Form 990 for tax year 2023
Filed by MINOT AREA COMMUNITY LAND TRUST.
Totals
- Total revenue
- $71,500
- Total expenses
- $127,728
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $70,622
- Investment income
- $383
- Other revenue
- $495
- Total assets, end of year
- $1,374,969
- Total liabilities, end of year
- $24,933
- Net assets or fund balances, end of year
- $1,350,036
- Program services expenses (Part IX)
- $122,348
- Management and general expenses
- $5,380
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $122,348
Program services were 95.8% 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.
-
2a · Program service revenue: RENT
total $70,622 · related or exempt $70,622
-
3 · Investment income
total $383 · excluded $383
-
11a · Other revenue: MISCELLANEOUS
total $495 · related or exempt $495
-
11e · Other revenue, total
$495
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $5,380 · management and general $5,380
-
11g · Fees: other
total $56,293 · program services $56,293
-
12 · Advertising and promotion
total $422 · program services $422
-
16 · Occupancy
total $19,399 · program services $19,399
-
17 · Travel
total $1,184 · program services $1,184
-
23 · Insurance
total $18,441 · program services $18,441
-
24a · Other expenses: REAL ESTATE TAXES
total $19,682 · program services $19,682
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $6,646 · program services $6,646
-
24c · Other expenses: QUICKBOOKS
total $281 · program services $281
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $35,664 · end of year $9,636
-
2 · Savings and temporary cash investments
beginning of year $52,544 · end of year $20,928
-
4 · Accounts receivable
end of year $12,857
-
10a · Land, buildings and equipment: cost or other basis
$1,331,548
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,215,384 · end of year $1,331,548
-
17 · Accounts payable and accrued expenses
end of year $2,751
-
25 · Other liabilities
beginning of year $19,916 · end of year $22,182
-
27 · Net assets without donor restrictions
beginning of year $1,283,676 · end of year $1,350,036
Mission and programs · 2023
Mission
TO PROVIDE AFFORDABLE, QUALITY HOME OWNERSHIP FOR LOW TO MODERATE INCOME FAMILIES IN WARD COUNTY.
-
PROVIDING AFFORDABLE AND QUALITY HOMES FOR LOW TO MODERATE INCOME FAMILIES IN WARD COUNTY.
Expenses $122,348 · Revenue $71,117
As filed on the 2023 return.
Listed in Part VII
-
Willy SoderholmWILLY SODERHOLM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
George WithusGEORGE WITHUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria RomanickMARIA ROMANICK
SECRETARY / TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul BreinerPAUL BREINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Emily ContrerasEMILY CONTRERAS
EXECUTIVE DIRECTOR
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431419349300413
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