Ashby Apartment Association
- Assets
- $176.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elbow Lake, MN
- Founding
- 05/1976
- Data as of
- 12/2018
- EIN
- 41-1263729
Organization Overview
Ashby Apartment Association is located in Elbow Lake, MN. The organization was established in 1976. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Ashby Apartment 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 12/2018, Ashby Apartment Association generated $38.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $51.9k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 4 years. 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
2018
Describe the Organization's Program Activity:
Part 3
ASHBY APARTMENT ASSOCIATION APARTMENTS WHICH ARE RENTED TO LOW AND MODERATE INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Anderson President | 0 | $0 | |
Evelyn Lang Treasurer | 0 | $0 | |
Tom Grover Director | 0 | $0 | |
Kathy Akerman Director | 0 | $0 | |
Bob Boren Director | 0 | $0 | |
Kathleen Johnson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,015 |
| Membership dues | $0 |
| Investment income | $43 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,814 |
| Total Revenue | $38,872 |
| 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 | $10,223 |
| Occupancy, rent, utilities, and maintenance | $14,777 |
| Printing, publications, postage, and shipping | $398 |
| Other expenses | $26,501 |
| Total expenses | $51,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,038 |
| Other assets | $0 |
| Total assets | $176,710 |
| Total liabilities | $163,562 |
| Net assets or fund balances | $13,148 |