Civic Intelligence

Minneota Housing Corporation

EIN 41-1232606 • 501(c)4 • Canby, MN

Profile

Provide low income housing

108 St Olaf Avenue NorthCanby, MN 56220
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

0.12x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Net Margin

39th percentile

-3.2%

Higher net margin than 39% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2025

Top Officer Pay

95th percentile

$23,994

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2025

Asset Growth

44th percentile

-4.4%

Faster asset growth than 44% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

58th percentile

3.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$191,016

Down $8,756 (-4.4%) from 2024

Liabilities

Down

$17,012

Down $4,061 (-19%) from 2024

Net Assets

Down

$174,004

Down $4,695 (-2.6%) from 2024

Operations
Liabilities / Revenue81st percentileNet Margin39th percentile

Revenue

Up

$146,564

Up $4,444 (+3.1%) from 2024

Expenses

Up

$151,259

Up $19,196 (+15%) from 2024

Net Income

Down

-$4,695

Down $14,752 (-147%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2010: $302,994Liabilities 2010: $133,683Net Assets 2010: $169,3112010Assets 2011: $308,697Liabilities 2011: $128,310Net Assets 2011: $180,3872011Assets 2012: $319,086Liabilities 2012: $121,974Net Assets 2012: $197,1122012Assets 2013: $316,661Liabilities 2013: $115,391Net Assets 2013: $201,2702013Assets 2014: $333,653Liabilities 2014: $107,877Net Assets 2014: $225,7762014Assets 2015: $312,157Liabilities 2015: $100,061Net Assets 2015: $212,0962015Assets 2016: $300,542Liabilities 2016: $93,060Net Assets 2016: $207,4822016Assets 2017: $281,847Liabilities 2017: $82,793Net Assets 2017: $199,0542017Assets 2018: $264,865Liabilities 2018: $75,801Net Assets 2018: $189,0642018Assets 2019: $237,831Liabilities 2019: $66,072Net Assets 2019: $171,7592019Assets 2020: $223,763Liabilities 2020: $52,723Net Assets 2020: $171,0402020Assets 2021: $211,754Liabilities 2021: $46,253Net Assets 2021: $165,5012021Assets 2022: $205,654Liabilities 2022: $39,141Net Assets 2022: $166,5132022Assets 2023: $190,639Liabilities 2023: $21,997Net Assets 2023: $168,6422023Assets 2024: $199,772Liabilities 2024: $21,073Net Assets 2024: $178,6992024Assets 2025: $191,016Liabilities 2025: $17,012Net Assets 2025: $174,0042025

Highlighted filing

2025

Assets$191,016
Liabilities$17,012
Net Assets$174,004
Open 2025 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2010: $179,943Expenses 2010: $94,653Net Income 2010: $85,2902010Revenue 2011: $113,672Expenses 2011: $102,596Net Income 2011: $11,0762011Revenue 2012: $120,845Expenses 2012: $104,120Net Income 2012: $16,7252012Revenue 2013: $116,017Expenses 2013: $111,860Net Income 2013: $4,1572013Revenue 2014: $134,685Expenses 2014: $110,179Net Income 2014: $24,5062014Revenue 2015: $104,010Expenses 2015: $117,690Net Income 2015: -$13,6802015Revenue 2016: $114,536Expenses 2016: $119,150Net Income 2016: -$4,6142016Revenue 2017: $112,894Expenses 2017: $121,322Net Income 2017: -$8,4282017Revenue 2018: $121,362Expenses 2018: $131,352Net Income 2018: -$9,9902018Revenue 2019: $117,988Expenses 2019: $135,293Net Income 2019: -$17,3052019Revenue 2020: $126,521Expenses 2020: $127,240Net Income 2020: -$7192020Revenue 2021: $116,201Expenses 2021: $121,740Net Income 2021: -$5,5392021Revenue 2022: $132,569Expenses 2022: $131,557Net Income 2022: $1,0122022Revenue 2023: $135,199Expenses 2023: $133,070Net Income 2023: $2,1292023Revenue 2024: $142,120Expenses 2024: $132,063Net Income 2024: $10,0572024Revenue 2025: $146,564Expenses 2025: $151,259Net Income 2025: -$4,6952025

Highlighted filing

2025

Revenue$146,564
Expenses$151,259
Net Income-$4,695
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$191,016
Liabilities
$17,012
Net assets
$174,004
Revenue
$146,564
Expenses
$151,259
Net income
-$4,695
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.91$0.17$1.74$1.47$1.51$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.21$1.79$1.42$1.32$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.22$1.69$1.35$1.33$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.06$0.39$1.67$1.33$1.32$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.46$1.66$1.16$1.22$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.53$1.71$1.27$1.27$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.66$1.72$1.18$1.35$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.65$0.76$1.89$1.21$1.31$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.82$0.83$1.99$1.13$1.21$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.93$2.07$1.15$1.19$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.12$1.00$2.12$1.04$1.18$0.14
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.34$1.08$2.26$1.35$1.10$0.25
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.17$1.15$2.01$1.16$1.12$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$1.22$1.97$1.21$1.04$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$1.28$1.80$1.14$1.03$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$1.34$1.69$1.80$0.95$0.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Feb 4, 2026
Return Version
2025v4.0
Gross Receipts
$146,564
Mission and Program Overview

Mission

Provide low income housing

Program Services

DescriptionGrantsExpenses
TO PROVIDE LOW INCOME HOUSING TO TENANTS WHO QUALIFY-$124,171
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NANCY BORMANNManagerPT$23,994-$23,994
KEVIN ANUNDSONDirector-Secretary-$0--
BILL UFKINDirector-$0--
ERIC BOTChairman Of Board-$0--
BRADLEY MINNEHANDirector-$0--
JD PESCHDirector-$0--
DOUG DESMETVice Chair-$0--
Filing and Contact Details

Filer

Filer Name
Minneota Housing Corporation
EIN
41-1232606
In Care Of
% ERIC BOT
Phone
5072237869
Address
108 ST OLAF AVENUE NORTH, CANBY, MN 56220

Signing Officer

Name
Eric Bot
Title
Manager
Phone
5072237869
Signed
2026-02-04
Discuss with paid preparer
Yes

Preparer

Firm
Nancy M Bormann PA
Address
108 St Olaf Avenue North, Canby, MN 56220
Preparer
Nancy Bormann
Phone
5072237869
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountDepreciation from 4562 22,837OVERAGES 3,938OFFICE EXPENSE 290ADVERTISING 45INTEREST 160”

Description of other assets Part II line 24

“Category Beginning of Year End of YearACCOUNTS RECEIVABLE 834 2,347PREPAID INSURANCE 2,969 4,229”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearACCOUNTS PAYABLE 17,201 13,264NOTES PAYABLE 3,872 3,748”

Raw XML Appendix176 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
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0178699
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0174004
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0178699
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KEVIN ANUNDSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BILL UFKIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ERIC BOT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3NANCY BORMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BRADLEY MINNEHAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JD PESCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DOUG DESMET
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR-SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIRMAN OF BOARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MANAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6VICE CHAIR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03803
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06576
IRS990EZ/OtherExpensesTotalAmt027270
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE LOW INCOME HOUSING
IRS990EZ/ProgramServiceRevenueAmt0145106
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE LOW INCOME HOUSING TO TENANTS WHO QUALIFY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0124171
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt010620
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountDepreciation from 4562 22,837OVERAGES 3,938OFFICE EXPENSE 290ADVERTISING 45INTEREST 160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearACCOUNTS RECEIVABLE 834 2,347PREPAID INSURANCE 2,969 4,229
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum05072237869
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-04
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ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411232606
ReturnHeader/Filer/InCareOfNm0% ERIC BOT
ReturnHeader/Filer/PhoneNum05072237869
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260014504
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Canby
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerPersonGrp/PhoneNum05072237869
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NANCY BORMANN
ReturnHeader/ReturnTs02026-02-06T11:27:51-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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