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Multi-County Builders

Tax-deductible

Wabasha, MN501(c)(3)Since 1995Housing EIN 41-1824119Revenue $636K in FY2025

On file with the IRSsemmchra.org134 2nd St E, 55981-1440 · Wabasha, MNTax-exempt since Jun 1998Publicly supported — 509(a)(2)

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Provide subsidized housing for people with low to moderate income.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$128K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2025 · 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
2 of 6
filings with a surplus
Average surplus $65K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 20% of spending
Top officer’s pay higher than 68% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $633K in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
+4% vs prior year
Spent
$636K
To programs
85%
Net assets
$786K
By yearFY2020–FY2025
Revenue
$636K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$538K
FY2021$1.1M
FY2022$550K
FY2023$653K
FY2024$613K
FY2025$636K
Expenses
$636K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$425K
FY2021$671K
FY2022$614K
FY2023$688K
FY2024$648K
FY2025$636K
Net assets
$786K
FY2025-0.07%
Tap a bar for its year
Net assets by fiscal year
FY2020$486K
FY2021$899K
FY2022$835K
FY2023$821K
FY2024$787K
FY2025$786K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $539K Management & general 15% · $97K

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

6 people listed on the 990; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation
Bobbi Willers
Executive Director
$76,616Pt VII · Sec A
$51,646Pt VII · Sec A
Cheryl Key
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rich Hall
Director
$0Pt VII · Sec A

Bobbi Willers’s $77K as Executive Director is at the 68th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Multi-County Builders 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 15aNo

Programs and updates

Offers affordable housing to low and moderate-income individuals and families.

Questions for Multi-County Builders

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Provided by the organization

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1 program · $539K · in their own filed words · FY2025
01

Provide 26,719 days of subsidized housing for families with low to moderate income levels. Occupancy rate was 95.08%.

$539Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$636K
Ln 12
Fees for servicesLn 2g$614K
Investment incomeLn 3$16K
Other incomeLn 4–11$5K
Money outPt IX
$636K
Ln 25
Programscol B$539K
Managementcol C$97K
Owns and owesPt X
$786K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$2.8M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$614K
Investment incomeLn 3$16K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$476
Total revenueLn 12$636K
Assets in detailPt X, end of year
CashLn 1$71K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$117K
InvestmentsLn 11–13$633K
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$2.8M
LiabilitiesLn 26$2.0M
Net assetsLn 32$786K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$67K$117K
InvestmentsLn 11–13$627K$633K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.8M$2.8M
LiabilitiesLn 26$2.1M$2.0M
Net assetsLn 32$787K$786K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$53K$33K$20K
Pension plan contributionsLn 8$3K$2K$1K
Other employee benefitsLn 9$10K$6K$4K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$52K$52K
Legal feesLn 11b$926$926
Accounting feesLn 11c$6K$6K
Office expensesLn 13$13K$13K
OccupancyLn 16$112K$112K
TravelLn 17$973$973
InterestLn 20$69K$69K
Depreciation, depletion and amortizationLn 22$154K$154K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$125K$125K
Total functional expensesLn 25$636K$539K$97K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $636K$636K−$538$786K 990 PDF
FY2024 $613K$648K−$35K$787K 990 PDF
FY2023 $653K$688K−$35K$821K 990 PDF
FY2022 $550K$614K−$64K$835K 990 PDF
FY2021 $1.1M$671K$413K$899K 990 PDF
FY2020 $538K$425K$112K$486K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $635,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $580,031$614,310
I-10 Investment incomePrior year $14,947$16,311
I-11 Other revenuePrior year $18,119$5,218
I-12 Total revenuePrior year $613,097$635,839
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 $75,703$67,326
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $571,996$569,051
I-18 Total expensesPrior year $647,699$636,377
I-19 Revenue less expensesPrior year −$34,602−$538
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $635,839 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $614,310$614,310
VIII-3 Investment incomeExcluded from tax $16,787$16,787
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$476−$476
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,218$5,218
VIII-12 Total revenueRelated to mission $619,528 · Unrelated business $0 · Excluded from tax $16,311$635,839
Part IX · Statement of functional expenses $636,377 across 14 lines filed
IX-7 Other salaries and wagesPrograms $33,264 · Management $19,576$52,840
IX-8 Pension plan contributionsPrograms $2,257 · Management $1,083$3,340
IX-9 Other employee benefitsPrograms $5,540 · Management $4,181$9,721
IX-10 Payroll taxesManagement $1,425$1,425
IX-11a Management feesManagement $51,728$51,728
IX-11b Legal feesManagement $926$926
IX-11c Accounting feesManagement $5,885$5,885
IX-13 Office expensesManagement $12,576$12,576
IX-16 OccupancyPrograms $112,031$112,031
IX-17 TravelPrograms $973$973
IX-20 InterestPrograms $68,899$68,899
IX-22 Depreciation, depletion and amortizationPrograms $153,642$153,642
IX-23 InsurancePrograms $37,468$37,468
IX-24 Other expenses (24a–d)Programs $124,923$124,923
IX-25 Total functional expensesPrograms $538,997 · Management $97,380 · Fundraising $0$636,377
Part X · Balance sheet $2,806,434 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $29,691$70,908
X-2 Savings and temporary cash investmentsStart of year $37,564$46,479
X-4 Accounts receivableStart of year $42,116$42,997
X-10c Land, buildings and equipment, netStart of year $2,092,175$1,995,627
X-12 Other securitiesStart of year $37,000$37,000
X-13 Program-related investmentsStart of year $589,547$596,158
X-14 Intangible assetsStart of year $18,338$17,265
X-16 Total assetsStart of year $2,846,431$2,806,434
X-17 Accounts payable and accrued expensesStart of year $66,592$63,627
X-19 Deferred revenueStart of year $1,691$2,861
X-26 Total liabilitiesStart of year $2,059,849$2,020,390
X-27 Net assets without donor restrictionsStart of year $786,582$786,044
X-32 Total net assets or fund balancesStart of year $786,582$786,044
X-33 Total liabilities and net assetsStart of year $2,846,431$2,806,434
Part XI · Reconciliation of net assets $786,044 net assets at year end
XI-1 Total revenue$635,839
XI-2 Total expenses$636,377
XI-3 Revenue less expenses−$538
XI-4 Net assets at start of year$786,582
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$786,044

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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