Olympic Village Inc
- Assets
- $14.4m
- Revenue
- $498.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sun Prairie, WI
- Founding
- Data as of
- 12/2022
- EIN
- 86-2143714
Organization Overview
Olympic Village Inc is located in Sun Prairie, WI. 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. Olympic Village 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 12/2022, Olympic Village Inc generated $498.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
TO OWN, OPERATE, CONTROL, MAINTAIN, AND SUPPORT FACILITIES FOR SENIORS THAT OFFER AN AFFORDABLE HOUSING OPTION IN A SECURE COMMUNITY FURTHERING INDEPENDENCE AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OLYMPIC VILLAGE, INC. PROVIDES 69 CONTINUING CARE SERVICE-SUPPORTED CONDOMINIUMS TO OLDER ADULTS. SERVICES INCLUDE MEALS ON WHEELS, FLU CLINIC, MAINTENANCE AND LANDSCAPING, EDUCATION AND SOCIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Toman President | OfficerTrustee | 0.5 | $0 |
Knute Villand Vice President | OfficerTrustee | 0.5 | $0 |
Arthur Eggert Secretary | OfficerTrustee | 1 | $0 |
Ron Lostetter Treasurer | OfficerTrustee | 1 | $0 |
David Schultz Director | Trustee | 0.25 | $0 |
James Schulenburg Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Badger Company Roofing | 12/30/22 | $173,181 |
Cardinal Heating & Air Conditioning Hvac | 12/30/22 | $153,179 |
Attic Angel Management Services Property Management | 12/30/22 | $116,001 |
Sherwin Williams Co Painting & Flooring | 12/30/22 | $101,003 |
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 | $494,599 |
| Investment income | $3,446 |
| 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 | $498,045 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $195,314 |
| Fees for services: Legal | $4,868 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,487 |
| Advertising and promotion | $26,309 |
| Office expenses | $9,107 |
| Information technology | $2,306 |
| Royalties | $0 |
| Occupancy | $241,391 |
| Travel | $1,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $487,900 |
| Insurance | $29,647 |
| All other expenses | $5,915 |
| Total functional expenses | $1,016,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,060 |
| 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 | $460,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245 |
| Net Land, buildings, and equipment | $13,181,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,819 |
| Total assets | $14,379,955 |
| Accounts payable and accrued expenses | $87,134 |
| Grants payable | $0 |
| Deferred revenue | $11,697,085 |
| 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 | $526,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,000 |
| Total liabilities | $12,400,888 |
| Net assets without donor restrictions | $1,979,067 |
| 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 | $14,379,955 |
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|---|---|---|
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