Nonprofit · EIN 41-1319973
LANESBORO HOUSING DEVELOPMENT INC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $383,559 | $299,335 | $84,224 | $716,263 | $86,428 | $629,835 |
| December 31, 2024 | 990 | $353,271 | $287,984 | $65,287 | $640,687 | $95,076 | $545,611 |
| December 31, 2023 | 990 | $297,945 | $342,632 | -$44,687 | $584,767 | $104,443 | $480,324 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $377,651
- Investment income
- $5,908
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $15,120
- Salaries, compensation and benefits (total)
- $16,886
- Professional fundraising fees
- $0
- Accounting fees
- $2,825
- Occupancy
- $158,726
- Depreciation
- $38,475
- Program services (functional)
- $259,355
- Management and general (functional)
- $39,980
Balance sheet and other
- Total assets, start of year
- $640,687
- Total assets, end of year
- $716,263
- Total liabilities, end of year
- $86,428
- Net assets, end of year
- $629,835
- Land, buildings and equipment
- $257,152
- Gross receipts
- $383,559
- Employees
- 0
- Year formed
- 1975
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BROWN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARGE FULLER | DIRECTOR Trustee or director | 1 | $0 |
| DOUG JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| HARRIET LAWSTON | TREASURER Trustee or director, Officer | 1 | $0 |
| ELIZABETH MITCHELL | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANNE SCHWICHTENBERG | DIRECTOR Trustee or director | 1 | $0 |
| ED TAYLOR | VICE - PRESI Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA BORGEN | DIRECTOR Trustee or director | 1 | $0 |
| MARGE FULLER | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD HORIHAN | DIRECTOR Trustee or director | 1 | $0 |
| DOUG JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| ELIZA MITCHELL | SECRETARY Trustee or director, Officer | 1 | $0 |
| ED TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD WOLFGRAMM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA BORGAN | DIRECTOR Trustee or director | 1 | $0 |
| MARGE FULLER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD HORIHAN | DIRECTOR Trustee or director | 1 | $0 |
| HARRIET LAWSTON | TREASURER Trustee or director, Officer | 1 | $0 |
| ELIZABETH MITCHEL | SECRETARY Trustee or director, Officer | 1 | $0 |
| ED TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RICHARD WOLFGRAMM | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 311 N CEDAR AVE, OWATONNA, MN 55060-2307
- Principal officer (990 for 2025)
- MICHAEL BROWN, 311 N CEDAR, OWATONNA, MN 55060
- Signed the 990
- MICHAEL BROWN, PRESIDENT
- Phone
- (507) 467-2222
- Return prepared by
- STRUSS CPAS PC
Mission
ELDERLY HOUSING RENTAL
Program accomplishments
- PROVIDE 34 ELDERLY HOUSING APARTMENT UNITS.Expenses $259,355 · revenue $377,651
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1319973
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $716,263
- Income (IRS master file)
- $383,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $383,559 | $299,335 | $716,263 | XML |
| 990 | December 2024 | $353,271 | $287,984 | $640,687 | XML |
| 990 | December 2023 | $297,945 | $342,632 | $584,767 | XML |
| 990 | December 2022 | $261,253 | $246,788 | $637,437 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 41-1319973).
Questions about LANESBORO HOUSING DEVELOPMENT INC
- What is the EIN of LANESBORO HOUSING DEVELOPMENT INC?
- The employer identification number (EIN) of LANESBORO HOUSING DEVELOPMENT INC is 41-1319973.
- Is LANESBORO HOUSING DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1978.
- Are donations to LANESBORO HOUSING DEVELOPMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LANESBORO HOUSING DEVELOPMENT 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 LANESBORO HOUSING DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LANESBORO HOUSING DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LANESBORO HOUSING DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 names MICHAEL BROWN.
- Who are the officers and directors of LANESBORO HOUSING DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LANESBORO HOUSING DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $383,559, expenses of $299,335 and total assets of $716,263 at year end.
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