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Centennial Square FY2021 filing

Tax-deductible

Willmar, MN501(c)(3)Since 1996HousingEIN 41-1804213Revenue $200K in FY2021

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.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
2% of total assets
Looks good: liabilities are 2% 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
$200K
+2% vs prior year
Spent
$218K
To programs
62%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$200K
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$200K
FY2022$198K
FY2023$363K
FY2024$206K
FY2025$206K
Expenses
$218K
FY2021▼ -9%
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
FY2021▼ -2%
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 FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 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

62 cents of each dollar spent went to programs.

Program services 62% · $136K Management & general 38% · $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 (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Nancy Olson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Myron Behm
Director
$0Pt VII · Sec A
Sherri Pool
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Roger Ahrenholz
Chair Vice
$0Pt VII · Sec A
$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 · $136K · in their own filed words · FY2020
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.

$136Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$200K
Ln 12
Fees for servicesLn 2g$200K
Gifts and grantsLn 1h$324
Investment incomeLn 3$87
Money outPt IX
$218K
Ln 25
Programscol B$136K
Managementcol C$82K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$147K
Total assetsLn 16$1.1M
LiabilitiesLn 26$18K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$324
Fees for servicesLn 2g$200K
Investment incomeLn 3$87
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$75
SavingsLn 2$147K
Cash and savings togetherLn 1–2$147K
Land, buildings, equipmentLn 10c$959K
Other assetsLn 15$34K
Total assetsLn 16$1.1M
LiabilitiesLn 26$18K
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 FY21End FY21
Cash and savingsLn 1–2$164K$147K
Land, buildings, equipmentLn 10c$974K$959K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$32K$18K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$30K$30K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$26K$26K
Legal feesLn 11b$25$25
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$5K$5K$170
Office expensesLn 13$2K$2K
Information technologyLn 14$10K$10K
OccupancyLn 16$66K$64K$2K
InterestLn 20$50$48$2
Depreciation, depletion and amortizationLn 22$63K$61K$2K
InsuranceLn 23$1K$1K$45
Other expenses (24a–d)Ln 24$5K$5K$181
Total functional expensesLn 25$218K$136K$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 Viewing $200K$218K−$18K$1.1M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $199,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$324
I-9 Program service revenuePrior year $196,089$199,558
I-10 Investment incomePrior year $185$87
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $196,274$199,969
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 $38,769$35,384
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $199,343$182,136
I-18 Total expensesPrior year $238,112$217,520
I-19 Revenue less expensesPrior year −$41,838−$17,551
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 $199,969 across 5 lines filed
VIII-1d Related organizations$324
VIII-1h Total contributions, gifts and grants$324
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,558$199,558
VIII-3 Investment incomeExcluded from tax $87$87
VIII-12 Total revenueRelated to mission $199,558 · Unrelated business $0 · Excluded from tax $87$199,969
Part IX · Statement of functional expenses $217,520 across 14 lines filed
IX-7 Other salaries and wagesManagement $30,127$30,127
IX-9 Other employee benefitsManagement $2,938$2,938
IX-10 Payroll taxesManagement $2,319$2,319
IX-11a Management feesManagement $25,801$25,801
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $3,504$3,504
IX-11g Other fees for servicesPrograms $4,569 · Management $170$4,739
IX-13 Office expensesManagement $1,585$1,585
IX-14 Information technologyManagement $10,447$10,447
IX-16 OccupancyPrograms $63,963 · Management $2,387$66,350
IX-20 InterestPrograms $48 · Management $2$50
IX-22 Depreciation, depletion and amortizationPrograms $61,074 · Management $2,279$63,353
IX-23 InsurancePrograms $1,216 · Management $45$1,261
IX-24 Other expenses (24a–d)Programs $4,840 · Management $181$5,021
IX-25 Total functional expensesPrograms $135,710 · Management $81,810 · Fundraising $0$217,520
Part X · Balance sheet $1,145,322 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $75$75
X-2 Savings and temporary cash investmentsStart of year $163,687$146,538
X-4 Accounts receivableStart of year $998$787
X-9 Prepaid expenses and deferred chargesStart of year $3,746$4,959
X-10c Land, buildings and equipment, netStart of year $974,334$959,002
X-15 Other assetsStart of year $33,680$33,961
X-16 Total assetsStart of year $1,176,520$1,145,322
X-17 Accounts payable and accrued expensesStart of year $15,003$1,461
X-25 Other liabilitiesStart of year $4,506$3,646
X-26 Total liabilitiesStart of year $32,023$18,376
X-27 Net assets without donor restrictionsStart of year $1,144,497$1,126,946
X-32 Total net assets or fund balancesStart of year $1,144,497$1,126,946
X-33 Total liabilities and net assetsStart of year $1,176,520$1,145,322
Part XI · Reconciliation of net assets $1,126,946 net assets at year end
XI-1 Total revenue$199,969
XI-2 Total expenses$217,520
XI-3 Revenue less expenses−$17,551
XI-4 Net assets at start of year$1,144,497
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,126,946

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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