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Nonprofiteer
← MARENGO HOUSING CORP

Form 990 for tax year 2024

Filed by MARENGO HOUSING CORP.

Totals

Total revenue
$144,992
Total expenses
$71,710
Contributions and grants received
$43,575
Grants paid
$0
Program service revenue
$33,454
Investment income
$22,276
Other revenue
$45,687
Total assets, end of year
$1,325,936
Total liabilities, end of year
$674,678
Net assets or fund balances, end of year
$651,258
Program services expenses (Part IX)
$71,710
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$71,710

Program services were 100.0% 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)

    $43,575

  • 2a · Program service revenue: LAUNDRY/ VENDING

    total $7,093 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: OTHER PROJECT SOURCES

    total $23,431 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: TENANT CHARGES

    total $2,930 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $22,276 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $274,035

  • 6b · Less rental expenses

    real property $228,348

  • 6c · Rental income or loss

    real property $45,687

  • 6d · Net rental income or loss

    total $45,687 · related or exempt $45,687

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $58,412 · program services $58,412 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $66 · program services $66 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $7,362 · program services $7,362 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $26 · program services $26 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,844 · program services $5,844 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: MAINTENANCE

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,649 · end of year $123,770

  • 2 · Savings and temporary cash investments

    beginning of year $409,343 · end of year $429,151

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

    $3,359,229

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

    $2,586,214

  • 10c · Land, buildings and equipment, net

    beginning of year $749,537 · end of year $773,015

  • 23 · Secured mortgages and notes payable

    beginning of year $682,198 · end of year $650,031

  • 25 · Other liabilities

    beginning of year $23,355 · end of year $24,647

  • 31 · Retained earnings, endowment or other funds

    beginning of year $577,976 · end of year $651,258

Mission and programs · 2024

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES THROUGH A PROGRAM WITH THE US DEPT. OF AGRICULTURAL, RURAL DEVELOPMENT AGENCY, & CONTRIBUTIONS TO THE COMMUNITY.

  • PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES THROUGH A PROGRAM WITH THE US DEPT. OF AGRICULTURE, RURAL DEVELOPMENT AGENCY, AND CONTRIBUTIONS TO THE COMMUNITY

    Expenses $71,710

As filed on the 2024 return.

Listed in Part VII

  • Kim Nelson

    VP

    Total calculated
    $0
    Hours/week
    0.5

  • Crystal Benscoter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sandra Folkmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jutta Denson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tj Kloster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cameron Miles

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

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
2024
Filed
1 July 2025
IRS schema version
2024v5.2
Source object
202531829349300613

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