Liberty Townhomes Association
- Assets
- $34.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Ulm, MN
- Founding
- 03/2007
- Data as of
- 12/2022
- 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 12/2022, Liberty Townhomes Association generated $25.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $20.5k during the year ending 12/2022. While expenses have increased by 8.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 | |
Susan Babel Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $25,920 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,933 |
| 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 | $2,304 |
| Occupancy, rent, utilities, and maintenance | $10,592 |
| Printing, publications, postage, and shipping | $141 |
| Other expenses | $7,459 |
| Total expenses | $20,496 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,051 |
| Other assets | $0 |
| Total assets | $34,051 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,051 |