Lindengrove Inc
- Assets
- $52.2m
- Revenue
- $45.0m
- Investments
- $1.9m
- Employees
- 759
- Location
- Brookfield, WI
- Founding
- 08/1987
- Data as of
- 06/2021
- 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 06/2022, Lindengrove Inc employed 759 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 06/2021, Lindengrove Inc generated $45.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $41.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Fred Syrjanen Chairman | OfficerTrustee | 2 | $0 |
Kara Waggoner Treasurer | OfficerTrustee | 2 | $0 |
Teri Lux Secretary | OfficerTrustee | 2 | $0 |
Mervyn Byrd Director | Trustee | 2 | $0 |
David Goldberg MD Director | Trustee | 2 | $0 |
Julie Jackson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Landscape & Construction Service Landscaping/construction | 6/29/22 | $175,207 |
Varsity Services Landscaping | 6/29/22 | $147,585 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,588,866 |
| Investment income | $54,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,991,935 |
| 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. | $581,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,827,510 |
| Pension plan accruals and contributions | $171,910 |
| Other employee benefits | $2,328,676 |
| Payroll taxes | $1,473,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,569 |
| Fees for services: Accounting | $80,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,296 |
| Fees for services: Other | $5,435,003 |
| Advertising and promotion | $78,118 |
| Office expenses | $1,076,979 |
| Information technology | $754,831 |
| Royalties | $0 |
| Occupancy | $1,334,794 |
| Travel | $30,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,425 |
| Interest | $1,311,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,072,418 |
| Insurance | $277,868 |
| All other expenses | $0 |
| Total functional expenses | $40,958,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,306,255 |
| Savings and temporary cash investments | $502,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,473,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,196 |
| Prepaid expenses and deferred charges | $1,062,234 |
| Investments—publicly traded securities | $1,147,243 |
| Investments—other securities | $1,887,288 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,524,120 |
| Total assets | $52,204,913 |
| Accounts payable and accrued expenses | $4,751,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $33,774,775 |
| 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 | $333,897 |
| Total liabilities | $38,859,679 |
| 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 | $13,345,234 |