Nonprofit · EIN 41-1247552
WATKINS AREA HOMES INC
Tax-exempt · MANKATO, MN 56001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $102,994 | $109,124 | -$6,130 | $278,069 | $12,507 | $265,562 |
| December 31, 2024 | 990 | $97,678 | $67,880 | $29,798 | $283,853 | $12,161 | $271,692 |
| December 31, 2023 | 990 | $80,177 | $81,531 | -$1,354 | $253,983 | $12,089 | $241,894 |
| December 31, 2022 | 990 | $77,156 | $78,420 | -$1,264 | $255,549 | $170,438 | $85,111 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $102,809
- Investment income
- $185
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,148
- Accounting fees
- $2,375
- Depreciation
- $5,926
- Program services (functional)
- $109,124
Balance sheet and other
- Total assets, start of year
- $283,853
- Total assets, end of year
- $278,069
- Total liabilities, end of year
- $12,507
- Net assets, end of year
- $265,562
- Land, buildings and equipment
- $103,788
- Net assets without donor restrictions
- $265,562
- Gross receipts
- $102,994
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2005
- 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 |
|---|---|---|---|
| RACHEL KINZER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID NEISEN | BOARD MEMBER Trustee or director | 1 | $0 |
| DON SCHMITT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ARLIS KLEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL KINZER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID NEISEN | BOARD MEMBER Trustee or director | 1 | $0 |
| DON SCHMITT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ARLIS KLEIN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON FROEHLING | OFFICER Officer | – | $0 |
| ELDRED FROEHLING | OFFICER Officer | – | $0 |
| RACHEL KINZER | OFFICER Officer | – | $0 |
| RALPH KRAMER | OFFICER Officer | – | $0 |
| DAVID NEISEN | SECRETARY Officer | – | $0 |
| DAVID NEISEN | SECRETARY Officer | – | $0 |
| DON SCHMIDT | PRESIDENT Officer | – | $0 |
| JIM SCHREIFELS | OFFICER Officer | – | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON FROEHLING | OFFICER Officer | 0.5 | $0 |
| ELDRED FROEHLING | OFFICER Officer | 0.5 | $0 |
| RACHEL KINZER | OFFICER Officer | 0.5 | $0 |
| RALPH KRAMER | OFFICER Officer | 0.5 | $0 |
| DAVID NEISEN | SECRETARY Officer | 0.5 | $0 |
| DON SCHMITT | PRESIDENT Officer | 0.5 | $0 |
| JIM SCHREIFELS | OFFICER Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 201 N BROAD ST STE 109, MANKATO, MN 56001-3569
- Principal officer (990 for 2025)
- DON SCHMITT, 13533 160TH STREET, WATKINS, MN 55389
- Signed the 990
- DON SCHMITT, PRESIDENT
- Phone
- (507) 345-1290
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
LOW INCOME HOUSING RENTAL
Program accomplishments
- LOW INCOME HOUSINGExpenses $109,124 · revenue $102,809
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
- 41-1247552
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $278,069
- Income (IRS master file)
- $102,994
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $102,994 | $109,124 | $278,069 | IRS |
| 990 | December 2024 | $97,678 | $67,880 | $283,853 | XML |
| 990 | December 2023 | $80,177 | $81,531 | $253,983 | XML |
| 990 | December 2022 | $77,156 | $78,420 | $255,549 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 41-1247552).
Questions about WATKINS AREA HOMES INC
- What is the EIN of WATKINS AREA HOMES INC?
- The employer identification number (EIN) of WATKINS AREA HOMES INC is 41-1247552.
- Is WATKINS AREA HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1969.
- Are donations to WATKINS AREA HOMES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WATKINS AREA 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 WATKINS AREA HOMES 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 WATKINS AREA HOMES 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 WATKINS AREA HOMES INC?
- The 990 for the year ended December 31, 2025 names DON SCHMITT.
- Who are the officers and directors of WATKINS AREA HOMES INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WATKINS AREA HOMES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $102,994, expenses of $109,124 and total assets of $278,069 at year end.
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