Civic Intelligence

Preservation Housing Trust

990 • Fiscal year 2017 • EIN 47-3111962

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

Organization ProfileWWW.PRESERVATIONHOUSINGTRUST.ORG
755 Selby Avenue Suite No ASaint Paul, MN 55104

(651) 209-0537

Siviq Scores

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

Liabilities / Assets

81st percentile

0.54x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.13x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$141,491

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$4,832,023

Down $69,145 (-1.4%) from 2016

Net Assets

Down

$2,216,244

Down $145,002 (-6.1%) from 2016

Liabilities

Up

$2,615,779

Up $75,857 (+3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin15th percentile

Revenue

Down

$836,281

Down $1,561,104 (-65%) from 2016

Expenses

Up

$981,283

Up $945,144 (+2615%) from 2016

Net Income

Down

-$145,002

Down $2,506,248 (-106%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$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

2017

Assets$4,832,023
Liabilities$2,615,779
Net Assets$2,216,244
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$836,281
Expenses$981,283
Net Income-$145,002
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$836,281
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
Land, Buildings, and Equipment, Net$4,640,000$4,557,234▼ $82,766
Rtn Earn Endowment Incm Other Fnds$2,361,246$2,216,244▼ $145,002
Loans From Officers Directors$28,000$57,066▲ $29,066
Prepaid Expenses and Deferred Charges$6,535$44,842▲ $38,307
Cash and Non-Interest-Bearing Accounts$9,328$12,439▲ $3,111
Accounts Receivable$17,615$11,749▼ $5,866
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,901,168$4,832,023▼ $69,145
Other Assets Total$227,690$205,759▼ $21,931
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,336,324$2,267,190▼ $69,134
Accounts Payable and Accrued Expenses$150,270$257,231▲ $106,961
Other Liabilities$24,204$29,801▲ $5,597
Deferred Revenue$1,124$4,491▲ $3,367
Total Liabilities$2,539,922$2,615,779▲ $75,857
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,361,246$2,216,244▼ $145,002
Total Liabilities and Net Assets / Fund Balance$4,901,168$4,832,023▼ $69,145

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,113,132$184,708$4,297,840
Equipment$229,102$9,721$238,823
Land$215,000-$215,000
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleOtherTotal
Richard HutsellSecretary/treasurer$141,491$141,491

Board Members and Trustees

NameTitle
Joseph GalvanPresident
Stan QuyVice-president
Carol BowerBoard Member
Loren BruggemannBoard Member
Shawn HuckelbyBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$6,550
Program Service Revenue
$821,644
Investment Income
$87
Other Revenue
$8,000
All Other Contributions
$6,550
Change in Net Assets
$-145,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$981,283
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
Office Expenses$261,369--$261,369
Depreciation Depletion$194,429--$194,429
Insurance$63,988--$63,988
Interest$47,587--$47,587
Other Expenses$42,672--$42,672
Total Functional Expenses$981,283$0$0$981,283
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
Loans from Officers, Directors, Trustees, and Key Employees$28,000$57,066▲ $29,066
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$29,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 NO A, SAINT PAUL, MN 55104

Signing Officer

Name
Richard Hutsell
Title
Treasurer
Phone
6512090537
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Galvan
Formed
2014
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Mahoneyulbrichchristiansen & Russ Pa
Address
10 RIVER PARK PLAZA SUITE 800, SAINT PAUL, MN 55107
Preparer
Lance J Brock
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 is disregarded for income tax purposes. The llc is consolidated in the corporation nonprofit income tax return. 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.”

Raw XML Appendix376 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/BOYAmt0150270
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0257231
IRS990/AccountsReceivableGrp/BOYAmt017615
IRS990/AccountsReceivableGrp/EOYAmt011749
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt06550
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum06512090535
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0755 SELBY AVENUE SUITE A
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAINT PAUL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055104
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt09328
IRS990/CashNonInterestBearingGrp/EOYAmt012439
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06550
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt087
IRS990/CYOtherExpensesAmt0981283
IRS990/CYOtherRevenueAmt08000
IRS990/CYProgramServiceRevenueAmt0821644
IRS990/CYRevenuesLessExpensesAmt0-145002
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0981283
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0836281
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01124
IRS990/DeferredRevenueGrp/EOYAmt04491
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0194429
IRS990/DepreciationDepletionGrp/TotalAmt0194429
IRS990/Desc0TO CREATE AND BUILD, ACQUIRE, PRESERVE AND REHABILITATE AFFORDABLE HOUSING THAT PROMOTES WELLNESS AND STABILITY FOR FAMILIES, SENIORS, AND THE CHALLENGED, UNDER SECTION 221(D)(4) PURSUANT TO SECTION 223(A)(7) OF THE NATIONAL HOUSING ACT, AS WELL AS RECEIVING HOUSING ASSISTANCE PAYMENTS TO HELP RESIDENTS ON A PORTION OF THE UNITS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0981283
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH GALVAN
IRS990/Form990PartVIISectionAGrp/PersonNm1STAN QUY
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD HUTSELL
IRS990/Form990PartVIISectionAGrp/PersonNm3LOREN BRUGGEMANN
IRS990/Form990PartVIISectionAGrp/PersonNm4CAROL BOWER
IRS990/Form990PartVIISectionAGrp/PersonNm5SHAWN HUCKELBY
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/ReportableCompFromRltdOrgAmt2141491
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0836281
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt063988
IRS990/InsuranceGrp/TotalAmt063988
IRS990/InterestGrp/ProgramServicesAmt047587
IRS990/InterestGrp/TotalAmt047587
IRS990/InvestmentIncomeGrp/ExclusionAmt087
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt087
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0194429
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04640000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04557234
IRS990/LandBldgEquipCostOrOtherBssAmt04751663
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt028000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt057066
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02336324
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02267190
IRS990/NetAssetsOrFundBalancesBOYAmt02361246
IRS990/NetAssetsOrFundBalancesEOYAmt02216244
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0261369
IRS990/OfficeExpensesGrp/TotalAmt0261369
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0227690
IRS990/OtherAssetsTotalGrp/EOYAmt0205759
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0208026
IRS990/OtherExpensesGrp/ProgramServicesAmt1163212
IRS990/OtherExpensesGrp/ProgramServicesAmt242672
IRS990/OtherExpensesGrp/TotalAmt0208026
IRS990/OtherExpensesGrp/TotalAmt1163212
IRS990/OtherExpensesGrp/TotalAmt242672
IRS990/OtherLiabilitiesGrp/BOYAmt024204
IRS990/OtherLiabilitiesGrp/EOYAmt029801
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08000
IRS990/OtherRevenueTotalAmt08000
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06535
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044842
IRS990/PrincipalOfficerNm0JOSEPH GALVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0821644
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0821644
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02397385
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt036139
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02361246
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt036139
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02397385
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-145002
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0829644
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02361246
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02216244
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02397385
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02403935
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt087
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0821644
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02403935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02397385
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02403935
IRS990ScheduleA/TotalSupportAmt02404022
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04113132
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0184708
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04297840
IRS990ScheduleD/EquipmentGrp/BookValueAmt0229102
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09721
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238823
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0215000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0215000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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 IS DISREGARDED FOR INCOME TAX PURPOSES. THE LLC IS CONSOLIDATED IN THE CORPORATION NONPROFIT INCOME TAX RETURN. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04557234
IRS990ScheduleD/TotalLiabilityAmt029801
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt057066
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0RICHARD HUTSELL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt028000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0RICHARD IS A BOARD MEMBER AND OWNS THE COMPANY THAT LOANED THE FUNDS.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt057066
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/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PARK PLACE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0814254596
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt04681246
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0821731
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0755 SELBY AVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd055104
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04901168
IRS990/TotalAssetsEOYAmt04832023
IRS990/TotalAssetsGrp/BOYAmt04901168
IRS990/TotalAssetsGrp/EOYAmt04832023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06550
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0981283
IRS990/TotalFunctionalExpensesGrp/TotalAmt0981283
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02539922
IRS990/TotalLiabilitiesEOYAmt02615779
IRS990/TotalLiabilitiesGrp/BOYAmt02539922
IRS990/TotalLiabilitiesGrp/EOYAmt02615779
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02361246
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02216244
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0981283
IRS990/TotalProgramServiceRevenueAmt0821644
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt087
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0829644
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0836281
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04901168
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04832023
IRS990/TotReportableCompRltdOrgAmt0141491
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0755 SELBY AVENUE SUITE NO A
IRS990/USAddress/CityNm0SAINT PAUL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055104
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PRESERVATIONHOUSINGTRUST.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD HUTSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06512090537
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESERVATION HOUSING TRUST
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0473111962
ReturnHeader/Filer/PhoneNum06512090537
ReturnHeader/Filer/USAddress/AddressLine1Txt0755 SELBY AVENUE SUITE NO A
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08FCC0AE5B5C62EA2E1ECCE65A8D774828604CBA2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.118.61.118
ReturnHeader/FilingSecurityInformation/IPDt02018-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm020:36:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411647057
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHONEYULBRICHCHRISTIANSEN & 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/PreparationDt02018-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LANCE J BROCK
ReturnHeader/ReturnTs02018-11-14T13:35:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,832,023
Liabilities
$2,615,779
Net assets
$2,216,244
Revenue
$836,281
Expenses
$981,283
Net income
-$145,002
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.09$1.02$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.09$1.03$1.52$1.10$0.42
2022Detailed filing. Detailed filing data is available for this year.$4.51$2.53$1.98$0.97$1.17$0.20
2021Detailed filing. Detailed filing data is available for this year.$4.62$2.44$2.18$0.97$1.12$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.84$2.50$2.34$1.17$1.03$0.13
2019Detailed filing. Detailed filing data is available for this year.$4.83$2.63$2.20$1.21$1.13$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.67$2.54$2.13$0.93$1.02$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.83$2.62$2.22$0.84$0.98$0.15
2016Detailed filing. Detailed filing data is available for this year.$4.90$2.54$2.36$2.40$0.04$2.36