Civic Intelligence

Minnesota Attainable Housing Corporation

EIN 41-1657094 • 501(c)3 • Minneapolis, MN

Profile

To provide affordable, quality rental housing to lower income residents while providing the structure to impact the cost and quality of their living situations.

7645 Lyndale Ave SMinneapolis, MN 55423

n/A

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

123%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

0.3%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$12,613,110

Up $38,216 (+0.3%) from 2023

Liabilities

Down

$12,666,121

Down $37,452 (-0.3%) from 2023

Net Assets

Up

-$53,011

Up $75,668 (+59%) from 2023

Revenue

Down

-$41,065

Down $286,807 (-117%) from 2023

Expenses

Down

$9,560

Down $7,638 (-44%) from 2023

Net Income

Down

-$50,625

Down $279,169 (-122%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $325,733Net Assets 2010: $325,7332010Assets 2011: $343,516Net Assets 2011: $343,5162011Assets 2012: $342,863Net Assets 2012: $342,8632012Assets 2013: $405,603Liabilities 2013: $0Net Assets 2013: $405,6032013Assets 2014: $8,155,732Liabilities 2014: $7,764,222Net Assets 2014: $391,5102014Assets 2015: $8,109,849Liabilities 2015: $7,878,434Net Assets 2015: $231,4152015Assets 2016: $9,266,084Liabilities 2016: $9,258,547Net Assets 2016: $7,5372016Assets 2017: $12,890,024Liabilities 2017: $12,310,671Net Assets 2017: $579,3532017Assets 2018: $13,325,917Liabilities 2018: $12,960,589Net Assets 2018: $365,3282018Assets 2019: $13,272,004Liabilities 2019: $13,029,274Net Assets 2019: $242,7302019Assets 2020: $13,052,246Liabilities 2020: $12,892,056Net Assets 2020: $160,1902020Assets 2021: $12,787,767Liabilities 2021: $12,830,837Net Assets 2021: -$43,0702021Assets 2022: $12,473,074Liabilities 2022: $12,822,313Net Assets 2022: -$349,2392022Assets 2023: $12,574,894Liabilities 2023: $12,703,573Net Assets 2023: -$128,6792023Assets 2024: $12,613,110Liabilities 2024: $12,666,121Net Assets 2024: -$53,0112024

Highlighted filing

2024

Assets$12,613,110
Liabilities$12,666,121
Net Assets-$53,011

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2010: $7,380Expenses 2010: $512Net Income 2010: $6,8682010Revenue 2011: $9,104Expenses 2011: $10,394Net Income 2011: -$1,2902011Revenue 2012: $19,702Expenses 2012: $20,355Net Income 2012: -$6532012Revenue 2013: $67,672Expenses 2013: $4,932Net Income 2013: $62,7402013Revenue 2014: -$19,789Expenses 2014: $6,151Net Income 2014: -$25,9402014Revenue 2015: -$83,517Expenses 2015: $8,315Net Income 2015: -$91,8322015Revenue 2016: -$114,545Expenses 2016: $26,300Net Income 2016: -$140,8452016Revenue 2017: $495,054Expenses 2017: $85,133Net Income 2017: $409,9212017Revenue 2018: $306,750Expenses 2018: $458,793Net Income 2018: -$152,0432018Revenue 2019: $62,967Expenses 2019: $132,367Net Income 2019: -$69,4002019Revenue 2020: $77,192Expenses 2020: $106,346Net Income 2020: -$29,1542020Revenue 2021: -$62,163Expenses 2021: $90,032Net Income 2021: -$152,1952021Revenue 2022: -$229,823Expenses 2022: $24,260Net Income 2022: -$254,0832022Revenue 2023: $245,742Expenses 2023: $17,198Net Income 2023: $228,5442023Revenue 2024: -$41,065Expenses 2024: $9,560Net Income 2024: -$50,6252024

Highlighted filing

2024

Revenue-$41,065
Expenses$9,560
Net Income-$50,625

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$12.7$0.05$0.04$0.01$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$12.7$0.13$0.25$0.02$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$12.8$0.35$0.23$0.02$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$12.8$0.04$0.06$0.09$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$12.9$0.16$0.08$0.11$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$13.0$0.24$0.06$0.13$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$13.0$0.37$0.31$0.46$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.9$12.3$0.58$0.50$0.09$0.41
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.27$9.26$0.01$0.11$0.03$0.14
2015Detailed filing. Detailed filing data is available for this year.$8.11$7.88$0.23$0.08$0.01$0.09
2014Detailed filing. Detailed filing data is available for this year.$8.16$7.76$0.39$0.02$0.01$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.07$0.00$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$0.02$0.02$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$0.01$0.01$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.33$0.01$0.00$0.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,798,841
Mission and Program Overview

Mission

To provide affordable, quality rental housing to lower income residents while providing the structure to impact the cost and quality of their living situations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,095,096$9,786,794▼ $308,302
Intangible Assets$945,522$909,683▼ $35,839
Cash and Non-Interest-Bearing Accounts$579,929$787,348▲ $207,419
Savings and Temporary Cash Investments$712,663$504,964▼ $207,699
Investments Other Securities$340,891$340,854▼ $37
Accounts Receivable$64,067$76,534▲ $12,467
Prepaid Expenses and Deferred Charges$33,441$50,739▲ $17,298
Total Assets$12,787,767$12,473,074▼ $314,693
Other Assets Total$16,158$16,158→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,221,835$11,925,272▼ $296,563
Accounts Payable and Accrued Expenses$513,728$797,143▲ $283,415
Other Liabilities$95,274$99,898▲ $4,624
Total Liabilities$12,830,837$12,822,313▼ $8,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-43,070$-349,239▼ $306,169
Total Net Assets Fund Balance$-43,070$-349,239▼ $306,169
Total Liabilities and Net Assets / Fund Balance$12,787,767$12,473,074▼ $314,693

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,591,083$1,980,106$10,571,189
Land$630,524-$630,524
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris StokkaPresident
David JuranBoard Member
Harold TeasdaleBoard Member
Kent SimonBoard Member
Shawn RasmussenBoard Member
Tyler ManningSecretary/tr
Chris ZuspannVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,461
Investment Income
$0
Other Revenue
$-232,284
Change in Net Assets
$-254,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$600-$600
Insurance$532--$532
Information Technology$254--$254
Other Expenses$228--$228
Total Functional Expenses$23,660$600$0$24,260
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
Refundable Security Deposits$79,429
Prepaid Resident Rent$20,469
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Reviewed by board chairman and executive director

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Minnesota Attainable Housing Corp
EIN
41-1657094
Address
7645 LYNDALE AVE S, MINNEAPOLIS, MN 55423
Doing Business As
Midwest Attainable Housing

Signing Officer

Name
Chris Stokka
Title
President
Phone
6122434665
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Stokka
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Murry & Associates LLC
Address
7575 GOLDEN VALLEY RD STE 119, GOLDEN VALLEY, MN 55427
Preparer
Patrick Murry
Phone
7635469340
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference -52,049

Raw XML Appendix359 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01980106
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IRS990ScheduleD/LandGrp/BookValueAmt0630524
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS STOKKA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06122434665
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA ATTAINABLE HOUSING CORP
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411657094
ReturnHeader/Filer/USAddress/AddressLine1Txt07645 LYNDALE AVE S
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055423
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461454776
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MURRY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07575 GOLDEN VALLEY RD STE 119
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOLDEN VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055427
ReturnHeader/PreparerPersonGrp/PhoneNum07635469340
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK MURRY
ReturnHeader/ReturnTs02023-11-15T19:14:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STOKKA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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