Maple Apartments Of Richmond
- Assets
- $169.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Cloud, MN
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 41-1975564
Organization Overview
Maple Apartments Of Richmond is located in St Cloud, MN. The organization was established in 2000. 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. Maple Apartments Of Richmond 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, Maple Apartments Of Richmond generated $97.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $81.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE PROVIDED 16 HOUSING UNITS TO LOW AND MODERATE INCOME FAMILIES, ON A NON-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Bresnahan Board President | 0.07 | $0 | |
Renae Sternke Board Vice President | 0.07 | $0 | |
Tonya Schmidt Board Secretary/treasurer | 0.07 | $0 | |
Bambi Holloway Property Manager | 3 | $0 | |
Joanne Broschofsky Director Of Finance | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $97,088 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,089 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,765 |
| Occupancy, rent, utilities, and maintenance | $56,456 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $895 |
| Total expenses | $81,116 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,533 |
| Other assets | $0 |
| Total assets | $169,761 |
| Total liabilities | $548,526 |
| Net assets or fund balances | -$378,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |
Habitat For Humanity International Inc Menasha, WI | $15,348,102 | $7,467,447 |
Affordable Housing Network Inc Cedar Rapids, IA | $25,730,785 | $5,702,234 |
Anawim Housing Des Moines, IA | $12,399,814 | $6,675,013 |
Housing Alternatives Development Company Deephaven, MN | $21,981,547 | $6,818,305 |
Community Housing Initiatives Inc Spencer, IA | $50,484,883 | $5,152,673 |
Riverton Community Housing Minneapolis, MN | $52,152,152 | $6,167,785 |