East Edina Housing Foundation
- Assets
- $11.9m
- Revenue
- $223.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 36-3354189
Organization Overview
East Edina Housing Foundation is located in Edina, MN. The organization was established in 1986. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, 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. East Edina Housing Foundation 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 12/2021, East Edina Housing Foundation generated $223.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $252.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW AND MODERATE INCOME HOUSEHOLDS WITH A FINANCING TOOL SO THEY CAN ACQUIRE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COME HOME TO EDINA
BUILDING ACQUISITION FOR FUTURE REDEVELOPMENT: 4040 WEST 70TH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kay Mcnee Secretary/treasurer | OfficerTrustee | 4 | $0 |
Jerry Gilligan Vice President | OfficerTrustee | 4 | $0 |
Ann Swenson Vice President | OfficerTrustee | 4 | $0 |
Jeff Huggett President | OfficerTrustee | 4 | $0 |
Bernadette Hornig Vice President | OfficerTrustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $132,372 |
| Investment income | $26,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,795 |
| 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 | $82,411 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,400 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $252,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,230 |
| Savings and temporary cash investments | $1,894,518 |
| 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 | $3,445,352 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $369,926 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,326,793 |
| Total assets | $11,914,819 |
| Accounts payable and accrued expenses | $41,368 |
| 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 | $3,650,000 |
| Total liabilities | $3,691,368 |
| Net assets without donor restrictions | $8,223,451 |
| 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 | $11,914,819 |
Grants Awarded
Over the last fiscal year, East Edina Housing Foundation has awarded $116,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: To support a new residence in Edina; Beacon Interfaith supports homeless youth in the community. | $100,000 |
Minnetonka, MN PURPOSE: Support the Housing and Outdoor Maintenance for the Elderly Program (H.O.M.E.) for senior citizens living in the EEHF neighborhood. Providing indoor and outdoor chore services on a sliding fee scale. | $16,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Walker Assisted Living Corp I Minnetonka, MN | $6,334,685 | $6,359,190 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Mazaska Owecaso Otipi Financial Inc Pine Ridge, SD | $8,605,791 | $1,745,280 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Steele County Transitional Housing Inc Owatonna, MN | $278,166 | $480,776 |
Webster Supportive Housing Inc St Paul, MN | $1,386,360 | $233,041 |
Chariton Valley Regional Housing Trust Fund Inc Centerville, IA | $1,328,374 | $578,135 |
East Edina Housing Foundation Edina, MN | $11,914,819 | $223,517 |
Asi Chandler Inc St Paul, MN | $1,055,723 | $168,051 |
Neighborhood Housing Services Of Davenport Inc Davenport, IA | $2,226,837 | $153,768 |