Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc
- Assets
- $889.6k
- Revenue
- $92.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rushford, MN
- Founding
- 09/1999
- Data as of
- 09/2023
- EIN
- 41-1916947
Organization Overview
Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc is located in Rushford, MN. The organization was established in 1999. 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. Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth 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 09/2023, Bluff Country Minnesota Multi Cty Housing & Redevelopment Auth Inc generated $92.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $97.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BCHRA RECEIVED FUNDS THROUGH MN HOUSING'S IMPACT FUND PROGRAM TO PROVIDE REHAB LOANS TO ELIGIBLE HOMEOWNERS IN FILLMORE AND HOUSTON COUNTIES WHO FALL BETWEEN THE MN HOUSING REHAB LOAN PROGRAM AND THE MN HOUSING FIX UP FUND LOAN PROGRAM. IN FY2023 BCHRA CONTINUED TO RECEIVE MINNESOTA CITIES PARTICIPATION PROGRAM FUNDS FOR LOCAL PARTICIPATING LENDERS TO HELP PEOPLE PURCHASE HOMES THROUGH MN HOUSING'S START UP AND/OR STEP UP LOAN PROGRAMS. BCHRA ALSO CONTINUED TO PROVIDE SAFE AND AFFORDABLE RENTAL HOUSING UNIT OPTIONS AT VESTERHEIM MANOR APARTMENTS LOCATED IN PRESTON, HARMONY MANOR APARTMENTS IN HARMONY, AND SPRING GROVE MANOR APARTMENTS IN SPRING GROVE. ALL ARE USDA RD FUNDED PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Carlson President | OfficerTrustee | 1 | $0 |
Vonda Buddle Vice President | OfficerTrustee | 1 | $0 |
Bob Burns Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mitch Lentz Board Member | 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 | $91,480 |
| Investment income | $499 |
| 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 | $91,979 |
| 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 | $3,401 |
| Pension plan accruals and contributions | $135 |
| Other employee benefits | $113 |
| Payroll taxes | $340 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,021 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,904 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,458 |
| Insurance | $12,012 |
| All other expenses | $9,974 |
| Total functional expenses | $97,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,535 |
| Savings and temporary cash investments | $251,404 |
| Pledges and grants receivable | $0 |
| 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 | $564,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,781 |
| Total assets | $889,647 |
| Accounts payable and accrued expenses | $7,220 |
| 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 | $774,538 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $781,758 |
| Net assets without donor restrictions | $107,889 |
| 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 | $889,647 |