Southwest Minnesota Housing Partnership in Slayton, Minnesota (MN)

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Southwest Minnesota Housing Partnership
Employer Identification Number (EIN)411721815
Name of OrganizationSouthwest Minnesota Housing Partnership
Address2401 Broadway Ave, Slayton, MN 56172-1167
ActivitiesLow income housing
SubsectionCharitable Organization
Ruling Date03/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$38,765,588
Amount of Income$7,906,019
Form 990 Revenue Amount$7,906,019
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2013: $7,906,019
This organization: 

 $7,906,019
Other organizations performing similar types of work: 

 $830,011

Assets in 2013: $38,765,588
Southwest Minnesota Housing Partnership: 

 $38,765,588
Other organizations performing similar types of work: 

 $2,556,923

Expenses in 2013: $7,203,846
This organization: 

 $7,203,846
Other organizations performing similar types of work: 

 $814,088

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 84.7%
Southwest Minnesota Housing Partnership: 

 84.7%
Other organizations performing similar types of work: 

 91.0%

Employees paid over $100,000 in 2013: 25.0%
Southwest Minnesota Housing Partnership: 

 25.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 29.2%
Southwest Minnesota Housing Partnership: 

 29.2%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?YesYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?YesYes
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10969485
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return3228
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$154,548$98,795
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$18,775$9,233
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization57
Statement of Revenue
201120122013
Total revenue$9,549,780$8,527,990$7,906,019
Contributions, Gifts, Grants and Other Similar Amounts$3,458,165$4,032,737$2,310,810
Program Service Revenue$5,698,696$4,313,868$5,210,022
Lessors of Residential Buildings and Dwellings $2,669,458$3,123,352
Other Activities Related to Real Estate $1,306,325$1,686,312
Other Activities Related to Real Estate $338,085$400,358
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$115,909$166,328$213,764
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$277,010$15,057$171,423
900099$15,057$171,423
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$7,830,029$7,963,626$7,203,846
Grants and other assistance to domestic organizations and domestic governments$73,557$10,000
Grants and other assistance to domestic individuals$2,270,842$944,547
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$202,947$173,323$108,029
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$748,128$859,055$920,984
Pension plan accruals and contributions$33,803$35,712
Other employee benefits$97,656$107,281
Payroll taxes$61,599$68,025$70,034
Fees for services (non-employees)
Management$0$0
Legal$3,731$7,819
Accounting$71,598$29,810
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$274,948$434,934
Advertising and promotion$193,730$0
Office expenses$94,947$74,185
Information technology$6,736$10,897
Royalties$0$0
Occupancy$51,493$34,239
Travel$75,249$58,521
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$31,679$60,488
Interest$39,282$44,733
Payments to affiliates$0$0
Depreciation, depletion, and amortization$60,748$53,328
Insurance$28,768$9,673
Other expenses$3,134,853$3,689,338
Other expenses$276,452$499,294
Balance Sheet
201120122013
Total assets$31,496,344$36,802,389$38,765,588
Cash - non-interest-bearing$473,738$1,219,610
Savings and temporary cash investments$3,477,680$4,214,097
Pledges and grants receivable, net$114,707$43,722
Accounts receivable, net$699,950$744,211
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$4,762,115$5,492,946
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$13,022$96,116
Land, buildings, and equipment: cost or other basis$22,396,836$20,931,139
Investments - publicly traded securities$0$0
Investments - other securities$0$0
Investments - program-related$4,561,054$5,149,112
Intangible assets$303,287$874,635
Other assets$0$0
Total liabilities$20,584,105$25,325,786$26,544,287
Accounts payable and accrued expenses$1,011,372$883,628
Grants payable$0$0
Deferred revenue$667,349$655,949
Tax-exempt bond liabilities$9,834,236$9,725,859$9,604,280
Escrow or custodial account liability$290,943$1,062,992
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$8,377,542$13,477,197$13,671,718
Unsecured notes and loans payable to unrelated third parties$64,000$10,000$521,332
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$143,066$144,388
Total net assets or fund balances$10,912,239$11,476,603$12,221,301
Unrestricted net assets$7,621,056$8,049,751
Temporarily restricted net assets$318,098$334,101
Permanently restricted net assets$3,537,449$3,837,449
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$16,563,632
Subtotal Support$18,462,217
Gifts, grants, contributions, and membership fees received$18,462,217
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$1,898,585
Total Support$19,686,232
Public Support$18,462,217
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$702,506
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$521,509
Gross receipts from related activities, etc.$22,717,091
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$6,133,988$6,756,152$6,176,299$5,837,026$7,565,902$7,814,413$6,712,179$10,484,820
Contributions, gifts, grants, and similar amounts received$4,305,112$4,171,594$3,881,645$2,982,428$4,692,864$4,333,513$3,970,545$6,826,436
Contributions to donor advised funds$0$0
Direct public support$0$0$0$33,250$13,750$40,700$116,556$2,241,137
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$4,305,112$4,171,594$3,881,645$2,949,178$4,679,114$4,292,813$3,853,989$4,585,299
Program service revenue including government fees and contracts$1,759,358$2,546,490$2,218,384$2,846,724$2,838,728$3,388,535$2,617,245$3,454,351
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$69,879$39,029$16,420$12,936$35,878$95,637$125,399$173,636
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$-361$-961$-776$-694$-1,568$-3,522$-1,010$-10,106
Gain or (loss) from sales of assets other than inventory$0$0$-202$-4,368$0$250$0$0
Gross amount from sales of assets other than inventory$0$0$150$295$0$250$0$0
Less: cost or other basis and sales expenses$0$0$352$4,663$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$60,828$0$0$0$0$40,503
Total expenses$6,126,733$6,737,146$5,807,573$5,604,775$7,033,358$7,166,319$5,900,889$9,012,337
Program services$6,052,690$6,615,102$5,667,508$5,466,573$6,866,731$6,991,404$5,724,890$7,630,942
Management and general$74,043$122,044$140,065$106,435$115,899$147,669$126,142$1,340,842
Fundraising$0$0$0$31,767$50,728$27,246$49,857$40,553
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$1,012,281$1,031,287$1,400,013$1,632,264$2,164,808$2,812,902$3,624,192$4,297,167
Excess or (deficit) for the year$7,255$19,006$368,726$232,251$532,544$648,094$811,290$1,472,483
Net assets or fund balances at beginning of year$1,075,825$1,012,281$1,031,287$1,400,013$1,632,264$2,164,808$2,812,902$3,624,192
Other changes in net assets or fund balances$-70,799$0$0$0$0$0$0$-799,508
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$9,012,337$7,630,942$1,340,842$40,553
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$3,010,682
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$103,602$0$103,602$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$609,978$500,306$89,911$19,761
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$103,566$38,191$56,718$8,657
Payroll taxes$72,779$72,779$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,924$14,924$0$0
Legal fees$6,168$6,168$0$0
Supplies$24,597$24,597$0$0
Telephone$11,105$11,105$0$0
Postage and shipping$8,998$8,365$550$83
Occupancy$23,805$23,805$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$19,435$15,799$3,505$131
Travel$71,691$70,730$0$961
Conferences, conventions, and meetings$10,153$3,358$6,795$0
Interest$183,439$183,439$0$0
Depreciation, depletion, etc.$44,307$44,307$0$0
Other expenses not covered above$4,693,108$3,602,387$1,079,761$10,960
Balance Sheets
20002001200220032004200520062007
Total assets$2,223,719$2,328,847$3,665,233$3,289,345$11,755,409$14,840,894$14,840,894$18,314,137
Cash - non-interest-bearing$1,276,332$796,866$1,392,969$928,190$2,538,851$3,273,679$3,507,773$2,370,703
Savings and temporary cash investments$0$0$0$0$0$0$0$1,976,637
Accounts receivable less allowance for doubtful accounts$77,484$357,075$409,593$492,829$111,903$1,248,897$383,751$196,090
Pledges receivable less allowance for doubtful accounts$0$0$193,600$0$0$0$0$0
Grants receivable$202,049$286,571$0$261,446$379,293$333,321$105,933$235,177
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$209,281$461,032$1,012,450$1,460,339$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$18,095$14,819$9,414$10,248$30,651$39,164$42,909$31,315
Investments - publicly-traded securities$0$4,026,709
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$531,054$432,013$981,666$773,848$2,231,657$2,801,532$3,501,459$769,451
Land, buildings, and equipment less accumulated depreciation$113,627$357,885$596,490$581,517$5,802,079$5,957,173$5,667,469$8,011,544
Other assets, including program-related investments$5,078$83,618$81,501$31,986$199,943$174,678$171,261$696,511
Total liabilities$1,211,438$1,297,560$2,265,220$1,657,081$9,590,601$12,027,992$11,216,702$14,016,970
Accounts payable and accrued expenses$490,248$239,322$755,322$237,493$488,169$956,791$355,556$1,121,190
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$18,532$0$65,347$0$254,379$654,378$243,878$1,082,401
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$4,970,000$3,927,529
Mortgages and other notes payable$406,963$680,280$968,339$1,141,685$8,264,820$10,374,899$5,179,374$7,544,544
Other liabilities$295,695$377,958$476,212$277,903$583,233$41,924$467,894$341,306
Total liabilities and net assets/fund balances$2,223,719$2,328,847$3,665,233$3,289,345$11,755,409$14,840,894$14,840,894$18,314,137
Total net assets or fund balances$1,012,281$1,031,287$1,400,013$1,632,264$2,164,808$2,812,902$3,624,192$4,297,167
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$6,133,988$6,756,152$6,176,299$5,837,026$7,565,902$7,814,413$6,712,179$10,484,820
Total revenue, gains, and other support per audited financial statements$6,133,988$6,756,152$6,176,299$5,837,026$7,565,902$7,814,163$6,712,179$12,564,952
Other expenses$0$0$0$0$0$0$0$3,143,994
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$31,150
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$3,112,844
Other revenue$0$0$0$0$0$250$0$1,063,862
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$250$0$1,063,862
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$6,126,733$6,737,146$5,807,573$5,604,775$7,033,358$7,166,319$5,900,889$9,012,337
Total expenses and losses per audited financial statements$6,126,733$6,737,146$5,807,573$5,604,775$7,033,358$7,166,070$5,900,889$11,933,279
Other revenue$0$0$0$0$0$-250$0$3,955,260
Donated services and use of facilities$0$0$0$0$0$0$0$31,150
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$-250$0$3,924,110
Other expenses$0$0$0$0$0$-1$0$1,034,318
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$-1$0$1,034,318
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$85,986$11,936$0
1$640$0$0
1$280$0$0
1$520$0$0
1$320$0$0
1$360$0$0
1$320$0$0
1$720$0$0
1$120$0$0
1$320$0$0
1$1,800$0$0
1$120$0$0
1$80$0$0
1$40$0$0
1$40$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200617
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$214,139$3,444,245
Program service revenue
Program service revenue 1000000$000$0$1,935,990
Program service revenue 2000000$000$0$713,555
Program service revenue 3000000$000$0$804,806
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$173,636$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$-10,106
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$40,503$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
203280023100%$110,922$62,251
591540097100%$15,496$316,628
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$65,981$10,401$0
$56,852$8,973$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?Yes
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$31,803$69,879$39,029$18,537$13,143$32,745$95,637$7,804,713
Gifts, grants, and contributions received$6,000$0$0$0$0$0$0$4,197,933
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$3,482,391
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$25,803$69,879$39,029$18,537$13,143$32,745$95,637$124,389
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Park Nicollet Health Services, Park Nicollet Clinic3800 Park Nicollet Blvd, St Louis Park, MN 55416-2527MN2011-06$575,607,144
2Park Nicollet Health Services, Park Nicollet Methodist Hospital6500 Excelsior Blvd, St Louis Park, MN 55426-4702MN2011-06$546,983,557
3Los Angeles Lomod Corporation2600 Wilshire Blvd, Los Angeles, CA 90057-3400CA1976-08$405,817,821
4Midpen Housing Corporation303 Vintage Park Dr Ste 250, Foster City, CA 94404-1176CA1971-01$275,419,910
5Neighborhood Reinvestment Corp999 N Capitol St Ne Ste 900, Washington, DC 20002-4684DC1980-03$248,039,925
6Southwest Minnesota Housing Partnership2401 Broadway Ave, Slayton, MN 56172-1167MN1993-03$7,906,019
7Concordia Arms Inc1080 Montreal Ave, Saint Paul, MN 55116-2311MN1979-10$4,580,657
8Park Nicollet Health Services, Pnmc Holdings3800 Park Nicollet Blvd, St Louis Park, MN 55416-2527MN2011-06$3,714,545
9Neighborhood Housing Services Of Minneapolis Inc2017 E 38th St, Minneapolis, MN 55407-2915MN1980-09$2,931,912
10Zedakah Foundation5900 Schaefer Rd, Edina, MN 55436-1815MN1995-04$1,871,512
11Albert Lea Trades & Labor Assembly Senior Housing Inc915 Maplehill Drive, Albert Lea, MN 56007-1894MN$963,569
12St Francis Of Assissi Inc3530 Lexington Avenue N, Shoreview, MN 55126-8166MN1982-11$342,391
13Madelia Housing Inc201 N Broad St Ste 109, Mankato, MN 56001-3569MN1980-07$223,521
14Park Lane Apartments Inc7485 Office Ridge Cir, Eden Prairie, MN 55344-3690MN1973-06$213,849
15Grove City Community Homes Inc201 N Broad St Ste 109, Mankato, MN 56001-3569MN1972-02$148,011
16Community Housing Coalition1000 Blue Gentian Road Suite 135, Eagan, MN 55121-1663MN1994-12$118,459
17Appletree Court601 Oak Street, Breckenridge, MN 56520-1216MN1946-03$68,259
18Park Nicollet Institute, Whole Wheat Toastmasters Club #61445400 Auto Club Way, Minneapolis, MN 55416MN2011-06$38,063,333
19Ebenezer Towers2523 Portland Avenue, Minneapolis, MN 55404-4438MN1988-09$1,583,404
20Park Nicollet Health Services, Park Nicollet Health Care Products3800 Park Nicollet Blvd, St Louis Park, MN 55416-2527MN2011-06$0
Number of organizations performing similar types of work
Alaska2
Alabama6
Arkansas3
Arizona12
California98
Colorado15
Connecticut8
District of Columbia5
Delaware2
Florida33
Georgia20
Hawaii13
Iowa10
Idaho3
Illinois33
Indiana7
Kansas4
Kentucky4
Louisiana12
Massachusetts22
Maryland8
Maine7
Michigan22
Minnesota19
Missouri16
Mississippi5
Montana3
North Carolina12
North Dakota2
Nebraska3
New Hampshire1
New Jersey23
New Mexico6
Nevada1
New York76
Ohio46
Oklahoma2
Oregon9
Pennsylvania46
Rhode Island4
South Carolina4
South Dakota4
Tennessee10
Texas36
Utah1
Virginia26
Vermont5
Washington11
Wisconsin12
West Virginia1
Wyoming1
International3
Total737

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