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Nonprofiteer
← STORY COUNTY HOUSING TRUST

Form 990 for tax year 2024

Filed by STORY COUNTY HOUSING TRUST.

Totals

Total revenue
$948,885
Total expenses
$764,263
Contributions and grants received
$948,263
Grants paid
$679,468
Program service revenue
$0
Investment income
$622
Other revenue
$0
Total assets, end of year
$503,107
Total liabilities, end of year
$122
Net assets or fund balances, end of year
$502,985
Program services expenses (Part IX)
$686,730
Management and general expenses
$77,533
Fundraising expenses
$0
Program service expenses (Part III)
$686,730

Program services were 89.9% 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)

    $942,539

  • 1f · All other contributions, gifts and grants

    $5,724

  • 3 · Investment income

    total $622 · excluded $622

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $619,468 · program services $619,468

  • 2 · Grants to domestic individuals

    total $60,000 · program services $60,000

  • 11g · Fees: other

    total $77,533 · management and general $77,533

  • 16 · Occupancy

    total $1,425 · program services $1,425

  • 22 · Depreciation, depletion and amortization

    total $2,696 · program services $2,696

  • 23 · Insurance

    total $3,141 · program services $3,141

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,620 · end of year $50,717

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

    $455,086

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

    $2,696

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $452,390

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,832 · end of year $122

  • 27 · Net assets without donor restrictions

    beginning of year $142,788 · end of year $502,985

Mission and programs · 2024

Mission

STORY COUNTY HOUSING TRUST PROVIDES LOW INCOME PERSONS IN STORY COUNTY TO INNOVATIVE AND FLEXIBLE FUNDING FROM VARIOUS FEDERAL, STATE AND LOCAL SOURCES OF REVENUE TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES.

Activities or mission (Part I)

THE STORY COUNTY HOUSING TRUST IS A NON-PROFIT ORGANIZATION FORMED TO ADDRESS THE HOUSING NEEDS OF LOW INCOME PERSONS IN STORY COUNTY BY PROVIDING INNOVATIVE AND FLEXIBLE FUNDING FROM VARIOUS FEDERAL, STATE AND LOCAL SOURCES OF REVENUE TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES.

  • STORY COUNTY HOUSING TRUST PROVIDES FUNDING TO PRODUCE NEW AND PRESERVE EXISTING AFFORDABLE HOUSING, TO PROMOTE HOMEOWNERSHIP, AND SUPPORT HOMES AND TRANSITIONAL HOUSING SERVICES FOR LOW INCOME RESIDENTS OF STORY COUNTY.

    Expenses $686,730 · Grants $679,468

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LATIFAH FAISAL

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • CRAIG HENRY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • STEVE RINGLEE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • ERIK BUNKER

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • AMBER CORRIERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • NANCY BEATTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • HOPE METHENY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • PHYLLIS FEVOLD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • MATT FLUMMERFELT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GREG PIKLAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • GREG SCHLUETER

    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

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • THE BRIDGE HOME

    $100,000

    TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • CITY OF NEVADA

    $33,458

    TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • IOWA FINANCE AUTHORITY

    $17,376

    TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

  • STORY COUNTY ENVIRONMENTAL HEALTH

    $15,000

    TO SUPPORT THE OPERATIONS OF STORY COUNTY COMMUNITY HOUSING AGENCIES

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202601339349302285

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

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