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Greater Minnesota Management

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411881207 ✦ Erskine, MN ✦ Designated as a 501(c)(3)

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Overview

What is Greater Minnesota Management?

Greater Minnesota Management is a nonprofit organization based in Erskine, Minnesota. They specialize in managing rental housing projects, primarily constructed with Essential Function Bonds. Their comprehensive services encompass full accounting, marketing, tenant qualification, lease management, and property maintenance. In 2022, they successfully managed 902 rental units, demonstrating their proficiency and commitment to this field. With a workforce of 34 employees, Greater Minnesota Management effectively manages rental housing projects to ensure tenants' comfort and satisfaction.


Official website here: www.gmmco.org

Is Greater Minnesota Management legitimate?

Greater Minnesota Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Minnesota Management submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $199,469
Professional Fundraising Fees: $0
Other Salaries and Wages: $859,876

For more financial information, click here


Official website here: www.gmmco.org

What is the mission statement of Greater Minnesota Management?

Greater Minnesota Management's mission is centered around managing rental housing projects that have been funded through Essential Function Bonds. They establish third-party management contracts with property owners, providing comprehensive services as outlined in the detailed contract. These services encompass full accounting, marketing the property, vetting applicants, managing leases, and overseeing property maintenance. In 2022, Greater Minnesota Management managed a total of 902 rental units.


Official website here: www.gmmco.org

Who is the CEO of Greater Minnesota Management?

Trisha Dally is the Former President of Greater Minnesota Management. The CEO's salary of Greater Minnesota Management is $21,917 and their total compensation is $58,445.


Official website here: www.gmmco.org

What is the revenue of Greater Minnesota Management?

Greater Minnesota Management's revenue in 2023 was $1,503,167.


Official website here: www.gmmco.org

Who are the executives of Greater Minnesota Management and what are their salaries?

The average compensation at Greater Minnesota Management during 2023 was $31,157. There are 34 employees at Greater Minnesota Management.


Here are 9 key members and their salaries (Greater Minnesota Management's CEO's salary is $21,917 and their total compensation is $58,445):


Tim Flathers (Former President)
  • Compensation: $0
  • Related: $0
  • Other: $1,137
Michelle Landsverk (President)
  • Compensation: $0
  • Related: $0
  • Other: $668
Lee Meier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,745
Tom Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $1,058
Mark Finstad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $578
Susan Christianson (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $851
Trisha Dally (Ceo)
  • Compensation: $40,721
  • Related: $40,721
  • Other: $0
Kristen Morgenroth (Finance Manager)
  • Compensation: $34,363
  • Related: $51,545
  • Other: $0
Miriam Buchanan (Former Ceo)
  • Compensation: $21,917
  • Related: $36,528
  • Other: $0


Official website here: www.gmmco.org

Where can I find the form 990 for Greater Minnesota Management?

Greater Minnesota Management's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.gmmco.org

Learn more at the official website: www.gmmco.org

Mission Statement of Greater Minnesota Management

Greater Minnesota Management, a organization specializing in rental housing projects, is committed to managing properties constructed with Essential Function Bonds. Their mission involves entering into third-party management contracts with the property owners, providing comprehensive management services as outlined in the detailed contract. These services encompass various aspects such as accounting, marketing the property, qualifying applicants, managing leases, and administering property maintenance. In 2022, Greater Minnesota Management successfully managed 902 rental units, demonstrating their expertise and dedication to this field.

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Impact




October, 2024

Greater Minnesota Management plays a vital role in enhancing the availability and quality of affordable housing in the region. By managing rental housing projects built with essential function bonds, the organization ensures that residents have access to well-maintained and efficiently operated living spaces.

Through detailed management contracts, they provide comprehensive services including full accounting, property marketing, applicant qualification, lease management, and property maintenance administration. This holistic approach not only supports property owners but also fosters stable, sustainable communities for renters.

In 2022, Greater Minnesota Management successfully managed 902 rental units, demonstrating a significant impact on the housing landscape in Erskine, Minnesota, and contributing to the overall well-being of the community by prioritizing safe and affordable housing options. Their efforts align with broader goals of improving housing accessibility and maintaining community standards, making a noteworthy difference in the lives of many residents.




This information is meant to be a general summary of Greater Minnesota Management. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,503,167 (2023)
Expenses
$1,448,942 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $31,451
  • Program Service Revenue: $1,440,916
  • Gross Receipts: $1,503,167

Assets and Liabilities:

  • Total Assets: $2,746,245
  • Total Liabilities: $107,049
  • Net Assets: $2,639,196

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACTED SERVICE FEE

Revenue

$1,143,168

PROPERTY MANAGEMENT FE

Revenue

$297,748

Organization Details

Founding Year

1997

Principal Officer

Trisha Dally

Main Address

22594 347TH STREET SE, ERSKINE, MN, 56535

NTEE Category

Code: L20Z - Housing

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