Pine City Estates Inc
- Assets
- $320.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pine City, MN
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 41-6080949
Organization Overview
Pine City Estates Inc is located in Pine City, MN. The organization was established in 1968. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine City Estates 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 12/2021, Pine City Estates Inc generated $57.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $84.9k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
SUBSIDIZED HOUSING FOR ELDERLY INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Robelia Secretary/tr | 20 | $8,556 | |
Sue Valvoda President | 1 | $0 | |
Carol Neuman Director | 1 | $0 | |
Daniel Carlson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,345 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,361 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,588 |
| Professional fees and other payments to independent contractors | $2,907 |
| Occupancy, rent, utilities, and maintenance | $61,083 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,276 |
| Total expenses | $84,854 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,647 |
| Other assets | $0 |
| Total assets | $320,400 |
| Total liabilities | $334,056 |
| Net assets or fund balances | -$13,656 |
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