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Plainview Housing INC FY2022 filing

Not tax-deductible

Rochester, MN501(c)(4)EIN 41-0004346

Provide senior housing under section 202 of the national housing act.

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $28K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
233% of total assets
Concern: liabilities are 233% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$328K
+0.5% vs prior year
Spent
$343K
To programs
90%
Net assets
−$615K
By yearFY2021–FY2025
Revenue
$328K
FY2022+0.5%
Revenue by fiscal year
FY2021$327K
FY2022$328K
FY2023$321K
FY2024$357K
FY2025$372K
Expenses
$343K
FY2022▲ +22%
Expenses by fiscal year
FY2021$281K
FY2022$343K
FY2023$323K
FY2024$333K
FY2025$286K
Net assets
−$615K
FY2022▼ -2%
Net assets by fiscal year
FY2021−$601K
FY2022−$615K
FY2023−$617K
FY2024−$593K
FY2025−$507K

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CPlainview Housing INC
EINHdr · item D41-0004346
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFJun 1979
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CRochester, MN
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$309K
Management & general10%$34K
Total functional expensesLn 25$343K

Financial health

Is it on solid ground?

Operating surplus
-4%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Program spending
90%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$464K
FY2022▼ -10%
Total assets by fiscal year
FY2021$515K
FY2022$464K
FY2023$408K
FY2024$390K
FY2025$418K
Total liabilities
$1.1M
FY2022▼ -3%
Total liabilities by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.0M
FY2024$983K
FY2025$926K
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$464K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$464K
Total liabilitiesLn 26$1.1M
Total net assetsLn 32−$615K
Months of cash on handcomputed0.1

Statement of Revenue

Part VIII
Program service revenue100%$328K
Investment income$57
Total revenueLn 12$328K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $343K
0.1 months
Where the money goes
Program services
Program services $309K · Total expenses $343K
90%
Management & General
Management & general $34K · Total expenses $343K
10%
Fundraising
Fundraising $0 · Total expenses $343K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $328K
0%
Government reliance
Government grants — · Total revenue $328K
—
Earned-income share
Program service revenue $328K · Total revenue $328K
100%
Investment reliance
Investment income $57 · Total revenue $328K
+0.02%
Program self-sufficiency
Program service revenue $328K · Total expenses $343K
96%
Growth & trend
Revenue growth (YoY)
This year $328K · Prior year $327K
+0.5%
Net-asset trend (YoY)
End of year −$615K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $328K · Expenses $343K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $464K
—
Net-asset ratio
Net assets −$615K · Total assets $464K
-133%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $464K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richard Schultz · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $343K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $343K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Revenue growth 0.5%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Bill Schad
Vice President
$0Pt VII · Sec A
Mary Burgdorf
Secretary
$0Pt VII · Sec A
Missy Lyons
At-Large Member
$0Pt VII · Sec A
Richard Zabel
Treasurer
$0Pt VII · Sec A
See Plainview Housing INC executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers affordable housing for seniors through a federal program.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $309K of program spending, described in the organization's own filed words · FY2021.
01

Provided senior housing.

$309Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $372K$286K+4% 990 PDF
FY2024 $357K$333K+11% 990 PDF
FY2023 $321K$323K-2% 990 PDF
FY2022 Viewing $328K$343K+0.5% 990 PDF
FY2021 $327K$281K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $342,509 across 8 lines filed
IX-11a Management feesPrograms $42,061 · Management $13,953$56,014
IX-11c Accounting feesManagement $11,965$11,965
IX-12 Advertising and promotionPrograms $2,359$2,359
IX-13 Office expensesManagement $8,087$8,087
IX-16 OccupancyPrograms $217,306$217,306
IX-22 Depreciation, depletion and amortizationPrograms $28,658$28,658
IX-23 InsurancePrograms $13,077$13,077
IX-24 Other expenses (24a–d)Programs $5,043$5,043
IX-25 Total functional expensesPrograms $308,504 · Management $34,005 · Fundraising $0$342,509

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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