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Nonprofiteer
← COULEE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by COULEE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$97,834
Total expenses
$93,748
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$95,828
Investment income
$2,006
Other revenue
$0
Total assets, end of year
$2,792,523
Total liabilities, end of year
$2,900,796
Net assets or fund balances, end of year
-$108,273
Program services expenses (Part IX)
$93,748
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$93,748

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $77,970 · related or exempt $77,970

  • 2b · Program service revenue: CLT GROUND LEASE FEES

    total $17,650 · related or exempt $17,650

  • 2f · All other program service revenue

    total $208 · related or exempt $208

  • 3 · Investment income

    total $2,006 · excluded $2,006

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,879 · program services $10,879

  • 11c · Fees: accounting

    total $1,077 · program services $1,077

  • 13 · Office expenses

    total $549 · program services $549

  • 16 · Occupancy

    total $16,456 · program services $16,456

  • 17 · Travel

    total $1,125 · program services $1,125

  • 20 · Interest

    total $6,127 · program services $6,127

  • 22 · Depreciation, depletion and amortization

    total $41,047 · program services $41,047

  • 23 · Insurance

    total $4,913 · program services $4,913

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $11,075 · program services $11,075

  • 24b · Other expenses: DUES & PUBLICATIONS

    total $500 · program services $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,198 · end of year $299,638

  • 2 · Savings and temporary cash investments

    beginning of year $50,139 · end of year $26,366

  • 4 · Accounts receivable

    beginning of year $7,521 · end of year $14,107

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

    $2,904,727

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

    $552,315

  • 10c · Land, buildings and equipment, net

    beginning of year $2,366,681 · end of year $2,352,412

  • 15 · Other assets

    beginning of year $100,000 · end of year $100,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,599 · end of year $63,941

  • 23 · Secured mortgages and notes payable

    beginning of year $1,166,362 · end of year $1,158,918

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $1,577,937 · end of year $1,577,937

  • 27 · Net assets without donor restrictions

    beginning of year -$112,359 · end of year -$108,273

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES.

Activities or mission (Part I)

THE FOSTERING OF DECENT HOUSING WHICH IS AFFORDABLE BY LOW-INCOME & MODERATE-INCOME HOUSEHOLDS.

  • COULEE HOUSING DEVELOPMENT CORPORATION (CHDC) WAS ORGANIZED AS A NON-PROFIT CORPORATION IN 2001 TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND FAMILIES AND TO HOUSE THE COULEE COMMUNITY LAND TRUST. CHDC'S ACTIVITIES ARE CONDUCTED IN CRAWFORD, LA CROSSE, MONROE, AND VERNON COUNTIES IN WISCONSIN.

    Expenses $93,748 · Revenue $95,828

As filed on the 2023 return.

Listed in Part VII

  • GEORGE KRUCK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MAUREEN FREELAND

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MICHELE ENGH

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • KAREN JOOS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • HETTI BROWN

    DIRECTOR

    Total calculated
    $151,936
    From this org
    $0
    From related orgs
    $143,038
    Other
    $8,898
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,038 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,582 related
    Nontaxable benefits
    $0 + $316 related
    Filer's total
    $0 + $151,936 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.1
Source object
202402959349300420

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