Beyond Shelter Inc
- Assets
- $56.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Fargo, ND
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 45-0453966
Organization Overview
Beyond Shelter Inc is located in Fargo, ND. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Beyond Shelter Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beyond Shelter Inc 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 12/2023, Beyond Shelter Inc generated $7.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROVIDE AFFORDABLE HOUSING AND HOUSING SERVICES AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT ACTIVITIES FOR FIVE AFFORDABLE HOUSING PROJECTS: PROVIDING ONE 42 RESIDENTIAL UNIT AFFORDABLE HOUSING DEVELOPMENT TO THE CITY OF FARGO, ND; PROVIDING ONE 39 RESIDENTIAL UNIT AFFORDABLE HOUSING DEVELOPMENT TO THE CITY OF FARGO, ND, PROVIDING ONE 12 RESIDENTIAL UNIT AFFORDABLE HOUSING DEVELOPMENT TO THE CITY OF FARGO, ND, PROVIDING ONE 23 RESIDENTIAL UNIT AFFORDABLE HOUSING DEVELOPMENT TO THE CITY OF FARGO, ND, PROVIDING ONE 24 RESIDENTIAL UNIT AFFORDABLE HOUSING UNIT TO THE CITY OF FERGUS FALLS, MN, AND OTHER MISCELLANEOUS AFFORDABLE HOUSING DEVELOPMENT ACTIVITIES.
OPERATION OF COMMERCIAL BUILDING WHICH IS USED AS A SOCIAL CLUB FOR THE MENTAL HEALTH ASSOCIATION OF NORTH DAKOTA, A 501(C)(3) ORGANIZATION. OPERATION OF THREE COMMERCIAL RENTAL UNITS IN SUPPORT OF A 60-UNIT LOW INCOME HOUSING TAX CREDIT AFFORDABLE HOUSING PROJECT. OPERATION OF AN APARTMENT COMPLEX IN DICKINSON, ND, THAT HAS 24 UNITS OF AFFORDABLE RESIDENTIAL HOUSING UNITS, OPERATIONS OF AN APARTMENT COMPLEX IN FARGO, ND, THAT HAS 24 UNITS OF AFFORDABLE HOUSING UNITS.
THE ORGANIZATION IS A 100% OWNER IN SEVERAL PARTNERSHIPS TREATED AS DISREGARDED ENTITIES WHICH ARE LISTED IN SCHEDULE R, PART I.THE ORGANIZATION IS A GENERAL PARTNER IN SEVERAL LIMITED PARTNERSHIPS AND THE MANAGING MEMBER IN SEVERAL LIMITED LIABILITY COMPANIES LISTED IN SCHEDULE R, PART III. THE ORGANIZATION IS THE 100% OWNER IN SEVERAL LIMITED LIABILITY COMPANIES LISTED IN SCHEDULE R, PART IV. EACH OF THESE ENTITIES SERVES AS THE GENERAL PARTNER OF ITS RELATED LIMITED PARTNERSHIP WHICH ARE REPORTED IN SCHEDULE R, PART III AS AN ENTITY WITH LIMITED RELATIONSHIP TO THE FILING ORGANIZATION. ALL OF THE ENTITIES REFERENCED AND REPORTED ON SCHEDULE R PROVIDE LOW INCOME HOUSING AND AFFORDABLE HOUSING IN THE STATE OF NORTH DAKOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Stedman President | OfficerTrustee | 0.5 | $0 |
Rodger Mohagen Vice President | OfficerTrustee | 0.5 | $0 |
Rebecca Bakke Treasurer | OfficerTrustee | 0.5 | $0 |
Rhet Fiskness Secretary | OfficerTrustee | 0.5 | $0 |
Jacob Reuter Director | Trustee | 0.5 | $0 |
Leola Daul Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eapc Architects Engineers Architecture Services | 12/30/23 | $177,895 |
Schultz & Associates Architecture Services | 12/30/23 | $156,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,094,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,767 |
| Noncash contributions included in lines 1a–1f | $488,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,582,988 |
| Total Program Service Revenue | $3,743,495 |
| Investment income | $5,008 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,348,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,679,632 |
| 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. | $318,761 |
| Compensation of current officers, directors, key employees. | $47,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,261,915 |
| Pension plan accruals and contributions | $72,271 |
| Other employee benefits | $209,847 |
| Payroll taxes | $97,524 |
| Fees for services: Management | $32,137 |
| Fees for services: Legal | $30,396 |
| Fees for services: Accounting | $40,134 |
| Fees for services: Lobbying | $300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,656 |
| Fees for services: Other | $31,260 |
| Advertising and promotion | $7,233 |
| Office expenses | $144,572 |
| Information technology | $20,671 |
| Royalties | $0 |
| Occupancy | $672,272 |
| Travel | $4,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,051 |
| Interest | $317,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $170,039 |
| Insurance | $106,142 |
| All other expenses | $12,599 |
| Total functional expenses | $3,945,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,974 |
| Savings and temporary cash investments | $3,762,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,327 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $528,915 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,271 |
| Net Land, buildings, and equipment | $15,314,102 |
| Investments—publicly traded securities | $2,454,094 |
| Investments—other securities | $0 |
| Investments—program-related | $33,589,575 |
| Intangible assets | $0 |
| Other assets | $75,800 |
| Total assets | $56,357,299 |
| Accounts payable and accrued expenses | $785,176 |
| Grants payable | $0 |
| Deferred revenue | $3,697,751 |
| Tax-exempt bond liabilities | $21,387 |
| Escrow or custodial account liability | $9,918 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,665,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,003,685 |
| Total liabilities | $25,183,245 |
| Net assets without donor restrictions | $30,804,471 |
| Net assets with donor restrictions | $369,583 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $56,357,299 |