Mueller Apartments Inc
- Assets
- $3.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 04/1978
- Data as of
- 06/2021
- EIN
- 39-1294266
Organization Overview
Mueller Apartments Inc is located in Watertown, WI. The organization was established in 1978. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Mueller Apartments 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 06/2021, Mueller Apartments Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUELLER APARTMENTS, INC OPERATES A 101-UNIT APARTMENT COMPLEX. MUELLER IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS, AS IT PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Fischer President | OfficerTrustee | 0.5 | $0 |
Robert Meidenbauer Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Scott Dettmann Asst Secretary/asst Treasu | OfficerTrustee | 0.5 | $0 |
William Oswald Vice President | OfficerTrustee | 0.5 | $0 |
Sherry Cira Cqo | Officer | 5 | $0 |
Julie Marks CFO | Officer | 5 | $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 | $1,210,688 |
| Investment income | $8,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,282,047 |
| 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 | $57,734 |
| Pension plan accruals and contributions | $846 |
| Other employee benefits | $6,699 |
| Payroll taxes | $4,309 |
| Fees for services: Management | $131,996 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,019 |
| Fees for services: Other | $84,873 |
| Advertising and promotion | $6,907 |
| Office expenses | $11,445 |
| Information technology | $9,608 |
| Royalties | $0 |
| Occupancy | $227,035 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,468 |
| Insurance | $16,152 |
| All other expenses | $0 |
| Total functional expenses | $1,007,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,754 |
| 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 | $2,290,809 |
| Investments—publicly traded securities | $750,429 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,780 |
| Total assets | $3,088,922 |
| Accounts payable and accrued expenses | $25,129 |
| Grants payable | $0 |
| Deferred revenue | $4,279 |
| 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 | $687,421 |
| Total liabilities | $716,829 |
| Net assets without donor restrictions | $2,372,093 |
| 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 | $3,088,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mueller Apartments Inc has recieved totaling $19,247.
| Awarding Organization | Amount |
|---|---|
Wheda Foundation Inc Madison, WI PURPOSE: Permanent | $19,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Odd Fellows Home Inc Northfield, MN | $22,867,310 | $19,456,798 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Volunteers Of America Inc Eden Prairie, MN | $8,598,450 | $19,135,120 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |
Vista Grande Villa Jackson, MI | $18,128,782 | $15,877,096 |
Phs Cottage Grove Inc Roseville, MN | $59,058,430 | $15,462,606 |
Evans Park Inc Elk River, MN | $42,762,027 | $16,308,522 |
Volunteers Of America Inc Eden Prairie, MN | $2,912,114 | $17,645,281 |
Fairhaven Christian Home Rockford, IL | $28,131,692 | $15,992,551 |
Carondelet Village Inc Roseville, MN | $51,351,409 | $15,659,631 |
Villa St Benedict Lisle, IL | $63,409,322 | $15,184,886 |
Peace Village Palos Park, IL | $24,451,475 | $12,276,916 |