Lake Agassiz Housing Corporation

Organization Overview

Lake Agassiz Housing Corporation is located in Fargo, ND. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Agassiz Housing Corporation 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, Lake Agassiz Housing Corporation generated $636.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $700.2k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE COMMUNITY DEVELOPMENT BY DEVELOPING SENIOR CONGREGATE LIVING FACILITIES AND OTHER HOUSING NEEDS TO MAINTAIN ECOMOMIC VITALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLANNING AND DEVELOPING SENIOR CONGREGATE LIVING FACILITIES AND OTHER HOUSING NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Wurl
Secretary
$0
Larry Jacobsen
Vice President
$0
Rick Mairs
President
$0
Lisa Rotvold
Treasurer
$0
Donald Litch
Chief Financial Officer
$0
Amber Metz
Executive Director
$0

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$465,371
Investment income $2,237
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 $636,407

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