Hospitality House Of Owatonna
- Assets
- $563.9k
- Revenue
- $368.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Owatonna, MN
- Founding
- 08/2010
- Data as of
- 12/2023
- EIN
- 26-3867536
Organization Overview
Hospitality House Of Owatonna is located in Owatonna, MN. The organization was established in 2010. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Hospitality House Of Owatonna employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitality House Of Owatonna 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 12/2023, Hospitality House Of Owatonna generated $368.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $228.8k during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 5 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
OFFER TEMPORARY AND EMERGENCY ACCOMMODATIONS FOR MEN WHO ARE TRANSITIONING THROUGH HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SAFE LODGING FOR HOMELESS MEN ON A SHORT TERM BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Mcmanimon President | OfficerTrustee | 3 | $0 |
Maureen Schlobohm Vice President - Part Year | OfficerTrustee | 2 | $0 |
Brad Svenby Treasurer | OfficerTrustee | 2 | $0 |
Ashley Thon Secretary | OfficerTrustee | 2 | $0 |
Robin Frette Director | Trustee | 1 | $0 |
Dan Wolfe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,222 |
| Noncash contributions included in lines 1a–1f | $350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,222 |
| Total Program Service Revenue | $0 |
| Investment income | $10,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $368,492 |
| 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 | $159,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,172 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $258 |
| Fees for services: Other | $1,470 |
| Advertising and promotion | $2,128 |
| Office expenses | $14,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,281 |
| Travel | $537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,696 |
| Insurance | $7,065 |
| All other expenses | $315 |
| Total functional expenses | $228,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,528 |
| Savings and temporary cash investments | $6,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $64,910 |
| Investments—publicly traded securities | $437,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,889 |
| Accounts payable and accrued expenses | $6,975 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,975 |
| Net assets without donor restrictions | $556,914 |
| 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 | $563,889 |