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← HOUSING FOUNDATION

Form 990 for tax year 2023

Filed by HOUSING FOUNDATION.

Totals

Total revenue
$47,600
Total expenses
$740
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$498
Other revenue
$47,102
Total assets, end of year
$1,225,603
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,225,603
Program services expenses (Part IX)
$0
Management and general expenses
$740
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $498 · excluded $498

  • 11a · Other revenue: MAGIC FIVE

    total $35,014 · related or exempt $35,014

  • 11b · Other revenue: KMA APARTMENTS

    total $12,088 · related or exempt $12,088

  • 11e · Other revenue, total

    $47,102

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $715 · management and general $715

  • 24a · Other expenses: FILING FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,045 · end of year $20,118

  • 13 · Investments: program-related

    beginning of year $1,162,698 · end of year $1,205,485

  • 27 · Net assets without donor restrictions

    beginning of year $1,178,743 · end of year $1,225,603

Mission and programs · 2023

Mission

TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISABLED ADULTS, AND LOW INCOME SENIORS.

Activities or mission (Part I)

TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISALBED ADULTS, AND LOW INCOME SENIORS.

  • LOW INCOME HOUSING

As filed on the 2023 return.

Listed in Part VII

  • Paula Asbra

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jon Dreyer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Greg Wohlers

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MAGIC FIVE PROPERTIES

    RELATED · RENTAL · MN · 99% owned · share of income $35,030 · share of assets $191,736 · general or managing partner

  • KMA APARTMENTS

    RELATED · RENTAL · MN · 99% owned · share of income $12,570 · share of assets $228,727 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
19 April 2024
IRS schema version
2023v5.0
Source object
202412289349302961

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