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Nonprofiteer
← HOUSING FUND FOR LINN COUNTY

Form 990 for tax year 2024

Filed by HOUSING FUND FOR LINN COUNTY.

Totals

Total revenue
$2,095,558
Total expenses
$1,639,822
Contributions and grants received
$2,008,286
Grants paid
$1,282,681
Program service revenue
$0
Investment income
$87,272
Other revenue
$0
Total assets, end of year
$1,912,082
Total liabilities, end of year
$210,509
Net assets or fund balances, end of year
$1,701,573
Program services expenses (Part IX)
$1,495,548
Management and general expenses
$144,274
Fundraising expenses
$0
Program service expenses (Part III)
$1,495,548

Program services were 91.2% 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)

    $1,002,400

  • 1f · All other contributions, gifts and grants

    $1,005,886

  • 3 · Investment income

    total $87,272 · related or exempt $87,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $734,636 · program services $734,636

  • 2 · Grants to domestic individuals

    total $548,045 · program services $548,045

  • 11c · Fees: accounting

    total $10,800 · management and general $10,800

  • 11d · Fees: lobbying

    total $2,250 · management and general $2,250

  • 11g · Fees: other

    total $125,712 · management and general $125,712

  • 24a · Other expenses: CONTRIBUTION TO OTHERS

    total $212,867 · program services $212,867

  • 24b · Other expenses: MISC EXPENSE

    total $5,012 · management and general $5,012

  • 24c · Other expenses: DUES AND MEMBERSHIP

    total $500 · management and general $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $479,940 · end of year $211,666

  • 2 · Savings and temporary cash investments

    beginning of year $763,458 · end of year $871,563

  • 4 · Accounts receivable

    beginning of year $15,844 · end of year $8,215

  • 7 · Other notes and loans receivable

    beginning of year $554,354 · end of year $820,638

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,641 · end of year $25,400

  • 25 · Other liabilities

    beginning of year $549,118 · end of year $185,109

  • 27 · Net assets without donor restrictions

    beginning of year $857,994 · end of year $1,093,983

  • 28 · Net assets with donor restrictions

    beginning of year $387,843 · end of year $607,590

Mission and programs · 2024

Mission

THE ORGINIZATION IS DEDICATED TO IMPROVING QUALITY OF LIFE BY OFFERING INNOVATIVE AND FLEXIBLE FUNDING IN ORDER TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES WITHIN LINN COUNTY, IOWA.

  • AFFORDABLE HOUSING PROGRAM - GRANT FUNDS AND CONTRIBUTIONS WERE RECEIVED TO MAKE GRANTS AND LOANS TO ORGANIZATIONS AND BUSINESSES FOR RENTAL AND SECURITY DEPOSIT ASSISTANCE, CREATION OF AFFORDABLE HOUSING, REHABILITATION AND CONSTRUCTION OF AFFORDABLE HOUSING AND OTHER ASSISTANCE RELATING TO AFFORDABLE HOUSING FOR LOW AND VERY-LOW INCOME INDIVIDUALS.

    Expenses $1,495,548 · Grants $1,282,681

  • WINTER WEATHER SHELTER WAS PROVIDED FROM MID-NOVEMBER THROUGH THE END OF MARCH TO ENSURE THE SAFETY AND WELFARE OF INDIVIDUALS EXPERIENCING HOMELESSNESS DURING THE COLDEST MONTHS OF THE YEAR.

As filed on the 2024 return.

Listed in Part VII

  • Jack Gonder Left Fed 2025

    CHAIR

    Total calculated
    $0
  • Hunter Skogman Left Feb 25

    DIRECTOR

    Total calculated
    $0
  • Joanne Stevens Left Feb 25

    DIRECTOR

    Total calculated
    $0
  • Stephanie Murphy Left Feb 25

    DIRECTOR

    Total calculated
    $0
  • Tracey Achenbach Left Feb 25

    EXECUTIVE DI

    Total calculated
    $0
  • Ashley Balius

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2
  • Aaron Baumert

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Kesha Billings

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Karey Chase

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    2
  • Kim Downs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jerome Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Teresa Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicole McAlexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paula Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nathan Seyfer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dean Spina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ashley Vanorny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sara Buck

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2026
IRS schema version
2024v5.0
Source object
202601189349300110

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