Nhhi Asi-Senior Bloomington Inc is located in New Brighton, MN. The organization was established in 2005. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nhhi Asi-Senior Bloomington 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 09/2023, Nhhi Asi-Senior Bloomington Inc generated $410.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $528.7k during the year ending 09/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING FOR LOW INCOME PERSONS WITH DISABILITIES AND FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING FOR LOW INCOME PERSONS WITH DISABIBILITIES AND FOR SENIORS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Irene Wright President | Officer | 1 | $0 |
Joann Rademacher Treasurer | Officer | 1 | $0 |
Martin Kretzmann Director | Officer | 1 | $0 |
John Adams Director | Trustee | 1 | $0 |
Sunni Ganje Director | Trustee | 1 | $0 |
Mark Hamel Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $213,985 |
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 | $213,985 |
Total Program Service Revenue | $194,809 |
Investment income | $398 |
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 | $410,492 |
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 | $103,819 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,931 |
Payroll taxes | $7,112 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,235 |
Fees for services: Accounting | $10,925 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,301 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $47,031 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $143,513 |
Insurance | $0 |
All other expenses | $52,130 |
Total functional expenses | $528,719 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,007 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,836 |
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 | $3,271,841 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $281,766 |
Total assets | $3,572,450 |
Accounts payable and accrued expenses | $68,984 |
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 | $0 |
Other liabilities | $18,147 |
Total liabilities | $87,131 |
Net assets without donor restrictions | -$1,195,281 |
Net assets with donor restrictions | $4,680,600 |
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 | $3,572,450 |