Northern Valley Home
- Assets
- $698.4k
- Revenue
- $194.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Cavalier, ND
- Founding
- 12/1969
- Data as of
- 12/2021
- EIN
- 45-0308763
Organization Overview
Northern Valley Home is located in Cavalier, ND. The organization was established in 1969. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Northern Valley Home employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Valley Home 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, Northern Valley Home generated $194.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $143.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING FOR ELDERLY AND OTHERS IN CAVALIER
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISH LOW-COST HOUSING TO ELDERLY AND OTHERS IN NEED IN CAVALIER. SOME OF THESE HOUSING UNITS ARE SUBSIDIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Wellman Sec/treas | OfficerTrustee | 8 | $2,649 |
Barry Hanson President | OfficerTrustee | 1 | $700 |
Garry Freidt Vice President | OfficerTrustee | 1 | $700 |
Robert Fleming Director | Trustee | 1 | $700 |
Mel Stark Director | Trustee | 1 | $700 |
Garnet Furstenau Director | Trustee | 1 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $191,091 |
| Investment income | $3,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,249 |
| Compensation of current officers, directors, key employees. | $7,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,612 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,954 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,415 |
| Insurance | $7,063 |
| All other expenses | $0 |
| Total functional expenses | $143,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,296 |
| Savings and temporary cash investments | $262,180 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $387,940 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $698,416 |
| Accounts payable and accrued expenses | $10,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,046 |
| Total liabilities | $12,586 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $685,830 |
| Total liabilities and net assets/fund balances | $698,416 |
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