Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RESIDENT FEES

  total $715,094 · related or exempt $715,094

• 3 · Investment income

  total $72,389 · unrelated business $22,889 · excluded $49,500

Functional expenses

Part IX, the statement of functional expenses.

• 11g · Fees: other

  total $8 · program services $8

• 16 · Occupancy

  total $218,641 · program services $218,641

• 17 · Travel

  total $70 · program services $70

• 20 · Interest

  total $35,766 · program services $35,766

• 22 · Depreciation, depletion and amortization

  total $441,681 · program services $441,681

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$14,032 · end of year $165,988

• 2 · Savings and temporary cash investments

  beginning of year $5,155

• 4 · Accounts receivable

  beginning of year $59,280 · end of year $82,155

• 7 · Other notes and loans receivable

  beginning of year $381,248 · end of year $381,248

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,802

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

  $13,414,748

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

  $10,333,390

• 10c · Land, buildings and equipment, net

  beginning of year $3,493,445 · end of year $3,081,358

• 15 · Other assets

  beginning of year $11,153,530 · end of year $11,210,485

• 17 · Accounts payable and accrued expenses

  beginning of year $16,137 · end of year $29,416

• 20 · Tax-exempt bond liabilities

  beginning of year $834,104 · end of year $762,811

• 23 · Secured mortgages and notes payable

  beginning of year $439,493 · end of year $275,324

• 25 · Other liabilities

  beginning of year $759,732 · end of year $722,404

• 27 · Net assets without donor restrictions

  beginning of year $13,021,012 · end of year $13,112,329

• 28 · Net assets with donor restrictions

  beginning of year $18,950 · end of year $18,950

The filer's explanations (Part III)

PART I, LINE 3

UPON MERGER WITH VOLUNTEERS OF AMERICA - MINNESOTA, THE ORGANIZATION NO LONGER DIRECTLY COMPENSATES ITS OFFICERS. COMPENSATION IS PAID TO ORGANIZATION'S PRESIDENT/CEO BY VOLUNTEERS OF AMERICA - MINNESOTA, A RELATED ORGANIZATION, AND IS REPORTED AS SUCH ON FORM 990, PART VII, SECTION A, COLUMNS (E) AND (F). VOLUNTEERS OF AMERICA IN MINNESOTA RELIED ON VOLUNTEERS OF AMERICA - MINNESOTA TO DETERMINE COMPENSATION THROUGH THE APPROPRIATE PROCESS, WHICH INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION. VOLUNTEERS OF AMERICA - MINNESOTA USED FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF DIRECTORS TO SET COMPENSATION FOR ITS OFFICERS.

Related partnerships

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

• 2100 BLOOMINGTON LP

  SECTION 8 HOUSING · MN · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• 2100 BLOOMINGTON LLC

  C · SECTION 8 HOUSING · MN · 100% owned · share of assets $77,948 · controlled entity

  Directly controlled by VOLUNTEERS OF AMERICA IN MINNESOTA