Mill Pond Gables Senior Living LLC

Analysis

Mill Pond Gables Senior Living LLC is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mill Pond Gables Senior Living LLC reported income of $841k and spending of $740k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $648k to $841k (+30%), an average of +6.8% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mill Pond Gables Senior Living LLC sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Riviera Beach Community Development Corporation Inc ($841k), Elite Choice Properties Inc ($842k) and Freedom House Ministries Inc ($841k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $4.2m against liabilities of $4.1m, net assets of $90k. It reported 2 employees.