Middleton Glen Inc
- Assets
- $10.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 02/1998
- Data as of
- 11/2021
- 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. 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 11/2021, Middleton Glen Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.3m during the year ending 11/2021. While expenses have increased by 4.1% per year over the past 6 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
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 95.2% OCCUPANCY RATE FOR 2020/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Sampson Treasurer | OfficerTrustee | 1 | $0 |
Timothy Conroy President | OfficerTrustee | 1 | $0 |
Johanna Dekeyser Secretary | OfficerTrustee | 1 | $0 |
Pat Kallsen Director (thru 3/21) | Trustee | 1 | $0 |
Kristi Vater Director | Trustee | 1 | $0 |
Carol Grob 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 | $700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700 |
| Total Program Service Revenue | $1,249,100 |
| Investment income | $40,017 |
| 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 | $1,289,817 |
| 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 | $268,751 |
| Pension plan accruals and contributions | $15,926 |
| Other employee benefits | $42,533 |
| Payroll taxes | $19,814 |
| Fees for services: Management | $59,048 |
| Fees for services: Legal | $4,285 |
| Fees for services: Accounting | $14,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $159,574 |
| Advertising and promotion | $435 |
| Office expenses | $24,276 |
| Information technology | $8,712 |
| Royalties | $0 |
| Occupancy | $92,016 |
| Travel | $952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,841 |
| Insurance | $28,441 |
| All other expenses | $25,143 |
| Total functional expenses | $1,343,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,517 |
| Savings and temporary cash investments | $1,028,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,491 |
| 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 | $4,402 |
| Net Land, buildings, and equipment | $5,951,536 |
| Investments—publicly traded securities | $3,283,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $214,657 |
| Total assets | $10,906,644 |
| Accounts payable and accrued expenses | $275,289 |
| 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 | $2,579,395 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,555,856 |
| Total liabilities | $12,410,540 |
| Net assets without donor restrictions | -$1,503,896 |
| 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 | $10,906,644 |
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