Toivola-Meadowlands Development Board Inc in Meadowlands, Minnesota (MN)
Table of contents:
| Toivola-Meadowlands Development Board Inc | |
| Employer Identification Number (EIN) | 411729106 |
| Name of Organization | Toivola-Meadowlands Development Board Inc |
| In Care of Name | Toivola-Meadowlands Development Board INC |
| Address | 7727 Scott Ave Po Box 45, Meadowlands, MN 55765 |
| Activities | Low and moderate income housing |
| Subsection | Charitable Organization |
| Ruling Date | 06/1993 |
| 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 | 2009 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $286,479 |
| Amount of Income | $112,537 |
| Form 990 Revenue Amount | $83,758 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2009: $112,537 (it was $83,758 in 2013)
| Toivola-Meadowlands Development Board Inc: | $112,537 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2009: $286,479 (it was $286,479 in 2013)
| This organization: | $286,479 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2013: $79,738
| This organization: | $79,738 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2013: 1.4
| Toivola-Meadowlands Development Board Inc: | 1.4 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 0.0%
| Toivola-Meadowlands Development Board Inc: | 0.0% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $68,805 | $96,096 | $83,758 |
| Contributions, gifts, grants, and similar amounts received | $100 | $0 | $0 |
| Program service revenue including government fees and contracts | $67,297 | $90,977 | $77,074 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $64 | $40 | $45 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $1,344 | $5,079 | $6,639 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $20,879 | $22,273 | $35,418 |
| Less: direct expenses from gaming and fundraising events | $19,535 | $17,194 | $28,779 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $83,626 | $97,585 | $79,738 |
| Total net assets | $16,087 | $12,489 | $-14,676 |
| Excess/Deficit for the year | $-14,821 | $-1,489 | $4,020 |
| Net assets or fund balances at beginning of year | $33,326 | $16,087 | $-18,696 |
| Other changes in net assets or fund balances | $-2,418 | $-2,109 | $0 |
| Net assets or fund balances at end of year | $12,489 | $-14,676 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $329,086 | $328,316 | $286,479 |
| Total liabilities | $312,999 | $315,827 | $301,155 |
| Net assets or fund balances | $16,087 | $12,489 | $-14,676 |
| 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? | No | No | |
| Total amount involved | $0 | $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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $35,418 |
| Subtotal | $35,418 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $35,418 |
| 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 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $35,418 |
| Public support | $35,418 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Sholom Home East Inc | 740 Kay Ave, Saint Paul, MN 55102-6014 | MN | 1951-02 | $16,203,665 |
| 4 | West Hennepin Affordable Housing Land Tr | 5101 Thimsen Ave Ste 202, Minnetonka, MN 55345-4116 | MN | 2002-03 | $2,728,822 |
| 5 | Asi Greeley Ii Inc | 2550 University Ave Suite 330n, St Paul, MN 55114 | MN | 2011-03 | $802,148 |
| 6 | Mojave Cedar Supportive Housing Inc | 2550 University Ave Suite 330n, St Paul, MN 55114 | MN | 2011-03 | $443,467 |
| 7 | Community Asset Foundation | 1403 Valley View Road, Chaska, MN 55318 | MN | 2011-03 | $349,951 |
| 8 | Housing Foundation | Po Box 514 540 1st St South, Montevideo, MN 56265 | MN | 2012-07 | $189,111 |
| 9 | Third Way Network | 2912 Fremont Ave N, Minneapolis, MN 55411-1313 | MN | 2004-01 | $185,983 |
| 10 | South Hampton Roads Supportive Housing Inc | 2550 University Ave W, St Paul, MN 55114-1052 | MN | 1996-07 | $171,064 |
| 11 | Bid Safe | 17947 360th St, Taylors Falls, MN 55084-1749 | MN | 2010-07 | $159,634 |
| 12 | San Antonio Supportive Housing Inc | 2550 University Ave W, St Paul, MN 55114-1052 | MN | 1996-02 | $151,112 |
| 13 | Toivola-Meadowlands Development Board Inc | 7727 Scott Ave Po Box 45, Meadowlands, MN 55765 | MN | 1993-06 | $112,537 |
| 14 | Asi Watertown Inc | 2550 University Ave Suite 330n, St Paul, MN 55114 | MN | 2008-08 | $99,943 |
| 15 | Asi Owatonna Inc | 2550 University Ave Suite 330n, St Paul, MN 55114 | MN | 2008-08 | $89,716 |
| 16 | Community Visions Corporation | 3500 Vicksburg Lane N - Box 3158, Plymouth, MN 55447 | MN | 2005-01 | $71,794 |
| 17 | Asi Sioux Falls Inc | 2550 University Ave Suite 330n, St Paul, MN 55114 | MN | 2009-11 | $66,967 |
| 18 | Hope Ministries | 2385 Ariel St N, Saint Paul, MN 55109-2248 | MN | 2004-10 | $2,000 |
| 19 | Community Housing Resources | 1001 Washington Ave N, Minneapolis, MN 55401-1032 | MN | 2002-04 | $7 |
| 20 | Adonis Eco-Housing | 1955 University Ave W Ste 201, Saint Paul, MN 55104 | MN | 2011-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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