Kerkhoven Housing Association Inc
- Assets
- $93.3k
- Revenue
- $144.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kerkhoven, MN
- Founding
- 09/1975
- Data as of
- 12/2021
- EIN
- 51-0158158
Organization Overview
Kerkhoven Housing Association Inc is located in Kerkhoven, MN. The organization was established in 1975. 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. Kerkhoven Housing Association Inc 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, Kerkhoven Housing Association Inc generated $144.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $126.0k during the year ending 12/2021. While expenses have increased by 0.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING FOR KERKHOVEN, MN RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING TO RESIDENT FAMILIES OF KERKHOVEN, MN.
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 |
|---|---|---|---|
Tom Baker President | OfficerTrustee | 1 | $0 |
Jean Rustad Vice Preside | OfficerTrustee | 1 | $0 |
Ruth Ashburn Director | Trustee | 1 | $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 | $144,127 |
| Investment income | $25 |
| 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 | $144,152 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,337 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,189 |
| Advertising and promotion | $48 |
| Office expenses | $32 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,813 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $260 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,457 |
| Insurance | $9,174 |
| All other expenses | $0 |
| Total functional expenses | $125,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,893 |
| Savings and temporary cash investments | $20,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $50,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,343 |
| Accounts payable and accrued expenses | $3,925 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $365 |
| Other liabilities | $11,376 |
| Total liabilities | $15,666 |
| Net assets without donor restrictions | $0 |
| 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 | $77,677 |
| Total liabilities and net assets/fund balances | $93,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Home Belle Plaine, MN | $28,969,103 | $28,215,877 |
Martin Luther Home Corporation Dubuque, IA | $34,357,421 | $17,283,638 |
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 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |
Panora Cooperative Cablevision Association Inc Panora, IA | $431,429 | $971,770 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |