Buffalo Lake Area Housing Inc
- Assets
- $123.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo Lake, MN
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 41-1381911
Organization Overview
Buffalo Lake Area Housing Inc is located in Buffalo Lake, MN. The organization was established in 1980. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Buffalo Lake Area Housing Inc 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, Buffalo Lake Area Housing Inc generated $51.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $54.7k during the year ending 12/2022. 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
THE ORGANIZATION MANAGED AND MAINTAINED A LOW INCOME APARTMENT BUILDING IN THE CITY OF BUFFALO LAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Baumgarten President | 1 | $0 | |
Mark Taylor Vice Preside | 1 | $0 | |
Deb Deal Treasurer | 1 | $0 | |
Angela Weispfenning Secretary | 1 | $0 | |
Roger Newman Director | 1 | $0 | |
Kathy Wehking Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51,581 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,986 |
| Professional fees and other payments to independent contractors | $9,237 |
| Occupancy, rent, utilities, and maintenance | $21,924 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,578 |
| Total expenses | $54,725 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,972 |
| Other assets | $0 |
| Total assets | $123,383 |
| Total liabilities | $46,895 |
| Net assets or fund balances | $76,488 |