Vermilion Housing Corp in Tower, Minnesota (MN)
Table of contents:
| Vermilion Housing Corp | |
| Employer Identification Number (EIN) | 237448653 |
| Name of Organization | Vermilion Housing Corp |
| Address | PO BOX 609, Tower, MN 55790-0609 |
| Activities | Low income housing, Low and moderate income housing |
| Subsection | Social Welfare Organization |
| Ruling Date | 05/1978 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $264,313 |
| Amount of Income | $177,883 |
| Form 990 Revenue Amount | $177,883 |
Non-representatives - add comments:
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $178,124 | $150,294 | $177,883 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $176,602 | $150,092 | $177,883 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,522 | $202 | $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 | $0 | $0 | $0 |
| Total expenses | $197,974 | $202,751 | $216,365 |
| Total net assets | $-61,666 | $-114,123 | $-152,605 |
| Excess/Deficit for the year | $-19,850 | $-52,457 | $-38,482 |
| Net assets or fund balances at beginning of year | $-41,816 | $-61,666 | $-114,123 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-114,123 | $-152,605 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $395,452 | $294,936 | $264,313 |
| Total liabilities | $457,118 | $409,059 | $416,918 |
| Net assets or fund balances | $-61,666 | $-114,123 | $-152,605 |
| 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 | $878,856 |
| Subtotal | $878,856 |
| 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 | $878,856 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| 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 | $881,340 |
| Public support | $878,856 |
| Subtotal | $2,484 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $2,484 |
| 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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| Other organizations in Minnesota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Valley Preschool | 413 Greeley St S, Stillwater, MN 55082-7008 | MN | 1972-01 | $131,889 |
| 2 | Valley Promotions Inc | 108 Baldwin, Granite Falls, MN 56241-1764 | MN | 1978-06 | $171,120 |
| 3 | Valley View Apartments Inc | 200 East 10th Ave, Lamberton, MN 56152-1043 | MN | 1980-09 | $64,534 |
| 4 | Valley View Nursing Home Foundation Of Houston Mn Inc | 510 E Cedar St, Houston, MN 55943-8618 | MN | 1993-05 | $24,631 |
| 5 | Van Sande Charitable Tr | Lake Elmo Bank-600 Inwood Ave N, Oakdale, MN 55128 | MN | $10,957 | |
| 6 | Vance C Demong Charitable Tr Under Vance C Demong Rvoc Tr 071994, Koch Larry A Ttee | PO BOX 1119, Chanhassen, MN 55317-1119 | MN | 2001-08 | $17,786 |
| 7 | Venezuela Lutheran Mission Partnership | 3089 Leyland Trail, Woodbury, MN 55125 | MN | 2002-12 | $0 |
| 8 | Ventura Village | 1815 13th Ave S, Minneapolis, MN 55404-2017 | MN | 1999-08 | $102,582 |
| 9 | Vera K Hunt Irrevocable Trust 58009910 | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | $86,567 | |
| 10 | Vermilion Community College Foundation Inc | 1900 E Camp St, Ely, MN 55731-1918 | MN | 1979-11 | $83,851 |
| 11 | Vermilion Housing Corp | PO BOX 609, Tower, MN 55790-0609 | MN | 1978-05 | $177,883 |
| 12 | Vermilion River Camp Inc | 7406 Ahlgren Rd, Orr, MN 55771-8456 | MN | 1975-03 | $114,215 |
| 13 | Vern Norton Ministries Inc | 7112 72nd Ln N Apt Ste 257, Brooklyn Park, MN 55428-1677 | MN | 1999-09 | $54,609 |
| 14 | Vernacular Video Mission International Inc | PO BOX 37, Austin, MN 55912-0037 | MN | 2000-01 | $179,052 |
| 15 | Verndale Fire Dept Relief, Firemen Relief Association | PO BOX 156, Verndale, MN 56481-0156 | MN | 1993-04 | $44,048 |
| 16 | Vernon & Leoma Jenniges Educational | PO BOX 126, Springfield, MN 56087-0126 | MN | 1991-04 | $101,581 |
| 17 | Vernon Edda Mutual Fire Ins Co | 451 2nd St Sw, Blmng Prairie, MN 55917-1324 | MN | 1939-12 | $311,386 |
| 18 | Vernon J Pick Foundation | 5815 Main St W, Maple Plain, MN 55359-9363 | MN | 1993-09 | $165,920 |
| 19 | Veronica And Alphons M Busch Scholarship Foundation | 505 Holmes St S, Shakopee, MN 55379-1344 | MN | 1998-07 | $2,237 |
| 20 | Vestwood Education | PO BOX 122, Vesta, MN 56292-0122 | MN | 2004-02 | $592,035 |
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