Minneota Housing Corporation
- Assets
- $205.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canby, MN
- Founding
- 07/1974
- Data as of
- 12/2022
- EIN
- 41-1232606
Organization Overview
Minneota Housing Corporation is located in Canby, MN. The organization was established in 1974. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Minneota Housing Corporation 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 12/2022, Minneota Housing Corporation generated $132.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $131.6k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW INCOME HOUSING TO TENANTS WHO QUALIFY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bormann Manager | 12 | $17,703 | |
Kevin Anundson Director-Secretary | 0 | $0 | |
Bill Ufkin Director | 0 | $0 | |
Bradley Minnehan Director | 0 | $0 | |
Eric Bot Chairman Of Board | 0 | $0 | |
JD Pesch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $132,493 |
| Membership dues | $0 |
| Investment income | $76 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,569 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,200 |
| Professional fees and other payments to independent contractors | $18,403 |
| Occupancy, rent, utilities, and maintenance | $71,671 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,283 |
| Total expenses | $131,557 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,983 |
| Other assets | $0 |
| Total assets | $205,654 |
| Total liabilities | $39,141 |
| Net assets or fund balances | $166,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home Belle Plaine, MN | $28,969,103 | $28,215,877 |
Martin Luther Home Corporation Dubuque, IA | $34,357,421 | $17,283,638 |
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
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Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
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