← EASTERN IOWA REGIONAL HOUSING CORPORATION

Form 990 for tax year 2022

Filed by EASTERN IOWA REGIONAL HOUSING CORPORATION.

Totals

Total revenue: $1,420,303
Total expenses: $1,510,199
Contributions and grants received: $658,591
Grants paid: $0
Program service revenue: $577,761
Investment income: $5,948
Other revenue: $178,003
Total assets, end of year: $4,761,027
Total liabilities, end of year: $2,519,172
Net assets or fund balances, end of year: $2,241,855
Program services expenses (Part IX): $1,432,722
Management and general expenses: $77,477
Fundraising expenses: $0
Program service expenses (Part III): $1,432,722

Program services were 94.9% 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)

$658,591
2a · Program service revenue: RENTAL INCOME

total $450,037 · related or exempt $450,037
2b · Program service revenue: LOCAL GRANT MATCHES

total $125,699 · related or exempt $125,699
2c · Program service revenue: APPLICATION FEES

total $2,025 · related or exempt $2,025
3 · Investment income

total $5,948 · excluded $5,948
11a · Other revenue: OTHER REVENUE

total $149,538 · excluded $149,538
11b · Other revenue: ASSET SALE PROCEEDS

total $27,623 · excluded $27,623
11c · Other revenue: LAUNDRY & VENDING INCOME

total $842 · excluded $842
11e · Other revenue, total

$178,003

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $46,340 · management and general $46,340
11b · Fees: legal

total $2,783 · program services $2,783
11c · Fees: accounting

total $896 · management and general $896
12 · Advertising and promotion

total $785 · management and general $785
13 · Office expenses

total $29,456 · management and general $29,456
16 · Occupancy

total $284,541 · program services $284,541
20 · Interest

total $38,368 · program services $38,368
22 · Depreciation, depletion and amortization

total $236,485 · program services $236,485
23 · Insurance

total $46,019 · program services $46,019
24a · Other expenses: HOUSING ASSISTANCE PYMTS

total $693,980 · program services $693,980
24b · Other expenses: OTHER EXPENSE

total $37,250 · program services $37,250
24c · Other expenses: GRANT MATCH EXPENSE

total $36,226 · program services $36,226
24d · Other expenses: TRANSFER TO OTHER PROG

total $34,821 · program services $34,821
24e · All other expenses

total $22,249 · program services $22,249

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $892,563 · end of year $800,560
3 · Pledges and grants receivable

beginning of year $1,696 · end of year $6,330
4 · Accounts receivable

beginning of year $82,189 · end of year $118,038
9 · Prepaid expenses and deferred charges

beginning of year $6,324 · end of year $4,716
10a · Land, buildings and equipment: cost or other basis

$8,614,706
10b · Land, buildings and equipment: accumulated depreciation

$4,892,297
10c · Land, buildings and equipment, net

beginning of year $3,870,817 · end of year $3,722,409
15 · Other assets

beginning of year $115,939 · end of year $108,974
17 · Accounts payable and accrued expenses

beginning of year $124,290 · end of year $142,631
19 · Deferred revenue

beginning of year $117
25 · Other liabilities

beginning of year $2,513,370 · end of year $2,376,541
27 · Net assets without donor restrictions

beginning of year $1,965,977 · end of year $1,938,579
28 · Net assets with donor restrictions

beginning of year $365,774 · end of year $303,276

Mission and programs · 2022

Mission

TO 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.

TO PROVIDE SUITABLE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS.

Expenses $1,432,722 · Revenue $577,761

As filed on the 2022 return.

Listed in Part VII

Karen AdamsKAREN ADAMS

DIRECTOR

Total calculated

$0
Donna BossDONNA BOSS

DIRECTOR

Total calculated

$0
Terry CreeganTERRY CREEGAN

DIRECTOR

Total calculated

$0
Kelley DeutmeyerKELLEY DEUTMEYER

SECRETARY

Total calculated

$0
Linda DuesingLINDA DUESING

TREASURER

Total calculated

$0
James FlogelJAMES FLOGEL

VICE CHAIR

Total calculated

$0
Jessica FranzenJESSICA FRANZEN

DIRECTOR

Total calculated

$0
Linda GaulLINDA GAUL

DIRECTOR

Total calculated

$0
Joanne GuiseJOANNE GUISE

DIRECTOR

Total calculated

$0
Sue HoegerSUE HOEGER

DIRECTOR

Total calculated

$0
Mark HuntMARK HUNT

DIRECTOR

Total calculated

$0
Patrick JohnsonPATRICK JOHNSON

DIRECTOR

Total calculated

$0
Heather JonesHEATHER JONES

DIRECTOR

Total calculated

$0
Sarah MaurerSARAH MAURER

DIRECTOR

Total calculated

$0
Chuck NiehausCHUCK NIEHAUS

CHAIR

Total calculated

$0
Decker PloehnDECKER PLOEHN

DIRECTOR

Total calculated

$0
Leo RolingLEO ROLING

DIRECTOR

Total calculated

$0
Kathy SeyfertKATHY SEYFERT

DIRECTOR

Total calculated

$0
Tom YeomanTOM YEOMAN

DIRECTOR

Total calculated

$0

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 May 2024
IRS schema version: 2022v5.0
Source object: 202401369349303695

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.