Southview Estates
- Assets
- $1.0m
- Revenue
- $419.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Blue Earth, MN
- Founding
- 12/1997
- Data as of
- 09/2023
- EIN
- 41-1845740
Organization Overview
Southview Estates is located in Blue Earth, MN. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southview Estates 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 09/2023, Southview Estates generated $419.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $333.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION FOR HOUSING FOR THE ELDERLY AND HANDICAPPED THROUGH OPERATION OF A 24 UNIT CONGREGATE HOUSING FACILITY IN BLUE EARTH, MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Coupanger Chairman | 0 | $0 | |
Jacqui Dikken Vice Chairman | 0 | $0 | |
Dennis Madsen Secretary | 0 | $0 | |
Bob Hansen Director | 0 | $0 | |
Judy Clark Director | 0 | $0 | |
Margaret Brandt CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,577 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $415,070 |
| Total Revenue | $419,647 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $72,100 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,342 |
| Depreciation | $50,261 |
| Occupancy | $72,390 |
| Travel, conferences, and meetings | $78 |
| Printing and publications | $0 |
| Other expenses | $84,864 |
| Total operating and administrative expenses | $333,948 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $333,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,635 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $54,655 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,089 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $478,432 |
| Other assets | $33,294 |
| Total assets | $1,025,105 |
| Accounts payable and accrued expenses | $8,315 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $56,667 |
| Total liabilities | $64,982 |