Newfolden Community Homes
- Assets
- $110.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newfolden, MN
- Founding
- 12/1975
- Data as of
- 12/2022
- EIN
- 51-0157256
Organization Overview
Newfolden Community Homes is located in Newfolden, MN. The organization was established in 1975. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newfolden Community Homes 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, Newfolden Community Homes generated $67.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $75.1k 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
TO PROVIDE AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Sethre President | 1 | $0 | |
Norman Lindemoen Vice President | 1 | $0 | |
Pat Moen Secretary | 1 | $0 | |
Marsha Anderson Officer | 1 | $0 | |
Diane Rokke Officer | 1 | $0 | |
Darin Jacobson Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $67,399 |
| Membership dues | $0 |
| Investment income | $307 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,706 |
| 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 | $17,209 |
| Occupancy, rent, utilities, and maintenance | $57,735 |
| Printing, publications, postage, and shipping | $123 |
| Other expenses | $0 |
| Total expenses | $75,067 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,642 |
| Other assets | $0 |
| Total assets | $110,545 |
| Total liabilities | $82,391 |
| Net assets or fund balances | $28,154 |