Providing senior living in a 122-unit continuing care retirement community in minneapolis, MN.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 8 volunteers and 820 employees.
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
4 of 5
filings with a surplus
Average surplus $478K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$573K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $3.6M in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$23.3M
119% of total assets
Concern: liabilities are 119% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+10% vs prior year
Spent
$4.5M
To programs
75%
Net assets
−$3.7M
By yearFY2020–FY2024
Revenue
$5.6M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$4.7M
FY2022$4.2M
FY2023$5.1M
FY2024$5.6M
Expenses
$4.5M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$4.4M
FY2022$4.2M
FY2023$4.4M
FY2024$4.5M
Net assets
−$3.7M
FY2024▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020−$6.2M
FY2021−$5.6M
FY2022−$6.0M
FY2023−$5.0M
FY2024−$3.7M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1998.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.3M Management & general 25% · $1.1M

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

25 people listed on the 990; $573K paid to officers and key staff.

Part VII, Section A · reportable compensation
Lead Resident Asst
$130,426Pt VII · Sec A
Director of Health Service
$116,819Pt VII · Sec A
Executive Director
$110,827Pt VII · Sec A
$108,360Pt VII · Sec A
Executive Director
$107,067Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023
Navindra Bhola$130,426—
Ernest Bishop$116,819$120,433
Catherine Pries$110,827—
Meri Forster$108,360—
Amanda Pitsenbarger$107,067—
Catherin J Gala—$105,002
Jaclyn Duren—$103,003

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers senior living in a continuing care retirement community.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2024
01

Walker Residence, Inc. d/b/a Walker Methodist Place, accomplishes its exempt purpose by providing senior living with services as a 121-unit continuing care retirement community in Minneapolis, Minnesota.

$3.3Mprogram 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
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$88K
Other incomeLn 4–11$13K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.3M
Managementcol C$1.1M
Owns and owesPt X
−$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$19.7M
LiabilitiesLn 26$23.3M
PeoplePt VI, VII
25
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.5M
Investment incomeLn 3$88K
Other incomeLn 4–11$13K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$3.6M
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$11.1M
Total assetsLn 16$19.7M
LiabilitiesLn 26$23.3M
Net assetsLn 32−$3.7M
OperationsPt I, VI
EmployeesI 5820
VolunteersI 68
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$44K$1.3M
InvestmentsLn 11–13$3.3M$3.6M
Land, buildings, equipmentLn 10c$3.6M$3.3M
Total assetsLn 16$12.3M$19.7M
LiabilitiesLn 26$17.3M$23.3M
Net assetsLn 32−$5.0M−$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.0M$1.7M$371K
Pension plan contributionsLn 8$26K$21K$5K
Other employee benefitsLn 9$137K$112K$25K
Payroll taxesLn 10$155K$127K$28K
Management feesLn 11a$274K$274K
Legal feesLn 11b$5K$5K
Other fees for servicesLn 11g$142K$124K$19K
Advertising and promotionLn 12$93K$93K
Office expensesLn 13$194K$110K$84K
Information technologyLn 14$12K$12K
OccupancyLn 16$451K$451K
TravelLn 17$988$988
Conferences, conventions and meetingsLn 19$13K$35$13K
InterestLn 20$48K$48K
Depreciation, depletion and amortizationLn 22$686K$686K
InsuranceLn 23$147K$147K
Other expenses (24a–d)Ln 24$61K$7K$55K
All other expensesLn 24e$14K$4K$10K
Total functional expensesLn 25$4.5M$3.3M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.6M$4.5M$1.1M−$3.7M 990 PDF
FY2023 $5.1M$4.4M$641K−$5.0M 990 PDF
FY2022 $4.2M$4.2M−$24K−$6.0M 990 PDF
FY2021 $4.7M$4.4M$272K−$5.6M 990 PDF
FY2020 $4.7M$4.3M$410K−$6.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,573,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,689$0
I-9 Program service revenuePrior year $4,596,032$5,471,850
I-10 Investment incomePrior year $141,225$88,207
I-11 Other revenuePrior year $309,191$13,142
I-12 Total revenuePrior year $5,076,137$5,573,199
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,965,330$2,340,209
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,470,000$2,141,833
I-18 Total expensesPrior year $4,435,330$4,482,042
I-19 Revenue less expensesPrior year $640,807$1,091,157
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,573,199 across 4 lines filed
Lines not itemized here account for $310,858 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,160,992$5,160,992
VIII-3 Investment incomeExcluded from tax $88,207$88,207
VIII-6 Net rental income or lossExcluded from tax $13,142$13,142
VIII-12 Total revenueRelated to mission $5,471,850 · Unrelated business $0 · Excluded from tax $101,349$5,573,199
Part IX · Statement of functional expenses $4,482,042 across 18 lines filed
IX-7 Other salaries and wagesPrograms $1,651,511 · Management $370,505$2,022,016
IX-8 Pension plan contributionsPrograms $21,032 · Management $4,718$25,750
IX-9 Other employee benefitsPrograms $111,938 · Management $25,112$137,050
IX-10 Payroll taxesPrograms $126,919 · Management $28,474$155,393
IX-11a Management feesManagement $274,276$274,276
IX-11b Legal feesManagement $4,700$4,700
IX-11g Other fees for servicesPrograms $123,567 · Management $18,876$142,443
IX-12 Advertising and promotionManagement $93,152$93,152
IX-13 Office expensesPrograms $110,311 · Management $83,808$194,119
IX-14 Information technologyManagement $11,828$11,828
IX-16 OccupancyPrograms $451,340$451,340
IX-17 TravelManagement $988$988
IX-19 Conferences, conventions and meetingsPrograms $35 · Management $12,950$12,985
IX-20 InterestPrograms $48,286$48,286
IX-22 Depreciation, depletion and amortizationPrograms $685,982$685,982
IX-23 InsuranceManagement $146,881$146,881
IX-24 Other expenses (24a–d)Programs $6,598 · Management $54,751$61,349
IX-24e All other expensesPrograms $3,982 · Management $9,522$13,504
IX-25 Total functional expensesPrograms $3,341,501 · Management $1,140,541 · Fundraising $0$4,482,042
Part X · Balance sheet $19,665,700 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $43,700$1,309,254
X-4 Accounts receivableStart of year $107,342$234,387
X-9 Prepaid expenses and deferred chargesStart of year $22,815$111,004
X-10c Land, buildings and equipment, netStart of year $3,591,268$3,289,796
X-11 Publicly traded securitiesStart of year $3,315,695$3,642,152
X-15 Other assetsStart of year $5,064,581$11,079,107
X-16 Total assetsStart of year $12,254,170$19,665,700
X-17 Accounts payable and accrued expensesStart of year $1,013,132$319,070
X-19 Deferred revenueStart of year $581,845$550,876
X-25 Other liabilitiesStart of year $14,691,888$21,674,100
X-26 Total liabilitiesStart of year $17,265,311$23,328,206
X-27 Net assets without donor restrictionsStart of year −$5,298,750−$3,956,752
X-28 Net assets with donor restrictionsStart of year $287,609$294,246
X-32 Total net assets or fund balancesStart of year −$5,011,141−$3,662,506
X-33 Total liabilities and net assetsStart of year $12,254,170$19,665,700
Part XI · Reconciliation of net assets −$3,662,506 net assets at year end
XI-1 Total revenue$5,573,199
XI-2 Total expenses$4,482,042
XI-3 Revenue less expenses$1,091,157
XI-4 Net assets at start of year−$5,011,141
XI-5 Net unrealized gains (losses) on investments$250,841
XI-9 Other changes in net assets$6,637
XI-10 Net assets at end of year−$3,662,506

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

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