Civic Intelligence

Preservation Housing Trust

EIN 47-3111962 • 501(c)3 • Saint Paul, MN

Profile

To create and build, acquire, preserve and rehabilitate affordable housing that promotes wellness and stability for families, seniors, and the challenged, while instilling respect for residents.

755 Selby Avenue Suite ASaint Paul, MN 55104

www.preservationhousingtrust.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

87.43x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-735%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$86,446

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 8644.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,110,629

Down $12,655 (-1.1%) from 2023

Liabilities

Down

$87,432

Down $5,306 (-5.7%) from 2023

Net Assets

Down

$1,023,197

Down $7,349 (-0.7%) from 2023

Revenue

Down

$1,000

Down $1,519,058 (-100%) from 2023

Expenses

Down

$8,349

Down $1,091,021 (-99%) from 2023

Net Income

Down

-$7,349

Down $428,037 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $4,901,168Liabilities 2016: $2,539,922Net Assets 2016: $2,361,2462016Assets 2017: $4,832,023Liabilities 2017: $2,615,779Net Assets 2017: $2,216,2442017Assets 2018: $4,668,964Liabilities 2018: $2,542,349Net Assets 2018: $2,126,6152018Assets 2019: $4,832,894Liabilities 2019: $2,628,247Net Assets 2019: $2,204,6472019Assets 2020: $4,842,584Liabilities 2020: $2,503,201Net Assets 2020: $2,339,3832020Assets 2021: $4,620,566Liabilities 2021: $2,439,389Net Assets 2021: $2,181,1772021Assets 2022: $4,510,535Liabilities 2022: $2,527,197Net Assets 2022: $1,983,3382022Assets 2023: $1,123,284Liabilities 2023: $92,738Net Assets 2023: $1,030,5462023Assets 2024: $1,110,629Liabilities 2024: $87,432Net Assets 2024: $1,023,1972024

Highlighted filing

2024

Assets$1,110,629
Liabilities$87,432
Net Assets$1,023,197

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,397,385Expenses 2016: $36,139Net Income 2016: $2,361,2462016Revenue 2017: $836,281Expenses 2017: $981,283Net Income 2017: -$145,0022017Revenue 2018: $930,157Expenses 2018: $1,019,786Net Income 2018: -$89,6292018Revenue 2019: $1,206,339Expenses 2019: $1,128,307Net Income 2019: $78,0322019Revenue 2020: $1,166,171Expenses 2020: $1,031,435Net Income 2020: $134,7362020Revenue 2021: $966,049Expenses 2021: $1,124,255Net Income 2021: -$158,2062021Revenue 2022: $967,636Expenses 2022: $1,165,475Net Income 2022: -$197,8392022Revenue 2023: $1,520,058Expenses 2023: $1,099,370Net Income 2023: $420,6882023Revenue 2024: $1,000Expenses 2024: $8,349Net Income 2024: -$7,3492024

Highlighted filing

2024

Revenue$1,000
Expenses$8,349
Net Income-$7,349

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 19, 2025
Return Version
2024v5.1
Gross Receipts
$1,000
Mission and Program Overview

Mission

To create and build, acquire, preserve and rehabilitate affordable housing that promotes wellness and stability for families, seniors, and the challenged, while instilling respect for residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$265,005$265,005→ $0
Receivables From Officers Etc$231,000$231,000→ $0
Land, Buildings, and Equipment, Net$140,000$140,000→ $0
Loans From Officers Directors$59,066$59,066→ $0
Cash and Non-Interest-Bearing Accounts$44,062$31,412▼ $12,650
Total Assets$1,123,284$1,110,629▼ $12,655
Other Assets Total$443,217$443,212▼ $5
Liabilities
Accounts Payable and Accrued Expenses$33,672$28,366▼ $5,306
Total Liabilities$92,738$87,432▼ $5,306
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,030,546$1,023,197▼ $7,349
Total Net Assets Fund Balance$1,030,546$1,023,197▼ $7,349
Total Liabilities and Net Assets / Fund Balance$1,123,284$1,110,629▼ $12,655

Asset Categories

AssetBook ValueDepreciationBasis
Land$140,000-$140,000
Other Assets Org$443,212--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Richard HutsellSecretary/treasurer$86,446$86,446

Board Members and Trustees

NameTitle
Shawn HuckelbyBoard Chair
Hans HageBoard Member
Joe GalvanBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$-7,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,349
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
Interest$3,544--$3,544
Fees for Services Accounting$3,500--$3,500
Other Expenses$5--$5
Total Functional Expenses$8,349$0$0$8,349
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$231,000$231,000→ $0
Loans from Officers, Directors, Trustees, and Key Employees$59,066$59,066→ $0
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Control over management duties was delegated to premier housing management llc.

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

A copy of the 990 is mailed to each board member for review and comment. The board president contacts each member and requests approval and the verbal approval is then ratified at the next full board meeting.

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

Each officer and director is required to complete and sign a "conflict of interest disclosure statement" on an annual basis, and those disclosed interests are monitored throughout the year to maintain compliance with the policy.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements can be reviewed upon request at the manager's office, 755 selby avenue, saint paul, minnesota, between the hours of 11:00 am and 5:00 pm monday through friday.

Filing and Contact Details

Filer

Filer Name
Preservation Housing Trust
EIN
47-3111962
Phone
6512090537
Address
755 SELBY AVENUE SUITE A, SAINT PAUL, MN 55104

Signing Officer

Name
Richard Hutsell
Title
Treasurer
Phone
6512090537
Signed
2025-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Huckleby
Formed
2014
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Mahoney Ulbrich Christiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Tonya J Sheldon
Phone
6512276695
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Income taxes the corporation is exempt from income taxes under internal revenue code section 501(c)(3) and applicable iowa statutes, except to the extent it has taxable income from activities that are not related to its exempt purpose. Management believes the corporation does not have any unrelated business income. The corporation controls park place housing llc which was disregarded for income tax purposes through november 30, 2023. The llc was consolidated in the corporation nonprofit income tax return for 2023. The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The corporation would recognize future interest and penalties related to unrecognized tax liabilities in income tax expense if such interest and penalties are incurred. The corporation and its affiliate are not currently under examination by any taxing jurisdiction. Federal and state tax authorities generally have the right to examine returns for the current and three previous years.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE IOWA STATUTES, EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. MANAGEMENT BELIEVES THE CORPORATION DOES NOT HAVE ANY UNRELATED BUSINESS INCOME. THE CORPORATION CONTROLS PARK PLACE HOUSING LLC WHICH WAS DISREGARDED FOR INCOME TAX PURPOSES THROUGH NOVEMBER 30, 2023. THE LLC WAS CONSOLIDATED IN THE CORPORATION NONPROFIT INCOME TAX RETURN FOR 2023. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. THE CORPORATION AND ITS AFFILIATE ARE NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE RETURNS FOR THE CURRENT AND THREE PREVIOUS YEARS.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0RICHARD IS THE OWNER OF PHM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1RICHARD IS A BOARD MEMBER AND OWNS THE COMPANY THAT LOANED THE FUNDS.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt0290066
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONTROL OVER MANAGEMENT DUTIES WAS DELEGATED TO PREMIER HOUSING MANAGEMENT LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS MAILED TO EACH BOARD MEMBER FOR REVIEW AND COMMENT. THE BOARD PRESIDENT CONTACTS EACH MEMBER AND REQUESTS APPROVAL AND THE VERBAL APPROVAL IS THEN RATIFIED AT THE NEXT FULL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE AND SIGN A "CONFLICT OF INTEREST DISCLOSURE STATEMENT" ON AN ANNUAL BASIS, AND THOSE DISCLOSED INTERESTS ARE MONITORED THROUGHOUT THE YEAR TO MAINTAIN COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE REVIEWED UPON REQUEST AT THE MANAGER'S OFFICE, 755 SELBY AVENUE, SAINT PAUL, MINNESOTA, BETWEEN THE HOURS OF 11:00 AM AND 5:00 PM MONDAY THROUGH FRIDAY.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0PRESERVATION HOUSING TRUST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0814254596
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.75010
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PARK PLACE HOUSING LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0755 SELBY AVENUE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SAINT PAUL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd055104
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0265005
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PARK PLACE HOUSING LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01123284
IRS990/TotalAssetsEOYAmt01110629
IRS990/TotalAssetsGrp/BOYAmt01123284
IRS990/TotalAssetsGrp/EOYAmt01110629
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08349
IRS990/TotalFunctionalExpensesGrp/TotalAmt08349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092738
IRS990/TotalLiabilitiesEOYAmt087432
IRS990/TotalLiabilitiesGrp/BOYAmt092738
IRS990/TotalLiabilitiesGrp/EOYAmt087432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01030546
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01023197
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt08349
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01123284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01110629
IRS990/TotReportableCompRltdOrgAmt086446
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0755 SELBY AVENUE SUITE A
IRS990/USAddress/CityNm0SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055104
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.PRESERVATIONHOUSINGTRUST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD HUTSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06512090537
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESERVATION HOUSING TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0473111962
ReturnHeader/Filer/PhoneNum06512090537
ReturnHeader/Filer/USAddress/AddressLine1Txt0755 SELBY AVENUE SUITE A
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 RIVER PARK PLAZA SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055107
ReturnHeader/PreparerPersonGrp/PhoneNum06512276695
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONYA J SHELDON
ReturnHeader/ReturnTs02025-05-28T14:33:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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