Morton County Housing Corporation
- Assets
- $2.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Mandan, ND
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 36-3669001
Organization Overview
Morton County Housing Corporation is located in Mandan, ND. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Morton County Housing Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morton County Housing Corporation 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 12/2021, Morton County Housing Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $960.3k during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING FOR MODERATE AND LOW-INCOME INDIVIDUALS. IN 2021, THE ORGANIZATION HAD 178 UNITS THAT PROVIDED HOUSING TO INDIVIDUALS WHO ARE 55 YEARS OF AGE AND OLDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Carrick Board Chair | OfficerTrustee | 1 | $0 |
Rick Horn Managing Agent | Officer | 20 | $0 |
Stacy Kramer Managing Agent | Officer | 20 | $0 |
Ashley Kelsch Director | Trustee | 1 | $0 |
Shirley Beechie Director | Trustee | 1 | $0 |
Stan Scott 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 | $1,095,747 |
| Investment income | $936 |
| 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 | $1,101,845 |
| 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 | $182,455 |
| Pension plan accruals and contributions | $3,867 |
| Other employee benefits | $0 |
| Payroll taxes | $13,958 |
| Fees for services: Management | $109,693 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,610 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,724 |
| Insurance | $51,982 |
| All other expenses | $0 |
| Total functional expenses | $960,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,822 |
| Savings and temporary cash investments | $200,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,748 |
| 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 | $2,025,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,531 |
| Total assets | $2,938,507 |
| Accounts payable and accrued expenses | $50,972 |
| 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 | $50,972 |
| Net assets without donor restrictions | $2,887,535 |
| 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 | $2,938,507 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Habitat For Humanity International Inc Helena, MT | $3,811,576 | $3,802,213 |
American Indian Community Housing Organization Duluth, MN | $7,296,736 | $3,254,073 |
World Learner School Of Chaska Chaska, MN | $2,061,201 | $2,337,089 |
Mano A Mano International Partners St Paul, MN | $4,322,951 | $3,022,158 |
Habitat For Humanity International Inc Billings, MT | $5,334,368 | $2,087,483 |
Matrix Housing Services Minneapolis, MN | $403,720 | $1,901,879 |
Neighborhood Housing Services Inc Of Great Falls Great Falls, MT | $21,066,500 | $2,909,802 |
Minnesota Waste Wise Foundation St Paul, MN | $2,409,302 | $2,247,790 |
Communityworks North Dakota Mandan, ND | $15,119,919 | $2,854,575 |
Habitat For Humanity International Inc Moorhead, MN | $4,190,882 | $1,798,676 |