Elderly Housing Of West Union Inc is located in La Crescent, MN. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Elderly Housing Of West Union 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 06/2022, Elderly Housing Of West Union Inc generated $325.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $345.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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 HOUSING FOR THE LOW-INCOME ELDERLY POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE THREE APARTMENT BUILDINGS, A 19-UNIT, 12-UNIT, AND 24-UNIT, FOR LOW-INCOME ELDERLY TENANTS. TENANT RENTS ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bing Zillmer President | OfficerTrustee | 1 | $0 |
Patti Dockendorff Vice President | OfficerTrustee | 0.3 | $0 |
Maureen Jameson Sec/treas | OfficerTrustee | 0.3 | $0 |
Rachel Hanson Director | Trustee | 0.3 | $0 |
Julie Creery Director | Trustee | 0.3 | $0 |
Peter Ames Director | Trustee | 0.3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,625 |
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 | $7,625 |
Total Program Service Revenue | $308,162 |
Investment income | $19 |
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 | $325,586 |
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 | $22,668 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $70,048 |
Advertising and promotion | $1,742 |
Office expenses | $8,592 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $51,460 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $66,762 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $46,271 |
Insurance | $29,856 |
All other expenses | $37,333 |
Total functional expenses | $345,882 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $192 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,792 |
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 | $12,450 |
Net Land, buildings, and equipment | $696,075 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $102,954 |
Total assets | $814,463 |
Accounts payable and accrued expenses | $47,917 |
Grants payable | $0 |
Deferred revenue | $1,668 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $11,202 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,424,320 |
Unsecured mortgages and notes payable | $39,190 |
Other liabilities | $599 |
Total liabilities | $1,524,896 |
Net assets without donor restrictions | -$710,433 |
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 | $814,463 |
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