Platte Lake Property Owners Association
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Hillman, MN
- Founding
- 03/2002
- Data as of
- 12/2020
- EIN
- 41-1957674
Organization Overview
Platte Lake Property Owners Association is located in Hillman, MN. The organization was established in 2002. 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. Platte Lake Property Owners Association 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 12/2020, Platte Lake Property Owners Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 2.2% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
USE OF PROFITS FROM LAWFUL GAMBLING FOR IMPROVEMENT OF LAKE, FISH, GAME, ROADS AND OTHER INTERESTS FOR THE WELFARE OF THE MEMBERS OF THE AREA.
USE OF PROFITS FROM LAWFUL GAMBLING FOR IMPROVEMENT OF LAKE, FISH, GAME, ROADS AND OTHER INTERESTS FOR THE WELFARE OF THE MEMBERS OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bud Opitz Director | 0 | $0 | |
Greg Tschida Director | 0 | $0 | |
John Taylor Director | 0 | $0 | |
Mike Haehn Treasurer | 0 | $0 | |
Henrietta O'konek Director | 0 | $0 | |
Loren Tomala Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,000 |
| Interest on Savings | $662 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,804,978 |
| Total Revenue | $1,817,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $43,325 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,802,752 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,802,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,547 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Martin Luther Home Corporation Dubuque, IA | $34,357,421 | $17,283,638 |
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 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |
Panora Cooperative Cablevision Association Inc Panora, IA | $431,429 | $971,770 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
Dodge County Dairy Testing Association Coop Juneau, WI | $312,749 | $593,710 |