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Nonprofiteer
← HOMEWARD INC

Form 990 for tax year 2023

Filed by HOMEWARD INC.

Totals

Total revenue
$59,634
Total expenses
$113,990
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,071
Investment income
$37,563
Other revenue
$0
Total assets, end of year
$2,322,760
Total liabilities, end of year
$23,243
Net assets or fund balances, end of year
$2,299,517
Program services expenses (Part IX)
$112,056
Management and general expenses
$1,934
Fundraising expenses
$0
Program service expenses (Part III)
$112,056

Program services were 98.3% 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: LOAN INTEREST

    total $22,071 · related or exempt $22,071

  • 3 · Investment income

    total $37,563 · excluded $37,563

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: OUTSIDE SERVICES

    total $56,431 · program services $54,497 · management and general $1,934

  • 24b · Other expenses: HTF GRANT EXPENSES

    total $56,359 · program services $56,359

  • 24c · Other expenses: PROV FOR LOAN LOSSES

    total $1,200 · program services $1,200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,674,130 · end of year $864,769

  • 7 · Other notes and loans receivable

    beginning of year $700,334 · end of year $429,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $365 · end of year $2,319

  • 12 · Investments: other securities

    end of year $1,026,368

  • 15 · Other assets

    beginning of year $1,836 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,553 · end of year $2,279

  • 18 · Grants payable

    beginning of year $6,239 · end of year $20,964

  • 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 $2,353,873 · end of year $2,299,517

Mission and programs · 2023

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 PROVIDING ADDITIONAL SHORT-TERM LENDING FOR RESIDENTIAL HOME PURCHASES AND AIDING IN THE BUILDING AND DEVELOPMENT OF SPECULATIVE HOUSING FOR THE PURPOSE OF PROMOTING RURAL ECONOMIC DEVELOPMENT.

    Expenses $112,056 · Revenue $22,071

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Marienau

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Craig Codner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Gossett

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Geerdes

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Garrett Thompson

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Jon Leerar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William McKim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keaton 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
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202412679349301001

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