Middleton Glen Inc
- Assets
- $11.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Middleton, WI
- Founding
- 02/1998
- Data as of
- 11/2023
- EIN
- 91-1859494
Organization Overview
Middleton Glen Inc is located in Middleton, WI. The organization was established in 1998. 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 11/2023, Middleton Glen Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middleton Glen 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 11/2023, Middleton Glen Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.5m during the year ending 11/2023. While expenses have increased by 4.6% 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
MIDDLETON GLEN IS AN INDEPENDENT SENIOR HOUSING COMMUNITY THAT OFFERS RESIDENCY, CARE, AND SERVICES AT THE COMMUNITY TO QUALIFIED PERSON AGE FIFTY-FIVE (55) AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLETON GLEN IS AN INDEPENDENT SENIOR HOUSING COMMUNITY THAT OFFERS RESIDENCY, CARE, AND SERVICES AT THE COMMUNITY TO QUALIFIED PERSONS AGE FIFTY-FIVE (55) AND OLDER. THE COMMUNITY HAD A 99% OCCUPANCY RATE FOR 2022/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Conroy President | OfficerTrustee | 1 | $0 |
Dennis Sampson Treasurer | OfficerTrustee | 1 | $0 |
Johanna Dekeyser Secretary | OfficerTrustee | 1 | $0 |
Ann Bliss Director | Trustee | 1 | $0 |
Carol Grob Director | Trustee | 1 | $0 |
Kim Kaukl 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 | $1,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140 |
| Total Program Service Revenue | $1,347,036 |
| Investment income | $140,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,493,169 |
| 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 | $379,843 |
| Pension plan accruals and contributions | $13,959 |
| Other employee benefits | $47,875 |
| Payroll taxes | $28,053 |
| Fees for services: Management | $61,743 |
| Fees for services: Legal | $17,119 |
| Fees for services: Accounting | $10,116 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $180 |
| Fees for services: Other | $118,377 |
| Advertising and promotion | $0 |
| Office expenses | $23,532 |
| Information technology | $3,378 |
| Royalties | $0 |
| Occupancy | $92,838 |
| Travel | $1,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418,517 |
| Insurance | $34,763 |
| All other expenses | $40,168 |
| Total functional expenses | $1,520,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,928 |
| Savings and temporary cash investments | $150,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,213 |
| 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 | $5,555 |
| Net Land, buildings, and equipment | $5,843,718 |
| Investments—publicly traded securities | $4,618,289 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $629,493 |
| Total assets | $11,394,601 |
| Accounts payable and accrued expenses | $170,279 |
| 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 | $2,263,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,383,293 |
| Total liabilities | $12,816,698 |
| Net assets without donor restrictions | -$1,422,097 |
| 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 | $11,394,601 |