Liberty Townhomes Association
- Assets
- $28.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Ulm, MN
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 20-4706158
Organization Overview
Liberty Townhomes Association is located in New Ulm, MN. The organization was established in 2007. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Liberty Townhomes Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Liberty Townhomes Association generated $25.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $18.9k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MAINTAINING COMMON AREAS INCLUDING LAWN CARE AND PAYMENT OF INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Poulson President | 2 | $0 | |
Joanne Christensen Treasurer | 1 | $0 | |
Jean Livermore Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $25,560 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,571 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $305 |
| Occupancy, rent, utilities, and maintenance | $12,584 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $5,977 |
| Total expenses | $18,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,614 |
| Other assets | $0 |
| Total assets | $28,614 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Oaks Home Owners Association Inc North Oaks, MN | $5,590,480 | $4,009,438 |
Minnesota Multi Housing Assn Bloomington, MN | $1,831,730 | $2,659,160 |
Platte Lake Property Owners Association Hillman, MN | $0 | $1,817,640 |
Eastern Iowa Regional Housing Corporation Dubuque, IA | $5,116,993 | $1,481,771 |
Home Builders Assn Of Des Moines Johnston, IA | $702,713 | $1,312,598 |
Panora Cooperative Cablevision Association Inc Panora, IA | $431,429 | $971,770 |
Greater Minneapolis Building Owners & Managers Association Minneapolis, MN | $1,087,906 | $899,811 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Wisconsin Association Of Campground Owners Inc Ettrick, WI | $402,292 | $621,884 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
Dodge County Dairy Testing Association Coop Juneau, WI | $312,749 | $593,710 |
Luther Crest Inc Bettendorf, IA | $3,063,865 | $405,832 |