Rcil-Olmsted Barrier Free Housing Corporation is located in Rochester, MN. The organization was established in 1989. 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. Rcil-Olmsted Barrier Free Housing Corporation 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 09/2022, Rcil-Olmsted Barrier Free Housing Corporation generated $323.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $379.3k during the year ending 09/2022. While expenses have increased by 5.6% per year over the past 7 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
INDIVIDUALS WITH ACCESSIBLE HOUSING AND OTHER SERVICES THAT ACCOMMODATE THEIR PARTICULAR NEEDS FOR LIVING INDEPENDENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED APARTMENT BUILDING PROVIDING HOUSING AND OTHER SERVICES TO LOW- INCOME AND HANDICAPPED INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jay Beyer-Kropuenske President | OfficerTrustee | 1 | $0 |
Judy Jewison Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $223,306 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $223,306 |
Total Program Service Revenue | $99,313 |
Investment income | $178 |
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 | $323,941 |
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 | $62,555 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,608 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,363 |
Fees for services: Accounting | $6,380 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $6,511 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,899 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $67,389 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $88,132 |
Insurance | $0 |
All other expenses | $48,752 |
Total functional expenses | $379,338 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,896 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,168 |
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 | $26,743 |
Net Land, buildings, and equipment | $1,850,219 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $165,696 |
Total assets | $2,047,722 |
Accounts payable and accrued expenses | $7,907 |
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 | $1,734,897 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,726 |
Total liabilities | $1,754,530 |
Net assets without donor restrictions | $293,192 |
Net assets with donor restrictions | $0 |
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 | $2,047,722 |
Organization Name | Assets | Revenue |
---|---|---|
Lutheran Home Belle Plaine, MN | $28,969,103 | $28,215,877 |
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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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Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
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