Totals
- Total revenue
- $432,803
- Total expenses
- $442,743
- Contributions and grants received
- $285,531
- Grants paid
- $0
- Program service revenue
- $147,109
- Investment income
- $163
- Other revenue
- $0
- Total assets, end of year
- $1,734,191
- Total liabilities, end of year
- $688,401
- Net assets or fund balances, end of year
- $1,045,790
- Program services expenses (Part IX)
- $358,252
- Management and general expenses
- $84,491
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $358,252
Program services were 80.9% 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)
$285,531
-
2a · Program service revenue: RENTAL REVENUE
total $147,109 · related or exempt $147,109
-
3 · Investment income
total $163 · excluded $163
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $82,349 · program services $77,061 · management and general $5,288
-
8 · Pension plan contributions
total $6,274 · program services $5,871 · management and general $403
-
9 · Other employee benefits
total $21,334 · program services $19,964 · management and general $1,370
-
10 · Payroll taxes
total $5,557 · program services $5,200 · management and general $357
-
11a · Fees: management
total $36,036 · management and general $36,036
-
11b · Fees: legal
total $116 · management and general $116
-
11c · Fees: accounting
total $6,650 · management and general $6,650
-
13 · Office expenses
total $3,702 · management and general $3,702
-
16 · Occupancy
total $129,211 · program services $129,211
-
20 · Interest
total $22,532 · program services $22,532
-
22 · Depreciation, depletion and amortization
total $55,245 · program services $55,245
-
23 · Insurance
total $22,334 · program services $22,334
-
24a · Other expenses: MISCELLANEOUS
total $30,752 · program services $183 · management and general $30,569
-
24b · Other expenses: BAD DEBT EXPENSE
total $16,352 · program services $16,352
-
24c · Other expenses: RENTAL EXPENSES
total $4,299 · program services $4,299
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $199,077 · end of year $189,417
-
2 · Savings and temporary cash investments
beginning of year $483,201 · end of year $550,727
-
4 · Accounts receivable
beginning of year $39,017 · end of year $8,996
-
9 · Prepaid expenses and deferred charges
beginning of year $10,305 · end of year $10,857
-
10a · Land, buildings and equipment: cost or other basis
$2,256,477
-
10b · Land, buildings and equipment: accumulated depreciation
$1,311,969
-
10c · Land, buildings and equipment, net
beginning of year $998,124 · end of year $944,508
-
15 · Other assets
beginning of year $31,314 · end of year $29,686
-
17 · Accounts payable and accrued expenses
beginning of year $20,859 · end of year $25,890
-
19 · Deferred revenue
beginning of year $6,983 · end of year $10,392
-
23 · Secured mortgages and notes payable
beginning of year $658,406 · end of year $633,879
-
25 · Other liabilities
beginning of year $19,060 · end of year $18,240
-
27 · Net assets without donor restrictions
beginning of year $1,055,730 · end of year $1,045,790
Mission and programs · 2022
Mission
TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
Activities or mission (Part I)
PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
-
HOMESTEAD PLACE PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.
Expenses $358,252 · Revenue $147,109
As filed on the 2022 return.
Listed in Part VII
-
Curt KreunCURT KREUN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joan JohnsonJOAN JOHNSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Terry HansonTERRY HANSON
SECRETARY - NON VOTING
- Total calculated
- $0
- Hours/week
- 1
-
Fayme Stringer-HenryFAYME STRINGER-HENRY
DIRECTOR (THROUGH DECEMBER 2022)
- Total calculated
- $0
- Hours/week
- 1
-
Bret WeberBRET WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy MorrisJEREMY MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zac IstaZAC ISTA
DIRECTOR (STARTED DECEMBER 2022)
- 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
- 14 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302359349301660
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