New Leipzig Development Association is located in Mott, ND. The organization was established in 1967. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Leipzig Development Association 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, New Leipzig Development Association generated $69.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $73.5k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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
LOW RENTAL APARTMENTS- 18 APARTMENTS RENTED TO THE ELDERLY AND LOW INCOME PEOPLE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robin Ulrich Manager | 10 | $7,000 | |
Alroy Hochhalter Vice Preside | 10 | $6,060 | |
Donald Mueller Director | 1 | $0 | |
Martin Schock President | 1 | $0 | |
Marcy Hertz Director | 1 | $0 | |
Bill Wruck Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $34,755 |
Total Program Service Revenue | $34,804 |
Membership dues | $0 |
Investment income | $45 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $69,604 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $13,940 |
Professional fees and other payments to independent contractors | $605 |
Occupancy, rent, utilities, and maintenance | $29,283 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $29,682 |
Total expenses | $73,510 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $46,022 |
Other assets | $0 |
Total assets | $163,016 |
Total liabilities | $29,835 |
Net assets or fund balances | $133,181 |
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