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Nonprofit · EIN 41-1236274

LAKE REGION HALF-WAY HOMES INC

Tax-exempt · FERGUS FALLS, MN 56537

Financials

$423K$498K2023$505K$482K2024
Revenue Expenses · by fiscal year end
Financials of LAKE REGION HALF-WAY HOMES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$504,760$482,091$22,669$163,123$7,447$155,676
December 31, 2023990$422,849$497,759-$74,910$167,776$34,769$133,007
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,500
Program service revenue
$466,221
Investment income
$7,438
Other revenue
$29,601

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$320,818
Salaries, compensation and benefits (total)
$364,467
Professional fundraising fees
$0
Accounting fees
$4,455
Depreciation
$8,024
Program services (functional)
$355,888
Management and general (functional)
$126,203

Balance sheet and other

Total assets, start of year
$167,776
Total assets, end of year
$163,123
Total liabilities, end of year
$7,447
Net assets, end of year
$155,676
Land, buildings and equipment
$115,403
Net assets without donor restrictions
$155,676
Gross receipts
$504,760
Employees
17
Volunteers
9
Year formed
1977
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PRESTON BERGPresident
Trustee or director
0$0
MICHELLE WILSONVice President
Trustee or director
0$0
RICK WICKLUNDTreasurer
Trustee or director
0$0
DAN LIPSONSecretary
Trustee or director
0$0
MELISSA JENSENPresident
Trustee or director
0$0
MARY MATTESONDirector
Trustee or director
0$0
JASON SCHUETZLEDirector
Trustee or director
0$0
ADAM SILBERNAGELDirector
Trustee or director
0$0
CAREY JOHNSONDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
PRESTON BERGPresident
Trustee or director
0$0
MICHELLE WILSONVice President
Trustee or director
0$0
RICK WICKLUNDTreasurer
Trustee or director
0$0
DAN LIPSONSecretary
Trustee or director
0$0
MELISSA JENSENPresident
Trustee or director
0$0
MARY MATTESONDirector
Trustee or director
0$0
JASON SCHUETZLEDirector
Trustee or director
0$0
ADAM SILBERNAGELDirector
Trustee or director
0$0
CAREY JOHNSONDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
217 N UNION AVE, FERGUS FALLS, MN 56537-2127
Signed the 990
PRESTON BERG, President
Phone
(218) 739-9084
Return prepared by
Swenson Saurer Gerber Anderson & Co

Mission

HALFWAY HOME FOR THE CHEMICALLY DEPENDENT

990 for the year ended December 31, 2024

Program accomplishments

  • HALFWAY HOME FOR THE CHEMICALLY DEPENDENT
    Expenses $355,888

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1236274
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$163,123
Income (IRS master file)
$504,760

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$504,760$482,091$163,123XML
990December 2023$422,849$497,759$167,776XML
990December 2022$554,117$583,134$221,352IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 41-1236274).

Questions about LAKE REGION HALF-WAY HOMES INC

What is the EIN of LAKE REGION HALF-WAY HOMES INC?
The employer identification number (EIN) of LAKE REGION HALF-WAY HOMES INC is 41-1236274.
Is LAKE REGION HALF-WAY HOMES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to LAKE REGION HALF-WAY HOMES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAKE REGION HALF-WAY HOMES INC 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 LAKE REGION HALF-WAY HOMES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE REGION HALF-WAY HOMES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of LAKE REGION HALF-WAY HOMES INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does LAKE REGION HALF-WAY HOMES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $504,760, expenses of $482,091 and total assets of $163,123 at year end.

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