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 | $9,778 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,778 |
| Total Program Service Revenue | $1,857,093 |
| Investment income | $0 |
| 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 | $1,866,871 |
| 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 | $255,519 |
| Pension plan accruals and contributions | $6,157 |
| Other employee benefits | $47,491 |
| Payroll taxes | $15,490 |
| Fees for services: Management | $122,338 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,413 |
| Advertising and promotion | $20,723 |
| Office expenses | $21,862 |
| Information technology | $27,827 |
| Royalties | $0 |
| Occupancy | $382,922 |
| Travel | $844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $462,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,230 |
| Insurance | $52,249 |
| All other expenses | $0 |
| Total functional expenses | $1,843,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,304,592 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,271,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,649,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $470,434 |
| Total assets | $9,697,121 |
| Accounts payable and accrued expenses | $87,635 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $147,090 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,145,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,526 |
| Total liabilities | $10,401,493 |
| Net assets without donor restrictions | -$704,372 |
| 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 | $9,697,121 |