Steele County Transitional Housing Inc
- Assets
- $279.8k
- Revenue
- $464.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Owatonna, MN
- Founding
- 07/2000
- Data as of
- 12/2023
- EIN
- 41-1946337
Organization Overview
Steele County Transitional Housing Inc is located in Owatonna, MN. The organization was established in 2000. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Steele County Transitional Housing Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steele County Transitional Housing 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 12/2023, Steele County Transitional Housing Inc generated $464.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $486.5k during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESPOND TO PEOPLE WITH HOUSING NEEDS IN STEELE COUNTY, MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP INDIVIDUALS FIND AND KEEP AFFORDABLE LIVING FACILITIES WHEN INCOME IS LESS THAN WHAT IS NEEDED TO PAY FOR HOUSING COSTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Enter President | OfficerTrustee | 1 | $0 |
Greg Johnson Vice President | OfficerTrustee | 1 | $0 |
Brad Vettrus Treasurer | OfficerTrustee | 1 | $0 |
Jenna Herzog Secretary | OfficerTrustee | 1 | $0 |
Kristy Thiel Director | Trustee | 1 | $0 |
Lisa Korbel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $71,000 |
| Membership dues | $0 |
| Fundraising events | $110,096 |
| Related organizations | $0 |
| Government grants | $183,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,995 |
| Noncash contributions included in lines 1a–1f | $824 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $468,654 |
| Total Program Service Revenue | $0 |
| Investment income | $416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,211 |
| 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. | $86,295 |
| Compensation of current officers, directors, key employees. | $28,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,192 |
| Payroll taxes | $14,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,133 |
| 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 | $13,855 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,306 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,375 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,996 |
| All other expenses | $2,340 |
| Total functional expenses | $486,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,397 |
| Savings and temporary cash investments | $90,714 |
| Pledges and grants receivable | $9,535 |
| 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 | $3,235 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,944 |
| Total assets | $279,825 |
| Accounts payable and accrued expenses | $12,798 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,944 |
| Total liabilities | $27,742 |
| Net assets without donor restrictions | $252,083 |
| 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 | $279,825 |