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Nonprofit · EIN 02-0663908

SKAALEN VILLAGE INC

Tax-exempt · STOUGHTON, WI 53589

Financials

$550K$870K2023$560K$943K2024
Revenue Expenses · by fiscal year end
Financials of SKAALEN VILLAGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$559,814$943,268-$383,454$6,991,979$12,145,974-$5,153,995
December 31, 2023990$550,095$869,888-$319,793$6,885,775$11,656,316-$4,770,541
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$532,259
Investment income
$27,555
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$8,100
Depreciation
$362,666
Program services (functional)
$850,468
Management and general (functional)
$92,800

Balance sheet and other

Total assets, start of year
$6,885,775
Total assets, end of year
$6,991,979
Total liabilities, end of year
$12,145,974
Net assets, end of year
-$5,153,995
Land, buildings and equipment
$6,364,102
Net assets without donor restrictions
-$5,153,995
Gross receipts
$559,814
Employees
0
Year formed
2003
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KRIS KRENTZPRESIDENT/CE
Officer
40$0$224,369$68,455
BILL HASZCHAIR
Trustee or director
1$0$0$0
REBECCA KLONGLANDVICE CHAIR
Trustee or director
1$0$0$0
MARSHA BORLINGSEC/TREAS
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KRIS KRENTZPRESIDENT/CE
Officer
–$0$196,750$52,255
BILL HASZCHAIR
Trustee or director
1$0$0$0
REBECCA KLONGLANDSEC/TREAS
Trustee or director
1$0$0$0
MARSHA BORLINGVICE CHAIR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
400 N MORRIS ST, STOUGHTON, WI 53589-1857
In care of
% MARK BENSON
Principal officer (990 for 2024)
KRIS KRENTZ
Signed the 990
KRIS KRENTZ, PRESIDENT/CEO
Phone
(608) 873-5651
Return prepared by
JT AND ASSOCIATES LLC

Mission

TO PROVIDE AFFORDABLE RETIREMENT HOUSING FOR SENIORS AGE 62 AND OLDER.

990 for the year ended December 31, 2024

Program accomplishments

  • SKAALEN VILLAGE OWNS 57 AFFORDABLE SINGLE-STORY CONDOMINIUM UNITS FOR INDEPENDENT ADULTS THAT ARE 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.
    Expenses $850,468 · revenue $531,079

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
02-0663908
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Exempt since
1988
Accounting year ends
December
Files
Not required (church)
Assets (IRS master file)
$6,991,979
Income (IRS master file)
$559,814

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$559,814$943,268$6,991,979XML
990December 2023$550,095$869,888$6,885,775XML
990December 2022$483,235$868,793$7,550,349IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0663908).

Questions about SKAALEN VILLAGE INC

What is the EIN of SKAALEN VILLAGE INC?
The employer identification number (EIN) of SKAALEN VILLAGE INC is 02-0663908.
Is SKAALEN VILLAGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Which annual return does SKAALEN VILLAGE INC file?
Form Not required (church). Churches are not required to file.
When is the next return of SKAALEN VILLAGE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SKAALEN VILLAGE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SKAALEN VILLAGE INC?
The 990 for the year ended December 31, 2024 names KRIS KRENTZ.
Who are the officers and directors of SKAALEN VILLAGE INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does SKAALEN VILLAGE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $559,814, expenses of $943,268 and total assets of $6,991,979 at year end.

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