Continental Homes Inc
- Assets
- $0.0
- Revenue
- $543.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 03/1972
- Data as of
- 11/2019
- EIN
- 23-7169311
Organization Overview
Continental Homes Inc is located in Grand Forks, ND. The organization was established in 1972. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. Continental Homes Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 11/2019, Continental Homes Inc generated $543.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $557.1k during the year ending 11/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. CONTINENTAL HOMES, INC. CEASED OPERATIONS AND WILL REPORT A TRANSFER OF PHYSICAL ASSETS IN FISCAL YEAR 2019. EFFECTIVE NOVEMBER 25, 2019, ALL OPERATIONS AS WELL AS ASSETS AND LIABILITIES OF THE PROJECT WERE TRANSFERRED TO GFH CONTINENTAL, LLC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINENTAL HOMES, INC. PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND. CONTINENTAL HOMES, INC. CEASED OPERATIONS AND WILL REPORT A TRANSFER OF PHYSICAL ASSETS IN FISCAL YEAR 2019. EFFECTIVE NOVEMBER 25, 2019, ALL OPERATIONS AS WELL AS ASSETS AND LIABILITIES OF THE PROJECT WERE TRANSFERRED TO GFH CONTINENTAL, LLC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elton Hendrickson President | OfficerTrustee | 1 | $0 |
Adele Laudal Treasurer | OfficerTrustee | 1 | $0 |
Jon Kotrba Vice President | OfficerTrustee | 1 | $0 |
Terry Hanson Secretary | OfficerTrustee | 1 | $0 |
Joani Kilber Director | Trustee | 1 | $0 |
Kristin Miller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,473 |
| Total Program Service Revenue | $213,570 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $543,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $42,808 |
| Fees for services: Legal | $12,780 |
| Fees for services: Accounting | $4,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20 |
| Office expenses | $3,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $222,852 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,936 |
| Insurance | $21,789 |
| All other expenses | $0 |
| Total functional expenses | $557,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Homeword Inc Missoula, MT | $58,657,401 | $14,897,886 |
Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
Community Action Region Vi Jamestown, ND | $1,501,649 | $3,945,545 |
Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
Beyond Shelter Inc Fargo, ND | $39,993,501 | $6,508,362 |
Sherwood Inn Apartments Inc Bozeman, MT | $1,230,670 | $3,391,183 |
Nicollet Meadows Housing Group Slayton, MN | $8,272,022 | $1,018,863 |
Prairie Tower Inc Billings, MT | $2,859,098 | $1,251,308 |
Albert Lea Trades & Labor Assembly Senior Housing Inc Albert Lea, MN | $2,039,488 | $1,180,337 |