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Hillsboro Development Association INC FY2020 filing

Hillsboro, ND501(c)(4) EIN 45-0307693Revenue $124K in FY2020Latest return filed Sep 5, 2024

On file with the IRS335 Kiwanis Dr, 58045-4009 · Hillsboro, NDTax-exempt since 0000

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Subsidized housing for elderly

76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $38K a year · 33% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
123 mo
of spending, in cash
Looks good: 123.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$180K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
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
$124K
Spent
$84K
To programs
76%
Net assets
$1.1M
By yearFY2020–FY2023
Revenue
$124K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$124K
FY2021$104K
FY2022$125K
FY2023$116K
Expenses
$84K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$84K
FY2021$74K
FY2022$79K
FY2023$79K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in 0000.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $64K Management & general 24% · $20K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Sylvia Hanson
President
$0Pt VII · Sec A
Donald Foss
Vice President
$0Pt VII · Sec A
Tim Luithe
Secretary
$0Pt VII · Sec A
Robert Hebl
Treasurer
$0Pt VII · Sec A
John Julson
Director
$0Pt VII · Sec A
See Hillsboro Development Association INC executive salaries →

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

Hillsboro Development Association INC is a membership association based in Hillsboro, ND.

Questions for Hillsboro Development Association INC

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1 program · $64K · in their own filed words · FY2020
01

Subsidized housing for the elderly

$64Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$124K
Ln 12
Gifts and grantsLn 1h$178K
Investment incomeLn 3$8K
Money outPt IX
$84K
Ln 25
Programscol B$64K
Managementcol C$20K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$867K
Total assetsLn 16$1.3M
LiabilitiesLn 26$180K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$178K
Government grantsLn 1e$178K
Investment incomeLn 3$8K
Total revenueLn 12$124K
Assets in detailPt X, end of year
CashLn 1$78K
SavingsLn 2$789K
Cash and savings togetherLn 1–2$867K
Land, buildings, equipmentLn 10c$349K
Other assetsLn 15$21K
Total assetsLn 16$1.3M
LiabilitiesLn 26$180K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 53
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$820K$867K
Land, buildings, equipmentLn 10c$378K$349K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$303K$180K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$4K$4K$0$0
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$4K$4K$0$0
Office expensesLn 13$10K$0$10K$0
Depreciation, depletion and amortizationLn 22$56K$56K$0$0
Other expenses (24a–d)Ln 24$7K$289$6K$0
Total functional expensesLn 25$84K$64K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Sep 5, 2024 $116K$79K$37K$1.3M 990 PDF
FY2022Filed with the IRS Jun 15, 2023 $125K$79K$46K$1.2M 990 PDF
FY2021Filed with the IRS Dec 6, 2022 $104K$74K$30K$1.2M 990 PDF
FY2020 ViewingFiled with the IRS Oct 26, 2021 $124K$84K$39K$1.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $123,779 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $171,826$177,797
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,970$8,314
I-11 Other revenuePrior year −$21,144−$62,332
I-12 Total revenuePrior year $158,652$123,779
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $94,313$84,441
I-18 Total expensesPrior year $94,313$84,441
I-19 Revenue less expensesPrior year $64,339$39,338
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $123,779 across 5 lines filed
VIII-1e Government grants$177,797
VIII-1h Total contributions, gifts and grants$177,797
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $8,314$8,314
VIII-6 Net rental income or lossRelated to mission −$62,332−$62,332
VIII-12 Total revenueRelated to mission −$62,332 · Unrelated business $0 · Excluded from tax $8,314$123,779
Part IX · Statement of functional expenses $84,441 across 6 lines filed
IX-11b Legal feesPrograms $3,728 · Management $0 · Fundraising $0$3,728
IX-11c Accounting feesPrograms $0 · Management $4,135 · Fundraising $0$4,135
IX-12 Advertising and promotionPrograms $4,311 · Management $0 · Fundraising $0$4,311
IX-13 Office expensesPrograms $0 · Management $9,689 · Fundraising $0$9,689
IX-22 Depreciation, depletion and amortizationPrograms $55,968 · Management $0 · Fundraising $0$55,968
IX-24 Other expenses (24a–d)Programs $289 · Management $6,321 · Fundraising $0$6,610
IX-25 Total functional expensesPrograms $64,296 · Management $20,145 · Fundraising $0$84,441
Part X · Balance sheet $1,320,457 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $27,240$78,242
X-2 Savings and temporary cash investmentsStart of year $792,911$788,599
X-4 Accounts receivableStart of year $182,655$79,914
X-9 Prepaid expenses and deferred chargesStart of year $3,693$3,693
X-10c Land, buildings and equipment, netStart of year $377,987$348,828
X-15 Other assetsStart of year $19,343$21,181
X-16 Total assetsStart of year $1,403,829$1,320,457
X-17 Accounts payable and accrued expensesStart of year $84,384$21,981
X-25 Other liabilitiesStart of year $19,625$21,181
X-26 Total liabilitiesStart of year $303,036$180,326
X-32 Total net assets or fund balancesStart of year $1,100,793$1,140,131
X-33 Total liabilities and net assetsStart of year $1,403,829$1,320,457
Part XI · Reconciliation of net assets $1,140,131 net assets at year end
XI-1 Total revenue$123,779
XI-2 Total expenses$84,441
XI-3 Revenue less expenses$39,338
XI-4 Net assets at start of year$1,100,793
XI-10 Net assets at end of year$1,140,131

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

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