Minneota Housing Corporation
- Assets
- $190.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canby, MN
- Founding
- 07/1974
- Data as of
- 12/2023
- 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 12/2023, Minneota Housing Corporation generated $135.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $133.1k during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
Kevin Anundson Director-Secretary | 0 | $0 | |
Bill Ufkin Director | 0 | $0 | |
Eric Bot Chairman Of Board | 0 | $0 | |
Nancy Bormann Manager | 12 | $18,970 | |
Bradley Minnehan Director | 0 | $0 | |
JD Pesch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $134,669 |
| Membership dues | $0 |
| Investment income | $530 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,199 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,200 |
| Professional fees and other payments to independent contractors | $21,235 |
| Occupancy, rent, utilities, and maintenance | $71,244 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,391 |
| Total expenses | $133,070 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,329 |
| Other assets | $0 |
| Total assets | $190,639 |
| Total liabilities | $21,997 |
| Net assets or fund balances | $168,642 |