Reverse Mortgage Counselors Incorporated in Saint Paul, Minnesota (MN)
Table of contents:
| Reverse Mortgage Counselors Incorporated | |
| Employer Identification Number (EIN) | 810645597 |
| Name of Organization | Reverse Mortgage Counselors Incorporated |
| Address | 1474 Sargent Ave, Saint Paul, MN 55105-2331 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 08/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $30,354 |
| Amount of Income | $132,728 |
| Form 990 Revenue Amount | $132,728 |
| National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2013: $132,728 (it was $148,614 in 2012)
| This organization: | $132,728 |
| Other organizations performing similar types of work: | $156,466 |
Assets in 2013: $30,354 (it was $33,076 in 2012)
| Reverse Mortgage Counselors Incorporated: | $30,354 |
| Other organizations performing similar types of work: | $45,042 |
Expenses in 2013: $135,594
| Reverse Mortgage Counselors Incorporated: | $135,594 |
| Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2013: 1.0
| Reverse Mortgage Counselors Incorporated: | 1.0 |
| Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2013: 37.1%
| This organization: | 37.1% |
| Other organizations performing similar types of work: | 90.6% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $120,532 | $148,614 | $132,728 |
| Contributions, gifts, grants, and similar amounts received | $18,000 | $60,269 | $49,274 |
| Program service revenue including government fees and contracts | $102,361 | $88,345 | $83,454 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $171 | $0 | $0 |
| Total expenses | $150,213 | $128,835 | $135,594 |
| Total net assets | $12,082 | $31,861 | $28,995 |
| Excess/Deficit for the year | $-29,681 | $19,779 | $-2,866 |
| Net assets or fund balances at beginning of year | $41,763 | $12,082 | $31,861 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $31,861 | $28,995 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $15,963 | $33,076 | $30,354 |
| Total liabilities | $3,881 | $1,215 | $1,359 |
| Net assets or fund balances | $12,082 | $31,861 | $28,995 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | Yes | No | |
| Total amount involved | $215 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $239,502 |
| Subtotal Support | $239,502 |
| Gifts, grants, contributions, and membership fees received | $239,502 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $239,504 |
| Public Support | $239,502 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $415,128 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Homeownership Preservation Foundation | 7645 Lyndale Ave S Ste 250, Minneapolis, MN 55423-6008 | MN | 2004-08 | $47,564,327 |
| 2 | Metropolitan Financial Management Corp | 1700 West Highway 36, Roseville, MN 55113-4034 | MN | 1992-03 | $6,466,052 |
| 3 | Familymeans | 1875 Northwestern Ave S, Stillwater, MN 55082-7534 | MN | 1965-04 | $4,895,177 |
| 4 | The Neighborhood Hub | 321 Oliver Ave N, Minneapolis, MN 55411 | MN | 2008-06 | $316,079 |
| 5 | Consumer Credit Of Minnesota | 5871 Cedar Lake Rd S Ste 105, St Louis Park, MN 55416-1478 | MN | 2014-10 | $210,081 |
| 6 | Bill Payment Support Services | 15938 Eagle St Nw, Andover, MN 55304-2667 | MN | 2010-01 | $130,384 |
| 7 | Shift | 7809 Southtown Center Box 376, Bloomington, MN 55431 | MN | 2007-05 | $96,294 |
| 8 | Financial Stewardship Mentoring Program | 4302 Bridgewood Terrace, Vadnais Heights, MN 55127 | MN | 2015-02 | $0 |
| 9 | First American Financial Services | 308 Frontage Road, Sebeka, MN 56477 | MN | 2007-09 | $0 |
| 10 | Hastings Community Car Care | 11186 240th St E, Hampton, MN 55031 | MN | 2007-06 | $0 |
| 11 | Hoge & Company Nonprofit | 20359 Hematite Street, Ironton, MN 56455 | MN | 2015-04 | $0 |
| 12 | Integrity Credit Counseling Services Inc | 17015 30th Ave N, Plymouth, MN 55447 | MN | 2002-04 | $0 |
| 13 | Metro Payee Services Inc | Po Box 270190, St Paul, MN 55127 | MN | 2011-01 | $0 |
| 14 | Military Foundation For Financial Education & Resources | 14100 61st Avenue North, Plymouth, MN 55446 | MN | 2011-01 | $0 |
| 15 | Minnesota Payee Service Inc | 2353 Rice St Ste 103, Roseville, MN 55113 | MN | 2014-03 | $0 |
| 16 | New Focus Interfaith Financial Ministries, New Focus | 105 N 5th St, Mankato, MN 56001 | MN | 2003-10 | $0 |
| 17 | Numanagement Solutions Nonprofit | 277 University Ave W Ste 201, Saint Paul, MN 55103 | MN | 2011-06 | $0 |
| 18 | Representative Payee Society | 2901 N 2nd St, Minneapolis, MN 55411 | MN | 2011-01 | $0 |
| 19 | Twin Cities Home Ownership Organization | 17854 179th Trail W, Lakeville, MN 55044 | MN | 2006-10 | $0 |
| 20 | Westside Community Assets Forfamilies In Minnesota Inc | 149 Stevens St W, Saint Paul, MN 55107-2730 | MN | 2007-06 | $0 |
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| Total | 1,240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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