Lyngblomsten Apartments Inc
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 01/1979
- Data as of
- 12/2022
- EIN
- 41-1327121
Organization Overview
Lyngblomsten Apartments Inc is located in St Paul, MN. The organization was established in 1979. 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. Lyngblomsten Apartments 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 12/2022, Lyngblomsten Apartments Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MINISTRY OF COMPASSIONATE CARE AND INNOVATIVE SERVICES TO OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LYNGBLOMSTEN APARTMENTS IS A HUD-SUBSIDIZED RENTAL APARTMENT BUILDING FOR PEOPLE 62 YEARS OF AGE OR OLDER WHO HAVE LOW INCOMES. IN 2022, IT SERVED 130 OLDER ADULTS. THE APARTMENTS OFFER PERSONALIZED LIVING WITHOUT THE WORRIES OF MAINTAINING A HOME. A VARIETY OF OPPORTUNITIES FOR SOCIAL ACTIVITIES ARE AVAILABLE, WHICH ARE COORDINATED BY APARTMENTS STAFF, LYNGBLOMSTEN COMMUNITY SERVICES, AND LYNGBLOMSTEN'S LIFELONG LEARNING AND THE ARTS DEPARTMENT. INVOLVED MANAGEMENT AND STAFF PROMOTE THE FEELING OF A CARING FAMILY. A SERVICE COORDINATOR ASSISTS TENANTS WITH FINDING APPROPRIATE SERVICES/RESOURCES, COMPLETING PAPERWORK, ETC. BRINGING PEACE OF MIND TO THE TENANTS AND THEIR FAMILIES. THOSE NEEDING PERSONAL OR MEDICAL CARE CAN CONTRACT FOR SERVICES THROUGH LYNGBLOMSTEN HOME HEALTH SERVICES OR THROUGH ANY AGENCY OF THEIR CHOICE.AS TENANTS HAVE BEEN AGING IN PLACE AND BECOMING LESS MOBILE, WE CONTINUE TO EXPLORE WAYS TO MEET THEIR INCREASED NEEDS FOR ACTIVITIES AND SUPPORT. LYNGBLOMSTEN APARTMENTS, INC., IS AFFILIATED WITH LYNGBLOMSTEN AND THE EVANGELICAL LUTHERAN CHURCH IN AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Heinecke President & CEO | OfficerTrustee | 1 | $0 |
Bradley J Jacobson CFO | Officer | 1 | $0 |
Kim Donat Chair | OfficerTrustee | 1 | $0 |
Debra George Vice Chair | OfficerTrustee | 1 | $0 |
David Christianson May 2022 Treasurer | OfficerTrustee | 1 | $0 |
Dr Mark Knudson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,263 |
| 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 | $71,263 |
| Total Program Service Revenue | $1,279,835 |
| Investment income | $56 |
| 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 | $1,357,242 |
| 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 | $397,816 |
| Pension plan accruals and contributions | $10,056 |
| Other employee benefits | $69,453 |
| Payroll taxes | $22,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,895 |
| Fees for services: Accounting | $22,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,483 |
| Advertising and promotion | $4,348 |
| Office expenses | $74,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $444,350 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $321,367 |
| Insurance | $0 |
| All other expenses | $21,952 |
| Total functional expenses | $1,613,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,269 |
| 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 | $28,464 |
| Net Land, buildings, and equipment | $1,717,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,446 |
| Total assets | $2,075,281 |
| Accounts payable and accrued expenses | $70,644 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $51,879 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,631,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $311,171 |
| Total liabilities | $4,065,273 |
| Net assets without donor restrictions | -$1,989,992 |
| 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 | $2,075,281 |