Mnic Building Company

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

EIN: 863182133 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Mnic Building Company?

Mnic Building Company is a nonprofit organization situated in Minneapolis, Minnesota, with the address 2507 Fremont Ave No, 55411. Their primary role is to support another organization named MNIC, by proactively acquiring, renovating, and managing properties for their benefit. Although the specifics of MNIC's purpose are not provided in the information, Mnic Building Company serves as a facilitator, ensuring that MNIC has the necessary infrastructure to carry out its operations effectively.


Official website here: www.mnic.org

Is Mnic Building Company legitimate?

Mnic Building Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mnic Building Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mnic.org

What is the mission statement of Mnic Building Company?

Mnic Building Company's mission is centered around supporting another organization, MNIC, by actively seeking, purchasing, and renovating properties for its use. In essence, the company's objective is to contribute to MNIC's operations by managing real estate-related tasks. By doing so, Mnic Building Company plays a crucial role in supporting the overall goals and activities of MNIC.


Official website here: www.mnic.org

Who is the CEO of Mnic Building Company?

Paul Eaton is the President/Ceo of Mnic Building Company. The CEO's salary of Mnic Building Company is $0 and their total compensation is $82,628.


Official website here: www.mnic.org

What is the revenue of Mnic Building Company?

Mnic Building Company's revenue in 2022 was $210,783.


Official website here: www.mnic.org

Who are the executives of Mnic Building Company and what are their salaries?

There 4 volunteers at Mnic Building Company.


Here are 4 key members and their salaries (Mnic Building Company's CEO's salary is $0 and their total compensation is $82,628):


Paul Eaton (President/Ceo)
  • Compensation: $0
  • Related: $68,605
  • Other: $14,023
Joseph Billings (Vice-Chair, Secretary)
  • Compensation: $0
  • Related: $94,779
  • Other: $13,091
Aaron Stinar (Treasurer/Cfo)
  • Compensation: $0
  • Related: $62,514
  • Other: $5,992
Reginal Womack (Assistant Treasurer)
  • Compensation: $0
  • Related: $107,335
  • Other: $18,007


Official website here: www.mnic.org

Where can I find the form 990 for Mnic Building Company?

Mnic Building Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mnic.org

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

Mission Statement of Mnic Building Company

Mnic Building Company, as a supporting organization, is dedicated to serving Mnic by actively seeking, purchasing, and renovating properties for their use. The company's mission is to function as a reliable partner, contributing to Mnic's growth and development by facilitating the acquisition and enhancement of necessary facilities. In essence, Mnic Building Company plays a pivotal role in supporting Mnic's operations by procuring and refurbishing properties to meet their needs.

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Impact




October, 2024

Mnic Building Company significantly impacts the Minneapolis community by seeking, purchasing, and renovating properties to support the mission of MNIC. Through its focused efforts, the organization plays a vital role in enhancing local neighborhoods, improving housing quality, and fostering economic development. By transforming underutilized or neglected spaces into functional and appealing environments, Mnic Building Company contributes to the revitalization of the area, promoting a sense of community and providing better living conditions for residents. Its work not only helps to meet the housing needs of the community but also serves as a catalyst for further investment and growth in the region, ensuring long-term benefits for local families and businesses.




This information is meant to be a general summary of Mnic Building Company. 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
$210,783 (2022)
Expenses
$323,405 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25
  • Program Service Revenue: $210,758
  • Gross Receipts: $210,783

Assets and Liabilities:

  • Total Assets: $2,610,967
  • Total Liabilities: $2,732,219
  • Net Assets: -$121,252

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Programs

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

RENT INCOME

Revenue

$210,758

Organization Details

Founding Year

2021

Principal Officer

Paul Eaton

Main Address

2507 FREMONT AVE NO, MINNEAPOLIS, MN, 55411

NTEE Category

Code: W19 - Public benefit

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