Totals
- Total revenue
- $132,595
- Total expenses
- $47,785
- Contributions and grants received
- $25,148
- Grants paid
- $0
- Program service revenue
- $25,684
- Investment income
- $81,763
- Other revenue
- $0
- Total assets, end of year
- $2,386,377
- Total liabilities, end of year
- $2,050
- Net assets or fund balances, end of year
- $2,384,327
- Program services expenses (Part IX)
- $500
- Management and general expenses
- $47,285
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $500
Program services were 1.0% 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.
-
1e · Government grants (contributions)
$25,148
-
2a · Program service revenue: LOAN INTEREST
total $25,684 · related or exempt $25,684
-
3 · Investment income
total $81,763 · excluded $81,763
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $46,165 · management and general $46,165
-
24a · Other expenses: FEES
total $1,120 · management and general $1,120
-
24b · Other expenses: CREDIT LOSS EXPENSE
total $500 · program services $500
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $864,769 · end of year $1,538,379
-
7 · Other notes and loans receivable
beginning of year $429,304 · end of year $813,901
-
9 · Prepaid expenses and deferred charges
beginning of year $2,319 · end of year $2,028
-
12 · Investments: other securities
beginning of year $1,026,368 · end of year $25,675
-
15 · Other assets
end of year $6,394
-
17 · Accounts payable and accrued expenses
beginning of year $2,279 · end of year $2,050
-
18 · Grants payable
beginning of year $20,964 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $2,299,517 · end of year $2,384,327
Mission and programs · 2024
Mission
TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA.
-
TO PROVIDE FINANCIAL ASSISTANCE FOR RESIDENTIAL AND GENERAL ECONOMIC DEVELOPMENT IN RURAL IOWA COMMUNITIES. SUCH ASSISTANCE HAS CONSISTED OF AIDING IN THE BUILDING AND DEVELOPMENT OF SPECULATIVE HOUSING FOR THE PURPOSE OF PROMOTING RURAL ECONOMIC DEVELOPMENT.
Expenses $500 · Revenue $25,684
As filed on the 2024 return.
Listed in Part VII
-
Tim MarienauTIM MARIENAU
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Craig CodnerCRAIG CODNER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jim GossettJIM GOSSETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael GeerdesMICHAEL GEERDES
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Garrett ThompsonGARRETT THOMPSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jon LeerarJON LEERAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William McKimWILLIAM MCKIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keaton HildrethKEATON HILDRETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533179349308418
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