Civic Intelligence

Multi-County Builders

990 • Fiscal year 2023 • EIN 41-1824119

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 12, 2024

134 East Second StreetWabasha, MN 55981

(651) 565-2638

Siviq Scores

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

Liabilities / Assets

90th percentile

0.72x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

3.19x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

29th percentile

-5.3%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$89,816

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

17th percentile

-7.1%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

19%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,906,350

Down $222,184 (-7.1%) from 2022

Net Assets

Down

$820,880

Down $14,043 (-1.7%) from 2022

Liabilities

Down

$2,085,470

Down $208,141 (-9.1%) from 2022

Revenue

Up

$653,222

Up $102,737 (+19%) from 2022

Expenses

Up

$687,758

Up $73,407 (+12%) from 2022

Net Income

Up

-$34,536

Up $29,330 (+46%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,431,949Liabilities 2011: $2,285,844Net Assets 2011: $146,1052011Assets 2012: $2,377,612Liabilities 2012: $2,247,036Net Assets 2012: $130,5762012Assets 2013: $2,415,867Liabilities 2013: $2,257,094Net Assets 2013: $158,7732013Assets 2014: $2,185,407Liabilities 2014: $2,054,532Net Assets 2014: $130,8752014Assets 2015: $2,144,527Liabilities 2015: $1,973,163Net Assets 2015: $171,3642015Assets 2016: $2,116,538Liabilities 2016: $1,920,818Net Assets 2016: $195,7202016Assets 2017: $2,282,917Liabilities 2017: $2,027,833Net Assets 2017: $255,0842017Assets 2018: $2,278,956Liabilities 2018: $1,978,589Net Assets 2018: $300,3672018Assets 2019: $2,288,588Liabilities 2019: $1,914,836Net Assets 2019: $373,7522019Assets 2020: $2,327,961Liabilities 2020: $1,841,870Net Assets 2020: $486,0912020Assets 2021: $3,247,191Liabilities 2021: $2,348,402Net Assets 2021: $898,7892021Assets 2022: $3,128,534Liabilities 2022: $2,293,611Net Assets 2022: $834,9232022Assets 2023: $2,906,350Liabilities 2023: $2,085,470Net Assets 2023: $820,8802023Assets 2024: $2,846,431Liabilities 2024: $2,059,849Net Assets 2024: $786,5822024

Highlighted filing

2023

Assets$2,906,350
Liabilities$2,085,470
Net Assets$820,880

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $360,989Expenses 2011: $379,613Net Income 2011: -$18,6242011Revenue 2012: $367,966Expenses 2012: $383,495Net Income 2012: -$15,5292012Revenue 2013: $394,470Expenses 2013: $366,273Net Income 2013: $28,1972013Revenue 2014: $395,072Expenses 2014: $422,969Net Income 2014: -$27,8972014Revenue 2015: $406,525Expenses 2015: $366,036Net Income 2015: $40,4892015Revenue 2016: $394,857Expenses 2016: $370,502Net Income 2016: $24,3552016Revenue 2017: $438,978Expenses 2017: $379,614Net Income 2017: $59,3642017Revenue 2018: $454,151Expenses 2018: $388,747Net Income 2018: $65,4042018Revenue 2019: $486,040Expenses 2019: $412,655Net Income 2019: $73,3852019Revenue 2020: $537,595Expenses 2020: $425,256Net Income 2020: $112,3392020Revenue 2021: $1,084,114Expenses 2021: $671,416Net Income 2021: $412,6982021Revenue 2022: $550,485Expenses 2022: $614,351Net Income 2022: -$63,8662022Revenue 2023: $653,222Expenses 2023: $687,758Net Income 2023: -$34,5362023Revenue 2024: $613,097Expenses 2024: $647,699Net Income 2024: -$34,6022024

Highlighted filing

2023

Revenue$653,222
Expenses$687,758
Net Income-$34,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 12, 2024
Return Version
2023v5.1
Gross Receipts
$653,222
Mission and Program Overview

Mission

To provide subsidized housing for low income people.

Provide subsidized housing for people with low to moderate income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,210,504$2,178,527▼ $31,977
Investments Program Related$647,407$589,323▼ $58,084
Other Notes and Loans Receivable, Net$154,563--
Accounts Receivable$31,543$41,227▲ $9,684
Investments Other Securities-$37,000-
Savings and Temporary Cash Investments$23,865$27,018▲ $3,153
Intangible Assets$20,486$19,412▼ $1,074
Cash and Non-Interest-Bearing Accounts$3,166$13,843▲ $10,677
Total Assets$3,128,534$2,906,350▼ $222,184
Other Assets Total$37,000--
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,058,500$2,004,610▼ $53,890
Other Liabilities$204,538--
Accounts Payable and Accrued Expenses$6,708$51,580▲ $44,872
Escrow Account Liability$23,865$27,018▲ $3,153
Deferred Revenue-$2,262-
Total Liabilities$2,293,611$2,085,470▼ $208,141
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$834,923$820,880▼ $14,043
Total Net Assets Fund Balance$834,923$820,880▼ $14,043
Total Liabilities and Net Assets / Fund Balance$3,128,534$2,906,350▼ $222,184

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,032,419$1,918,749$3,951,168
Equipment$54,663$154,909$209,572
Land$91,445-$91,445
Investment Program Related Org$149,454--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bobbi WillersExecutive Director$89,816$89,816
Kelly DittrichSecretary$57,361$57,361

Board Members and Trustees

NameTitle
Cheryl KeyPresident
Brad AndersonDirector
Rich HallDirector
Rodney PetersonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$538,187
Investment Income
$10,166
Other Revenue
$104,869
Change in Net Assets
$-34,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$609,759
Salaries, Compensation, and Employee Benefits$77,999
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$149,736--$149,736
Occupancy$90,465--$90,465
Interest$75,813--$75,813
Other Salaries and Wages$36,361$22,801-$59,162
Fees for Services Management-$44,571-$44,571
Insurance$28,627--$28,627
Office Expenses-$12,599-$12,599
Other Employee Benefits$7,424$3,823-$11,247
Pension Plan Contributions$3,755$2,135-$5,890
Fees for Services Accounting-$3,358-$3,358
Other Expenses$2,074--$2,074
Payroll Taxes-$1,700-$1,700
Travel$805--$805
Fees for Services Legal-$256-$256
Advertising-$30-$30
Total Functional Expenses$596,485$91,273$0$687,758
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The management and operation of the low to moderate income housing owned by mcb is performed by the se mn multi-county hra (semmchra).

Form 990, Part VI, Section B, Line 11B

Mcb board of directors reviews/ approves the tax return at their annual meeting.

Form 990, Part VI, Section B, Line 12C

Monitored by the executive committee during board meetings when board action is taken.

Form 990, Part VI, Section C, Line 19

Upon request at semmchra's offices in wabasha, mn.

Filing and Contact Details

Filer

Filer Name
Multi-county Builders
EIN
41-1824119
Phone
6515652638
Address
134 EAST SECOND STREET, WABASHA, MN 55981

Signing Officer

Name
Bobbi Willers
Title
Executive Director
Phone
6515652638
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bobbi Willers
Formed
1995
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Brian Opsahl
Phone
7017754685
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

This process has not changed from the prior year.

Raw XML AppendixShowing 400 of 420 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.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04880
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04394
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04626
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt019186
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0538187
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0550849
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01084114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0528321
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0481414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03182885
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04394
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04626
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt019186
IRS990ScheduleA/InvestmentIncomeCYPct00.00590
IRS990ScheduleA/InvestmentIncomePYPct00.00300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt021292
IRS990ScheduleA/OtherIncome509Grp/TotalAmt021292
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98750
IRS990ScheduleA/PublicSupportPY509Pct00.99700
IRS990ScheduleA/PublicSupportTotal509Amt03187765
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0538187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0550849
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01084114
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0533201
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0481414
IRS990ScheduleA/Total509Grp/TotalAmt03187765
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0569645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0550849
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01084114
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0537595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0486040
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03228243
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02032419
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01918749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03951168
IRS990ScheduleD/EquipmentGrp/BookValueAmt054663
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154909
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0209572
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0409069
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt130800
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2149454
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REPAIR & REPLACEMENT RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1DEBT SERVICE RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OPERATING RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt091445
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt091445
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02178527
IRS990ScheduleD/TotalBookValueProgramRltdAmt0589323
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT AND OPERATION OF THE LOW TO MODERATE INCOME HOUSING OWNED BY MCB IS PERFORMED BY THE SE MN MULTI-COUNTY HRA (SEMMCHRA).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MCB BOARD OF DIRECTORS REVIEWS/ APPROVES THE TAX RETURN AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY THE EXECUTIVE COMMITTEE DURING BOARD MEETINGS WHEN BOARD ACTION IS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST AT SEMMCHRA'S OFFICES IN WABASHA, MN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03128534
IRS990/TotalAssetsEOYAmt02906350
IRS990/TotalAssetsGrp/BOYAmt03128534
IRS990/TotalAssetsGrp/EOYAmt02906350
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0596485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0687758
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02293611
IRS990/TotalLiabilitiesEOYAmt02085470
IRS990/TotalLiabilitiesGrp/BOYAmt02293611
IRS990/TotalLiabilitiesGrp/EOYAmt02085470
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0834923
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0820880
IRS990/TotalOtherCompensationAmt038899
IRS990/TotalProgramServiceExpensesAmt0596485
IRS990/TotalProgramServiceRevenueAmt0538187
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010166
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0643056
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0653222
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03128534
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02906350
IRS990/TotReportableCompRltdOrgAmt0108278
IRS990/TravelGrp/ProgramServicesAmt0805
IRS990/TravelGrp/TotalAmt0805
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0134 EAST SECOND STREET
IRS990/USAddress/CityNm0WABASHA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055981
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SEMMCHRA.ORG
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd01
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BOBBI WILLERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06515652638
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MULTI-COUNTY BUILDERS
ReturnHeader/Filer/BusinessNameControlTxt0MULT
ReturnHeader/Filer/EIN0411824119

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$2.06$0.79$0.61$0.65$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.91$2.09$0.82$0.65$0.69$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$2.29$0.83$0.55$0.61$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$2.35$0.90$1.08$0.67$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.33$1.84$0.49$0.54$0.43$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$1.91$0.37$0.49$0.41$0.07
2018Summary only. Only limited summary data is available for this year.$2.28$1.98$0.30$0.45$0.39$0.07
2017Summary only. Only limited summary data is available for this year.$2.28$2.03$0.26$0.44$0.38$0.06
2016Summary only. Only limited summary data is available for this year.$2.12$1.92$0.20$0.39$0.37$0.02
2015Summary only. Only limited summary data is available for this year.$2.14$1.97$0.17$0.41$0.37$0.04
2014Summary only. Only limited summary data is available for this year.$2.19$2.05$0.13$0.40$0.42$0.03
2013Summary only. Only limited summary data is available for this year.$2.42$2.26$0.16$0.39$0.37$0.03
2012Summary only. Only limited summary data is available for this year.$2.38$2.25$0.13$0.37$0.38$0.02
2011Summary only. Only limited summary data is available for this year.$2.43$2.29$0.15$0.36$0.38$0.02