Civic Intelligence

Riverton Community Housing

990 • Fiscal year 2018 • EIN 23-7259966

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 15, 2018

Organization ProfileWWW.RIVERTON.ORG
425 13th Ave SEMinneapolis, MN 55414-2065

(612) 331-3911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.96x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

10.80x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$146,736

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

96th percentile

61%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-7.8%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$51,838,736

Up $19,550,542 (+61%) from 2017

Net Assets

Up

$2,238,313

Up $572,049 (+34%) from 2017

Liabilities

Up

$49,600,423

Up $18,978,493 (+62%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin71st percentile

Revenue

Down

$4,591,879

Down $389,587 (-7.8%) from 2017

Expenses

Up

$3,959,476

Up $163,807 (+4.3%) from 2017

Net Income

Down

$632,403

Down $553,394 (-47%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $31,425,896Liabilities 2010: $31,705,946Net Assets 2010: -$280,0502010Assets 2011: $20,316,551Liabilities 2011: $20,402,417Net Assets 2011: -$85,8662011Assets 2012: $20,278,784Liabilities 2012: $20,204,974Net Assets 2012: $73,8102012Assets 2013: $20,136,824Liabilities 2013: $19,862,195Net Assets 2013: $274,6292013Assets 2015: $31,540,142Liabilities 2015: $31,509,341Net Assets 2015: $30,8012015Assets 2016: $31,527,601Liabilities 2016: $31,027,931Net Assets 2016: $499,6702016Assets 2017: $32,288,194Liabilities 2017: $30,621,930Net Assets 2017: $1,666,2642017Assets 2018: $51,838,736Liabilities 2018: $49,600,423Net Assets 2018: $2,238,3132018Assets 2019: $52,315,009Liabilities 2019: $49,988,201Net Assets 2019: $2,326,8082019Assets 2020: $52,152,152Liabilities 2020: $49,270,505Net Assets 2020: $2,881,6472020Assets 2021: $52,771,886Liabilities 2021: $48,845,535Net Assets 2021: $3,926,3512021Assets 2022: $51,048,944Liabilities 2022: $46,716,398Net Assets 2022: $4,332,5462022Assets 2023: $50,682,600Liabilities 2023: $46,368,411Net Assets 2023: $4,314,1892023Assets 2024: $48,131,968Liabilities 2024: $43,929,906Net Assets 2024: $4,202,0622024

Highlighted filing

2018

Assets$51,838,736
Liabilities$49,600,423
Net Assets$2,238,313
Open 2018 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,913,3672010Expenses 2011: $2,131,2262011Expenses 2012: $2,053,5312012Expenses 2013: $2,010,7922013Revenue 2015: $3,114,933Expenses 2015: $3,678,686Net Income 2015: -$563,7532015Revenue 2016: $4,086,374Expenses 2016: $3,613,416Net Income 2016: $472,9582016Revenue 2017: $4,981,466Expenses 2017: $3,795,669Net Income 2017: $1,185,7972017Revenue 2018: $4,591,879Expenses 2018: $3,959,476Net Income 2018: $632,4032018Revenue 2019: $5,045,570Expenses 2019: $5,022,775Net Income 2019: $22,7952019Revenue 2020: $6,167,785Expenses 2020: $5,657,547Net Income 2020: $510,2382020Revenue 2021: $6,521,205Expenses 2021: $5,445,730Net Income 2021: $1,075,4752021Revenue 2022: $6,168,719Expenses 2022: $5,840,454Net Income 2022: $328,2652022Revenue 2023: $6,444,149Expenses 2023: $6,504,938Net Income 2023: -$60,7892023Revenue 2024: $6,506,785Expenses 2024: $6,169,266Net Income 2024: $337,5192024

Highlighted filing

2018

Revenue$4,591,879
Expenses$3,959,476
Net Income$632,403
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 15, 2018
Return Version
2017v2.3
Gross Receipts
$4,596,982
Mission and Program Overview

Mission

To develop and maintain quality, student-oriented housing communities operating on a non-profit, democratic basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,573,928$25,503,207▲ $1,929,279
Rtn Earn Endowment Incm Other Fnds$1,666,264$2,238,313▲ $572,049
Cash and Non-Interest-Bearing Accounts$2,866,097$1,756,573▼ $1,109,524
Intangible Assets$971,868$1,227,461▲ $255,593
Accounts Receivable$391,907$360,510▼ $31,397
Prepaid Expenses and Deferred Charges$22,529$23,390▲ $861
Total Assets$32,288,194$51,838,736▲ $19,550,542
Other Assets Total$4,461,865$22,967,595▲ $18,505,730
Liabilities
Tax Exempt Bond Liabilities$29,875,000$48,850,000▲ $18,975,000
Accounts Payable and Accrued Expenses$689,552$693,345▲ $3,793
Other Liabilities$57,378$57,078▼ $300
Total Liabilities$30,621,930$49,600,423▲ $18,978,493
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,666,264$2,238,313▲ $572,049
Total Liabilities and Net Assets / Fund Balance$32,288,194$51,838,736▲ $19,550,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,315,015$12,703,873$35,018,888
Land$3,148,729-$3,148,729
Equipment$39,463$63,397$102,860
Other Assets Org$385,561--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gary EllisExecutive DiFT$146,736$146,736

Board Members and Trustees

NameTitle
Jaren JohnsonPresident
Alyssa BraatenBoard Member
Brian CihacekBoard Member
Courtney OverbyBoard Member
Ellen DoeringBoard Member
Eric AndersonBoard Member
Michael CopaBoard Member
Michael ShepardBoard Member
Mike SturdivantBoard Member
Molly RutzickBoard Member
Neil KolatkarBoard Member
Scott GrahamBoard Member
Tom PiersonBoard Member
Brian DusbiberSecretary
Rachel RiceTreasurer
Jason KenleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,331,743
Investment Income
$73,472
Other Revenue
$186,664
Change in Net Assets
$632,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,591,879
Revenue Not Reported on Form 990
$-55,401
Total Revenue per Audited Statements
$4,536,478
Total Revenue per Form 990
$4,591,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,918,629
Salaries, Compensation, and Employee Benefits$1,040,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,301,087--$1,301,087
Depreciation Depletion$968,611--$968,611
Other Salaries and Wages$629,445--$629,445
Fees for Services Other$22,080$198,714-$220,794
Current Officers, Directors, Trustees, and Key Employees$102,994$102,994-$205,988
Occupancy$115,056--$115,056
Other Employee Benefits$83,724$9,302-$93,026
Payroll Taxes$64,176$8,241-$72,417
Pension Plan Contributions$35,974$3,997-$39,971
All Other Expenses$6,478$19,029-$25,507
Other Expenses$13,055--$13,055
Advertising-$12,789-$12,789
Office Expenses$549$10,426-$10,975
Fees for Services Accounting$5,820$3,880-$9,700
Travel$176$3,340-$3,516
Conferences and Meetings$1,045$1,046-$2,091
Total Functional Expenses$3,585,718$373,758$0$3,959,476

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,964,429
Total Expenses per Form 990$3,959,476
Expenses per Audited Statements$3,959,326
Expenses Not Reported on Form 990$5,103
Expenses Not Reported on Financial Statements$150
Other Expense Adjustments$150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$57,078

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Minneapolis Series 20142014-08-21$24,435,000-
CCity of Minneapolis Series 20182018-06-11$19,450,000-
ACity of Minneapolis2003-10-28$7,200,000TO BUILD STUDENT HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----
C----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The treasurer of the board of directors reviews and approves the form 990, and presents his actions to the board of directors.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is discussed and reaffirmed annually as part of the board's annual meeting.”

Form 990, Page 6, Part VI, Line 15A

“The executive director position is reviewed annually by a committee of the board. Input is solicited from a variety of board members, coop members, other staff and significant stakeholders. The salary range was established with the assistance of an outside consultant and is adjusted annually to reflect salary survey data for comparable executive/management positions in the minneapolis/st. Paul area based on the most recent bls (bureau of labor statistics) national compensation survey.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Riverton Community Housing
EIN
23-7259966
Phone
6123313911
Address
425 13TH AVE SE, MINNEAPOLIS, MN 55414-2065

Signing Officer

Name
Gary Ellis
Title
Executive Director
Phone
6123313911
Signed
2018-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Ellis
Formed
1972
Legal Domicile
Mn
Voting Board Members
15
Independent Board Members
15
Employees
21
Volunteers
15

Preparer

Firm
Boyum Barenscheer
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Abigail J Smith
Phone
9528544244
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Losses reported on return -5,103 investment fee -150 loss on disposal 5,103 investment fee 150”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Investment fee -150 loss on disposal 5,103”

Schedule D, Page 4, Part XII, Line 4B

“INVESTMENT FEE 150”

Raw XML AppendixShowing 400 of 638 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0689552
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0693345
IRS990/AccountsReceivableGrp/BOYAmt0391907
IRS990/AccountsReceivableGrp/EOYAmt0360510
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO DEVELOP AND MAINTAIN QUALITY, STUDENT-ORIENTED HOUSING COMMUNITIES OPERATING ON A NON-PROFIT, DEMOCRATIC BASIS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt012789
IRS990/AdvertisingGrp/TotalAmt012789
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt019029
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06478
IRS990/AllOtherExpensesGrp/TotalAmt025507
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0GARY ELLIS
IRS990/BooksInCareOfDetail/PhoneNum06123313911
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0425 13TH AVENUE SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055414
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02866097
IRS990/CashNonInterestBearingGrp/EOYAmt01756573
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0102994
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0102994
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0205988
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01046
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01045
IRS990/ConferencesMeetingsGrp/TotalAmt02091
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt073472
IRS990/CYOtherExpensesAmt02918629
IRS990/CYOtherRevenueAmt0186664
IRS990/CYProgramServiceRevenueAmt04331743
IRS990/CYRevenuesLessExpensesAmt0632403
IRS990/CYSalariesCompEmpBnftPaidAmt01040847
IRS990/CYTotalExpensesAmt03959476
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04591879
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0968611
IRS990/DepreciationDepletionGrp/TotalAmt0968611
IRS990/Desc0TO PROVIDE HOUSING TO COLLEGE STUDENTS
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt021
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt03585718
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03880
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt05820
IRS990/FeesForServicesAccountingGrp/TotalAmt09700
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0198714
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt022080
IRS990/FeesForServicesOtherGrp/TotalAmt0220794
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0JAREN JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN DUSBIBER
IRS990/Form990PartVIISectionAGrp/PersonNm2RACHEL RICE
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIC ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL COPA
IRS990/Form990PartVIISectionAGrp/PersonNm5ALYSSA BRAATEN
IRS990/Form990PartVIISectionAGrp/PersonNm6NEIL KOLATKAR
IRS990/Form990PartVIISectionAGrp/PersonNm7MOLLY RUTZICK
IRS990/Form990PartVIISectionAGrp/PersonNm8BRIAN CIHACEK
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL SHEPARD
IRS990/Form990PartVIISectionAGrp/PersonNm10TOM PIERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11MIKE STURDIVANT
IRS990/Form990PartVIISectionAGrp/PersonNm12COURTNEY OVERBY
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON KENLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14SCOTT GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm15ELLEN DOERING
IRS990/Form990PartVIISectionAGrp/PersonNm16GARY ELLIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16146736
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-5103
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04596982
IRS990/GrossRentsGrp/RealAmt0114319
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0971868
IRS990/IntangibleAssetsGrp/EOYAmt01227461
IRS990/InterestGrp/ProgramServicesAmt01301087
IRS990/InterestGrp/TotalAmt01301087
IRS990/InvestmentIncomeGrp/ExclusionAmt078575
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt078575
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012767270
IRS990/LandBldgEquipBasisNetGrp/BOYAmt023573928
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025503207
IRS990/LandBldgEquipCostOrOtherBssAmt038270477
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt05103
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DEVELOP AND MAINTAIN QUALITY, STUDENT-ORIENTED HOUSING COMMUNITIES OPERATING ON A NON-PROFIT, DEMOCRATIC BASIS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01666264
IRS990/NetAssetsOrFundBalancesEOYAmt02238313
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5103
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5103
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0114319
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0114319
IRS990/NetUnrelatedBusTxblIncmAmt022271
IRS990/NetUnrlzdGainsLossesInvstAmt0-60354
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0115056
IRS990/OccupancyGrp/TotalAmt0115056
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010426
IRS990/OfficeExpensesGrp/ProgramServicesAmt0549
IRS990/OfficeExpensesGrp/TotalAmt010975
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04461865
IRS990/OtherAssetsTotalGrp/EOYAmt022967595
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09302
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt083724
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093026
IRS990/OtherExpensesGrp/Desc0OPERATING EXPENES
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc2BUILDING REPAIRS & MAINT
IRS990/OtherExpensesGrp/Desc3INCOME TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0130872
IRS990/OtherExpensesGrp/ProgramServicesAmt179300
IRS990/OtherExpensesGrp/ProgramServicesAmt225276
IRS990/OtherExpensesGrp/ProgramServicesAmt313055
IRS990/OtherExpensesGrp/TotalAmt0130872
IRS990/OtherExpensesGrp/TotalAmt179300
IRS990/OtherExpensesGrp/TotalAmt225276
IRS990/OtherExpensesGrp/TotalAmt313055
IRS990/OtherLiabilitiesGrp/BOYAmt057378
IRS990/OtherLiabilitiesGrp/EOYAmt057078
IRS990/OtherRevenueMiscGrp/BusinessCd0531190
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1CAM EXPENSES
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050004
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15259
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050004
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt117082
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt25259
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt017082
IRS990/OtherRevenueTotalAmt072345
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0629445
IRS990/OtherSalariesAndWagesGrp/TotalAmt0629445
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08241
IRS990/PayrollTaxesGrp/ProgramServicesAmt064176
IRS990/PayrollTaxesGrp/TotalAmt072417
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03997
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035974
IRS990/PensionPlanContributionsGrp/TotalAmt039971
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022529
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023390
IRS990/PrincipalOfficerNm0GARY ELLIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc14TH STREET APARTMENTS
IRS990/ProgramServiceRevenueGrp/Desc2CHATEAU STUDENT HOUSING
IRS990/ProgramServiceRevenueGrp/Desc3FRANKLIN STUDENT HOUSING
IRS990/ProgramServiceRevenueGrp/Desc4COLE TOWNHOMES, MINNEAPOLIS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01124538
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1832134
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2731336
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3674604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4651919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01124538
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1832134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2731336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3674604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4651919
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt042932
IRS990/PYOtherExpensesAmt02788040
IRS990/PYOtherRevenueAmt0674795
IRS990/PYProgramServiceRevenueAmt04263739
IRS990/PYRevenuesLessExpensesAmt01185797
IRS990/PYSalariesCompEmpBnftPaidAmt01007629
IRS990/PYTotalExpensesAmt03795669
IRS990/PYTotalRevenueAmt04981466
IRS990/ReconcilationRevenueExpnssAmt0632403
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0114319
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01666264
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02238313
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt078575
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042932
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt028718
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022540
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050862
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0223627
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04387006
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04818484
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03984539
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03092393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03140143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt019422565
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt078575
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042932
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt028718
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022540
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0223627
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt022271
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt025244
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt047515
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98620
IRS990ScheduleA/PublicSupportPY509Pct00.99110
IRS990ScheduleA/PublicSupportTotal509Amt019422565
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04387006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04818484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03984539
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03092393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03140143
IRS990ScheduleA/Total509Grp/TotalAmt019422565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04487852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04886660
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04013257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03114933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03191005
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019693707
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt022315015
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012703873
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035018888
IRS990ScheduleD/EquipmentGrp/BookValueAmt039463

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,838,736
Liabilities
$49,600,423
Net assets
$2,238,313
Revenue
$4,591,879
Expenses
$3,959,476
Net income
$632,403
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.1$43.9$4.20$6.51$6.17$0.34
2023Detailed filing. Detailed filing data is available for this year.$50.7$46.4$4.31$6.44$6.50$0.06
2022Detailed filing. Detailed filing data is available for this year.$51.0$46.7$4.33$6.17$5.84$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.8$48.8$3.93$6.52$5.45$1.08
2020Detailed filing. Detailed filing data is available for this year.$52.2$49.3$2.88$6.17$5.66$0.51
2019Detailed filing. Detailed filing data is available for this year.$52.3$50.0$2.33$5.05$5.02$0.02
2018Detailed filing. Detailed filing data is available for this year.$51.8$49.6$2.24$4.59$3.96$0.63
2017Detailed filing. Detailed filing data is available for this year.$32.3$30.6$1.67$4.98$3.80$1.19
2016Detailed filing. Detailed filing data is available for this year.$31.5$31.0$0.50$4.09$3.61$0.47
2015Detailed filing. Detailed filing data is available for this year.$31.5$31.5$0.03$3.11$3.68$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$19.9$0.27$2.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$20.2$0.07$2.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$20.4$0.09$2.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.4$31.7$0.28$2.91