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Nonprofiteer
← DAYTONS BLUFF NEIGHBORHOOD HOUSING SERVICES INC

Form 990 for tax year 2022

Filed by DAYTONS BLUFF NEIGHBORHOOD HOUSING SERVICES INC.

Totals

Total revenue
$1,914,579
Total expenses
$1,731,031
Contributions and grants received
$1,336,081
Grants paid
$661,556
Program service revenue
$103,219
Investment income
$97,142
Other revenue
$378,137
Total assets, end of year
$31,060,000
Total liabilities, end of year
$13,508,076
Net assets or fund balances, end of year
$17,551,924
Program services expenses (Part IX)
$1,596,384
Management and general expenses
$134,647
Fundraising expenses
$0
Program service expenses (Part III)
$1,596,384

Program services were 92.2% 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.

  • 1e · Government grants (contributions)

    $1,318,929

  • 1f · All other contributions, gifts and grants

    $17,152

  • 2a · Program service revenue: LOAN INTEREST

    total $103,219 · related or exempt $103,219

  • 3 · Investment income

    total $97,142 · excluded $97,142

  • 11a · Other revenue: SERVICE FEES/REIMBURSEMENTS

    total $397,267 · related or exempt $397,267

  • 11b · Other revenue: GRANTS REPAID

    total $7,235 · related or exempt $7,235

  • 11c · Other revenue: SHOP 2012 LLC

    total -$26,365 · related or exempt -$26,365

  • 11e · Other revenue, total

    $378,137

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $661,556 · program services $661,556

  • 5 · Compensation of officers, directors and key employees

    total $106,624 · program services $95,814 · management and general $10,810

  • 7 · Other salaries and wages

    total $371,846 · program services $334,146 · management and general $37,700

  • 16 · Occupancy

    total $50,640 · program services $35,142 · management and general $15,498

  • 20 · Interest

    total $128,460 · program services $128,442 · management and general $18

  • 22 · Depreciation, depletion and amortization

    total $141,204 · program services $110,087 · management and general $31,117

  • 24a · Other expenses: RENTAL COSTS

    total $94,711 · program services $94,711

  • 24b · Other expenses: INSURANCE

    total $59,806 · program services $56,187 · management and general $3,619

  • 24c · Other expenses: CONSULTING CONTRACTS

    total $49,792 · program services $41,827 · management and general $7,965

  • 24d · Other expenses: SUPPLIES

    total $26,576 · program services $24,130 · management and general $2,446

  • 24e · All other expenses

    total $39,816 · program services $14,342 · management and general $25,474

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,406,108 · end of year $7,808,691

  • 4 · Accounts receivable

    beginning of year $284,251 · end of year $388,472

  • 7 · Other notes and loans receivable

    beginning of year $7,495,977 · end of year $7,318,894

  • 10a · Land, buildings and equipment: cost or other basis

    $5,276,212

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,719,570

  • 10c · Land, buildings and equipment, net

    beginning of year $2,692,131 · end of year $2,556,642

  • 14 · Intangible assets

    end of year $388,029

  • 15 · Other assets

    beginning of year $6,378,951 · end of year $12,599,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $234,120 · end of year $172,946

  • 18 · Grants payable

    beginning of year $257,118 · end of year $199,616

  • 19 · Deferred revenue

    beginning of year $115,123 · end of year $87,622

  • 23 · Secured mortgages and notes payable

    beginning of year $4,282,681 · end of year $13,047,892

  • 27 · Net assets without donor restrictions

    beginning of year $257,207 · end of year $4,894,411

  • 28 · Net assets with donor restrictions

    beginning of year $17,111,169 · end of year $12,657,513

Mission and programs · 2022

Mission

TO RENEW PRIDE, RESTORE CONFIDENCE, PROMOTE REINVESTMENT AND REVITALIZE THE NHS NEIGHBORHOOD(S) THROUGH THE EFFORTS OF LOCAL RESIDENTS ACTING IN CONCERT WITH FINANCIAL INSTITUTIONS, THE INSURANCE INDUSTRY, CORPORATE ENTERPRISE AND THE BUSINESS COMMUNITY, COMMUNITY ORGANIZATIONS, FOUNDATIONS AND GOVERNMENT.

  • THE COMMUNITY DEVELOPMENT BLOCK PROGRAM PROVIDED FUNDING FOR REHABILITATION OF SUBSTANDARD HOUSES IN NEED OF REPAIR; PROVIDED LOW INCOME FINANCING.

    Expenses $229,336 · Grants $86,174

  • NEIGHBOR WORKS AMERICA PROVIDED FUNDED TO SUPPORT THE REHABILITATION OF SUBSTANDARD HOUSING IN NEED OF REPAIR AND THE NEW CONSTRUCTION OF AFFORDABLE HOUSING.

    Expenses $367,244 · Grants $34,926

  • THE MINNESOTA HOUSING FINANCE AGENCY PROGRAM PROVIDED FUNDS TO ASSIST LOW/MODERATE INCOME HOMEOWNERS IN REHABILITATING THEIR HOMES

    Expenses $281,067 · Grants $247,474

  • THE HOME IMPROVEMENT PLUS PROGRAM PROVIDED FUNDING FOR THE REHABILITATION OF SUBSTANDARD HOUSES IN NEED OF REPAIR; THE HOMEONWER PROGRAM PROVIDED FUNDING TO CONSTRUCT NEW AFFORDABLE SINGLE FAMILY HOUSING.

    Expenses $718,737 · Grants $292,982

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Erchul

    EXECUTIVE DI

    Total calculated
    $124,750
    From this org
    $106,624
    From related orgs
    $0
    Other
    $18,126
    Hours/week
    40

  • Kate Cunningham

    BOARD DIR.

    Total calculated
    $0
    Hours/week
    1

  • John Fahey

    BOARD SECT

    Total calculated
    $0
    Hours/week
    1

  • Ben Greilanger

    BOARD DIR.

    Total calculated
    $0
    Hours/week
    1

  • Rose Lewis

    BOARD DIR.

    Total calculated
    $0
    Hours/week
    1

  • Diane May

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Eric Salinus

    BOARD DIR.

    Total calculated
    $0
    Hours/week
    1

  • Bill Sarvela

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Martin Shimko

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • Danielle Winner

    BOARD DIR.

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349325635

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