Sunburst Acres Inc
- Assets
- $470.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roseau, MN
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 41-1663750
Organization Overview
Sunburst Acres Inc is located in Roseau, MN. The organization was established in 1994. 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. Sunburst Acres 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, Sunburst Acres Inc generated $123.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $127.9k during the year ending 12/2022. While expenses have increased by 1.5% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING SUBSIDIZED HOUSING FOR LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Skrutvold President | 4 | $5,400 | |
Glen Johnson Vice President | 0.5 | $0 | |
Eileen Carter Secretary | 0.5 | $0 | |
Roxan Vatnsdal Treasurer | 0.5 | $0 | |
Steve Dostal Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $123,005 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $870 |
| Total Revenue | $123,875 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,400 |
| Professional fees and other payments to independent contractors | $13,579 |
| Occupancy, rent, utilities, and maintenance | $83,685 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,280 |
| Total expenses | $127,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,878 |
| Other assets | $0 |
| Total assets | $470,443 |
| Total liabilities | $557,292 |
| Net assets or fund balances | -$86,849 |