Ebenezer Ridges Assisted Living
- Assets
- $6.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 41-1964691
Organization Overview
Ebenezer Ridges Assisted Living is located in Edina, MN. The organization was established in 2000. 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. Ebenezer Ridges Assisted Living 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 12/2021, Ebenezer Ridges Assisted Living generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 5.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMORY CARE SERVICES TO IMPROVE THE QUALITY OF LIFE FOR THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR CITIZENS HOUSING PROJECT WITH 44 UNITS THAT PROVIDES QUALITY ASSISTED LIVING TO SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, New 2021 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,573 |
| Government grants | $74,485 |
| 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 | $77,058 |
| Total Program Service Revenue | $3,700,317 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,000 |
| 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 | $3,960,084 |
| 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 | $1,736,920 |
| Pension plan accruals and contributions | $24,768 |
| Other employee benefits | $216,015 |
| Payroll taxes | $125,194 |
| Fees for services: Management | $89,220 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $250,539 |
| Advertising and promotion | $2,813 |
| Office expenses | $98,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,528 |
| Travel | $99 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,245 |
| Interest | $444,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,196 |
| Insurance | $0 |
| All other expenses | $4,282 |
| Total functional expenses | $4,264,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,635,844 |
| Savings and temporary cash investments | $385,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,227 |
| 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 | $79,290 |
| Net Land, buildings, and equipment | $4,023,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,414 |
| Total assets | $6,172,780 |
| Accounts payable and accrued expenses | $595,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,547 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,655,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,678 |
| Total liabilities | $8,270,806 |
| Net assets without donor restrictions | -$2,098,026 |
| 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 | $6,172,780 |
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