Twilight Acres Inc
- Assets
- $1.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 67
- Location
- Wall Lake, IA
- Founding
- 09/1966
- Data as of
- 12/2023
- EIN
- 42-0885532
Organization Overview
Twilight Acres Inc is located in Wall Lake, IA. The organization was established in 1966. 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. As of 12/2023, Twilight Acres Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twilight 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 12/2023, Twilight Acres Inc generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS BENEVOLENT AND CHARITABLE - FOR PROVIDING CARE AND ASSISTANCE TO INDIVIDUALS WHO ARE UNABLE TO PROVIDE FOR THEMSELVES WITHOUT DISTRESS OR HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS AND OPERATES A 56 BED SKILLED NURSING FACILITY FOR THE ELDERLY, INVALID AND RETIRED PERSONS, PLUS LIMITED RESIDENTIAL CARE FOR ELDERLY.
EXEMPT PURPOSE ACCOMPLISHMENTS ARE LISTED ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilyn Aschinger Board Member | Trustee | 0.5 | $0 |
Bill Dreessen Board Member | Trustee | 0.5 | $0 |
Bruce Gerdes Board Member | Trustee | 0.5 | $0 |
Melanie Hundling Board Member | Trustee | 0.5 | $0 |
Sherri Kruse Board Member | Trustee | 0.5 | $0 |
Elaine Mott Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,900 |
| Total Program Service Revenue | $2,699,241 |
| Investment income | $4,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,038 |
| 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 | $2,770,288 |
| 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 | $1,663,636 |
| Pension plan accruals and contributions | $29,547 |
| Other employee benefits | $54,409 |
| Payroll taxes | $123,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $699,695 |
| Advertising and promotion | $20,365 |
| Office expenses | $5,523 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,470 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $439 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,750 |
| Insurance | $78,879 |
| All other expenses | $20,378 |
| Total functional expenses | $3,119,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,901 |
| Savings and temporary cash investments | $524,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $290,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,937 |
| Prepaid expenses and deferred charges | $18,684 |
| Net Land, buildings, and equipment | $319,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,236,140 |
| Accounts payable and accrued expenses | $70,676 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $280,770 |
| Total liabilities | $351,446 |
| Net assets without donor restrictions | $884,694 |
| 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 | $1,236,140 |