Vennevoll Inc

Organization Overview

Vennevoll Inc is located in Stoughton, WI. The organization was established in 1988. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Vennevoll 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 12/2021, Vennevoll Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE RETIREMENT HOUSING FOR SENIORS 62 AND OLDER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VENNEVOLL, INC. OWNS 114 AFFORDABLE SINGLE-STORY CONDOMINIUMS FOR INDEPENDENT ADULTS AGE 62 AND OLDER. EACH TWO-BEDROOM CONDOMINIUM OFFERS CAREFREE LIVING. THEY ARE MAINTENANCE FREE AND INCLUDE NUMEROUS ANCILLARY AND SUPPORT SERVICES TO HELP CREATE A SECURE ENVIRONMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Kris Krentz
President/ce
$0
Mark Schubring
Chair
$0
Diane Matson
Vice Chair
$0
Cathy Rigdon
Sec./treas.
$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$20
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20
Total Program Service Revenue$758,760
Investment income $1,375,807
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 $2,182,987

Peer Organizations

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