Forman Housing Association

Nonprofit profile at a glance

EIN
456038728
IRS 990-EZ coverage
2016–2025
Forms available
Form 990-EZ 2025
Location
Mott, ND, USA
Phone
7017243967
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$89,074
Expenses
$85,642
Assets
$99,739
Liabilities
$32,479

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DAVE MARTINSEN (PRESIDENT)

People named in this filing

  • DAVE MARTINSEN (PRESIDENT)
  • WALLACE HERMAN (VICE-PRESIDE)
  • BENITA ZIEGLER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing for low-income and elderly tenants

What it reported doing in 2025

We are a housing project that offers 16 apartments to low income and elderly tenants

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 42
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.1%; rating input score 96
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 3.9%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 1.16; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 46th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 30th percentile among comparable filings

Details

  • Where the money goes: 96.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $86K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.