Stanley Community Housing Corp
- Assets
- $299.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stanley, ND
- Founding
- 09/1971
- Data as of
- 12/2021
- 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 12/2021, Stanley Community Housing Corp generated $85.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $72.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
2021
Describe the Organization's Program Activity:
Part 3
RENT 16 APARTMENTS TO THE ELDERLY AND AN INDIVIDUAL WITH A QUALIFYING DISABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Lautenschlager President | 0 | $0 | |
John H Westby Treasurer | 9 | $0 | |
Debra Nichols Secretary | 0 | $0 | |
David Colbenson Vice President | 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 | $85,244 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,244 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,687 |
| Professional fees and other payments to independent contractors | $3,689 |
| Occupancy, rent, utilities, and maintenance | $42,324 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,578 |
| Total expenses | $72,278 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $121,157 |
| Other assets | $0 |
| Total assets | $299,768 |
| Total liabilities | $74,473 |
| Net assets or fund balances | $225,295 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Big Sky Owners Association Inc Big Sky, MT | $2,466,028 | $1,119,623 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Home Builders Association Of Billings Montana Inc Billings, MT | $1,429,512 | $763,178 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
Nhhi Mankato Barrier Free Housing Corporation New Brighton, MN | $738,044 | $457,133 |
Rcil-Olmsted Barrier Free Housing Corporation Rochester, MN | $2,047,722 | $323,941 |
St Paul Association Of Building Owners & Managers Inc St Paul, MN | $434,208 | $376,455 |
Farmers Educational & Cooperative Union Of America North Dakota Div Jamestown, ND | $1,848,057 | $448,026 |