Osseo Housing Inc
- Assets
- $301.0k
- Revenue
- $140.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Osseo, WI
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 39-1187696
Organization Overview
Osseo Housing Inc is located in Osseo, WI. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Osseo Housing Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osseo Housing 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 06/2022, Osseo Housing Inc generated $140.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $144.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
TO PROVIDE AFFORDABLE, SAFE AND SANITARY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE, SAFE AND SANITARY HOUSING FOR THE ELDERLY AND DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bagley Board Member | Trustee | $0 | |
Tia Gunderson Secretary | OfficerTrustee | $0 | |
Ken Jacobson President | OfficerTrustee | $0 | |
Jerilyn Mulcahy Treasurer | OfficerTrustee | $0 | |
Collete Olson Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,839 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $4,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,839 |
| Total Program Service Revenue | $129,346 |
| Investment income | $100 |
| 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 | $140,285 |
| 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 | $27,317 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,233 |
| 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 | $3,780 |
| Advertising and promotion | $120 |
| Office expenses | $2,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,377 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,073 |
| Insurance | $12,402 |
| All other expenses | $266 |
| Total functional expenses | $144,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,210 |
| 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 | $784 |
| Net Land, buildings, and equipment | $213,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,423 |
| Total assets | $300,982 |
| Accounts payable and accrued expenses | $11,238 |
| 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 | $437,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $998 |
| Total liabilities | $449,280 |
| Net assets without donor restrictions | -$148,298 |
| 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 | $300,982 |