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Centennial Square FY2020 filing

Tax-deductible

Willmar, MN501(c)(3)Since 1996HousingEIN 41-1804213Revenue $196K in FY2020

On file with the IRSbethesdaliving.org1015 Se Willmar Avenue, 56201-4752 · Willmar, MNTax-exempt since Apr 1995Publicly supported — 509(a)(2)

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Serving others together in faith, community and life.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
1 of 6
filings with a surplus
Average deficit $13K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$32K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$196K
Spent
$238K
To programs
66%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$196K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$200K
FY2022$198K
FY2023$363K
FY2024$206K
FY2025$206K
Expenses
$238K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$218K
FY2022$230K
FY2023$253K
FY2024$245K
FY2025$265K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $157K Management & general 34% · $82K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Ashley Bormann
Administrator
$0Pt VII · Sec A
Tamala Gjerde
Finance Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Marlin Henjum
Treasurer
$0Pt VII · Sec A
Sherri Pool
Secretary
$0Pt VII · Sec A
Roger Ahrenholz
Board Member
$0Pt VII · Sec A
Myron Behm
Board Member
$0Pt VII · Sec A
See Centennial Square executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and services for elderly and handicapped individuals.

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Provided by the organization

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1 program · $157K · in their own filed words · FY2019
01

Centennial square operates a 39-UNIT apartment building for the very low income elderly and disabled persons who meet the standards as set by hud. The housing is located in willmar, MN. Each apartment includes one bedroom, bathroom, a kitchen, and living room.

$157Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$196K
Ln 12
Fees for servicesLn 2g$196K
Investment incomeLn 3$185
Money outPt IX
$238K
Ln 25
Programscol B$157K
Managementcol C$82K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$1.2M
LiabilitiesLn 26$32K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$196K
Investment incomeLn 3$185
Total revenueLn 12$196K
Assets in detailPt X, end of year
CashLn 1$75
SavingsLn 2$164K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$974K
Other assetsLn 15$34K
Total assetsLn 16$1.2M
LiabilitiesLn 26$32K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$142K$164K
Land, buildings, equipmentLn 10c$1.0M$974K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$18K$32K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$552$33K
Other employee benefitsLn 9$3K$47$3K
Payroll taxesLn 10$2K$39$2K
Management feesLn 11a$25K$25K
Legal feesLn 11b$25$25
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$18K$17K$738
Office expensesLn 13$5K$3K$2K
OccupancyLn 16$63K$60K$3K
InterestLn 20$123$118$5
Depreciation, depletion and amortizationLn 22$66K$63K$3K
InsuranceLn 23$1K$1K$48
Other expenses (24a–d)Ln 24$13K$11K$2K
Total functional expensesLn 25$238K$157K$82K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $206K$265K−$59K$1.1M 990 PDF
FY2024 $206K$245K−$39K$1.2M 990 PDF
FY2023 $363K$253K$110K$1.2M 990 PDF
FY2022 $198K$230K−$32K$1.1M 990 PDF
FY2021 $200K$218K−$18K$1.1M 990 PDF
FY2020 Viewing $196K$238K−$42K$1.1M 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
See the full FY2020 990 (6 parts)
Part I · Summary $196,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $194,660$196,089
I-10 Investment incomePrior year $520$185
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $195,180$196,274
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $36,779$38,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $190,302$199,343
I-18 Total expensesPrior year $227,081$238,112
I-19 Revenue less expensesPrior year −$31,901−$41,838
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $196,274 across 2 lines filed
Lines not itemized here account for $185 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $196,089$196,089
VIII-12 Total revenueRelated to mission $196,089 · Unrelated business $0 · Excluded from tax $185$196,274
Part IX · Statement of functional expenses $238,112 across 13 lines filed
IX-7 Other salaries and wagesPrograms $552 · Management $32,947$33,499
IX-9 Other employee benefitsPrograms $47 · Management $2,848$2,895
IX-10 Payroll taxesPrograms $39 · Management $2,336$2,375
IX-11a Management feesManagement $25,337$25,337
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $8,331$8,331
IX-11g Other fees for servicesPrograms $17,467 · Management $738$18,205
IX-13 Office expensesPrograms $3,420 · Management $1,564$4,984
IX-16 OccupancyPrograms $60,083 · Management $2,541$62,624
IX-20 InterestPrograms $118 · Management $5$123
IX-22 Depreciation, depletion and amortizationPrograms $63,134 · Management $2,669$65,803
IX-23 InsurancePrograms $1,132 · Management $48$1,180
IX-24 Other expenses (24a–d)Programs $10,598 · Management $2,133$12,731
IX-25 Total functional expensesPrograms $156,590 · Management $81,522 · Fundraising $0$238,112
Part X · Balance sheet $1,176,520 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $75$75
X-2 Savings and temporary cash investmentsStart of year $141,633$163,687
X-4 Accounts receivableStart of year $677$998
X-9 Prepaid expenses and deferred chargesStart of year $3,746$3,746
X-10c Land, buildings and equipment, netStart of year $1,026,121$974,334
X-15 Other assetsStart of year $32,240$33,680
X-16 Total assetsStart of year $1,204,492$1,176,520
X-17 Accounts payable and accrued expensesStart of year $539$15,003
X-25 Other liabilitiesStart of year $5,019$4,506
X-26 Total liabilitiesStart of year $18,157$32,023
X-27 Net assets without donor restrictionsStart of year $1,186,335$1,144,497
X-32 Total net assets or fund balancesStart of year $1,186,335$1,144,497
X-33 Total liabilities and net assetsStart of year $1,204,492$1,176,520
Part XI · Reconciliation of net assets $1,144,497 net assets at year end
XI-1 Total revenue$196,274
XI-2 Total expenses$238,112
XI-3 Revenue less expenses−$41,838
XI-4 Net assets at start of year$1,186,335
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,144,497

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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