Civic Intelligence

Homestead Place

990 • Fiscal year 2014 • EIN 45-0455374

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 09, 2015

Organization ProfileN/A
1405 1st Ave NGrand Forks, ND 58203

(701) 746-2545

Siviq Scores

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

Liabilities / Assets

38th percentile

0.54x

Higher debt load relative to assets than 38% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

2.95x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Net Margin

60th percentile

-8.1%

Higher net margin than 60% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$166,301

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 45.7% of source-year revenue.

2014 filings • NTEE L • $1M-$5M nonprofits • Source year 2014

Asset Growth

51st percentile

-2.6%

Faster asset growth than 51% of similar nonprofits.

2014 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

0.9%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$1,985,475

Down $52,268 (-2.6%) from 2013

Net Assets

Down

$911,930

Down $29,648 (-3.1%) from 2013

Liabilities

Down

$1,073,545

Down $22,620 (-2.1%) from 2013

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin60th percentile

Revenue

Up

$364,118

Up $3,244 (+0.9%) from 2013

Expenses

Up

$393,766

Up $40,904 (+12%) from 2013

Net Income

Down

-$29,648

Down $37,660 (-470%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,662,388Liabilities 2010: $709,394Net Assets 2010: $952,9942010Assets 2011: $2,116,480Liabilities 2011: $1,198,405Net Assets 2011: $918,0752011Assets 2012: $2,106,741Liabilities 2012: $1,173,175Net Assets 2012: $933,5662012Assets 2013: $2,037,743Liabilities 2013: $1,096,165Net Assets 2013: $941,5782013Assets 2014: $1,985,475Liabilities 2014: $1,073,545Net Assets 2014: $911,9302014Assets 2015: $1,940,266Liabilities 2015: $1,029,741Net Assets 2015: $910,5252015Assets 2016: $1,905,577Liabilities 2016: $1,006,115Net Assets 2016: $899,4622016Assets 2017: $1,850,595Liabilities 2017: $918,321Net Assets 2017: $932,2742017Assets 2018: $1,803,889Liabilities 2018: $829,088Net Assets 2018: $974,8012018Assets 2019: $1,767,357Liabilities 2019: $777,430Net Assets 2019: $989,9272019Assets 2020: $1,736,197Liabilities 2020: $724,157Net Assets 2020: $1,012,0402020Assets 2021: $1,761,038Liabilities 2021: $705,308Net Assets 2021: $1,055,7302021Assets 2022: $1,734,191Liabilities 2022: $688,401Net Assets 2022: $1,045,7902022Assets 2023: $1,709,253Liabilities 2023: $671,766Net Assets 2023: $1,037,4872023

Highlighted filing

2014

Assets$1,985,475
Liabilities$1,073,545
Net Assets$911,930
Open 2014 Filing

Operations Trend

Revenue Growth45th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $370,3952010Expenses 2011: $388,5392011Expenses 2012: $352,4622012Revenue 2013: $360,874Expenses 2013: $352,862Net Income 2013: $8,0122013Revenue 2014: $364,118Expenses 2014: $393,766Net Income 2014: -$29,6482014Revenue 2015: $369,058Expenses 2015: $370,463Net Income 2015: -$1,4052015Revenue 2016: $392,728Expenses 2016: $403,791Net Income 2016: -$11,0632016Revenue 2017: $419,809Expenses 2017: $386,997Net Income 2017: $32,8122017Revenue 2018: $407,179Expenses 2018: $364,652Net Income 2018: $42,5272018Revenue 2019: $410,523Expenses 2019: $395,397Net Income 2019: $15,1262019Revenue 2020: $417,930Expenses 2020: $395,556Net Income 2020: $22,3742020Revenue 2021: $423,679Expenses 2021: $379,989Net Income 2021: $43,6902021Revenue 2022: $432,803Expenses 2022: $442,743Net Income 2022: -$9,9402022Revenue 2023: $457,744Expenses 2023: $466,047Net Income 2023: -$8,3032023

Highlighted filing

2014

Revenue$364,118
Expenses$393,766
Net Income-$29,648
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 9, 2015
Return Version
2014v5.0
Gross Receipts
$364,118
Mission and Program Overview

Mission

To provide low income housing to eligible persons in grand forks, nd.

Provide low income housing to eligible persons in grand forks, nd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,428,241$1,421,571▼ $6,670
Savings and Temporary Cash Investments$443,975$396,792▼ $47,183
Cash and Non-Interest-Bearing Accounts$98,705$102,774▲ $4,069
Accounts Receivable$25,753$24,629▼ $1,124
Prepaid Expenses and Deferred Charges$6,807$6,704▼ $103
Total Assets$2,037,743$1,985,475▼ $52,268
Other Assets Total$34,262$33,005▼ $1,257
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,000,787$980,825▼ $19,962
Accounts Payable and Accrued Expenses$37,123$36,739▼ $384
Other Liabilities$25,550$24,788▼ $762
Deferred Revenue$19,741$21,482▲ $1,741
Unsecured Notes Loans Payable$12,964$9,711▼ $3,253
Total Liabilities$1,096,165$1,073,545▼ $22,620
Net Assets / Fund Balance
Unrestricted Net Assets$941,578$911,930▼ $29,648
Total Net Assets Fund Balance$941,578$911,930▼ $29,648
Total Liabilities and Net Assets / Fund Balance$2,037,743$1,985,475▼ $52,268

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,203,277$697,468$1,900,745
Land$185,852-$185,852
Equipment$32,442$55,637$88,079
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Curt KreunPresident
Joan JohnsonVice President
Duane HafnerDirector
Fayme Stringer-henryDirector
Garth RydlandDirector
Terry HansonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$242,430
Program Service Revenue
$120,953
Investment Income
$735
Other Revenue
$0
Change in Net Assets
$-29,648

Audited Revenue Reconciliation

Revenue per Audited Statements
$364,118
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$364,118
Total Revenue per Form 990
$364,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,766
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
Occupancy$112,263--$112,263
Depreciation Depletion$74,445--$74,445
Fees for Services Management$29,434--$29,434
Other Expenses$22,098$24,836-$22,098
Office Expenses-$12,894-$12,894
Fees for Services Legal$4,918--$4,918
Fees for Services Accounting-$3,250-$3,250
All Other Expenses$168$606-$774
Total Functional Expenses$352,180$41,586$0$393,766

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$394,032
Total Expenses per Form 990$393,766
Expenses per Audited Statements$393,180
Expenses Not Reported on Form 990$852
Expenses Not Reported on Financial Statements$586
Other Expense Adjustments$586
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
Special Assessments$14,424
Tenant Security Deposits$10,364
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Homestead place entered into an agreement with the housing authority of the city of grand forks, north dakota, to act as its agent in the operation of the project's properties and to make all collections for it. The management agreement provides for a monthly management fee of 9% of gross collections received during the month.”

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority to act on behalf of the governing body”

Form 990, Part VI, Section B, line 11

“The 990 is reviewed at a board meeting.”

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

“Board members are cognizant of the interest rules and upon discovery of potential conflicts, it is discussed among the board members and staff.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Homestead Place
EIN
45-0455374
Phone
7017462545
Address
1405 1ST AVE N, GRAND FORKS, ND 58203

Signing Officer

Name
Curt Kreun
Title
Chair
Phone
7017462545
Signed
2015-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curt Kreun
Formed
2000
Legal Domicile
Nd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Drees Riskey & Vallager LTD
Address
1405 Library Circle, Grand Forks, ND 58201
Preparer
Mark D Holm
Phone
7017464466
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The project is exempt from income taxes on exempt purpose income under section 501(c)(3) of the internal revenue code. The projects municipal corporate owner is also exempt from income taxes. The federal income tax returns of the project for the previous three years are subject to examination by the internal revenue service.”

Part XII, Line 2D - Other Adjustments:

“Expenses for intercompany transactions”

Part XII, Line 4B - Other Adjustments:

“Expenses for parent company not included in audit”

Raw XML AppendixShowing 400 of 443 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt037123
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt036739
IRS990/AccountsReceivableGrp/BOYAmt025753
IRS990/AccountsReceivableGrp/EOYAmt024629
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0606
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0168
IRS990/AllOtherExpensesGrp/TotalAmt0774
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HOMESTEAD PLACE
IRS990/BooksInCareOfDetail/PhoneNum07017462545
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01405 1ST AVE N
IRS990/BooksInCareOfDetail/USAddress/CityNm0GRAND FORKS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058201
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt098705
IRS990/CashNonInterestBearingGrp/EOYAmt0102774
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0242430
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0735
IRS990/CYOtherExpensesAmt0393766
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0120953
IRS990/CYRevenuesLessExpensesAmt0-29648
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0393766
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0364118
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt019741
IRS990/DeferredRevenueGrp/EOYAmt021482
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt074445
IRS990/DepreciationDepletionGrp/TotalAmt074445
IRS990/Desc0HOMESTEAD PLACE PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0352180
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03250
IRS990/FeesForServicesAccountingGrp/TotalAmt03250
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04918
IRS990/FeesForServicesLegalGrp/TotalAmt04918
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt029434
IRS990/FeesForServicesManagementGrp/TotalAmt029434
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt529795
IRS990/Form990PartVIISectionAGrp/PersonNm0CURT KREUN
IRS990/Form990PartVIISectionAGrp/PersonNm1DUANE HAFNER
IRS990/Form990PartVIISectionAGrp/PersonNm2GARTH RYDLAND
IRS990/Form990PartVIISectionAGrp/PersonNm3FAYME STRINGER-HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm4JOAN JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5TERRY HANSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5136506
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0242430
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0364118
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0735
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0735
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0753105
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01428241
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01421571
IRS990/LandBldgEquipCostOrOtherBssAmt02174676
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01000787
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0980825
IRS990/NetAssetsOrFundBalancesBOYAmt0941578
IRS990/NetAssetsOrFundBalancesEOYAmt0911930
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0112263
IRS990/OccupancyGrp/TotalAmt0112263
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012894
IRS990/OfficeExpensesGrp/TotalAmt012894
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt034262
IRS990/OtherAssetsTotalGrp/EOYAmt033005
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2BOOKKEEPING FEES
IRS990/OtherExpensesGrp/Desc3RESIDENT COORDINATOR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024836
IRS990/OtherExpensesGrp/ProgramServicesAmt059511
IRS990/OtherExpensesGrp/ProgramServicesAmt149343
IRS990/OtherExpensesGrp/ProgramServicesAmt222098
IRS990/OtherExpensesGrp/TotalAmt059511
IRS990/OtherExpensesGrp/TotalAmt149343
IRS990/OtherExpensesGrp/TotalAmt224836
IRS990/OtherExpensesGrp/TotalAmt322098
IRS990/OtherLiabilitiesGrp/BOYAmt025550
IRS990/OtherLiabilitiesGrp/EOYAmt024788
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06807
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06704
IRS990/PrincipalOfficerNm0CURT KREUN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0120953
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0120953
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0224777
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0869
IRS990/PYOtherExpensesAmt0352862
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0135228
IRS990/PYRevenuesLessExpensesAmt08012
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0352862
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0360874
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-29648
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0120953
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0443975
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0396792
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0242430
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0224777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0237132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0232050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0237879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01174268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01587
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02471
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0276
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08549
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0610925
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99280
IRS990ScheduleA/PublicSupportPY170Pct00.99380
IRS990ScheduleA/PublicSupportTotal170Amt01174268
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0242430
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0224777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0237132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0232050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0237879
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01174268
IRS990ScheduleA/TotalSupportAmt01182817
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01203277
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0697468
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01900745
IRS990ScheduleD/EquipmentGrp/BookValueAmt032442
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088079
IRS990ScheduleD/ExpensesNotReportedAmt0852
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0586
IRS990ScheduleD/ExpensesSubtotalAmt0393180
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0185852
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0185852
IRS990ScheduleD/OtherExpensesIncludedAmt0852
IRS990ScheduleD/OtherExpensesNotIncludedAmt0586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110364
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SPECIAL ASSESSMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0364118
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS EXEMPT FROM INCOME TAXES ON EXEMPT PURPOSE INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECTS MUNICIPAL CORPORATE OWNER IS ALSO EXEMPT FROM INCOME TAXES. THE FEDERAL INCOME TAX RETURNS OF THE PROJECT FOR THE PREVIOUS THREE YEARS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSES FOR INTERCOMPANY TRANSACTIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES FOR PARENT COMPANY NOT INCLUDED IN AUDIT
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01421571
IRS990ScheduleD/TotalExpensesPerForm990Amt0393766
IRS990ScheduleD/TotalLiabilityAmt024788
IRS990ScheduleD/TotalRevenuePerForm990Amt0364118
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0364118
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0394032
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0136506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt014785
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt015010
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TERRY HANSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0166301
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOMESTEAD PLACE ENTERED INTO AN AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF GRAND FORKS, NORTH DAKOTA, TO ACT AS ITS AGENT IN THE OPERATION OF THE PROJECT'S PROPERTIES AND TO MAKE ALL COLLECTIONS FOR IT. THE MANAGEMENT AGREEMENT PROVIDES FOR A MONTHLY MANAGEMENT FEE OF 9% OF GROSS COLLECTIONS RECEIVED DURING THE MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE COGNIZANT OF THE INTEREST RULES AND UPON DISCOVERY OF POTENTIAL CONFLICTS, IT IS DISCUSSED AMONG THE BOARD MEMBERS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRAND FORKS HOUSING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0450309980
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE HOUSING TO LOW INCOME FAMILIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01405 1ST AVE NORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GRAND FORKS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd058203
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0ND
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02037743
IRS990/TotalAssetsEOYAmt01985475
IRS990/TotalAssetsGrp/BOYAmt02037743
IRS990/TotalAssetsGrp/EOYAmt01985475
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0242430
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt041586
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0352180
IRS990/TotalFunctionalExpensesGrp/TotalAmt0393766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01096165
IRS990/TotalLiabilitiesEOYAmt01073545
IRS990/TotalLiabilitiesGrp/BOYAmt01096165
IRS990/TotalLiabilitiesGrp/EOYAmt01073545
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0941578
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0911930
IRS990/TotalOtherCompensationAmt029795
IRS990/TotalProgramServiceExpensesAmt0352180
IRS990/TotalProgramServiceRevenueAmt0120953
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0735
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0120953
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364118
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02037743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01985475
IRS990/TotReportableCompRltdOrgAmt0136506
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,985,475
Liabilities
$1,073,545
Net assets
$911,930
Revenue
$364,118
Expenses
$393,766
Net income
-$29,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.67$1.04$0.46$0.47$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.69$1.05$0.43$0.44$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.76$0.71$1.06$0.42$0.38$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.72$1.01$0.42$0.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.78$0.99$0.41$0.40$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.80$0.83$0.97$0.41$0.36$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.85$0.92$0.93$0.42$0.39$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.91$1.01$0.90$0.39$0.40$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.94$1.03$0.91$0.37$0.37$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.99$1.07$0.91$0.36$0.39$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.04$1.10$0.94$0.36$0.35$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$1.17$0.93$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$1.20$0.92$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.71$0.95$0.37