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Nonprofiteer
← MINOT AREA COMMUNITY LAND TRUST

Form 990 for tax year 2022

Filed by MINOT AREA COMMUNITY LAND TRUST.

Totals

Total revenue
$69,263
Total expenses
$72,624
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$68,566
Investment income
$97
Other revenue
$600
Total assets, end of year
$1,303,592
Total liabilities, end of year
$19,916
Net assets or fund balances, end of year
$1,283,676
Program services expenses (Part IX)
$71,614
Management and general expenses
$1,010
Fundraising expenses
$0
Program service expenses (Part III)
$71,614

Program services were 98.6% 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 $68,566 · related or exempt $68,566

  • 3 · Investment income

    total $97 · excluded $97

  • 11a · Other revenue: MISCELLANEOUS

    total $600 · related or exempt $600

  • 11e · Other revenue, total

    $600

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11g · Fees: other

    total $23,031 · program services $23,031

  • 13 · Office expenses

    total $10 · management and general $10

  • 16 · Occupancy

    total $17,129 · program services $17,129

  • 17 · Travel

    total $448 · program services $448

  • 23 · Insurance

    total $12,674 · program services $12,674

  • 24a · Other expenses: REAL ESTATE TAXES

    total $17,416 · program services $17,416

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $483 · program services $483

  • 24c · Other expenses: MEMBERSHIP DUES

    total $261 · program services $261

  • 24d · Other expenses: MISC FINANCIAL EXPENSE

    total $162 · program services $162

  • 24e · All other expenses

    total $10 · program services $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,504 · end of year $35,664

  • 2 · Savings and temporary cash investments

    beginning of year $67,447 · end of year $52,544

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

    $1,215,384

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,215,384 · end of year $1,215,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,719

  • 25 · Other liabilities

    beginning of year $17,579 · end of year $19,916

  • 27 · Net assets without donor restrictions

    beginning of year $1,287,037 · end of year $1,283,676

Mission and programs · 2022

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 $71,614 · Revenue $69,166

As filed on the 2022 return.

Listed in Part VII

  • Willy Soderholm

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George Withus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Melisa Barnett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maria Romanick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Breiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Emily 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
2022
Filed
20 June 2023
IRS schema version
2022v5.0
Source object
202312069349300316

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