Operating record

Nicollet Meadows Housing Group

Slayton, MN · EIN 41-2019031 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$1,003,366$1,236,884−$233,518-5.90%
2021$1,018,863$1,314,063−$295,200-8.30%
2022$1,019,249$1,550,949−$531,700-11.10%
2023$1,144,888$1,337,056−$192,168-14.60%

In its most recent public year (2023), this organization spent $192,168 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.6 months), down from -5.9 in 2020. Staff pay was 0% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗