Lindengrove Inc
- Assets
- $53.2m
- Revenue
- $37.7m
- Investments
- $2.9m
- Employees
- 853
- Location
- Brookfield, WI
- Founding
- 08/1987
- Data as of
- 06/2020
- EIN
- 39-1574684
Organization Overview
Lindengrove Inc is located in Brookfield, WI. The organization was established in 1987. 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. As of 06/2021, Lindengrove Inc employed 853 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lindengrove 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 06/2020, Lindengrove Inc generated $37.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $40.8m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTHCARE AND RESIDENTIAL SERVICES TO SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINDENGROVE OWNS AND OPERATES SKILLED NURSING FACILITIES, COMMUNITY BASED RESIDENTIAL FACILITIES AND RESIDENTIAL CARE APARTMENT COMPLEXES. COMBINED, THESE FACILITIES SERVE 400 ELDERLY RESIDENTS ON A DAILY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Erickson-Joel President & CEO | Officer | 38 | $314,142 |
Mark V Sperka Sr. VP Finance & Bus. Integration | Officer | 38 | $238,561 |
Michael Vanbaricum Chief Human Resources Officer | 40 | $155,129 | |
Barton Smith Administrator | 40 | $147,347 | |
Suzanne Whitty Administrator | 40 | $146,389 | |
Julie Ludwig Administrator | 40 | $130,125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Favorite Healthcare Staffing Inc Medical Staffing | 6/29/21 | $178,962 |
Spectrum Cable/fax/internet | 6/29/21 | $136,000 |
Taylor Landscape & Construction Landscape/construction | 6/29/21 | $175,206 |
Varsity Services Landscape/construction | 6/29/21 | $147,584 |
Unidine Corporation Foodservice Management | 6/29/21 | $4,059,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,721,661 |
| Investment income | $130,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,652,858 |
| Statement of Expenses | |
|---|---|
| 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. | $540,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,092,307 |
| Pension plan accruals and contributions | $175,268 |
| Other employee benefits | $2,379,155 |
| Payroll taxes | $1,513,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,685 |
| Fees for services: Accounting | $49,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,502 |
| Fees for services: Other | $5,680,123 |
| Advertising and promotion | $92,637 |
| Office expenses | $954,360 |
| Information technology | $716,538 |
| Royalties | $0 |
| Occupancy | $1,287,822 |
| Travel | $51,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,628 |
| Interest | $1,243,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,058,023 |
| Insurance | $234,156 |
| All other expenses | $0 |
| Total functional expenses | $40,842,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,939,058 |
| Savings and temporary cash investments | $529,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,594,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,215 |
| Prepaid expenses and deferred charges | $695,432 |
| Investments—publicly traded securities | $878,675 |
| Investments—other securities | $2,923,889 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,820 |
| Total assets | $53,159,981 |
| Accounts payable and accrued expenses | $4,000,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $35,172,700 |
| 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 | $4,843,406 |
| Total liabilities | $44,016,365 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,143,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lindengrove Inc has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franciscan Communities Inc Lemont, IL | $256,975,349 | $105,555,316 |
Wesley Retirement Services Inc Johnston, IA | $293,962,808 | $95,958,203 |
American Baptist Homes Of The Midwest Eden Prairie, MN | $108,679,922 | $74,595,606 |
Presbyterian Homes Housing And Assisted Living Inc Roseville, MN | $328,963,538 | $77,981,814 |
Evangelical Retirement Homes Of Greater Chicago Inc Schaumburg, IL | $118,730,594 | $50,606,372 |
Northwest Senior Housing Corporation West Des Moines, IA | $270,336,764 | $32,213,860 |
Westminster Place Skokie, IL | $182,178,492 | $52,629,368 |
Council For Jewish Elderly Chicago, IL | $47,075,141 | $58,056,888 |
Lutheran Home For The Aged Arlington Heights, IL | $131,494,614 | $46,009,976 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |