Preston Manor Inc in Lowden, Iowa (IA)
Table of contents:
| Preston Manor Inc | |
| Employer Identification Number (EIN) | 421051839 |
| Name of Organization | Preston Manor Inc |
| In Care of Name | Mike Bormann |
| Address | PO BOX 100, Lowden, IA 52255-0100 |
| Activities | Care and housing for the aged (see also 382), Housing for the aged (see also 153) |
| Subsection | Social Welfare Organization |
| Ruling Date | 08/1976 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $406,537 |
| Amount of Income | $85,689 |
| Form 990 Revenue Amount | $85,689 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Senior Continuing Care Communities |
Non-representatives - add comments:
Amount of income in 2014: $85,689 (it was $85,460 in 2013)
| Preston Manor Inc: | $85,689 |
| Other organizations performing similar types of work: | $858,789 |
Assets in 2014: $406,537 (it was $413,226 in 2013)
| This organization: | $406,537 |
| Other organizations performing similar types of work: | $1,625,435 |
Expenses in 2013: $88,583
| This organization: | $88,583 |
| Other organizations performing similar types of work: | $886,304 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 21.1% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total revenue | $73,337 | $73,890 | $74,030 | $88,249 | $85,460 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $73,315 | $73,878 | $74,024 | $11,709 | $11,932 |
| Membership dues and assessments | $0 | $0 | $6 | $0 | $0 |
| Investment income | $22 | $12 | $0 | $49,197 | $47,224 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $27,343 | $26,304 |
| Total expenses | $71,920 | $66,620 | $76,107 | $90,275 | $88,583 |
| Total net assets | $31,703 | $38,973 | $36,896 | $30,513 | $21,674 |
| Excess/Deficit for the year | $1,417 | $7,270 | $-2,077 | $-2,026 | $-3,123 |
| Net assets or fund balances at beginning of year | $30,286 | $31,703 | $38,973 | $36,896 | $30,513 |
| Other changes in net assets or fund balances | $0 | $0 | $0 | $-4,357 | $-5,716 |
| Net assets or fund balances at end of year | $30,513 | $21,674 | |||
| Balance Sheets | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Total assets | $447,308 | $448,761 | $441,126 | $428,280 | $413,226 |
| Total liabilities | $415,605 | $409,788 | $404,230 | $397,767 | $391,552 |
| Net assets or fund balances | $31,703 | $38,973 | $36,896 | $30,513 | $21,674 |
| Other Information | |||||
| 2009 | 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |||
| Were any significant changes made to the organizing or governing documents? | No | No | |||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |||
| Amount of political expenditures, direct or indirect | $0 | $0 | |||
| Did the organization file Form 1120-POL for this year? | No | No | |||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |||
| Total amount involved | $0 | $0 | |||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Stanley Total Living Center Inc | PO BOX 489, Stanley, NC 28164-0489 | NC | 1985-06 | $16,773,739 |
| 2 | Swiss Village Inc, D L Martin | 1350 West Main Street, Berne, IN 46711-1741 | IN | 1966-01 | $12,970,631 |
| 3 | Springpoint Senior Living Inc | 4814 Outlook Dr Ste 201, Wall Township, NJ 07753-6812 | NJ | 1997-01 | $12,753,817 |
| 4 | Richfield Retirement Community | PO BOX 3240, Salem, VA 24153-0647 | VA | 1977-09 | $11,692,058 |
| 5 | Eastern Star Masonic Home | 715 W Mamie Eisenhower Ave, Boone, IA 50036-3930 | IA | 1990-08 | $10,855,903 |
| 6 | Villa Rosa Nursing Home | 3800 Lottsford Vista Rd, Mitchellville, MD 20721-4018 | MD | 1946-03 | $10,599,586 |
| 7 | United Helpers Canton Nursing Home | 205 State Street Rd, Canton, NY 13617-3302 | NY | 1982-01 | $10,192,241 |
| 8 | Westminster Shores Inc | 80 W Lucerne Cir, Orlando, FL 32801-3779 | FL | 1956-06 | $8,598,383 |
| 9 | Rose Villa Inc | 13505 Se River Rd, Portland, OR 97222-8038 | OR | 1964-01 | $7,956,768 |
| 10 | Woodhaven Of Livonia | 29667 Wentworth St, Livonia, MI 48154-6231 | MI | 1986-05 | $7,448,328 |
| 11 | Jewish Home Aging Services Inc | 15000 W Ten Mile Road, Oak Park, MI 48237 | MI | 1987-03 | $7,390,664 |
| 12 | Hubbard Care Center Inc | 403 S State St, Hubbard, IA 50122-9501 | IA | 1994-03 | $4,244,502 |
| 13 | Kingston Hill | 1860 County Home Rd, Marion, IA 52302-9753 | IA | 1994-12 | $1,245,180 |
| 14 | Masonic Village Inc | 2500 Grant Street, Bettendorf, IA 52722-5092 | IA | 1988-02 | $866,155 |
| 15 | Diamond Life Health Care Inc | PO BOX 820, Montezuma, IA 50171-0820 | IA | 1992-07 | $859,238 |
| 16 | Peace Haven Association | 900 Antique City Dr, Walnut, IA 51577-3040 | IA | 1959-12 | $626,076 |
| 17 | Preston Manor Inc | PO BOX 100, Lowden, IA 52255-0100 | IA | 1976-08 | $85,689 |
| 18 | Friendship Village Foundation | 600 Park Lane, Waterloo, IA 50702-5200 | IA | 1987-03 | $79,419 |
| 19 | Stonehaven Of Ames Inc | 421 Stonehaven Drive, Ames, IA 50010-7000 | IA | 1951-05 | $71,514 |
| 20 | Vera French Commons Inc | 211 E 37th St, Davenport, IA 52806-6004 | IA | 1998-03 | $49,507 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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