Hiawatha Homes Foundation
- Assets
- $8.7m
- Revenue
- $926.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 41-1453827
Organization Overview
Hiawatha Homes Foundation is located in Rochester, MN. The organization was established in 1984. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hiawatha Homes Foundation 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, Hiawatha Homes Foundation generated $926.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $935.8k during the year ending 12/2022. 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
DEVELOP, SECURE AND MANAGE FINANCIAL RESOURCES FOR THE BENEFIT OF HIAWATHA HOMES, INC., A RELATED 501(C)(3). SUPPORT HIAWATHA HOMES IN PROVIDING RESIDENTIAL, IN-HOME, AND COMMUNITY-BASED CHOICES FOR PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO HIAWATHA HOMES, INC. THROUGH PUBLIC RELATIONS ACTIVITIES AND BY CULTIVATING AND MANAGING GIFTS GIVEN TO BENEFIT PEOPLE SUPPORTED BY HIAWATHA HOMES, INC.'S PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Nigbur Director | Trustee | 2 | $0 |
Kathleen Davis Past President | OfficerTrustee | 2 | $0 |
Lisett Comai-Legrand President | OfficerTrustee | 2 | $0 |
Matt Brouillard Director | Trustee | 2 | $0 |
Deb Falbo President Hiawatha Homes | OfficerTrustee | 2 | $0 |
Mary Brouillard Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,482 |
| Related organizations | $0 |
| Government grants | $11,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,082 |
| Noncash contributions included in lines 1a–1f | $35,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,364 |
| Total Program Service Revenue | $378,000 |
| Investment income | $82,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,146 |
| 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. | $63,665 |
| Compensation of current officers, directors, key employees. | $22,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,107 |
| Pension plan accruals and contributions | $2,544 |
| Other employee benefits | $27,885 |
| Payroll taxes | $10,073 |
| Fees for services: Management | $9,475 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,315 |
| Fees for services: Other | $0 |
| Advertising and promotion | $683 |
| Office expenses | $9,923 |
| Information technology | $4,562 |
| Royalties | $0 |
| Occupancy | $62,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $649 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,840 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $935,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,683 |
| Savings and temporary cash investments | $295,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,126 |
| 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 | $2,254 |
| Net Land, buildings, and equipment | $4,100,004 |
| Investments—publicly traded securities | $3,605,774 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,733,375 |
| Accounts payable and accrued expenses | $48,805 |
| Grants payable | $0 |
| Deferred revenue | $284 |
| 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 | $49,089 |
| Net assets without donor restrictions | $8,616,388 |
| Net assets with donor restrictions | $67,898 |
| 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 | $8,733,375 |