Civic Intelligence

The Housing Foundation

990 • Fiscal year 2016 • EIN 45-3244466

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Organization ProfileN/A
540 S 1st StMontevideo, MN 56265

(320) 269-6640

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.15x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

62nd percentile

6.0%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-5.0%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$945,933

Up $53,924 (+6.0%) from 2015

Net Assets

Up

$937,433

Up $53,924 (+6.1%) from 2015

Liabilities

Flat

$8,500

Flat from 2015

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin99th percentile

Revenue

Down

$54,916

Down $2,864 (-5.0%) from 2015

Expenses

Down

$992

Down $558 (-36%) from 2015

Net Income

Down

$53,924

Down $2,306 (-4.1%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$1.5M$1.0M$500K$0Assets 2013: $189,762Liabilities 2013: $4,500Net Assets 2013: $185,2622013Assets 2014: $835,779Liabilities 2014: $8,500Net Assets 2014: $827,2792014Assets 2015: $892,009Liabilities 2015: $8,500Net Assets 2015: $883,5092015Assets 2016: $945,933Liabilities 2016: $8,500Net Assets 2016: $937,4332016Assets 2017: $947,577Liabilities 2017: $3,500Net Assets 2017: $944,0772017Assets 2018: $978,739Liabilities 2018: $3,500Net Assets 2018: $975,2392018Assets 2019: $1,028,335Liabilities 2019: $1,500Net Assets 2019: $1,026,8352019Assets 2020: $1,073,088Liabilities 2020: $0Net Assets 2020: $1,073,0882020Assets 2021: $1,131,722Liabilities 2021: $0Net Assets 2021: $1,131,7222021Assets 2022: $1,178,743Liabilities 2022: $0Net Assets 2022: $1,178,7432022Assets 2023: $1,225,603Liabilities 2023: $0Net Assets 2023: $1,225,6032023Assets 2024: $1,270,244Liabilities 2024: $0Net Assets 2024: $1,270,2442024

Highlighted filing

2016

Assets$945,933
Liabilities$8,500
Net Assets$937,433
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

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

$800K$600K$400K$200K$0Revenue 2013: $189,111Expenses 2013: $4,225Net Income 2013: $184,8862013Revenue 2014: $646,501Expenses 2014: $4,484Net Income 2014: $642,0172014Revenue 2015: $57,780Expenses 2015: $1,550Net Income 2015: $56,2302015Revenue 2016: $54,916Expenses 2016: $992Net Income 2016: $53,9242016Revenue 2017: $7,554Expenses 2017: $910Net Income 2017: $6,6442017Revenue 2018: $31,760Expenses 2018: $598Net Income 2018: $31,1622018Revenue 2019: $51,646Expenses 2019: $50Net Income 2019: $51,5962019Revenue 2020: $47,523Expenses 2020: $695Net Income 2020: $46,8282020Revenue 2021: $59,304Expenses 2021: $670Net Income 2021: $58,6342021Revenue 2022: $47,893Expenses 2022: $872Net Income 2022: $47,0212022Revenue 2023: $47,600Expenses 2023: $740Net Income 2023: $46,8602023Revenue 2024: $46,041Expenses 2024: $1,400Net Income 2024: $44,6412024

Highlighted filing

2016

Revenue$54,916
Expenses$992
Net Income$53,924
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$54,916
Mission and Program Overview

Mission

To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$890,327$942,178▲ $51,851
Cash and Non-Interest-Bearing Accounts$1,682$3,755▲ $2,073
Total Assets$892,009$945,933▲ $53,924
Liabilities
Other Liabilities$8,500$8,500→ $0
Total Liabilities$8,500$8,500→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$883,509$937,433▲ $53,924
Total Net Assets Fund Balance$883,509$937,433▲ $53,924
Total Liabilities and Net Assets / Fund Balance$892,009$945,933▲ $53,924

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$204,605--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Greg WohlersPresident
Jon DreyerSecretary
Paula AsbraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$95
Other Revenue
$54,821
Change in Net Assets
$53,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$992
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-$850-$850
Fees for Services Legal-$117-$117
Other Expenses-$25-$25
Total Functional Expenses$0$992$0$992
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
Due to Van Binsbergen & Associates$8,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 tax return is available for review at the board meeting.”

Form 990, Page 6, Part VI, Line 12C

“This policy is to be reviewed annually for the information and guidance of all board and committee members, and any new members are to be advised of the policy upon entering the duties of the office.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Housing Foundation
EIN
45-3244466
Phone
3202696640
Address
540 S 1ST ST, MONTEVIDEO, MN 56265

Signing Officer

Name
Greg Wohlers
Title
President
Phone
3202696640
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Wohlers
Formed
2011
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Dana F Cole & Company Llp
Address
PO BOX 502, MONTEVIDEO, MN 56265
Preparer
James B Knutson
Phone
3202692146
Raw XML Appendix350 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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IRS990/SignificantChangeInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0892009
IRS990/TotalAssetsEOYAmt0945933
IRS990/TotalAssetsGrp/BOYAmt0892009
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0992
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0992
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt08500
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IRS990/TotalRevenueGrp/ExclusionAmt095
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt054821
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054916
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0892009
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0945933
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0883509
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd056265
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG WOHLERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03202696640
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE HOUSING FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0453244466
ReturnHeader/Filer/PhoneNum03202696640
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09D2C2979221016278C926FEC37D3539CB85C398D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470526649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANA F COLE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 502
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTEVIDEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056265
ReturnHeader/PreparerPersonGrp/PhoneNum03202692146
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES B KNUTSON
ReturnHeader/ReturnTs02017-05-16T09:15:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$945,933
Liabilities
$8,500
Net assets
$937,433
Revenue
$54,916
Expenses
$992
Net income
$53,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.05$0.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.05$0.00$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.05$0.00$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.06$0.00$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.05$0.00$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.05$0.00$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.03$0.00$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.94$0.01$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.01$0.94$0.05$0.00$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$0.06$0.00$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$0.65$0.00$0.64
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.19$0.00$0.18