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North Star Neighbors

Tax-deductible

Bemidji, MN501(c)(3)Housing EIN 93-2224498Revenue $763K in FY2025Latest return filed Mar 5, 2026

On file with the IRSBemidji, MNTax-exempt since Apr 2024Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable home ownership opportunities for low to moderate income households by retaining ownership of the land on which the house is located and preserving the affordability.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 15 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 40.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $102K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
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
$763K
Spent
$118K
To programs
100%
Net assets
$1.0M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $118K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Bruce Reeves
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Beckel
Director (thru 7/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Kaitlyn Grenier
Director (thru 7/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
See North Star Neighbors 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 15aNo

Programs and updates

Offers affordable homes by keeping land ownership and ensuring long-term affordability.

Questions for North Star Neighbors

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1 program · $118K · in their own filed words · FY2024
01

North star neighbors addresses disparities in homeownership for underrepresented households through new construction, acquisition and rehab of existing homes, or homebuyer-initiated purchase programs.

$118Kprogram expense

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
The Northwest Minnesota FoundationFY2024$102K
Total grants receivedfrom 1 funder$102K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$763K
Ln 12
Gifts and grantsLn 1h$803K
Investment incomeLn 3$238
Money outPt IX
$118K
Ln 25
Programscol B$118K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$803K
Government grantsLn 1e$634K
Noncash giftsLn 1g$131K
Investment incomeLn 3$238
Gains on assetsLn 7−$43K
Total revenueLn 12$763K
Assets in detailPt X, end of year
SavingsLn 2$397K
Cash and savings togetherLn 1–2$397K
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$2.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$131K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$196K$397K
Land, buildings, equipmentLn 10c$40K$2.2M
Total assetsLn 16$236K$2.6M
LiabilitiesLn 26$26K$1.6M
Net assetsLn 32$210K$1.0M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$105K$105K
Advertising and promotionLn 12$100$100
Office expensesLn 13$12K$12K
All other expensesLn 24e$555$555
Total functional expensesLn 25$118K$118K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 5, 2026 $763K$118K$645K$1.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $762,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$802,666
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0−$42,474
I-11 Other revenuePrior year $0$2,676
I-12 Total revenuePrior year $0$762,868
I-13 Grants and similar amounts paidPrior year $5,512$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $27,035$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $57,116$118,062
I-18 Total expensesPrior year $89,663$118,062
I-19 Revenue less expensesPrior year −$89,663$644,806
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $762,868 across 8 lines filed
Lines not itemized here account for $2,676 of total revenue; see the IRS return.
VIII-1d Related organizations$102,000
VIII-1e Government grants$633,666
VIII-1f All other contributions, gifts and grants$67,000
VIII-1g Noncash contributions (included above)$131,000
VIII-1h Total contributions, gifts and grants$802,666
VIII-3 Investment incomeExcluded from tax $238$238
VIII-7 Net gain or loss on sales of assetsRelated to mission −$42,712−$42,712
VIII-12 Total revenueRelated to mission −$42,712 · Unrelated business $0 · Excluded from tax $2,914$762,868
Part IX · Statement of functional expenses $118,062 across 4 lines filed
IX-11g Other fees for servicesPrograms $105,407$105,407
IX-12 Advertising and promotionPrograms $100$100
IX-13 Office expensesPrograms $12,000$12,000
IX-24e All other expensesPrograms $555$555
IX-25 Total functional expensesPrograms $118,062 · Management $0 · Fundraising $0$118,062
Part X · Balance sheet $2,641,335 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $195,968$397,044
X-10c Land, buildings and equipment, netStart of year $40,000$2,244,291
X-16 Total assetsStart of year $235,968$2,641,335
X-17 Accounts payable and accrued expensesStart of year $1,980$420,543
X-23 Secured mortgages and notes payableStart of year $0$1,086,000
X-25 Other liabilitiesStart of year $23,651$129,649
X-26 Total liabilitiesStart of year $25,631$1,636,192
X-27 Net assets without donor restrictionsStart of year $210,337$1,005,143
X-32 Total net assets or fund balancesStart of year $210,337$1,005,143
X-33 Total liabilities and net assetsStart of year $235,968$2,641,335
Part XI · Reconciliation of net assets $1,005,143 net assets at year end
XI-1 Total revenue$762,868
XI-2 Total expenses$118,062
XI-3 Revenue less expenses$644,806
XI-4 Net assets at start of year$210,337
XI-9 Other changes in net assets$150,000
XI-10 Net assets at end of year$1,005,143

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

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