Steeple Pointe Senior Living Community
- Assets
- $2.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 62
- Location
- Minneapolis, MN
- Founding
- 05/1997
- Data as of
- 06/2022
- EIN
- 41-1852273
Organization Overview
Steeple Pointe Senior Living Community, operating under the name Benedictine Living Community - Osseo, is located in Minneapolis, MN. The organization was established in 1997. 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, Benedictine Living Community - Osseo employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benedictine Living Community - Osseo 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 06/2022, Benedictine Living Community - Osseo generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO WITNESS TO GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF BENEDICTINE LIVING COMMUNITY - OSSEO IS A 59 ASSISTED LIVING FACILITY IN OSSEO, MINNESOTA. THE FACILITY HAD 73.6% OCCUPANCY AND SERVED 69 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Carley CEO Of Bhs | Officer | 1 | $0 |
Kevin Rymanowski CFO Of Bhs | Officer | 1 | $0 |
Tia Bowe VP Of Bhs (through March 2022) | OfficerTrustee | 1 | $0 |
Reid Hewitt Executive Director | Officer | 5 | $0 |
David Hoel Chair | OfficerTrustee | 1 | $0 |
Jeffery Benson Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zellner Senior Health Consulting Llc Interim Executive Director & Nursing | 6/29/21 | $227,031 |
Us Food Service- Nw 6059 Food & Culinary Supplies | 6/29/21 | $139,973 |
Benedictine Health System Management Services | 6/29/21 | $136,139 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,654 |
| Government grants | $135,594 |
| 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 | $153,248 |
| Total Program Service Revenue | $2,365,257 |
| Investment income | $781 |
| 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 | $2,521,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,138 |
| Grants and other assistance to domestic individuals. | $9,418 |
| 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 | $1,178,672 |
| Pension plan accruals and contributions | $16,068 |
| Other employee benefits | $103,822 |
| Payroll taxes | $90,660 |
| Fees for services: Management | $122,504 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,545 |
| Advertising and promotion | $23,385 |
| Office expenses | $25,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $297,747 |
| Travel | $438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,425 |
| Insurance | $34,754 |
| All other expenses | $1,435 |
| Total functional expenses | $2,534,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,363,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,903 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,184,285 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,619 |
| Total assets | $2,165,906 |
| Accounts payable and accrued expenses | $406,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,696,780 |
| Escrow or custodial account liability | $16,939 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $66,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,096 |
| Total liabilities | $2,197,918 |
| Net assets without donor restrictions | -$36,513 |
| Net assets with donor restrictions | $4,501 |
| 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 | $2,165,906 |
Grants Awarded
Over the last fiscal year, Steeple Pointe Senior Living Community has awarded $37,138 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENEDICTINE HEALTH SYSTEM PURPOSE: GENERAL OPERATING SUPPORT | $7,008 |
BENEDICTINE LIVING COMMUNITIES INC PURPOSE: STRATEGIC CAPITAL | $30,130 |