Bel-Plex Apartments Inc
- Assets
- $74.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foreston, MN
- Founding
- 10/1967
- Data as of
- 12/2022
- EIN
- 41-6058468
Organization Overview
Bel-Plex Apartments Inc is located in Foreston, MN. The organization was established in 1967. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Bel-Plex Apartments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Bel-Plex Apartments Inc generated $111.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $120.4k during the year ending 12/2022. While expenses have increased by 8.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE PROVIDED 18 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 |
|---|---|---|---|
John Roelike Board Member | 0 | $0 | |
Rick Tschida Board Member | 0 | $0 | |
Robert Dickhoff Board Member | 0 | $0 | |
Dave Braegelman Board Member | 0 | $0 | |
Brian Eckstein Board Member | 0 | $0 | |
Leah Fernelius Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $111,838 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,838 |
| 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 | $38,967 |
| Occupancy, rent, utilities, and maintenance | $67,777 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,695 |
| Total expenses | $120,439 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,581 |
| Other assets | $0 |
| Total assets | $74,275 |
| Total liabilities | $297,233 |
| Net assets or fund balances | -$222,958 |