MINNESOTA HOME OWNERSHIP CENTER: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MINNESOTA HOME OWNERSHIP CENTER (EIN 41-1741817)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-06-06
- IRS object ID
- 202431589349301213
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-06-06T14:57:29-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 920370318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDPATH AND COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4810 WHITE BEAR PARKWAY | AddressLine1Txt |
| City | WHITE BEAR LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411741817 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA HOME OWNERSHIP CENTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MINN | BusinessNameControlTxt |
| Phone | 6516599336 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE SUITE 200 | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JULIE GUGIN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6516599336 | PhoneNum |
| Signature | 2024-06-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JULIE | PersonFirstNm |
| Person Last | GUGIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CATHY LYDON CPA | PreparerPersonNm |
| PTIN | P03217215 | PTIN |
| Phone | 6514267000 | PhoneNum |
| Preparation | 2024-06-04 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | JULIE GUGIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE SUITE 200 | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,147,192 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOCMN.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | HOME OWNERSHIP EDUCATION AND COUNSELING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 15 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,376,747 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,883,711 | CYContributionsGrantsAmt |
| PY Program Service Revenue | -$100,554 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $206,473 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$94,529 | PYInvestmentIncomeAmt |
| CY Investment Income | $299,790 | CYInvestmentIncomeAmt |
| PY Other Revenue | $17,220 | PYOtherRevenueAmt |
| CY Other Revenue | $35,775 | CYOtherRevenueAmt |
| PY Total Revenue | $7,198,884 | PYTotalRevenueAmt |
| CY Total Revenue | $3,425,749 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $635,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,200,245 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,146,711 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $25,540 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $24,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $27,708 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,329,897 | PYOtherExpensesAmt |
| CY Other Expenses | $2,133,849 | CYOtherExpensesAmt |
| PY Total Expenses | $8,555,682 | PYTotalExpensesAmt |
| CY Total Expenses | $3,939,560 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,356,798 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$513,811 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,152,614 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,260,394 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,289,011 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $970,821 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,863,603 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,289,573 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MINNESOTA HOME OWNERSHIP CENTER PROMOTES AND ADVANCES SUCCESSFUL HOME OWNERSHIP IN MINNESOTA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,130,963 | ExpenseAmt |
| Grant | $635,000 | GrantAmt |
| Revenue | $242,248 | RevenueAmt |
| Desc | THE MINNESOTA HOME OWNERSHIP CENTER IS A NON-PROFIT INTERMEDIARY ORGANIZATION DEDICATED TO HELPING MINNESOTANS WITH LOW AND MODERATE INCOMES TO PURCHASE AND MAINTAIN HOMES. FUNDING ORGANIZATIONS INCLUDE FOUNDATIONS, REAL ESTATE AND MORTGAGE FINANCE INSTITUTIONS, GOVERNMENT AGENCIES AND OTHER INDUSTRY STAKEHOLDERS DEDICATED TO INCREASING ACCESS AND OPPORTUNITY TO AFFORDABLE AND SUSTAINABLE HOME OWNERSHIP. AS AN INTERMEDIARY, THE CENTER PROVIDES TRAINING AND CERTIFICATION, CURRICULUM AND SUPPORT PRODUCTS, TECHNICAL ASSISTANCE, DATA COLLECTION TOOLS, FUNDING AND OVERSIGHT FOR A NETWORK OF MORE THAN 35 COMMUNITY-BASED ORGANIZATIONS SERVING RESIDENTS OF MINNESOTA. THESE SERVICE DELIVERY PARTNERS PROVIDE COMPREHENSIVE HOMEOWNERS EDUCATION AND COUNSELING TO PROSPECTIVE AND EXISTING HOMEOWNERS WITH LOW AND MODERATE INCOMES. TARGET POPULATIONS INCLUDED PEOPLE OF COLOR, IMMIGRANTS, AND OTHERS WHO HAVE TRADITIONALLY HAD DIFFICULTY PURCHASING AND MAINTAINING HOMES. | Desc |
| Total Program Service Expenses | $3,130,963 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 15 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6516599336 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 PAYNE AVENUE SUITE 200 | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BEARD TARA | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| BIPES ROBYN | |||||||
| BOARD CHAIR | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| COLEMAN AARICA | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| CROSBY BRIAN | |||||||
| SECRETARY | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BURCH KIRSTIN | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| ERCHUL JIM | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| EL-SAWAF MOHAMMED | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| HEALY NANCY | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| KIMBALL ROXANNE | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| LINDSTROM DAVID | |||||||
| TREASURER | 0.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MCDONALD DARCY | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| PANNKUK PATTY | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| RAVERTY KEENAN | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| ROCKER JOHN | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| SOLIS ZUIKER VIRGINIA | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| SPELLMAN MATT | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| STEINHAGEN JULIE | |||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| TENG ROSE | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| THOMPSON JEN | |||||||
| VICE CHAIR | 0.20 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| WREH-WILSON STEPHEN | |||||||
| BOARD MEMBER | 0.20 | Yes (X) | $0 | $0 | $0 | ||
| GUGIN JULIE | |||||||
| PRESIDENT | 40.00 | $221,000 | $0 | $33,996 | Yes (X) | ||
| PEDERSON KAREN | |||||||
| ASSOCIATE DIRECTOR | 40.00 | $147,111 | $0 | $11,606 | Yes (X) | ||
| WALKER BROOKE | |||||||
| DIRECTOR | 40.00 | $108,464 | $0 | $17,067 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $476,575 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $62,669 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,400,592 | GovernmentGrantsAmt |
| All Other Contributions | $1,483,119 | AllOtherContributionsAmt |
| Total Contributions | $2,883,711 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FEES FOR SERVICE | 541900 | $492,736 | $492,736 |
| LOAN REPAYMENT | 624200 | $22,378 | $22,378 |
| TRAINING FEES | 541900 | $18,825 | $18,825 |
| FRAMEWORK HOMEOWNERSHI | 541900 | -$327,466 | -$327,466 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $206,473 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $398,778 | TotalRevenueColumnAmt |
| Exclusion | $398,778 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,622,455 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,721,443 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$98,988 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$98,988 | TotalRevenueColumnAmt |
| Exclusion | -$98,988 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $16,875 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,875 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,875 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $18,900 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,900 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $18,900 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,425,749 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $242,248 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $299,790 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $635,000 | TotalAmt |
| Program Services | $635,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,996 | TotalAmt |
| Program Services | $86,699 | ProgramServicesAmt |
| Management And General | $163,197 | ManagementAndGeneralAmt |
| Fundraising | $5,100 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $676,779 | TotalAmt |
| Program Services | $478,375 | ProgramServicesAmt |
| Management And General | $198,404 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,881 | TotalAmt |
| Program Services | $35,759 | ProgramServicesAmt |
| Management And General | $25,839 | ManagementAndGeneralAmt |
| Fundraising | $283 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,789 | TotalAmt |
| Program Services | $59,723 | ProgramServicesAmt |
| Management And General | $25,604 | ManagementAndGeneralAmt |
| Fundraising | $462 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,266 | TotalAmt |
| Program Services | $42,081 | ProgramServicesAmt |
| Management And General | $24,920 | ManagementAndGeneralAmt |
| Fundraising | $265 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,119 | TotalAmt |
| Program Services | $3,601 | ProgramServicesAmt |
| Management And General | $4,518 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,510 | TotalAmt |
| Program Services | $58,659 | ProgramServicesAmt |
| Management And General | $37,325 | ManagementAndGeneralAmt |
| Fundraising | $526 | FundraisingAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,510 | TotalAmt |
| Management And General | $32,510 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,000 | TotalAmt |
| Fundraising | $24,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,976 | TotalAmt |
| Management And General | $103,976 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $217,383 | TotalAmt |
| Program Services | $180,242 | ProgramServicesAmt |
| Management And General | $41,133 | ManagementAndGeneralAmt |
| Fundraising | -$3,992 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,555 | TotalAmt |
| Program Services | $15,555 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,749 | TotalAmt |
| Program Services | $17,059 | ProgramServicesAmt |
| Management And General | $11,536 | ManagementAndGeneralAmt |
| Fundraising | $154 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,216 | TotalAmt |
| Program Services | $35,995 | ProgramServicesAmt |
| Management And General | $25,900 | ManagementAndGeneralAmt |
| Fundraising | $321 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,340 | TotalAmt |
| Program Services | $4,002 | ProgramServicesAmt |
| Management And General | $7,186 | ManagementAndGeneralAmt |
| Fundraising | $152 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,883 | TotalAmt |
| Program Services | $3,401 | ProgramServicesAmt |
| Management And General | $6,482 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,759 | TotalAmt |
| Program Services | $35,106 | ProgramServicesAmt |
| Management And General | $22,338 | ManagementAndGeneralAmt |
| Fundraising | $315 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,608 | TotalAmt |
| Program Services | $5,232 | ProgramServicesAmt |
| Management And General | $3,329 | ManagementAndGeneralAmt |
| Fundraising | $47 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| HOME OWNERSHIP COUNSELI | $1,421,700 | $1,421,700 | ||
| STAFF RECRUITING AND DE | $23,820 | $100 | $23,720 | |
| DUES AND SUBSCRIPTIONS | $15,435 | $8,490 | $6,870 | $75 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,286 | TotalAmt |
| Program Services | $4,184 | ProgramServicesAmt |
| Management And General | $16,102 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,939,560 | TotalAmt |
| Program Services | $3,130,963 | ProgramServicesAmt |
| Management And General | $780,889 | ManagementAndGeneralAmt |
| Fundraising | $27,708 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $664,069 | BOYAmt |
| EOY | $1,458,152 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $743,560 | BOYAmt |
| EOY | $496,228 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $796,657 | BOYAmt |
| EOY | $515,677 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $18,874 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,085 | BOYAmt |
| EOY | $43,384 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $632,367 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $452,247 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,379 | BOYAmt |
| EOY | $180,120 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,155,950 | BOYAmt |
| EOY | $10,685,762 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $804,749 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,584,914 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $57,448 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,152,614 | BOYAmt |
| EOY | $14,260,394 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $766,420 | BOYAmt |
| EOY | $913,664 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $522,591 | BOYAmt |
| EOY | $57,157 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,289,011 | BOYAmt |
| EOY | $970,821 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,402,092 | BOYAmt |
| EOY | $12,389,573 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $461,511 | BOYAmt |
| EOY | $900,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,863,603 | BOYAmt |
| EOY | $13,289,573 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,152,614 | BOYAmt |
| EOY | $14,260,394 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$513,811 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $939,781 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,816,017 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,370,155 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,804,937 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,376,747 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,883,711 | CurrentTaxYearAmt |
| Total | $21,251,567 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,816,017 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,370,155 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,804,937 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,376,747 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,883,711 | CurrentTaxYearAmt |
| Total | $21,251,567 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,530,780 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,720,787 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $145,784 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $286,444 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $214,534 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $258,395 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $398,778 | CurrentTaxYearAmt |
| Total | $1,303,935 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $22,555,502 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $5,184,845 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.87430 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91650 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $32,510 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $32,510 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | IN 2023, THE ORGANIZATION PARTNERED WITH ANOTHER ORGANIZATION TO HIRE A LOBBYIST. THE TWO ADOPTED AND FORWARDED A LEGISLATIVE AGENDA IN THE STATE LEGISLATURE. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $112,958 | OtherCostOrOtherBasisAmt |
| Depreciation | $112,957 | DepreciationAmt |
| Book Value | $1 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $104,174 | OtherCostOrOtherBasisAmt |
| Depreciation | $96,104 | DepreciationAmt |
| Book Value | $8,070 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $415,235 | OtherCostOrOtherBasisAmt |
| Depreciation | $243,186 | DepreciationAmt |
| Book Value | $172,049 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $180,120 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PRIVATE CREDIT FUND | $404,003 | F |
| REAL ESTATE INCOME TRUST | $400,746 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $804,749 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,362,485 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $939,781 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $100,931 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,040,712 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,321,773 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $103,976 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $103,976 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,425,749 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,936,515 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $100,931 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $100,931 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,835,584 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $103,976 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $103,976 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,939,560 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE CENTER ENTERED INTO A FUNDS MANAGEMENT AGREEMENT WITH THE PLANNING GROUP REPRESENTING AFFORDABLE HOMES CONGRESS. THE CENTER MAINTAINED A CHECKING ACCOUNT, MAINTAINED ACCOUNTS PAYABLE AND ACCOUNTS RECEIVABLE, AND RECONCILED BANK STATEMENTS MONTHLY. AT NO TIME WILL MINNESOTA HOME OWNERSHIP CENTER BE OBLIGATED TO ADVANCE OR PROVIDE FUNDS TO SUPPORT THE PLANNING GROUP. |
| PART X, LINE 2: | A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE CENTER HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. |
| PART XII, LINE 4B: | COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED IN INVENTORY SALES COST ON 990. PART XIII, LINE 2D: COST OF GOODS SOLD REPORTED AS EXPENSE ON FINANCIAL STATEMENTS AND REPORTED AS INVENTORY SALES COST ON 990. |
| PART XI & PART XII | THE CENTER ADOPTED THE PROVISIONS OF ASC 842, LEASES, USING THE MODIFIED RETROSPECTIVE APPROACH WITH JANUARY 1, 2022 AS THE DATE OF INITIAL ADOPTION. THE CENTER ELECTED THE PACKAGE OF PRACTICAL EXPEDIENTS PERMITTED UNDER THE TRANSITION GUIDANCE WITHIN THE NEW STANDARD, WHICH AMONG OTHER THINGS, ALLOWED THE CENTER TO CARRY FORWARD THE HISTORICAL LEASE CLASSIFICATION. ADOPTION OF THE NEW STANDARD DID NOT MATERIALLY IMPACT THE CENTER'S NET ASSETS OR CASH FLOWS. EFFECTIVE JANUARY 1, 2022, THE ORGANIZATION ADOPTED THE PROVISIONS OF ACCOUNTING STANDARDS UPDATE (ASU) 2020-07, NOT-FOR-PROFIT ENTITIES (TOPIC 958): PRESENTATION AND DISCLOSURES BY NOT-FOR-PROFIT ENTITIES FOR CONTRIBUTED NONFINANCIAL ASSETS. THE NEW GUIDANCE REQUIRES NONPROFIT ENTITIES TO PRESENT CONTRIBUTED NONFINANCIAL ASSETS AS A SEPARATE LINE ITEM IN THE STATEMENT OF ACTIVITIES, APART FROM CONTRIBUTIONS OF CASH OR OTHER FINANCIAL ASSETS. THE STANDARD ALSO INCREASES THE DISCLOSURE REQUIREMENTS AROUND CONTRIBUTED NONFINANCIAL ASSETS, INCLUDING DISAGGREGATING BY CATEGORY THE TYPES OF CONTRIBUTED NONFINANCIAL ASSETS A NONPROFIT ENTITY HAS RECEIVED. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMPLIFY DMC LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1375 ST ANTHONY AVENUE SUITE 201 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | GENERAL FUNDRAISING | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $24,000 | RetainedByContractorAmt |
| Net To Organization | $0 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $24,000 | TotalRetainedByContractorsAmt |
| Licensed States | MN | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| TWIN CITIES HABITAT FOR HUMANITY | ||||||||
| 1954 UNIVERSITY AVE W | ST PAUL | MN | 55104 | 363363171 | 501(C)(3) | $500,000 | $0 | DOWN PAYMENT ASSISTANCE |
| BUILD WEALTH MN INC | ||||||||
| 2121 PLYMOUTH AVE N | MINNEAPOLIS | MN | 55411 | 251918239 | 501(C)(3) | $45,000 | $0 | CAPACITY BUILDING |
| NEIGHBORWORKS HOME PARTNERS | ||||||||
| 533 DALE STREET N | ST PAUL | MN | 55103 | 411386089 | 501(C)(3) | $45,000 | $0 | CAPACITY BUILDING |
| FIRST INDEPENDENCE BANK | ||||||||
| 7310 WOODWARD AVE STE 101 | DETROIT | MI | 48202 | 381910391 | $45,000 | $0 | CAPACITY BUILDING | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | COMPLIANCE FOR THESE FUNDS IS OVERSEEN BY THE PRESIDENT, ASSOCIATE DIRECTOR AND ACCOUNTING PERSONNEL. FUNDING CONTRACTS ARE REVIEWED AND REQUISITE SUBCONTRACTS ARE INITIATED WITH SUBGRANTEES. PERFORMANCE TO REQUIREMENTS IS MONITORED DURING THE DURATION OF THE SUBCONTRACT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GUGIN JULIE | ||||||||||||||
| PRESIDENT | $221,000 | $0 | $0 | $0 | $0 | $0 | $15,470 | $0 | $18,526 | $0 | $254,996 | $0 | $0 | $0 |
| PEDERSON KAREN | ||||||||||||||
| ASSOCIATE DIRECTOR | $147,111 | $0 | $0 | $0 | $0 | $0 | $10,298 | $0 | $1,308 | $0 | $158,717 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE MAY EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT AT ALL TIMES TO THE BYLAWS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE IS AUTHORIZED TO REVIEW AND RECOMMEND THE FORM 990 TO THE BOARD FOR APPROVAL. THE FORM IS SHARED WITH ALL BOARD MEMBERS VIA EMAIL. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, AT THE FIRST MEETING OF THE BOARD OF DIRECTORS, ALL BOARD MEMBERS AND EMPLOYEES COMPLETE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE OF BUSINESS AND FAMILY RELATIONSHIPS FORM. THE EXECUTIVE COMMITTEE REVIEWS ALL FORMS FOR POTENTIAL CONFLICTS OF INTEREST AND DETERMINES THE PROPER COURSE OF ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS BASED ON THE ROLES AND RESPONSIBILITIES OF EACH POSITION IN COMPARISON TO SIMILAR POSITIONS IN THE ORGANIZATION'S SALARY STUDY. JOB DESCRIPTIONS ARE UPDATED ANNUALLY. THE EXECUTIVE COMMITTEE DETERMINES THE SALARY OF THE PRESIDENT. THE PRESIDENT DETERMINES THE SALARY OF ALL OTHER EMPLOYEES PER THE TERMS OF THE ORGANIZATION'S COMPENSATION POLICY. THE ORGANIZATION'S BENEFITS PACKAGE IS DETERMINED BY THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BY-LAWS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST FORM, FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE CONSIDERED PUBLIC DOCUMENTS. THE PRESIDENT MANAGES ALL REQUESTS FOR COPIES. |
Comments