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Nonprofiteer
← EASTERN IOWA REGIONAL HOUSING CORPORATION

Form 990 for tax year 2024

Filed by EASTERN IOWA REGIONAL HOUSING CORPORATION.

Totals

Total revenue
$2,037,762
Total expenses
$1,948,957
Contributions and grants received
$1,547,315
Grants paid
$487,506
Program service revenue
$480,875
Investment income
$9,572
Other revenue
$0
Total assets, end of year
$4,570,683
Total liabilities, end of year
$2,250,568
Net assets or fund balances, end of year
$2,320,115
Program services expenses (Part IX)
$1,826,187
Management and general expenses
$122,770
Fundraising expenses
$0
Program service expenses (Part III)
$1,826,187

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,547,315

  • 2a · Program service revenue: RENTAL INCOME

    total $473,442 · related or exempt $473,442

  • 2b · Program service revenue: LAUNDRY/MISC INCOME

    total $5,383 · related or exempt $5,383

  • 2c · Program service revenue: APPLICATION FEES

    total $2,050 · related or exempt $2,050

  • 3 · Investment income

    total $9,572 · excluded $9,572

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,298 · program services $44,298

  • 2 · Grants to domestic individuals

    total $443,208 · program services $443,208

  • 11a · Fees: management

    total $6,231 · management and general $6,231

  • 11b · Fees: legal

    total $8,333 · management and general $8,333

  • 11c · Fees: accounting

    total $977 · management and general $977

  • 11g · Fees: other

    total $104,699 · management and general $104,699

  • 12 · Advertising and promotion

    total $137 · management and general $137

  • 13 · Office expenses

    total $5,792 · program services $3,399 · management and general $2,393

  • 16 · Occupancy

    total $318,752 · program services $318,752

  • 20 · Interest

    total $13,219 · program services $13,219

  • 22 · Depreciation, depletion and amortization

    total $239,737 · program services $239,737

  • 24a · Other expenses: RENTAL REHAB

    total $720,262 · program services $720,262

  • 24b · Other expenses: BAD DEBTS

    total $14,749 · program services $14,749

  • 24c · Other expenses: SUPPLIES

    total $8,507 · program services $8,507

  • 24e · All other expenses

    total $20,056 · program services $20,056

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $825,570 · end of year $923,430

  • 3 · Pledges and grants receivable

    end of year $97,458

  • 4 · Accounts receivable

    beginning of year $42,340 · end of year $9,655

  • 7 · Other notes and loans receivable

    end of year $94,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,279 · end of year $64,707

  • 10a · Land, buildings and equipment: cost or other basis

    $8,607,132

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,225,850

  • 10c · Land, buildings and equipment, net

    beginning of year $3,621,019 · end of year $3,381,282

  • 15 · Other assets

    beginning of year $101,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,207 · end of year $126,931

  • 23 · Secured mortgages and notes payable

    end of year $2,085,144

  • 25 · Other liabilities

    beginning of year $2,233,561 · end of year $38,493

  • 27 · Net assets without donor restrictions

    beginning of year $1,931,570 · end of year $2,014,359

  • 28 · Net assets with donor restrictions

    beginning of year $299,740 · end of year $305,756

Mission and programs · 2024

Mission

PROVIDE SUBSIDIZED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS WITH GRANTS FROM USDA RURAL DEVELOPMENT, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE STATE OF IOWA

Activities or mission (Part I)

PROVIDE SUBSIDIZED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS

  • PROVIDE SUBSIDIZED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS WITH GRANTS FROM USDA RURAL DEVELOPMENT, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE STATE OF IOWA.

    Expenses $1,826,187 · Grants $487,506 · Revenue $480,875

As filed on the 2024 return.

Listed in Part VII

  • Chuck Niehaus

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Linda Duesing

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.1
  • Michelle Schnier

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1
  • Abigail Spiegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Sue Hoeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Karen Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Joanne Guise

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Dawn Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Heather Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Steve Sauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Linda Gaul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Sarah Maurer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Donna Boss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Terry Creegan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Jessica Franzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Kathy Seyfert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Jake Ellwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Mark Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Decker Ploehn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • Lindsey Domeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • EAST CENTRAL INTERGOVERNMENTAL ASSOCIATION

    $44,298

    PROGRAM SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202611329349303641

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