Kirkland Crossings Inc
- Assets
- $16.9m
- Revenue
- $6.9m
- Investments
- $691.2k
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 01/2000
- Data as of
- 09/2023
- EIN
- 31-1662039
Organization Overview
Kirkland Crossings Inc is located in Roseville, MN. The organization was established in 2000. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kirkland Crossings 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, Kirkland Crossings Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.7m during the year ending 09/2023. While expenses have increased by 1.2% 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
THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS LOCATED N PEWAUKEE, WISCONSIN. IT CONSISTS OF 60 ASSISTED LIVING UNITS WITH 20 DESIGNED FOR MEMORY CARE SPECIFIC NEEDS, 60 INDEPENDENT SENIOR LIVING APARTMENTS AND 22 INDEPENDENT SENIOR TOWNHOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh President & CEO | OfficerTrustee | 1 | $0 |
Mark Meyer Cfo/treasurer | Officer | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Duane Larson VP Operations | 1 | $0 | |
Mark Pederson VP Operations 5/23 | 1 | $0 | |
Teresa Larson SVP Employee Experience | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phs Management Llc Management Fee | 9/29/20 | $286,200 |
Storm Guard Roofing & Construction Windows/siding Contractor | 9/29/20 | $353,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $49,515 |
| Government grants | $0 |
| 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 | $49,515 |
| Total Program Service Revenue | $6,631,804 |
| Investment income | $7,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,379 |
| 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 | $1,099 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,875,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,610 |
| 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 | $2,151,379 |
| Pension plan accruals and contributions | $31,463 |
| Other employee benefits | $285,786 |
| Payroll taxes | $170,371 |
| Fees for services: Management | $324,793 |
| Fees for services: Legal | $6,025 |
| Fees for services: Accounting | $4,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,230 |
| Advertising and promotion | $19,088 |
| Office expenses | $114,157 |
| Information technology | $78,213 |
| Royalties | $0 |
| Occupancy | $414,763 |
| Travel | $14,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,217 |
| Interest | $484,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $724,087 |
| Insurance | $98,752 |
| All other expenses | $1,267 |
| Total functional expenses | $5,724,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,982,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,127 |
| 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 | $8,389 |
| Net Land, buildings, and equipment | $8,891,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $691,228 |
| Investments—program-related | $0 |
| Intangible assets | $176,549 |
| Other assets | $123,908 |
| Total assets | $16,893,215 |
| Accounts payable and accrued expenses | $331,945 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,544,611 |
| Escrow or custodial account liability | $649,226 |
| 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 | $226,590 |
| Total liabilities | $12,752,372 |
| Net assets without donor restrictions | $4,140,843 |
| 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 | $16,893,215 |