ST THERESE OF DEEPHAVEN SENIOR LIVING

EIN: 461529192 501(c)(3) Religion

DEEPHAVEN, MN

Total Revenue
$5,371,224
Total Expenses
$5,487,138
Total Assets
$-4,223,048
Net Assets
$-4,223,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MN
Principal Officer
REVEREND LEONARD ANDRIE
Phone
9524734422
Tax Period
2023-07-01 to 2024-06-30

ST THERESE OF DEEPHAVEN SENIOR LIVING, founded in 2012, is a community nonprofit in the Religion sector that reported $5.4M in total revenue in fiscal year 2023.

Mission

SUPPORT, PROMOTE, AND ADMINISTER THE CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SOCIAL MINISTRY OF THE CHURCH OF SAINT THERESE OF DEEPHAVEN TO MEET THE NEEDS OF THE AGING POPULATION. THIS IS CONDUCTED BY OWNING, LEASING, OPERATING, AND CONDUCTING (DIRECTLY OR INDIRECTLY) THE ACTIVITIES AND FACILITIES FOR THE HEALTHCARE, HOUSING, EDUCATION, SOCIAL SERVICES, AND FINANCIAL SECURITY FOR THE AGED. THE CHURCH CONTRIBUTED VACANT LAND FOR THE DEVELOPMENT AND OPERATION OF THIS SENIOR HOUSING FACILITY TO BE OWNED AND OPERATED BY ST. THERESE SENIOR LIVING, LLC (DBA DEEPHAVEN WOODS SENIOR LIVING). THE ORGANIZATION OWNS 90% OF ST. THERESE SENIOR LIVING, LLC, WHICH DEVELOPED AND OPERATED THE SENIOR LIVING FACILITY ADJACENT TO THE CHURCH.

Program Service Accomplishments

Program 1
Expenses: $4,159,798 Revenue: $5,371,224

OPERATED A SENIOR LIVING FACILITY ADJACENT TO THE CHURCH TO MEET THE NEEDS OF THE AGING POPULATION IN THE COMMUNITY BY ADMINISTERING AND COORDINATING ACTIVITIES AND FACILITIES FOR HEALTHCARE...

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OPERATED A SENIOR LIVING FACILITY ADJACENT TO THE CHURCH TO MEET THE NEEDS OF THE AGING POPULATION IN THE COMMUNITY BY ADMINISTERING AND COORDINATING ACTIVITIES AND FACILITIES FOR HEALTHCARE, EDUCATION, SOCIAL SERVICES, AND FINANCIAL SECURITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,371,224
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,371,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,861,598
Fundraising Expenses $0
Program Expenses $4,159,798
Other Expenses $2,625,540
TOTAL EXPENSES $5,487,138

Year-over-Year Comparison

2023 2022 Change
Revenue $5,371,224 $5,114,071 +0.1%
Expenses $5,487,138 $5,274,339 +0.0%
Net Income $-115,914 $-160,268 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$42,532
Total Directors
7
$42,532
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FR LEONARD ANDRIE PRESIDENT/BOARD CHAIR 2.00
Officer Director
$0 $1,239 $42,532
DOUGLAS JANDRO VICE PRESIDENT (LEFT IN FY24) 1.00
Officer Director
$0 $0 $0
MARY JO MARTIN SECRETARY (LEFT IN FY24) 1.00
Officer Director
$0 $0 $0
RONALD WATSON BOARD MEMBER (LEFT IN FY24) 1.00
Director
$0 $0 $0
BOB JASPER VP/BOARD MEMBER 1.00
Director
$0 $0 $0
PADY REGNIER TREASURER/BOARD MEMBER 1.00
Director
$0 $0 $0
MARK KLOS BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $5,371,224 $5,487,138 $-4,223,048 $-115,914
2023 $5,114,071 $5,274,339 $-4,107,134 $-160,268
2022 $4,782,154 $4,892,487 $-3,946,866 $-110,333
2021 $4,377,391 $4,575,332 $-3,836,533 $-197,941
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