Totals
- Total revenue
- $147,131
- Total expenses
- $217,090
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $147,120
- Investment income
- $11
- Other revenue
- $0
- Total assets, end of year
- $3,123,597
- Total liabilities, end of year
- $3,889,259
- Net assets or fund balances, end of year
- -$765,662
- Program services expenses (Part IX)
- $198,527
- Management and general expenses
- $18,563
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $198,527
Program services were 91.4% 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: Rental Income
total $147,120 · related or exempt $147,120
-
3 · Investment income
total $11 · excluded $11
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $14,750 · management and general $14,750
-
11c · Fees: accounting
total $3,813 · management and general $3,813
-
13 · Office expenses
total $306 · program services $306
-
16 · Occupancy
total $41,720 · program services $41,720
-
20 · Interest
total $56,588 · program services $56,588
-
22 · Depreciation, depletion and amortization
total $91,951 · program services $91,951
-
23 · Insurance
total $802 · program services $802
-
24a · Other expenses: Repairs & Maintenance
total $7,151 · program services $7,151
-
24e · All other expenses
total $9 · program services $9
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $132,817 · end of year $126,733
-
10a · Land, buildings and equipment: cost or other basis
$3,784,121
-
10b · Land, buildings and equipment: accumulated depreciation
$787,257
-
10c · Land, buildings and equipment, net
beginning of year $3,088,815 · end of year $2,996,864
-
21 · Escrow or custodial account liability
beginning of year $4,994 · end of year $5,614
-
23 · Secured mortgages and notes payable
beginning of year $3,912,341 · end of year $3,883,645
-
27 · Net assets without donor restrictions
beginning of year -$695,703 · end of year -$765,662
Mission and programs · 2023
Mission
To provide safe affordable housing for our community.
Activities or mission (Part I)
To provide affordable housing for low-income persons.
-
The Hazen Pioneer Apartment complex is an 18-unit multifaceted facility consisting of 14 one-bedroom apartment units that are available for eligible candidates as well as two, two-bedroom; and two, one-bedroom handicapped accessible apartment units. This complex was co-funded by approximately 50% in grant funds from the North Dakota Housing Incentive Fund (HIF) which was sponsored through the North Dakota Housing and Finance Agency (NDHFA). This long-term affordable housing project is therefore financed under the North Dakota Housing Finance Agency (NDHFA).
Expenses $198,527 · Revenue $147,120
As filed on the 2023 return.
Listed in Part VII
-
Carla Borlaug
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Troy Johnson
Vice-President
- Total calculated
- $0
- Hours/week
- 0.5
-
Darcy Kirchmeier
Secretary-Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Haley Wiedrich
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly Folkerts
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sandy Retterath
Manager
- Total calculated
- $0
- Hours/week
- 10
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
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349311766
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