Rcil Southeastern Minnesota Barrier Free Housing Corporation
- Assets
- $1.7m
- Revenue
- $296.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wabasha, MN
- Founding
- 11/1987
- Data as of
- 09/2022
- EIN
- 36-3536031
Organization Overview
Rcil Southeastern Minnesota Barrier Free Housing Corporation, operating under the name Cooperidge & Wapasa Apartments, is located in Wabasha, MN. The organization was established in 1987. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperidge & Wapasa Apartments is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Cooperidge & Wapasa Apartments generated $296.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $314.4k during the year ending 09/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES 2 APARTMENTS BUILDINGS THAT ARE DESIGNED TO PROVIDE HANDICAPPED INDIVIDUALS WITH ACCESSIBLE HOUSING AND OTHER SERVICES THAT ACCOMODATE THEIR PARTICULAR NEEDS TO INDEPENDENT LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED APARTMENT BUILDINGS PROVIDING HOUSING AND OTHER SERVICES TO LOW-INCOME AND HANDICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Key Vice President | OfficerTrustee | 1 | $0 |
Karl Sonneman President | OfficerTrustee | 1 | $0 |
Tammy Fieldler Treasurer | OfficerTrustee | 1 | $0 |
Bobbi Willers Executive Director | Officer | 2 | $0 |
Diane Larocque Secretary | Officer | 1 | $0 |
Laura Mielke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $293,012 |
| Investment income | $398 |
| 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 | $296,364 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,935 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,640 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,661 |
| Insurance | $17,452 |
| All other expenses | $3,080 |
| Total functional expenses | $314,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,641 |
| Savings and temporary cash investments | $313,786 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,402 |
| 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 | $4,499 |
| Net Land, buildings, and equipment | $1,263,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $72,658 |
| Other assets | $0 |
| Total assets | $1,665,060 |
| Accounts payable and accrued expenses | $3,669 |
| Grants payable | $0 |
| Deferred revenue | $51 |
| Tax-exempt bond liabilities | $1,784,700 |
| Escrow or custodial account liability | $8,714 |
| 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 | $3,167 |
| Total liabilities | $1,800,301 |
| Net assets without donor restrictions | -$135,241 |
| 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 | $1,665,060 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rehabilitation House Inc Neenah, WI | $624,461 | $577,085 |
Nhhi-St Paul Barrier Free Housing Corporation New Brighton, MN | $701,285 | $410,085 |
Rcil Southeastern Minnesota Barrier Free Housing Corporation Wabasha, MN | $1,665,060 | $296,364 |
Bhw Residential Services Iii Inc Rapid City, SD | $609,206 | $190,253 |
Bhw Resiential Services Ii Inc Rapid City, SD | $508,479 | $246,647 |
Asi Brainerd Inc St Paul, MN | $788,344 | $190,767 |
Journey 21 Inc Waukesha, WI | $3,609,600 | $3,790,106 |
Rock Valley Residential Housing Inc Rock Valley, IA | $348,901 | $202,294 |
Post College Connections Inc Mcfarland, WI | $296,601 | $0 |
Community Homes Of Bismarck Ii Bismarck, ND | $880,957 | $47,064 |
Burger King Long-Term Disability Plan Milwaukee, WI | $76,356 | $0 |