Hudson Senior Housing Inc
- Assets
- $44.5m
- Revenue
- $8.1m
- Investments
- $4.3m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 01/2015
- Data as of
- 09/2023
- EIN
- 35-2515900
Organization Overview
Hudson Senior Housing Inc is located in Roseville, MN. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson 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, Hudson Senior Housing Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $8.4m during the year ending 09/2023. While expenses have increased by 11.6% 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
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 IN HUDSON WISCONSIN. THE PROJECT CONSISTS OF 95 SENIOR APARTMENTS, 46 ASSISTED LIVING UNITS AND 19 MEMORY CARE UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh Board Chair/ceo | OfficerTrustee | 1 | $0 |
Mark Meyer Sec/treas/cfo | OfficerTrustee | 1 | $0 |
John Fletcher VP Development | 1 | $0 | |
Duane Larson Brd Vice Chair | Trustee | 1 | $0 |
Mark Pederson SVP Operations | Trustee | 1 | $0 |
Teresa Larson SVP Employee Experience | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jtr Roofing Inc Construction Services | 9/29/23 | $2,328,540 |
Phs Management Llc Management Fee | 9/29/23 | $416,080 |
Central Roofing Company Construction Services | 9/29/23 | $141,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $128,011 |
| 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 | $128,011 |
| Total Program Service Revenue | $7,487,641 |
| Investment income | $95,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $190,316 |
| 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 | $4,540 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,100,096 |
| 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 | $2,457,208 |
| Pension plan accruals and contributions | $41,651 |
| Other employee benefits | $369,290 |
| Payroll taxes | $178,217 |
| Fees for services: Management | $416,080 |
| Fees for services: Legal | $54,379 |
| Fees for services: Accounting | $5,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,344 |
| Advertising and promotion | $14,562 |
| Office expenses | $80,880 |
| Information technology | $80,732 |
| Royalties | $0 |
| Occupancy | $304,308 |
| Travel | $8,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,848 |
| Interest | $2,100,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,511,178 |
| Insurance | $111,029 |
| All other expenses | $0 |
| Total functional expenses | $8,386,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,817,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,807 |
| 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 | $9,301 |
| Net Land, buildings, and equipment | $35,574,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,339,170 |
| Investments—program-related | $0 |
| Intangible assets | $714,699 |
| Other assets | $0 |
| Total assets | $44,479,385 |
| Accounts payable and accrued expenses | $2,643,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $40,086,856 |
| Escrow or custodial account liability | $0 |
| 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 | $2,907,095 |
| Total liabilities | $45,637,009 |
| Net assets without donor restrictions | -$1,157,624 |
| 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 | $44,479,385 |