Lindengrove INC FY2021 filing

Brookfield, WIUnknown exempt organizationEIN 39-1574684

Provide healthcare and residential services to seniors.

96¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $1.1M a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$38.9M
74% of total assets
Worth a look: liabilities are 74% 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
$45.0M
+19% vs prior year
Spent
$41.0M
To programs
96%
Net assets
$13.3M
By yearFY2020–FY2023
Revenue
$45.0M
FY2021▲ +19%
Revenue by fiscal year
FY2020$37.7M
FY2021$45.0M
FY2022$37.4M
FY2023$0
Expenses
$41.0M
FY2021+0.3%
Expenses by fiscal year
FY2020$40.8M
FY2021$41.0M
FY2022$42.8M
FY2023$0
Net assets
$13.3M
FY2021▲ +46%
Net assets by fiscal year
FY2020$9.1M
FY2021$13.3M
FY2022$7.7M
FY2023$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $39.2M Management & general 4% · $1.8M

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

Who runs it and what they're paid

16 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$314,142Pt VII · Sec A
SR. VP Finance & Bus. Integration
$238,561Pt VII · Sec A
Chief Human Resources Officer
$155,129Pt VII · Sec A
Administrator
$147,347Pt VII · Sec A
Administrator
$146,389Pt VII · Sec A
Administrator
$130,125Pt VII · Sec A
Director of Rehab - Mk
$128,886Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Linda Erickson-Joel$353,172$314,142$268,975
Mark V Sperka$270,074$238,561$240,723
Michael Vanbaricum$152,917$155,129—
Suzanne Whitty$154,399$146,389$134,783
Michael Vanblaricum——$149,980
Barton Smith$147,958$147,347$129,642
Colleen Patzer$141,370——
Lori Strecok$132,075$128,886—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Offers healthcare and housing for older adults.

Provided by the organization

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1 program service account for $39.2M of program spending, described in the organization's own filed words · FY2020.
01

Lindengrove owns and operates skilled nursing facilities, community based residential facilities and residential care apartment complexes. Combined, these facilities serve 400 elderly residents on a daily basis.

$39.2Mprogram expense

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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
Total grants receivedfrom 1 funder$19

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$45.0M
Ln 12
Fees for servicesLn 2g$31.2M
Gifts and grantsLn 1h$13.6M
Investment incomeLn 3$119K
Money outPt IX
$41.0M
Ln 25
Programscol B$39.2M
Managementcol C$1.8M
Owns and owesPt X
$13.3M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$52.2M
LiabilitiesLn 26$38.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.6M
Government grantsLn 1e$13.5M
Fees for servicesLn 2g$31.2M
Investment incomeLn 3$119K
Other incomeLn 4–11$86K
Gains on assetsLn 7$64K
Total revenueLn 12$45.0M
Assets in detailPt X, end of year
CashLn 1$6.3M
SavingsLn 2$502K
Cash and savings togetherLn 1–2$6.8M
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$35.2M
Other assetsLn 15$2.5M
Total assetsLn 16$52.2M
LiabilitiesLn 26$38.9M
Net assetsLn 32$13.3M
OperationsPt I, VI
EmployeesI 5853
VolunteersI 675
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$7.5M$6.8M
InvestmentsLn 11–13$3.8M$3.0M
Land, buildings, equipmentLn 10c$36.5M$35.2M
Total assetsLn 16$53.2M$52.2M
LiabilitiesLn 26$44.0M$38.9M
Net assetsLn 32$9.1M$13.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$581K$552K$29K
Other salaries and wagesLn 7$19.8M$18.8M$991K
Pension plan contributionsLn 8$172K$163K$9K
Other employee benefitsLn 9$2.3M$2.2M$116K
Payroll taxesLn 10$1.5M$1.4M$74K
Legal feesLn 11b$21K$20K$1K
Accounting feesLn 11c$81K$81K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$5.4M$5.4M$21K
Advertising and promotionLn 12$78K$74K$4K
Office expensesLn 13$1.1M$1.0M$54K
Information technologyLn 14$755K$717K$38K
OccupancyLn 16$1.3M$1.3M$67K
TravelLn 17$31K$29K$2K
Conferences, conventions and meetingsLn 19$13K$13K$671
InterestLn 20$1.3M$1.2M$66K
Depreciation, depletion and amortizationLn 22$3.1M$2.9M$154K
InsuranceLn 23$278K$264K$14K
Other expenses (24a–d)Ln 24$2.8M$2.8M$16K
All other expensesLn 24e$287K$272K$14K
Total functional expensesLn 25$41.0M$39.2M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$0$0$0 990 PDF
FY2022 $37.4M$42.8M−$5.3M$7.7M 990 PDF
FY2021 Viewing $45.0M$41.0M$4.0M$13.3M 990 PDF
FY2020 $37.7M$40.8M−$3.2M$9.1M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $44,991,935 across 7 lines filed
Lines not itemized here account for $86,008 of total revenue; see the IRS return.
VIII-1d Related organizations$97,464
VIII-1e Government grants$13,491,402
VIII-1h Total contributions, gifts and grants$13,588,866
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,626,468 · Unrelated business $571,812$31,198,280
VIII-3 Investment incomeExcluded from tax $54,426$54,426
VIII-7 Net gain or loss on sales of assetsExcluded from tax $64,355$64,355
VIII-12 Total revenueRelated to mission $30,626,468 · Unrelated business $571,812 · Excluded from tax $204,789$44,991,935
Part IX · Statement of functional expenses $40,958,342 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $552,153 · Management $29,061$581,214
IX-7 Other salaries and wagesPrograms $18,836,134 · Management $991,376$19,827,510
IX-8 Pension plan contributionsPrograms $163,315 · Management $8,595$171,910
IX-9 Other employee benefitsPrograms $2,212,242 · Management $116,434$2,328,676
IX-10 Payroll taxesPrograms $1,399,912 · Management $73,680$1,473,592
IX-11b Legal feesPrograms $19,541 · Management $1,028$20,569
IX-11c Accounting feesManagement $80,891$80,891
IX-11f Investment management feesManagement $5,296$5,296
IX-11g Other fees for servicesPrograms $5,414,138 · Management $20,865$5,435,003
IX-12 Advertising and promotionPrograms $74,212 · Management $3,906$78,118
IX-13 Office expensesPrograms $1,023,130 · Management $53,849$1,076,979
IX-14 Information technologyPrograms $717,089 · Management $37,742$754,831
IX-16 OccupancyPrograms $1,268,054 · Management $66,740$1,334,794
IX-17 TravelPrograms $29,325 · Management $1,543$30,868
IX-19 Conferences, conventions and meetingsPrograms $12,754 · Management $671$13,425
IX-20 InterestPrograms $1,245,570 · Management $65,556$1,311,126
IX-22 Depreciation, depletion and amortizationPrograms $2,918,797 · Management $153,621$3,072,418
IX-23 InsurancePrograms $263,975 · Management $13,893$277,868
IX-24 Other expenses (24a–d)Programs $2,780,560 · Management $16,124$2,796,684
IX-24e All other expensesPrograms $272,241 · Management $14,329$286,570
IX-25 Total functional expensesPrograms $39,203,142 · Management $1,755,200 · Fundraising $0$40,958,342
Part X · Balance sheet $52,204,913 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $6,939,058$6,306,255
X-2 Savings and temporary cash investmentsStart of year $529,602$502,436
X-4 Accounts receivableStart of year $4,594,664$3,473,601
X-8 Inventories for sale or useStart of year $76,215$82,196
X-9 Prepaid expenses and deferred chargesStart of year $695,432$1,062,234
X-10c Land, buildings and equipment, netStart of year $36,489,626$35,219,540
X-11 Publicly traded securitiesStart of year $878,675$1,147,243
X-12 Other securitiesStart of year $2,923,889$1,887,288
X-15 Other assetsStart of year $32,820$2,524,120
X-16 Total assetsStart of year $53,159,981$52,204,913
X-17 Accounts payable and accrued expensesStart of year $4,000,259$4,751,007
X-20 Tax-exempt bond liabilitiesStart of year $35,172,700$33,774,775
X-25 Other liabilitiesStart of year $4,843,406$333,897
X-26 Total liabilitiesStart of year $44,016,365$38,859,679
X-27 Net assets without donor restrictionsStart of year $9,143,616$13,345,234
X-32 Total net assets or fund balancesStart of year $9,143,616$13,345,234
X-33 Total liabilities and net assetsStart of year $53,159,981$52,204,913
Part XI · Reconciliation of net assets $13,345,234 net assets at year end
XI-1 Total revenue$44,991,935
XI-2 Total expenses$40,958,342
XI-3 Revenue less expenses$4,033,593
XI-4 Net assets at start of year$9,143,616
XI-5 Net unrealized gains (losses) on investments$168,025
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,345,234

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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