Multi-County Builders
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wabasha, MN
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 41-1824119
Organization Overview
Multi-County Builders is located in Wabasha, MN. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Multi-County Builders 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 12/2021, Multi-County Builders generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $671.4k during the year ending 12/2021. While expenses have increased by 9.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SUBSIDIZED HOUSING FOR PEOPLE WITH LOW TO MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE 23,790 DAYS OF SUBSIDIZED HOUSING FOR FAMILIES WITH LOW TO MODERATE INCOME LEVELS. OCCUPANCY RATE WAS 96.81%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Key President | OfficerTrustee | 1 | $0 |
Bobbi Willers Executive Director | Officer | 1 | $0 |
Karen Ducharme Secretary | Officer | 1 | $0 |
Brad Anderson Director | Trustee | 1 | $0 |
Rodney Peterson Director | Trustee | 1 | $0 |
Rich Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,084,114 |
| Investment income | $0 |
| 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 | $1,084,114 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $89,324 |
| Fees for services: Legal | $65,038 |
| Fees for services: Accounting | $2,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $640 |
| Office expenses | $4,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,073 |
| Travel | $7,402 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,516 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,899 |
| Insurance | $20,346 |
| All other expenses | $0 |
| Total functional expenses | $671,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,201 |
| Savings and temporary cash investments | $23,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,709 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $154,563 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,319,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $617,175 |
| Intangible assets | $21,682 |
| Other assets | $37,000 |
| Total assets | $3,247,191 |
| Accounts payable and accrued expenses | $6,844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,008 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,110,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207,835 |
| Total liabilities | $2,348,402 |
| Net assets without donor restrictions | $898,789 |
| 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 | $3,247,191 |
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