Steele County Transitional Housing INC FY2022 filing

Tax-deductible

Owatonna, MN501(c)(3)HousingEIN 41-1946337

To respond to people with housing needs in steele county, minnesota.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $6K a year · 1% 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $74K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$37K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$514K
+0.7% vs prior year
Spent
$535K
To programs
79%
Net assets
$274K
By yearFY2020–FY2024
Revenue
$514K
FY2022▲ +0.7%
Revenue by fiscal year
FY2020$481K
FY2021$510K
FY2022$514K
FY2023$464K
FY2024$523K
Expenses
$535K
FY2022▲ +10%
Expenses by fiscal year
FY2020$473K
FY2021$487K
FY2022$535K
FY2023$487K
FY2024$481K
Net assets
$274K
FY2022▼ -7%
Net assets by fiscal year
FY2020$273K
FY2021$296K
FY2022$274K
FY2023$252K
FY2024$295K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2000.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $423K Management & general 16% · $87K Fundraising 5% · $25K

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

Who runs it and what they're paid

13 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$64,456Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Julie Anderson’s $73K as Executive Director is at the 64th 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Julie Anderson$73,381$75,839$64,456$63,276$56,860

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Steele County Transitional Housing INC 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

Helps people in Steele County, Minnesota who need housing.

Provided by the organization

This section is blank until Steele County Transitional Housing INC claims this page.

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1 program service account for $423K of program spending, described in the organization's own filed words · FY2022.
01

To help individuals find and keep affordable living facilities when income is less than what is needed to pay for housing costs

$423Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$74K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$514K
Ln 12
Gifts and grantsLn 1h$521K
Investment incomeLn 3$274
Money outPt IX
$535K
Ln 25
Programscol B$423K
Managementcol C$87K
Fundraisingcol D$25K
Owns and owesPt X
$274K
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$311K
LiabilitiesLn 26$37K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$521K
Government grantsLn 1e$267K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$86K
Investment incomeLn 3$274
Total revenueLn 12$514K
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$90K
Cash and savings togetherLn 1–2$262K
Other assetsLn 15$22K
Total assetsLn 16$311K
LiabilitiesLn 26$37K
Net assetsLn 32$274K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
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 FY22End FY22
Cash and savingsLn 1–2$281K$262K
Total assetsLn 16$311K$311K
LiabilitiesLn 26$15K$37K
Net assetsLn 32$296K$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$39K$22K$6K
Other salaries and wagesLn 7$91K$53K$30K$7K
Other employee benefitsLn 9$12K$7K$4K$1K
Payroll taxesLn 10$12K$8K$4K$1K
Accounting feesLn 11c$17K$10K$7K$659
Office expensesLn 13$12K$3K$5K$4K
OccupancyLn 16$12K$6K$6K$401
Travel and entertainment for public officialsLn 18$835$281$554
InsuranceLn 23$6K$688$5K$104
Other expenses (24a–d)Ln 24$301K$295K$3K$3K
All other expensesLn 24e$3K$833$869$1K
Total functional expensesLn 25$535K$423K$87K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $523K$481K$43K$295K 990 PDF
FY2023 $464K$487K−$22K$252K 990 PDF
FY2022 Viewing $514K$535K−$21K$274K 990 PDF
FY2021 $510K$487K$23K$296K 990 PDF
FY2020 $481K$473K$8K$273K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $513,692 across 10 lines filed
VIII-1a Federated campaigns$55,000
VIII-1c Fundraising events$85,539
VIII-1e Government grants$267,210
VIII-1f All other contributions, gifts and grants$113,068
VIII-1g Noncash contributions (included above)$1,000
VIII-1h Total contributions, gifts and grants$520,817
VIII-3 Investment incomeExcluded from tax $274$274
VIII-6 Net rental income or loss$0
VIII-8 Net income from fundraising eventsExcluded from tax −$7,399−$7,399
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$7,125$513,692
Part IX · Statement of functional expenses $535,159 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,475 · Management $22,460 · Fundraising $6,125$68,060
IX-7 Other salaries and wagesPrograms $52,884 · Management $30,462 · Fundraising $7,417$90,763
IX-9 Other employee benefitsPrograms $7,131 · Management $3,575 · Fundraising $1,059$11,765
IX-10 Payroll taxesPrograms $7,505 · Management $3,838 · Fundraising $1,063$12,406
IX-11c Accounting feesPrograms $9,905 · Management $6,860 · Fundraising $659$17,424
IX-13 Office expensesPrograms $3,168 · Management $4,570 · Fundraising $4,034$11,772
IX-16 OccupancyPrograms $5,510 · Management $6,067 · Fundraising $401$11,978
IX-18 Travel and entertainment for public officialsPrograms $281 · Management $554$835
IX-23 InsurancePrograms $688 · Management $5,078 · Fundraising $104$5,870
IX-24 Other expenses (24a–d)Programs $295,369 · Management $3,080 · Fundraising $2,969$301,418
IX-24e All other expensesPrograms $833 · Management $869 · Fundraising $1,166$2,868
IX-25 Total functional expensesPrograms $422,749 · Management $87,413 · Fundraising $24,997$535,159
Part X · Balance sheet $311,175 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $191,371$172,350
X-2 Savings and temporary cash investmentsStart of year $89,760$90,108
X-3 Pledges and grants receivableStart of year $26,287$25,220
X-9 Prepaid expenses and deferred chargesStart of year $3,233$1,952
X-15 Other assetsStart of year $0$21,545
X-16 Total assetsStart of year $310,651$311,175
X-17 Accounts payable and accrued expensesStart of year $8,188$3,626
X-25 Other liabilitiesStart of year $6,620$33,173
X-26 Total liabilitiesStart of year $14,808$36,799
X-27 Net assets without donor restrictionsStart of year $295,843$274,376
X-32 Total net assets or fund balancesStart of year $295,843$274,376
X-33 Total liabilities and net assetsStart of year $310,651$311,175
Part XI · Reconciliation of net assets $274,376 net assets at year end
XI-1 Total revenue$513,692
XI-2 Total expenses$535,159
XI-3 Revenue less expenses−$21,467
XI-4 Net assets at start of year$295,843
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$274,376

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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