Nonprofit · EIN 27-0268016
COMMUNITY ASSET FOUNDATION
Tax-exempt · CHASKA, MN 55318
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,340,861 | $6,175,493 | $165,368 | $17,260,847 | $18,966,005 | -$1,705,158 |
| June 30, 2024 | 990 | $6,717,918 | $5,354,736 | $1,363,182 | $16,460,248 | $18,330,774 | -$1,870,526 |
| June 30, 2023 | 990 | $4,337,143 | $4,951,529 | -$614,386 | $13,123,945 | $16,357,653 | -$3,233,708 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $165,528
- Program service revenue
- $6,175,333
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $65,425
- Occupancy
- $717,846
- Depreciation
- $574,226
- Program services (functional)
- $5,242,187
- Management and general (functional)
- $933,306
Balance sheet and other
- Total assets, start of year
- $16,460,248
- Total assets, end of year
- $17,260,847
- Total liabilities, end of year
- $18,966,005
- Net assets, end of year
- -$1,705,158
- Land, buildings and equipment
- $16,038,057
- Net assets without donor restrictions
- -$1,705,158
- Gross receipts
- $6,340,861
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2012
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD FORD | MEMBER Trustee or director | 1 | $0 |
| LUKE MELCHERT | MEMBER Trustee or director | 1 | $0 |
| BRUCE LUNDGREN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| GARY KLATT | MEMBER Trustee or director | 1 | $0 |
| CHAD DOCKTER | MEMBER Trustee or director | 1 | $0 |
| DAVID POKORNEY | TREASURER Trustee or director, Officer | 10 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD FORD | MEMBER Trustee or director | 1 | $0 |
| LUKE MELCHERT | MEMBER Trustee or director | 1 | $0 |
| BRUCE LUNDGREN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| GARY KLATT | MEMBER Trustee or director | 1 | $0 |
| CHAD DOCKTER | MEMBER Trustee or director | 1 | $0 |
| DAVID POKORNEY | TREASURER Trustee or director, Officer | 10 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD FORD | MEMBER Trustee or director | 1 | $0 |
| LUKE MELCHERT | MEMBER Trustee or director | 1 | $0 |
| BRUCE LUNDGREN | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| GARY KLATT | MEMBER Trustee or director | 1 | $0 |
| CHAD DOCKTER | MEMBER Trustee or director | 1 | $0 |
| DAVID POKORNEY | TREASURER Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1110 YELLOW BRICK RD, CHASKA, MN 55318-2576
- Mailing address (990-N for 2010)
- 1403 Valley View Road, Chaska MN 55318
- Principal officer (990 for 2024)
- DAVE POKORNEY, 1110 YELLOW BRICK ROAD, CHASKA, MN 55318
- Principal officer (990-N for 2010)
- Rich Ford, 3090 Red Oak Circle, Chaska MN 55318
- Signed the 990
- DAVE POKORNEY, TREASURER
- Phone
- (952) 448-4444
- Return prepared by
- COPELAND BUHL & COMPANY PLLP
Mission
DEVELOP, CONSTRUCT, AND RENOVATE COMMUNITY ASSETS IN PARTNERSHIP WITH COMMUNITY OPERATING ENTITIES.
Program accomplishments
- CONSTRUCT AND FINANCE FACILITIES THROUGH LONG TERM GOVERNMENT GUARANTEED FINANCING, AND LEASING THE FACILITIES TO OTHER COMMUNITY NON PROFITS, GOVERNMENT ENTITIES, OR FOR PROFIT ENTITIES WHO AGREE TO OPERATE FOR THE COMMUNITY BENEFIT.Expenses $5,242,187 · revenue $6,175,333
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0268016
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $17,260,847
- Income (IRS master file)
- $6,340,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,340,861 | $6,175,493 | $17,260,847 | IRS |
| 990 | June 2024 | $6,717,918 | $5,354,736 | $16,460,248 | XML |
| 990 | June 2023 | $4,337,143 | $4,951,529 | $13,123,945 | XML |
| 990 | June 2022 | $4,083,929 | $4,649,279 | $13,869,790 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Rich Ford | June 30, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about COMMUNITY ASSET FOUNDATION
- What is the EIN of COMMUNITY ASSET FOUNDATION?
- The employer identification number (EIN) of COMMUNITY ASSET FOUNDATION is 27-0268016.
- Is COMMUNITY ASSET FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to COMMUNITY ASSET FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY ASSET FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY ASSET FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY ASSET FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMUNITY ASSET FOUNDATION?
- The 990 for the year ended June 30, 2025 names DAVE POKORNEY.
- Who are the officers and directors of COMMUNITY ASSET FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY ASSET FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,340,861, expenses of $6,175,493 and total assets of $17,260,847 at year end.
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- INTERGENERATIONAL LIVING & HEALTH CARE INC EIN 41-1740311 · last filed 990 for 2024
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