Buffalo Lake Area Housing Inc is located in Buffalo Lake, MN. The organization was established in 1980. 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. Buffalo Lake Area 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 12/2022, Buffalo Lake Area Housing Inc generated $51.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2022. 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
THE ORGANIZATION MANAGED AND MAINTAINED A LOW INCOME APARTMENT BUILDING IN THE CITY OF BUFFALO LAKE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary Baumgarten President | 1 | $0 | |
Mark Taylor Vice Preside | 1 | $0 | |
Deb Deal Treasurer | 1 | $0 | |
Angela Weispfenning Secretary | 1 | $0 | |
Roger Newman Director | 1 | $0 | |
Kathy Wehking Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $51,581 |
Membership dues | $0 |
Investment income | $12 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $51,593 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $4,986 |
Professional fees and other payments to independent contractors | $9,237 |
Occupancy, rent, utilities, and maintenance | $21,924 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $18,578 |
Total expenses | $54,725 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $21,972 |
Other assets | $0 |
Total assets | $123,383 |
Total liabilities | $46,895 |
Net assets or fund balances | $76,488 |