New London Housing Inc
- Assets
- $282.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New London, MN
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 41-0990479
Organization Overview
New London Housing Inc is located in New London, MN. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New London 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 12/2023, New London Housing Inc generated $157.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $157.3k during the year ending 12/2023. While expenses have increased by 1.8% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED RENTAL AND RENTAL ASSISTANCE FOR ELDERLY, HANDICAPPED AND LOW INCOME PERSONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bergman Member | 0 | $0 | |
Melissa Radel Secretary | 0 | $0 | |
Kelly Baeth President | 0 | $0 | |
Barb Gjerde Member | 0 | $0 | |
Cole Leiser Vice Preside | 0 | $0 | |
Greg Kelly Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $157,107 |
| Membership dues | $0 |
| Investment income | $685 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $157,792 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $619 |
| Occupancy, rent, utilities, and maintenance | $7,265 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $149,418 |
| Total expenses | $157,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,094 |
| Other assets | $0 |
| Total assets | $282,531 |
| Total liabilities | $96,730 |
| Net assets or fund balances | $185,801 |