Maplewood Residence Inc

Organization Overview

Maplewood Residence Inc is located in Fairmont, MN. The organization was established in 1985. 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. Maplewood Residence 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 09/2022, Maplewood Residence Inc generated $553.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $531.8k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

MRI IS A 24 HOUR SECURE INDEPENDENT SENIOR LIVING COMPLEX THAT HAS 39 RENTABLE APARTMENTS WITH A VARIETY OF FLOOR PLANS. MRI OFFERS SENIORS MAINTENANCE FREE LIVING IN A FUN AND FRIENDLY COMMUNITY ENVIRONMENT. WE OFFER FREE TRANSPORTATION TWICE A WEEK FOR YOUR SHOPPING OR APPOINTMENT NEEDS. MEAL PACKAGES, HOUSEKEEPING AND LAUNDRY SERVICE ARE AVAILABLE FOR A FEE. MRI IS A PART OF LAKEVIEW HEALTH CARE CAMPUS, ALLOWING TENANTS TO UTILIZE THE MANY AMENITIES THAT ARE AVAILABLE ON THE CAMPUS SUCH AS CHAPEL AND CHAPLAIN SERVICES, BEAUTY SALON, THERAPY SERVICES AND A GIFT SHOP.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
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 $553,101
Total Revenue $553,101

Endowment Analysis

Beg. Balance$269,103
Ending Balance$269,103

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