Williamsburg Retirement Community Inc
- Assets
- $31.9m
- Revenue
- $10.5m
- Investments
- $6.8m
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 05/2002
- Data as of
- 09/2023
- EIN
- 75-3033211
Organization Overview
Williamsburg Retirement Community Inc is located in Roseville, MN. The organization was established in 2002. 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. Williamsburg Retirement Community 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 09/2023, Williamsburg Retirement Community Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $10.5m during the year ending 09/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILLIAMSBURG RETIREMENT COMMUNITY IS LOCATED IN WILLIAMSBURG, IOWA. THE CAMPUS CONSISTS OF A 59 BED NURSING HOME, A 47 UNIT ASSISTED LIVING FACILITY, 54 UNIT INDEPENDENT SENIOR LIVING APARTMENTS AND 11 SENIOR TOWNHOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Lindh Board President | OfficerTrustee | 1 | $0 |
Mark Meyer Board Treaurer | OfficerTrustee | 1 | $0 |
Jonathan Fletcher VP Development | 1 | $0 | |
Duane Larson VP Operations | 1 | $0 | |
Mark Hudson Board Member | Trustee | 1 | $0 |
Mark Pederson VP Operations | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grapetree Medical Staffing Nurse Agency | 9/29/23 | $141,911 |
Phs Management Llc Management Fee | 9/29/23 | $356,460 |
Onr National Inc Therapy | 9/29/23 | $119,876 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $825,215 |
| Government grants | $15,290 |
| 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 | $840,505 |
| Total Program Service Revenue | $9,472,551 |
| Investment income | $71,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,297 |
| 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 | -$1,007 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,544,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,339 |
| 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 | $4,935,192 |
| Pension plan accruals and contributions | $60,466 |
| Other employee benefits | $621,732 |
| Payroll taxes | $364,005 |
| Fees for services: Management | $356,460 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $499,051 |
| Advertising and promotion | $22,349 |
| Office expenses | $146,523 |
| Information technology | $109,004 |
| Royalties | $0 |
| Occupancy | $569,439 |
| Travel | $14,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,687 |
| Interest | $146,483 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,417,398 |
| Insurance | $160,377 |
| All other expenses | $0 |
| Total functional expenses | $10,509,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,535,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $170,115 |
| 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 | $15,571 |
| Net Land, buildings, and equipment | $21,398,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,810,773 |
| Investments—program-related | $0 |
| Intangible assets | $10,312 |
| Other assets | $0 |
| Total assets | $31,940,649 |
| Accounts payable and accrued expenses | $425,751 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,414,960 |
| Escrow or custodial account liability | $1,868,405 |
| 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 | $1,292,993 |
| Total liabilities | $7,002,109 |
| Net assets without donor restrictions | $19,261,336 |
| Net assets with donor restrictions | $5,677,204 |
| 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 | $31,940,649 |