Rutland Housing Incorporated is located in Rutland, ND. The organization was established in 1971. 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. Rutland Housing Incorporated 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 12/2023, Rutland Housing Incorporated generated $83.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $87.8k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR MISSION IS TO PROVIDE THE ELDERLY AND LOW INCOME RESIDENTS WITH AFFORDABLE HOUSING. WE SERVICE 14 APARTMENTS IN 3 BUILDINGS IN RUTLAND, ND.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Bill Anderson V. President | 1 | $0 | |
| Delores Lynse President | 2 | $0 | |
| Carolyn Christensen Secretary | 2 | $0 | |
| Bertha Siemieniewski Operational | 15 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 | 
| Total Program Service Revenue | $83,716 | 
| Membership dues | $0 | 
| Investment income | $233 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $0 | 
| Other Revenue | $0 | 
| Total Revenue | $83,949 | 
| 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 | $1,506 | 
| Occupancy, rent, utilities, and maintenance | $79,194 | 
| Printing, publications, postage, and shipping | $7,123 | 
| Other expenses | $0 | 
| Total expenses | $87,823 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,576 | 
| Other assets | $0 | 
| Total assets | $285,745 | 
| Total liabilities | $396,781 | 
| Net assets or fund balances | -$111,036 |