Skaalen Retirement Services Inc
- Assets
- $8.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Stoughton, WI
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 81-3945492
Organization Overview
Skaalen Retirement Services Inc is located in Stoughton, WI. The organization was established in 1988. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Skaalen Retirement Services 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 12/2021, Skaalen Retirement Services Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 67.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 33.5% per year over the past 4 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 AFFORDABLE ASSISTED LIVING FOR SENIORS AGE 62 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKAALEN HEIGHTS IS A 33 UNIT RESIDENTIAL CARE APARTMENT COMPLEX FOR THE ELDERLY. INDIVIDUAL UNITS HAVE LOCKED ENTRANCES, KITCHENS, AND BATHROOMS AND PROVIDE FOR A SAFE AND SECURE ENVIRONMENT. CARE IS PROVIDED FOR BASED ON THE PARTICULAR INDIVIDUAL NEEDS OF THE RESIDENTS. SKAALEN RETIREMENT SERVICES RCAC, LLC (FED ID 61-1806898), IS A SOLE MEMBER LLC WHICH IS OWNED BY SKAALEN RETIREMENT SERVICES, INC. SKAALEN RETIREMENT SERVICES RCAC, LLC OWNS AND OPERATES SKAALEN HEIGHTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/ce | Officer | 1 | $0 |
Cindy Mcglynn Chair | Trustee | 1 | $0 |
Diane Matson Director | Trustee | 1 | $0 |
Rev Jerry Tews Vice Chair | Trustee | 1 | $0 |
Meg Veek Secretary/tr | Trustee | 1 | $0 |
Matt Roethe Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,052,276 |
| Investment income | $0 |
| 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 | $1,140,376 |
| 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 | $418,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,606 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,218 |
| Fees for services: Accounting | $14,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,944 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,215 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $406,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,174 |
| Insurance | $8,476 |
| All other expenses | $36,229 |
| Total functional expenses | $1,621,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,645 |
| Net Land, buildings, and equipment | $8,701,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,810,311 |
| Accounts payable and accrued expenses | $39,142 |
| 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 | $8,751,568 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,114,011 |
| Total liabilities | $10,904,721 |
| Net assets without donor restrictions | -$2,094,410 |
| 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 | $8,810,311 |
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