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Carmel Residence INC

Tax-deductible

Oshkosh, WI501(c)(3)HousingEIN 39-1448325

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To provide housing for aging persons.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 23.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $38K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+10% vs prior year
Spent
$984K
To programs
78%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +10%
Revenue by fiscal year
FY2020$797K
FY2021$738K
FY2022$913K
FY2023$1000K
FY2024$1.1M
Expenses
$984K
FY2024▲ +1%
Expenses by fiscal year
FY2020$864K
FY2021$819K
FY2022$881K
FY2023$974K
FY2024$984K
Net assets
$1.3M
FY2024▲ +10%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $770K Management & general 22% · $214K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Nate Olson
Vice Chair
$0Pt VII · Sec A
Jamie Bonell
Secretary
$0Pt VII · Sec A
Mark Boettcher
Board Member
$0Pt VII · Sec A
Diane Langdon
Board Member
$0Pt VII · Sec A
Stew Rieckman
Board Member
$0Pt VII · Sec A
Jason Lowe
Board Member
$0Pt VII · Sec A
Dr Paula McNiel
Board Member
$0Pt VII · Sec A
See Carmel Residence INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for aging people.

Provided by the organization

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1 program · $770K · in their own filed words · FY2024
01

Carmel residence, inc., provides independent living facilities for aging persons. The entity has 72 independent living units.

$770Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Miravida Living Foundation INCFY2023$38K
Total grants receivedfrom 1 funder$38K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$47K
Other incomeLn 4–11$3K
Money outPt IX
$984K
Ln 25
Programscol B$770K
Managementcol C$214K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$47K
Other incomeLn 4–11$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.7M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.0M$1.9M
Land, buildings, equipmentLn 10c$2.1M$2.1M
Total assetsLn 16$4.1M$4.0M
LiabilitiesLn 26$2.9M$2.7M
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$299K$114K$184K
Management feesLn 11a$58K$58K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$66K$66K$163
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$7K$7K
Information technologyLn 14$4K$4K
OccupancyLn 16$158K$158K
Depreciation, depletion and amortizationLn 22$344K$344K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$14K$12K$2K
Total functional expensesLn 25$984K$770K$214K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$984K$112K$1.3M 990 PDF
FY2023 $1000K$974K$26K$1.2M 990 PDF
FY2022 $913K$881K$33K$1.2M 990 PDF
FY2021 $738K$819K−$81K$1.1M 990 PDF
FY2020 $797K$864K−$68K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,095,883 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,045,909$1,045,909
VIII-3 Investment incomeExcluded from tax $47,115$47,115
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,859$2,859
VIII-12 Total revenueRelated to mission $1,045,909 · Unrelated business $0 · Excluded from tax $49,974$1,095,883
Part IX · Statement of functional expenses $983,868 across 11 lines filed
IX-7 Other salaries and wagesPrograms $114,468 · Management $184,176$298,644
IX-11a Management feesPrograms $57,996$57,996
IX-11c Accounting feesManagement $9,448$9,448
IX-11g Other fees for servicesPrograms $65,872 · Management $163$66,035
IX-12 Advertising and promotionManagement $7,893$7,893
IX-13 Office expensesManagement $6,696$6,696
IX-14 Information technologyManagement $3,529$3,529
IX-16 OccupancyPrograms $158,347$158,347
IX-22 Depreciation, depletion and amortizationPrograms $344,398$344,398
IX-23 InsurancePrograms $16,766$16,766
IX-24 Other expenses (24a–d)Programs $12,336 · Management $1,780$14,116
IX-25 Total functional expensesPrograms $770,183 · Management $213,685 · Fundraising $0$983,868
Part X · Balance sheet $3,984,302 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $28,391$21,730
X-2 Savings and temporary cash investmentsStart of year $1,932,495$1,895,556
X-4 Accounts receivableStart of year $2,807$8,963
X-9 Prepaid expenses and deferred chargesStart of year $3,376$1,143
X-10c Land, buildings and equipment, netStart of year $2,095,979$2,056,910
X-16 Total assetsStart of year $4,063,048$3,984,302
X-17 Accounts payable and accrued expensesStart of year $18,549$33,837
X-19 Deferred revenueStart of year $426,324$305,041
X-25 Other liabilitiesStart of year $420,305$358,336
X-26 Total liabilitiesStart of year $2,884,301$2,693,540
X-27 Net assets without donor restrictionsStart of year $1,178,747$1,290,762
X-32 Total net assets or fund balancesStart of year $1,178,747$1,290,762
X-33 Total liabilities and net assetsStart of year $4,063,048$3,984,302
Part XI · Reconciliation of net assets $1,290,762 net assets at year end
XI-1 Total revenue$1,095,883
XI-2 Total expenses$983,868
XI-3 Revenue less expenses$112,015
XI-4 Net assets at start of year$1,178,747
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,290,762

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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