Form 990 for tax year 2023
Filed by EASTERN IOWA REGIONAL HOUSING CORPORATION.
Totals
- Total revenue
- $1,863,888
- Total expenses
- $1,874,433
- Contributions and grants received
- $914,394
- Grants paid
- $0
- Program service revenue
- $535,878
- Investment income
- $5,573
- Other revenue
- $408,043
- Total assets, end of year
- $4,593,078
- Total liabilities, end of year
- $2,361,768
- Net assets or fund balances, end of year
- $2,231,310
- Program services expenses (Part IX)
- $1,802,225
- Management and general expenses
- $72,208
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,802,225
Program services were 96.1% 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)
$914,394
-
2a · Program service revenue: RENTAL INCOME
total $433,653 · related or exempt $433,653
-
2b · Program service revenue: LOCAL GRANT MATCHES/APPLIC
total $102,225 · related or exempt $102,225
-
3 · Investment income
total $5,573 · excluded $5,573
-
11a · Other revenue: OTHER REVENUE
total $349,159 · excluded $349,159
-
11b · Other revenue: ASSET SALE PROCEEDS
total $57,818 · excluded $57,818
-
11c · Other revenue: LAUNDRY & VENDING INCOME
total $1,066 · excluded $1,066
-
11e · Other revenue, total
$408,043
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $47,605 · management and general $47,605
-
11b · Fees: legal
total $6,911 · program services $6,911
-
11c · Fees: accounting
total $959 · management and general $959
-
12 · Advertising and promotion
total $188 · management and general $188
-
13 · Office expenses
total $23,456 · management and general $23,456
-
16 · Occupancy
total $381,026 · program services $381,026
-
17 · Travel
total $38 · program services $38
-
20 · Interest
total $33,006 · program services $33,006
-
22 · Depreciation, depletion and amortization
total $236,104 · program services $236,104
-
23 · Insurance
total $48,853 · program services $48,853
-
24a · Other expenses: HOUSING ASSISTANCE PYMTS
total $931,228 · program services $931,228
-
24b · Other expenses: BAD DEBT
total $64,646 · program services $64,646
-
24c · Other expenses: TRANSFER TO OTHER PROG
total $60,492 · program services $60,492
-
24d · Other expenses: OTHER EXPENSE
total $39,921 · program services $39,921
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $800,560 · end of year $825,570
-
3 · Pledges and grants receivable
beginning of year $6,330
-
4 · Accounts receivable
beginning of year $118,038 · end of year $42,340
-
9 · Prepaid expenses and deferred charges
beginning of year $4,716 · end of year $2,279
-
10a · Land, buildings and equipment: cost or other basis
$8,749,420
-
10b · Land, buildings and equipment: accumulated depreciation
$5,128,401
-
10c · Land, buildings and equipment, net
beginning of year $3,722,409 · end of year $3,621,019
-
15 · Other assets
beginning of year $108,974 · end of year $101,870
-
17 · Accounts payable and accrued expenses
beginning of year $142,631 · end of year $128,207
-
25 · Other liabilities
beginning of year $2,376,541 · end of year $2,233,561
-
27 · Net assets without donor restrictions
beginning of year $1,938,579 · end of year $1,931,570
-
28 · Net assets with donor restrictions
beginning of year $303,276 · end of year $299,740
Mission and programs · 2023
Mission
TO PROVIDE SUBSIDIZED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS WITH GRANTS FROM USDA RURAL DEVELOPMENT, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THE STATE OF IOWA.
-
TO PROVIDE SUITABLE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS.
Expenses $1,802,225 · Revenue $535,878
As filed on the 2023 return.
Listed in Part VII
-
Karen AdamsKAREN ADAMS
DIRECTOR
- Total calculated
- $0
-
Donna BossDONNA BOSS
DIRECTOR
- Total calculated
- $0
-
Terry CreeganTERRY CREEGAN
DIRECTOR
- Total calculated
- $0
-
Linda DuesingLINDA DUESING
VICE CHAIR
- Total calculated
- $0
-
Jake EllwoodJAKE ELLWOOD
DIRECTOR
- Total calculated
- $0
-
Jessica FranzenJESSICA FRANZEN
DIRECTOR
- Total calculated
- $0
-
Linda GaulLINDA GAUL
DIRECTOR
- Total calculated
- $0
-
Joanne GuiseJOANNE GUISE
DIRECTOR
- Total calculated
- $0
-
Sue HoegerSUE HOEGER
DIRECTOR
- Total calculated
- $0
-
Mark HuntMARK HUNT
TREASURER
- Total calculated
- $0
-
Heather JonesHEATHER JONES
DIRECTOR
- Total calculated
- $0
-
Sarah MaurerSARAH MAURER
DIRECTOR
- Total calculated
- $0
-
Chuck NiehausCHUCK NIEHAUS
CHAIR
- Total calculated
- $0
-
Decker PloehnDECKER PLOEHN
DIRECTOR
- Total calculated
- $0
-
Michelle SchnierMICHELLE SCHNIER
SECRETARY
- Total calculated
- $0
-
Kathy SeyfertKATHY SEYFERT
DIRECTOR
- Total calculated
- $0
-
Dawn SmithDAWN SMITH
DIRECTOR
- Total calculated
- $0
-
Abbigail SpiegelABBIGAIL SPIEGEL
DIRECTOR
- Total calculated
- $0
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
- 29 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530319349302263
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