Essential Living INC

Tax-deductible

Minot, ND501(c)(3)Since 2015HousingEIN 47-5214587

This page gets seen. Tell your story. Claim this org.

To provide affordable housing.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
0 of 6
filings with a surplus
Average deficit $202K a year · 42% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.3M
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
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
$608K
-3% vs prior year
Spent
$1.0M
To programs
95%
Net assets
−$1.7M
By yearFY2020–FY2025
Revenue
$608K
FY2025▼ -3%
Revenue by fiscal year
FY2020$335K
FY2021$343K
FY2022$380K
FY2023$603K
FY2024$628K
FY2025$608K
Expenses
$1.0M
FY2025▲ +30%
Expenses by fiscal year
FY2020$430K
FY2021$428K
FY2022$574K
FY2023$870K
FY2024$785K
FY2025$1.0M
Net assets
−$1.7M
FY2025▼ -32%
Net assets by fiscal year
FY2020−$572K
FY2021−$657K
FY2022−$851K
FY2023−$1.1M
FY2024−$1.3M
FY2025−$1.7M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2016.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $969K Management & general 5% · $52K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Essential Living INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Essential Living INC is a housing nonprofit based in Minot, ND, formed in 2015.

Provided by the organization

This section is blank until Essential Living INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $969K of program spending, described in the organization's own filed words · FY2025.
01

Provides low-income housing to citizens of north dakota who are fifty-five years and older, essential workers, AND/OR others who may qualify for affordable housing pursuant to the department of hosuing and urban development and the north dakota housing finance agency.

$969Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$608K
Ln 12
Fees for servicesLn 2g$547K
Other incomeLn 4–11$61K
Investment incomeLn 3$373
Money outPt IX
$1.0M
Ln 25
Programscol B$969K
Managementcol C$52K
Owns and owesPt X
−$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$413K
Total assetsLn 16$9.6M
LiabilitiesLn 26$11.3M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$547K
Investment incomeLn 3$373
Other incomeLn 4–11$61K
Total revenueLn 12$608K
Assets in detailPt X, end of year
CashLn 1$318K
SavingsLn 2$95K
Cash and savings togetherLn 1–2$413K
Land, buildings, equipmentLn 10c$9.1M
Total assetsLn 16$9.6M
LiabilitiesLn 26$11.3M
Net assetsLn 32−$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$239K$413K
Land, buildings, equipmentLn 10c$9.5M$9.1M
Total assetsLn 16$10.2M$9.6M
LiabilitiesLn 26$11.4M$11.3M
Net assetsLn 32−$1.3M−$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$8K$8K
OccupancyLn 16$134K$134K
InterestLn 20$84K$84K
Depreciation, depletion and amortizationLn 22$400K$400K
InsuranceLn 23$49K$49K
Other expenses (24a–d)Ln 24$301K$301K$10
Total functional expensesLn 25$1.0M$969K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $608K$1.0M−$412K−$1.7M 990 PDF
FY2024 $628K$785K−$157K−$1.3M 990 PDF
FY2023 $603K$870K−$267K−$1.1M 990 PDF
FY2022 $380K$574K−$194K−$851K 990 PDF
FY2021 $343K$428K−$85K−$657K 990 PDF
FY2020 $335K$430K−$95K−$572K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $608,401 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $546,932$546,932
VIII-3 Investment incomeExcluded from tax $373$373
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $61,096$61,096
VIII-12 Total revenueRelated to mission $608,028 · Unrelated business $0 · Excluded from tax $373$608,401
Part IX · Statement of functional expenses $1,020,615 across 9 lines filed
IX-11a Management feesManagement $27,514$27,514
IX-11c Accounting feesManagement $12,897$12,897
IX-12 Advertising and promotionManagement $3,767$3,767
IX-13 Office expensesManagement $7,804$7,804
IX-16 OccupancyPrograms $134,038$134,038
IX-20 InterestPrograms $84,216$84,216
IX-22 Depreciation, depletion and amortizationPrograms $400,060$400,060
IX-23 InsurancePrograms $49,131$49,131
IX-24 Other expenses (24a–d)Programs $301,178 · Management $10$301,188
IX-25 Total functional expensesPrograms $968,623 · Management $51,992 · Fundraising $0$1,020,615
Part X · Balance sheet $9,632,835 assets, 11 lines filed
Asset lines not itemized here account for $33,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $142,068$317,978
X-2 Savings and temporary cash investmentsStart of year $96,565$95,373
X-9 Prepaid expenses and deferred chargesStart of year $29,627$29,627
X-10c Land, buildings and equipment, netStart of year $9,491,140$9,099,766
X-14 Intangible assetsStart of year $68,307$57,091
X-16 Total assetsStart of year $10,160,707$9,632,835
X-17 Accounts payable and accrued expensesStart of year $23,223$13,622
X-24 Unsecured notes and loans payableStart of year $4,198,491$4,198,491
X-26 Total liabilitiesStart of year $11,435,994$11,320,336
X-32 Total net assets or fund balancesStart of year −$1,275,287−$1,687,501
X-33 Total liabilities and net assetsStart of year $10,160,707$9,632,835
Part XI · Reconciliation of net assets −$1,687,501 net assets at year end
XI-1 Total revenue$608,401
XI-2 Total expenses$1,020,615
XI-3 Revenue less expenses−$412,214
XI-4 Net assets at start of year−$1,275,287
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,687,501

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.