Handicapped Housing Of Spring Grove Inc is located in La Crescent, MN. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Handicapped Housing Of Spring Grove Inc 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, Handicapped Housing Of Spring Grove Inc generated $144.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $122.1k during the year ending 12/2021. 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 OWN AND OPERATE A 16 UNIT APARTMENT BUILDING FOR LOW-INCOME HANDICAPPED INDIVIDUALS THAT IS SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE A 16 UNIT APARTMENT BUILDING FOR LOW- INCOME HANDICAPPED INDIVIDUALS.
TO OWN AND OPERATE A 16 UNIT APARTMENT BUILDING FOR LOW- INCOME HANDICAPPED INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marge Brevig Treasuer | OfficerTrustee | $0 | |
Jan Doely Vice Preside | OfficerTrustee | $0 | |
Jim Wilhelmson Secretary | OfficerTrustee | $0 | |
Dean Wiste President | OfficerTrustee | $0 | |
David Heyer Management A | Officer | $0 | |
Elaine Kjome Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $97,325 |
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 | $97,325 |
Total Program Service Revenue | $45,928 |
Investment income | $39 |
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 | $144,303 |
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 | $14,145 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $8,964 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,545 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,196 |
Office expenses | $3,812 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,261 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $13,451 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,401 |
Insurance | $6,935 |
All other expenses | $1,039 |
Total functional expenses | $122,060 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,546 |
Savings and temporary cash investments | $46,856 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,330 |
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 | $1,190 |
Net Land, buildings, and equipment | $180,440 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $241,362 |
Accounts payable and accrued expenses | $5,830 |
Grants payable | $0 |
Deferred revenue | $1,893 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $4,396 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $267,711 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,309 |
Total liabilities | $281,139 |
Net assets without donor restrictions | -$39,777 |
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 | $241,362 |
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Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
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 |
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