Elliot Park Neighborhood Inc
- Assets
- $277.2k
- Revenue
- $155.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 41-1281612
Organization Overview
Elliot Park Neighborhood Inc is located in Minneapolis, MN. The organization was established in 1978. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Elliot Park Neighborhood Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elliot Park Neighborhood 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 12/2022, Elliot Park Neighborhood Inc generated $155.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $149.3k during the year ending 12/2022. While expenses have increased by 1.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING COMMUNITY VITALITY BY CONNECTING AND EMPOWERING NEIGHBORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-HOSTED A MOBILE FOOD MARKET, DELIVERED FREE FOOD TO RESIDENTS, DEVELOPED A COMMUNITY VISION, HOSTED TWO LITTER CLEAN-UPS, CONNECTED RESIDENTS FACING EVICTION WITH LEGAL RESOURCES, HOSTED A COVID-19 VACCINE CLINIC, HOSTED A BIPOC HEALING CIRCLE, CONVENED THE COMMUNITY FOR MEETINGS ON MANY DIFFERENT TOPICS, HIRED SAFETY PATROLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Smith Vice Chair | OfficerTrustee | 2 | $0 |
Kim Forbes Board Chair | OfficerTrustee | 2 | $0 |
Glen Johnson Secretary | OfficerTrustee | 2 | $0 |
Chris Delaurentis Treasurer | OfficerTrustee | 1.25 | $0 |
Lutunji Abrams Board Member | Trustee | 1.25 | $0 |
Vachel Hudson Board Member | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,785 |
| Total Program Service Revenue | $1,585 |
| Investment income | $3 |
| 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 | $155,373 |
| 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 | $44,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,284 |
| Advertising and promotion | $0 |
| Office expenses | $138 |
| Information technology | $1,424 |
| Royalties | $0 |
| Occupancy | $4,515 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422 |
| Insurance | $2,296 |
| All other expenses | $2,913 |
| Total functional expenses | $149,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,740 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $277,217 |
| Accounts payable and accrued expenses | $24,940 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,940 |
| Net assets without donor restrictions | $237,957 |
| Net assets with donor restrictions | $14,320 |
| 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 | $277,217 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elliot Park Neighborhood Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For Affordable Housing Solutions Inc North Bethesda, MD PURPOSE: REINVESTING IN THE COMMUNITY THROUGH RENOVATION OF EXISTING HOUSING AND INVESTMENT IN NEW HOUSING. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |