Apple Valley Villa Apartments
- Assets
- $12.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 98
- Location
- Edina, MN
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 31-1608691
Organization Overview
Apple Valley Villa Apartments is located in Edina, MN. The organization was established in 1999. 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 12/2021, Apple Valley Villa Apartments employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apple Valley Villa Apartments 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, Apple Valley Villa Apartments generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. 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
TO PROVIDE HEALTH CARE, HOUSING AND COMMUNITY SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPLE VALLEY VILLA APARTMENTS IS A 208-UNIT SENIOR SERVICE AND CONGREGATE HOUSING COMPLEX IN APPLE VALLEY, MINNESOTA. APPLE VALLEY VILLA APARTMENTS SERVED 263 INDIVIDUALS DURING THE PERIOD ENDED DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Ellingson Treasurer | OfficerTrustee | 0.25 | $0 |
Chip Parks Secretary | OfficerTrustee | 0.25 | $0 |
Timothy Kuck Vice Chair | OfficerTrustee | 0.25 | $0 |
Rev Dr Gary Wilkerson Chair | OfficerTrustee | 0.25 | $0 |
Kathy Youngquist Chief Financial Officer | Officer | 0.69 | $0 |
Matthew Kern Chief Operating Officer | Officer | 0.69 | $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 | $981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $981 |
| Total Program Service Revenue | $4,700,440 |
| Investment income | $628 |
| 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 | $5,207,161 |
| 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 | $2,011,080 |
| Pension plan accruals and contributions | $29,713 |
| Other employee benefits | $307,856 |
| Payroll taxes | $131,927 |
| Fees for services: Management | $260,588 |
| Fees for services: Legal | $1,548 |
| Fees for services: Accounting | $22,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,876 |
| Advertising and promotion | $29,515 |
| Office expenses | $107,842 |
| Information technology | $17,324 |
| Royalties | $0 |
| Occupancy | $531,996 |
| Travel | $897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,710 |
| Interest | $503,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $857,475 |
| Insurance | $79,282 |
| All other expenses | $83,742 |
| Total functional expenses | $5,665,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,219 |
| 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 | $24,779 |
| Net Land, buildings, and equipment | $9,958,001 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,706,806 |
| Total assets | $12,354,817 |
| Accounts payable and accrued expenses | $195,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $123,509 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,949,288 |
| Unsecured mortgages and notes payable | $555,884 |
| Other liabilities | $751,010 |
| Total liabilities | $13,575,225 |
| Net assets without donor restrictions | -$1,973,544 |
| Net assets with donor restrictions | $753,136 |
| 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 | $12,354,817 |
Grants Awarded
Over the last fiscal year, Apple Valley Villa Apartments has awarded $3,878,745 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Edina, MN PURPOSE: GENERAL SUPPORT | $3,178,745 |
Edina, MN PURPOSE: GENERAL SUPPORT | $700,000 |
Endowment Analysis
| Beg. Balance | $525 |
| Ending Balance | $525 |
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 |