DEERWOOD HOUSING INC

Address
PO BOX 76
DEERWOOD, MN 56444
Contact
Phone: +1 (218) 534-2912
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 23-7428328

Mission

PROVIDE RENTAL PROPERTIES AND ADMINISTER PROGRAMS PROVIDING LOW RENTAL HOUSING TO ELDERLY PERSONS WITH LOW INCOME.
 20172016201520142013
Basic features of the organization
Subsection code04
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$31,980.00$6,600.00   
Number of employees33   
Personnel
Edmundson, Troy
TitlePRESIDENT    
Name of key/compensated personTROY EDMUNDSON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org5.00    
Reportable compensation from org$1,500.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Hoge, Barb
TitleHOUSING DIRE    
Name of key/compensated personBARB HOGE    
Position of compensated person
Average hours per week working for org35.00    
Reportable compensation from org$25,380.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDE LOW-RENT HOUSINGPROVIDE LOW-RENT HOUSING   
Program service expenses, total$209,031.00$205,071.00   
Programs, including revenue & expenses
PROVIDE RENTAL PROPERTIES AND ADMINISTER PROGRAMS PROVIDING LOW RENTAL HOUSING TO ELDERLY PERSONS WITH LOW INCOME.
Program expenses $205,071.00   
Program revenue $194,488.00   
Program descriptionPROVIDE RENTAL PROPERTIES AND ADMINISTER PROGRAMS PROVIDING LOW RENTAL HOUSING TO ELDERLY PERSONS WITH LOW INCOME.PROVIDE RENTAL PROPERTIES AND ADMINISTER PROGRAMS PROVIDING LOW RENTAL HOUSING TO ELDERLY PERSONS WITH LOW INCOME.   
Financial data
Revenue
Total revenue$194,683.00$194,567.00   
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$178.00$79.00   
Total revenue from grants, etc., current yr$0.00$0.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$0.00$0.00   
Program service revenue (total)$194,505.00$194,488.00$191,260.00$191,099.00$186,242.00
Gross receipts$194,683.00$194,567.00   
Other types of revenue
Income from dividends, interest, and similar investments$178.00$79.00   
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$209,031.00$205,071.00   
Total functional expenses: program service $209,031.00$205,071.00   
Total functional expenses: management and general$0.00$0.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
General management fees (total) $24,440.00   
Assets and liabilities
Total assets$713,761.00$736,436.00$753,694.00$753,065.00$676,597.00
Total assets, beginning of year$736,436.00$753,694.00   
Total liabilities$264,630.00$272,957.00$279,711.00$279,090.00$220,767.00
Total liabilities, beginning of year$272,957.00$279,711.00   
Unrestricted net assets, end of yr$449,131.00$463,479.00   
Net assets$449,131.00$463,479.00   
Net assets, beginning of year$463,479.00$473,983.00   
Cash: non-interest bearing$26,306.00$25,794.00   
Cash: non-interest bearing, beginning of year$25,794.00$35,347.00   
Other financial variables
Revenue less expenses-$14,348.00-$10,504.00   
Advertising (total)$1,736.00$1,772.00   
Savings & temp cash investment$73,991.00$69,828.00   
Accounts payable & accrued expenses$10,601.00$11,501.00   
Secured mortgages and notes payable$254,029.00$261,456.00   
Total net assets or fund balances$449,131.00$463,479.00   
Depreciation, depletion, amortization$54,671.00$56,893.00   
Governance and accountability
Number of voting members55   
Number of independent voting members55   
Financial sheets audited True   
Cash accountingTrueTrue   
Tax year start date2017-01-012016-01-01   
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2018-09-192017-09-20   
IRS schema version2017v2.32016v3.0   
Filing identifier201821359349303447201731359349306643   
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