Wolf Run Village Inc
- Assets
- $13.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 134
- Location
- Watford City, ND
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 45-5595954
Organization Overview
Wolf Run Village Inc is located in Watford City, ND. The organization was established in 2013. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Wolf Run Village Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wolf Run Village 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, Wolf Run Village Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF WOLF RUN VILLAGE IS TO PROVIDE A 42-UNIT RENTAL HOUSING COMPLEX FOR PUBLIC SERVICE EMPLOYEES IN WATFORD CITY, MCKENZIE COUNTY, NORTH DAKOTA AND TO ESTABLISH A DAYCARE FACILITY FOR CHILDREN.
Describe the Organization's Program Activity:
RENTAL HOUSING COMPLEX DEVELOPMENT FOR PUBLIC SERVICE EMPLOYEES:THE PURPOSE OF THE PROGRAM IS THE DEVELOPMENT, CONSTRUCTION, AND OPERATION OF A 42-UNIT RENTAL HOUSING PROJECT AFFORDABLE FOR PUBLIC SERVICE EMPLOYEES.THE ORGANIZATION BEGAN FUNDRAISING ACTIVITIES AND PREPARATION FOR PURCHASING OF THE LAND ON WHICH TO BUILD THE HOUSING FACILITIES IN JULY 2012. WOLF RUN VILLAGE COMPLETED THE LAND ACQUISITION IN WATFORD CITY,NORTH DAKOTA, IN MARCH 2013. THE HOUSING FACILITIES FOR RENT WERE BUILT AND PROVIDED TO APPROXIMATELY 42 PUBLIC SERVICE EMPLOYEES BEGINNING AUGUST 2013, WITH THE RENT BEING PARTIALLY SUBSIDIZED BY THE CITY, COUNTY, AND SCHOOL DISTRICT.
CHILDREN'S DAYCARE CENTER DEVELOPMENT:THE PURPOSE OF THE PROJECT IS THE CONSTRUCTION AND DEVELOPMENT OF A CHILDREN'S DAYCARE FACILITY THAT IS LICENSED FOR 211 CHILDREN, LOCATED IN WATFORD CITY, NORTH DAKOTA. THE SERVICES OF THE DAYCARE CENTER ARE AVAILABLE TO WORKING FAMILIES THROUGHOUT THE WATFORD CITY COMMUNITY THAT HAVE YOUNG CHILDREN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Moen President | OfficerTrustee | 1 | $0 |
Wyatt Voll Secretary | OfficerTrustee | 1 | $0 |
Bethany Devlin Treasurer | OfficerTrustee | 1 | $0 |
Gene Veeder Director | Trustee | 1 | $0 |
Steven Holen Director | Trustee | 1 | $0 |
Tessa Moberg Executive Director | Officer | 40 | $93,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,094,917 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,246 |
| Total Program Service Revenue | $3,246,334 |
| Investment income | $30,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,456 |
| 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 | -$260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,378,888 |
| 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. | $96,068 |
| Compensation of current officers, directors, key employees. | $96,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,228,587 |
| Pension plan accruals and contributions | $12,517 |
| Other employee benefits | $315,854 |
| Payroll taxes | $182,874 |
| Fees for services: Management | $49,000 |
| Fees for services: Legal | $27,118 |
| Fees for services: Accounting | $22,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,884 |
| Advertising and promotion | $603 |
| Office expenses | $12,314 |
| Information technology | $2,027 |
| Royalties | $0 |
| Occupancy | $203,805 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,960 |
| Interest | $319,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,445 |
| Insurance | $61,182 |
| All other expenses | $5,843 |
| Total functional expenses | $4,382,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $605,585 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,363 |
| 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 | $28,888 |
| Net Land, buildings, and equipment | $12,698,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $66,689 |
| Other assets | $21,058 |
| Total assets | $13,532,637 |
| Accounts payable and accrued expenses | $63,003 |
| Grants payable | $0 |
| Deferred revenue | $95,757 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $37,714 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,161,684 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,358,158 |
| Net assets without donor restrictions | $8,174,479 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $13,532,637 |