Westby Housing Associates Inc
- Assets
- $3.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- La Crescent, MN
- Founding
- 11/2002
- Data as of
- 06/2023
- EIN
- 01-0706379
Organization Overview
Westby Housing Associates Inc is located in La Crescent, MN. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westby Housing Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Westby Housing Associates Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR THE LOW-INCOME ELDERLY AND HANDICAPPED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE A 22-UNIT HOUSING APARTMENT BUILDING FOR LOW-INCOME HANDICAPPED TENANTS. TENANT RENTS ARE SUBSIDIZED BY US DEPT OF HOUSING AND URBAN DEVELOPMENT.
OWN AND OPERATE THREE 8-UNIT APARTMENT BUILDINGS FOR LOW-INCOME ELDERLY TENANTS. TENANT RENTS ARE SUBSIDEIZED BY US DEPT OF HOUSING AND URBAN DEVELOPMENT.
OWN AND OPERATE TWO, 12-UNIT HOUSING FACILITIES FOR LOW-INCOME HANDICAPPED TENATS. TENANT RENTS ARE SUBSIDIZED BY US DEPT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bing Zillmer President | OfficerTrustee | 1 | $0 |
Patti Dockendorff Vice President | OfficerTrustee | 0.3 | $0 |
Julie Creery Director | Trustee | 0.3 | $0 |
Peter Ames Director | Trustee | 0.3 | $0 |
Maureen Jameson Sec/treas | OfficerTrustee | 0.3 | $0 |
Rachel Hanson Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,682 |
| Total Program Service Revenue | $1,474,189 |
| Investment income | $583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,693,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $102,277 |
| Fees for services: Legal | $2,878 |
| Fees for services: Accounting | $42,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $512,484 |
| Advertising and promotion | $524 |
| Office expenses | $48,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $220,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $142,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $211,474 |
| Insurance | $61,877 |
| All other expenses | $0 |
| Total functional expenses | $1,750,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,920 |
| Net Land, buildings, and equipment | $2,806,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $808,635 |
| Total assets | $3,862,431 |
| Accounts payable and accrued expenses | $202,474 |
| Grants payable | $0 |
| Deferred revenue | $10,052 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $53,562 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,419,096 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,685,184 |
| Net assets without donor restrictions | -$1,822,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,862,431 |