Stanley Community Housing Corp
- Assets
- $295.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stanley, ND
- Founding
- 09/1971
- Data as of
- 12/2022
- EIN
- 45-0312093
Organization Overview
Stanley Community Housing Corp is located in Stanley, ND. The organization was established in 1971. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Stanley Community Housing Corp 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, Stanley Community Housing Corp generated $75.0k 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 (3.6%) each year. All expenses for the organization totaled $74.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
2022
Describe the Organization's Program Activity:
Part 3
RENT 16 APARTMENTS TO THE ELDERLY AND INDIVIDUALS WITH A QUALIFYING DISABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Lautenschlager President | 0 | $0 | |
David Colbenson Vice President | 0 | $0 | |
John H Westby Treasurer | 9 | $17,659 | |
Debra Nichols Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $74,984 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,984 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,137 |
| Professional fees and other payments to independent contractors | $921 |
| Occupancy, rent, utilities, and maintenance | $39,677 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,546 |
| Total expenses | $74,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,056 |
| Other assets | $0 |
| Total assets | $295,513 |
| Total liabilities | $69,515 |
| Net assets or fund balances | $225,998 |