Nonprofit · EIN 81-1629552
NONPROFIT MORTGAGE
Tax-exempt · MINNEAPOLIS, MN 55435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $193,316 | $211,890 | -$18,574 | $100,638 | $0 | $100,638 |
| December 31, 2024 | 990 | $396,981 | $379,013 | $17,968 | $119,212 | $0 | $119,212 |
| December 31, 2023 | 990 | $358,781 | $359,392 | -$611 | $141,244 | $40,000 | $101,244 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $193,218
- Investment income
- $98
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,100
- Other salaries and wages
- $117,779
- Salaries, compensation and benefits (total)
- $144,263
- Professional fundraising fees
- $0
- Accounting fees
- $3,600
- Occupancy
- $3,055
- Program services (functional)
- $185,220
- Management and general (functional)
- $26,670
Balance sheet and other
- Total assets, start of year
- $119,212
- Total assets, end of year
- $100,638
- Total liabilities, end of year
- $0
- Net assets, end of year
- $100,638
- Land, buildings and equipment
- $141
- Net assets without donor restrictions
- $100,638
- Gross receipts
- $193,316
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2019
- 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 |
|---|---|---|---|
| Ronald Welbaum | President Trustee or director, Officer | 40 | $0 |
| Tina Martini | Sectretary Trustee or director, Officer | 1 | $0 |
| Geeta Chopra | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Welbaum | President Trustee or director, Officer, Key employee | 40 | $0 |
| Tina Martini | Sectretary Trustee or director, Officer | 1 | $0 |
| Geeta Chopra | Treasurer Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ronald Welbaum | President Trustee or director, Officer, Key employee | 40 | $0 |
| Tina Martini | Sectretary Trustee or director, Officer | 1 | $0 |
| Geeta Chopra | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4445 W 77TH ST, MINNEAPOLIS, MN 55435-5133
- In care of
- % RONALD WELBAUM
- Mailing address (990-N for 2020)
- 707 Saint Olaf Ave, Northfield MN 55057
- Principal officer (990 for 2025)
- Ronald Welbaum, 4445 W 75th Street, Minneapolis, MN 55435
- Principal officer (990-N for 2020)
- Ronald Welbaum, 707 Saint Olaf Ave, Northfield MN 55057
- Signed the 990
- Ronald Welbaum, President
- Phone
- (612) 408-7777
- Website
- nonprofitmortgage.org
- Return prepared by
- Adam Baker CPA
Mission
Nonprofit Mortgage provides down payment assistance funds to underserved and disadvantaged customers.
Program accomplishments
- Nonprofit Mortgage provides down payment assistance funds to underserved and disadvantaged customers.Expenses $185,220 · revenue $193,218
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
- 81-1629552
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $100,638
- Income (IRS master file)
- $193,316
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $193,316 | $211,890 | $100,638 | XML |
| 990 | December 2024 | $396,981 | $379,013 | $119,212 | XML |
| 990 | December 2023 | $358,781 | $359,392 | $141,244 | XML |
| 990 | December 2022 | $315,177 | $282,919 | $287,940 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Ronald Welbaum | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-1629552).
Questions about NONPROFIT MORTGAGE
- What is the EIN of NONPROFIT MORTGAGE?
- The employer identification number (EIN) of NONPROFIT MORTGAGE is 81-1629552.
- Is NONPROFIT MORTGAGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NONPROFIT MORTGAGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NONPROFIT MORTGAGE 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 NONPROFIT MORTGAGE 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 NONPROFIT MORTGAGE 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 NONPROFIT MORTGAGE?
- The 990 for the year ended December 31, 2025 names Ronald Welbaum.
- Who are the officers and directors of NONPROFIT MORTGAGE?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does NONPROFIT MORTGAGE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $193,316, expenses of $211,890 and total assets of $100,638 at year end.
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