Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
New London Housing Inc
EIN 41-0990479 • 501(c)4 • New London, MN
Profile
Low rent housing for elderly, handicapped, and low income persons
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.31x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
65th percentile
Faster revenue growth than 65% of similar nonprofits.
Balance Sheet
Assets
Up$303,053
Up $20,522 (+7.3%) from 2023
Liabilities
Down$92,803
Down $3,927 (-4.1%) from 2023
Net Assets
Up$210,250
Up $24,449 (+13%) from 2023
Revenue
Up$170,069
Up $12,277 (+7.8%) from 2023
Expenses
Down$145,620
Down $11,682 (-7.4%) from 2023
Net Income
Up$24,449
Up $23,959 (+4890%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $303,053
- Liabilities
- $92,803
- Net assets
- $210,250
- Revenue
- $170,069
- Expenses
- $145,620
- Net income
- $24,449
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 9, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $170,069
Mission and Program Overview
Mission
Low rent housing for elderly, handicapped, and low income persons
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDED RENTAL AND RENTAL ASSISTANCE FOR ELDERLY, HANDICAPPED AND LOW INCOME PERSONS. | - | $115,417 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHN BERGMAN | Member | - | $0 | - | - |
| MELISSA RADEL | Secretary | - | $0 | - | - |
| KELLY BAETH | President | - | $0 | - | - |
| BARB GJERDE | Member | - | $0 | - | - |
| COLE LEISER | Vice Preside | - | $0 | - | - |
| GREG KELLY | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- New London Housing Inc
- EIN
- 41-0990479
- Phone
- 3202696640
- Address
- 10 1ST AVENUE NW, NEW LONDON, MN 56273
Signing Officer
- Name
- Kelly Baeth
- Title
- President
- Phone
- 3202696640
- Signed
- 2025-05-09
Preparer
- Firm
- Hoffman & Brobst Pllp
- Address
- PO BOX 548, MARSHALL, MN 56258
- Preparer
- Stacy Schwartz
- Phone
- 5075325735
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 328 interest 171 background check 68 bank service charges 45 electricity 8,529 furniture & furnishing 9,805 garbage 3,599 grounds 620 insurance 19,460 lt improve - capital repl 9,274 maintenance-contracted se 4,225 maintenance-payroll costs 10,293 maintenance-supplies 2,719 management fees 21,356 other administrative expe 62 other site management 7,781 other taxes 150 overages 3,082 painting & decorating 502 real estate taxes 16,140 salt 2,716 security deposit interest 293 sewer 9,977 snow removal 763 water 6,327 tenant utility allowance 162 total 138,447”
Form 990-ez, Part II, Line 26
“Security deposits 10,873 12,199 mortgage and other notes payable 85,857 80,604”
Form 990-ez, Part III
“Low rent housing for elderly, handicapped, and low income persons”
Raw XML Appendix114 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | VAN BINSBERGEN & ASSOCIATES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3202696640 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 540 SOUTH 1ST STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MONTEVIDEO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 56265 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 219094 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 246165 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 24449 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 625 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 282531 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 303053 |
| IRS990EZ/GrossReceiptsAmt | 0 | 170069 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 373 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 63437 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 56888 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 185801 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 210250 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 185801 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 210250 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6548 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOHN BERGMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MELISSA RADEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KELLY BAETH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BARB GJERDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | COLE LEISER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | GREG KELLY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 138447 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | LOW RENT HOUSING FOR ELDERLY, HANDICAPPED, AND LOW INCOME PERSONS |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 169696 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDED RENTAL AND RENTAL ASSISTANCE FOR ELDERLY, HANDICAPPED AND LOW INCOME PERSONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 115417 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 96730 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 92803 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 145620 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 115417 |
| IRS990EZ/TotalRevenueAmt | 0 | 170069 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 328 INTEREST 171 BACKGROUND CHECK 68 BANK SERVICE CHARGES 45 ELECTRICITY 8,529 FURNITURE & FURNISHING 9,805 GARBAGE 3,599 GROUNDS 620 INSURANCE 19,460 LT IMPROVE - CAPITAL REPL 9,274 MAINTENANCE-CONTRACTED SE 4,225 MAINTENANCE-PAYROLL COSTS 10,293 MAINTENANCE-SUPPLIES 2,719 MANAGEMENT FEES 21,356 OTHER ADMINISTRATIVE EXPE 62 OTHER SITE MANAGEMENT 7,781 OTHER TAXES 150 OVERAGES 3,082 PAINTING & DECORATING 502 REAL ESTATE TAXES 16,140 SALT 2,716 SECURITY DEPOSIT INTEREST 293 SEWER 9,977 SNOW REMOVAL 763 WATER 6,327 TENANT UTILITY ALLOWANCE 162 TOTAL 138,447 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SECURITY DEPOSITS 10,873 12,199 MORTGAGE AND OTHER NOTES PAYABLE 85,857 80,604 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | LOW RENT HOUSING FOR ELDERLY, HANDICAPPED, AND LOW INCOME PERSONS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KELLY BAETH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3202696640 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NEW LONDON HOUSING INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NEWL |
| ReturnHeader/Filer/EIN | 0 | 410990479 |
| ReturnHeader/Filer/PhoneNum | 0 | 3202696640 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 10 1ST AVENUE NW |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEW LONDON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 56273 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410978542 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HOFFMAN & BROBST PLLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 548 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MARSHALL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 56258 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5075325735 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STACY SCHWARTZ |
| ReturnHeader/ReturnTs | 0 | 2025-05-20T17:52:10-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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