Mission
TO ACQUIRE,CONSTRUCT, PROVIDE AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITE TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS AS DETERMINED BY THE U.S. DEPARTMENT
Public Charity
GRAND MARAIS APARTMENTS INCORPORATED
Based in GRAND MARAIS, MN, GRAND MARAIS APARTMENTS INCORPORATED operates as a Public Charity. The organization reported $138K in revenue, $98K in expenses, $196K in total assets for fiscal year 2025.
EIN: 416168268
GRAND MARAIS, MN
Senior Citizens Housing & Retirement Communities
NTEE: L22
Latest filing: 2025
Total Revenue$138K
Total Expenses$98K
Total Assets$196K
Grant Records0
Filing Years2021–2025
Where $100 goes at Grand Marais Apartments Incorporated
How Grand Marais Apartments Incorporated divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
Provided 16 housing rental units in Grand Marais suited to the special needs and living requirements of eligible occupants
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
VICE CHAIR
David Carlson
TREASURER
Donna Lunke
CHAIR
Mary Petz
SECRETARY
Theresa Luther-Dolan
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $138K | $98K | $196K |
| 2024 | $134K | $142K | $154K |
| 2023 | $110K | $104K | $162K |
| 2022 | $93K | $89K | $161K |
| 2021 | $93K | $89K | $154K |
Between 2021 and 2025, reported annual revenue grew from $93K to $138K (+49%), with total assets most recently reported at $196K.
Interactive year-over-year charts and full filing details available with membership.