Nicollet Meadows Housing Group

Address
2401 Broadway Ave No 4
Slayton, MN 56172
Contact
Phone: +1 (507) 836-8547
Nonprofit
NTEE: L50 - Housing Owners, Renters Organizations
EIN: 41-2019031

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.
 20162015201420132012
Basic features of the organization
Year of formation2001
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers33333
Number of highly compensated contractors0000 
Personnel
Fischer, Mary
TitleVice Chair    
Name of key/compensated personMary Fischer    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $280.00    
Average hours per week working for related orgs0.00    
Goodemann, Rick
TitleSecretary - TreasurerSecretary - TreasurerSECRETARY - TREASURERSECRETARY - TREASURERSECRETARY - TREASURER
Name of key/compensated personRick GoodemannRick GoodemannRICK GOODEMANNRICK GOODEMANNRICK GOODEMANN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$12,000.00$10,915.00$10,105.00$9,233.00$11,722.00
Corresponding comp from related orgs
Reportable compensation from related orgs $103,504.00$99,935.00$94,715.00$90,805.00$98,960.00
Average hours per week working for related orgs40.0040.0040.0040.0040.00
McGuire, Jerry
TitleChairVice ChairVICE CHAIRVICE CHAIRVICE CHAIR
Name of key/compensated personJerry McGuireJerry McGuireJERRY MCGUIREJERRY MCGUIREJERRY MCGUIRE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$40.00$0.00$0.00
Average hours per week working for related orgs0.00 0.000.00 
Swedzinski, Frank
Title ChairCHAIRCHAIRCHAIR
Name of key/compensated person Frank SwedzinskiFRANK SWEDZINSKIFRANK SWEDZINSKIFRANK SWEDZINSKI
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$40.00$0.00$0.00
Average hours per week working for related orgs  0.000.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.PROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.PROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.PROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.PROVIDING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.
Program service expenses, total$1,047,162.00$955,077.00$957,983.00$877,253.00$858,533.00
Programs, including revenue & expenses
OPERATE A 136-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.
Program expenses$1,047,162.00$955,077.00$957,983.00$877,253.00$858,533.00
Program revenue$919,402.00$945,383.00$891,870.00$890,407.00$842,040.00
Program descriptionOPERATE A 136-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.OPERATE A 136-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.OPERATE A 6-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.OPERATE A 6-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.OPERATE A 5-UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.
Financial data
Revenue
Total revenue$930,450.00$956,067.00$907,680.00$905,475.00$857,242.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$11,048.00$10,684.00$15,810.00$15,068.00$15,202.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$27,636.00$30,814.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$919,402.00$945,383.00$891,870.00$862,771.00$811,226.00
Gross receipts$930,450.00$956,067.00$907,680.00$905,475.00$857,242.00
Other types of revenue
Miscellaneous revenue (total)   $27,636.00$30,814.00
Income from dividends, interest, and similar investments$11,048.00$10,684.00$15,810.00$15,068.00$15,202.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$1,054,662.00$962,577.00$965,483.00$884,753.00$891,283.00
Total functional expenses: program service $1,047,162.00$955,077.00$957,983.00$877,253.00$858,533.00
Total functional expenses: management and general$7,500.00$7,500.00$7,500.00$7,500.00$32,750.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$2,931.00$434.00$2,884.00$904.00$2,257.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$87,351.00$85,785.00$80,700.00$78,611.00$105,859.00
Assets and liabilities
Total assets$9,132,585.00$9,236,818.00$9,202,421.00$9,206,680.00$9,007,932.00
Total assets, beginning of year$9,236,818.00$9,202,421.00$9,206,680.00$9,007,932.00$9,355,892.00
Total liabilities$9,003,060.00$8,983,081.00$8,942,174.00$8,888,630.00$8,710,604.00
Total liabilities, beginning of year$8,983,081.00$8,942,174.00$8,888,630.00$8,710,604.00$9,024,523.00
Unrestricted net assets, end of yr$129,525.00$253,737.00$260,247.00$318,050.00$297,328.00
Net assets$129,525.00$253,737.00$260,247.00$318,050.00$297,328.00
Net assets, beginning of year$253,737.00$260,247.00$318,050.00$297,328.00$331,369.00
Other liabilities$44,010.00$43,200.00$41,240.00$42,773.00$39,419.00
Other assets$0.00$12,955.00$13,471.00$13,987.00$14,503.00
Cash: non-interest bearing$525,271.00$549,631.00$448,873.00$478,341.00$348,247.00
Cash: non-interest bearing, beginning of year$549,631.00$448,873.00$478,341.00$348,247.00$50,230.00
Other financial variables
Revenue less expenses-$124,212.00-$6,510.00-$57,803.00$20,722.00-$34,041.00
Advertising (total)$4,220.00$3,675.00$4,396.00$4,936.00$4,635.00
Savings & temp cash investment$2,407,603.00$2,325,682.00$2,245,972.00$2,071,040.00$1,970,666.00
Accounts receivable, net$40,417.00$42,785.00$40,764.00$43,499.00$274,722.00
Prepaid expenses & deferred charges$4,029.00$1,393.00$29,563.00$1,393.00$983.00
Accounts payable & accrued expenses$45,592.00$48,633.00$45,308.00$28,253.00$62,307.00
Secured mortgages and notes payable$8,913,458.00$8,891,248.00$8,855,626.00$8,817,604.00$8,608,878.00
Total net assets or fund balances$129,525.00$253,737.00$260,247.00$318,050.00$297,328.00
Depreciation, depletion, amortization$232,452.00$185,701.00$180,307.00$180,056.00$165,946.00
Governance and accountability
Number of voting members33333
Number of independent voting members22222
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-032017-04-102016-02-182014-12-302013-12-24
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201743189349302909201633209349317678201543209349303484201403219349306005201343129349302179
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