Skaalendal Incorporated FY2020 filing

Tax-deductible

Stoughton, WI501(c)(3)EIN 39-1840749Revenue $813K in FY2020

On file with the IRS400 N Morris St, 53589-1857 · Stoughton, WITax-exempt since Apr 1987Church — 170(b)(1)(A)(i)

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To provide affordable retirement housing for seniors age 62 and older.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $199K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
84 mo
of spending, in cash
Looks good: 84.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.7M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$813K
Spent
$575K
To programs
90%
Net assets
$917K
By yearFY2020–FY2024
Revenue
$813K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$813K
FY2021$998K
FY2022$155K
FY2023$1.1M
FY2024$897K
Expenses
$575K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$575K
FY2021$566K
FY2022$634K
FY2023$569K
FY2024$604K
Net assets
$917K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$917K
FY2021$1.3M
FY2022$870K
FY2023$1.4M
FY2024$1.7M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1987.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $519K Management & general 10% · $57K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
President/Ce
$0Pt VII · Sec A
See Skaalendal Incorporated 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

Offers affordable housing for seniors aged 62 and older.

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Provided by the organization

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1 program · $519K · in their own filed words · FY2020
01

Skaalendal, inc. Owns 50 affordable single-story condominiums for independent adults age 62 and older. Each two-bedroom condominium offers carefree living. They are maintenance free and include numerous ancillary and support services to help create a secure environment.

$519Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$813K
Ln 12
Investment incomeLn 3$425K
Fees for servicesLn 2g$388K
Money outPt IX
$575K
Ln 25
Programscol B$519K
Managementcol C$57K
Owns and owesPt X
$917K
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$8.6M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$388K
Investment incomeLn 3$425K
Total revenueLn 12$813K
Assets in detailPt X, end of year
CashLn 1$975K
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$4.0M
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$144K
Total assetsLn 16$8.6M
LiabilitiesLn 26$7.7M
Net assetsLn 32$917K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$3.4M$4.0M
Land, buildings, equipmentLn 10c$2.4M$2.3M
Total assetsLn 16$8.2M$8.6M
LiabilitiesLn 26$7.5M$7.7M
Net assetsLn 32$680K$917K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$8K$8K
Payments to affiliatesLn 21$30K$30K
Depreciation, depletion and amortizationLn 22$185K$185K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$252K$216K$36K
All other expensesLn 24e$75K$75K
Total functional expensesLn 25$575K$519K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $897K$604K$292K$1.7M 990 PDF
FY2023 $1.1M$569K$510K$1.4M 990 PDF
FY2022 $155K$634K−$479K$870K 990 PDF
FY2021 $998K$566K$432K$1.3M 990 PDF
FY2020 Viewing $813K$575K$237K$917K 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 FY2020 990 (6 parts)
Part I · Summary $812,668 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $392,846$387,515
I-10 Investment incomePrior year $554,920$425,153
I-11 Other revenue$0
I-12 Total revenuePrior year $947,766$812,668
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $564,109$575,399
I-18 Total expensesPrior year $564,109$575,399
I-19 Revenue less expensesPrior year $383,657$237,269
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $812,668 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $387,515$387,515
VIII-3 Investment incomeRelated to mission $425,153$425,153
VIII-12 Total revenueRelated to mission $812,668$812,668
Part IX · Statement of functional expenses $575,399 across 8 lines filed
IX-11c Accounting feesManagement $13,214$13,214
IX-12 Advertising and promotionPrograms $4,007$4,007
IX-13 Office expensesManagement $7,848$7,848
IX-21 Payments to affiliatesPrograms $30,000$30,000
IX-22 Depreciation, depletion and amortizationPrograms $185,134$185,134
IX-23 InsurancePrograms $8,722$8,722
IX-24 Other expenses (24a–d)Programs $216,152 · Management $35,592$251,744
IX-24e All other expensesPrograms $74,730$74,730
IX-25 Total functional expensesPrograms $518,745 · Management $56,654 · Fundraising $0$575,399
Part X · Balance sheet $8,643,319 assets, 14 lines filed
Asset lines not itemized here account for $2,157,042; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $665,953$975,155
X-2 Savings and temporary cash investmentsStart of year $2,739,291$3,055,201
X-4 Accounts receivableStart of year $2,028$5,922
X-9 Prepaid expenses and deferred chargesStart of year $9,201$9,291
X-10c Land, buildings and equipment, netStart of year $2,359,536$2,296,970
X-15 Other assetsStart of year $142,276$143,738
X-16 Total assetsStart of year $8,225,327$8,643,319
X-17 Accounts payable and accrued expensesStart of year $125,728$106,482
X-24 Unsecured notes and loans payable$23,200
X-25 Other liabilitiesStart of year $7,420,046$7,596,815
X-26 Total liabilitiesStart of year $7,545,774$7,726,497
X-27 Net assets without donor restrictionsStart of year $679,553$916,822
X-32 Total net assets or fund balancesStart of year $679,553$916,822
X-33 Total liabilities and net assetsStart of year $8,225,327$8,643,319
Part XI · Reconciliation of net assets $916,822 net assets at year end
XI-1 Total revenue$812,668
XI-2 Total expenses$575,399
XI-3 Revenue less expenses$237,269
XI-4 Net assets at start of year$679,553
XI-10 Net assets at end of year$916,822

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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