Form 990 for tax year 2024
Filed by NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION.
Totals
- Total revenue
- -$61,173
- Total expenses
- $8,537
- Contributions and grants received
- $29,845
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$91,018
- Total assets, end of year
- $563,524
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $563,524
- Program services expenses (Part IX)
- $4,267
- Management and general expenses
- $4,270
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,267
Program services were 50.0% 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.
-
1d · Related organizations
$29,845
-
10a · Gross sales of inventory
$100,000
-
10b · Cost of goods sold
$191,018
-
10c · Net income from sales of inventory
total -$91,018 · excluded -$91,018
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $355 · program services $177 · management and general $178
-
12 · Advertising and promotion
total $1,000 · program services $500 · management and general $500
-
13 · Office expenses
total $325 · program services $162 · management and general $163
-
19 · Conferences, conventions and meetings
total $200 · program services $100 · management and general $100
-
20 · Interest
total $86 · program services $43 · management and general $43
-
23 · Insurance
total $5,354 · program services $2,677 · management and general $2,677
-
24a · Other expenses: SUPPLIES
total $1,217 · program services $608 · management and general $609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $200,781 · end of year $7,021
-
8 · Inventories for sale or use
beginning of year $248,000 · end of year $556,503
-
27 · Net assets without donor restrictions
beginning of year $448,781 · end of year $563,524
Mission and programs · 2024
Mission
DRIVING HOUSING GROWTH IN NORTH IOWA THROUGH STRATEGIC SITE IDENTIFICATION, COLLABORATIVE PLANNING AND STRONG CONNECTIONS WITH DEVELOPERS.
-
TO EXPAND THE INVENTORY OF QUALITY, ATTAINABLE HOUSING UNITS.
Expenses $4,267
As filed on the 2024 return.
Listed in Part VII
-
Aaron BurnettAARON BURNETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott FlorySCOTT FLORY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Tom MeyerTOM MEYER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mrytle NelsonMRYTLE NELSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Melissa SchonebergMELISSA SCHONEBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 March 2026
- IRS schema version
- 2024v5.0
- Source object
- 202630939349301653
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