Dallas County Local Housing Trust Fund Inc
- Assets
- $22.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 07/2005
- Data as of
- 06/2022
- EIN
- 01-0824510
Organization Overview
Dallas County Local Housing Trust Fund Inc is located in West Des Moines, IA. The organization was established in 2005. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas County Local Housing Trust Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Dallas County Local Housing Trust Fund Inc generated $177.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $175.6k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SAFE, ADEQUATE, AND AFFORDABLE HOUSING FOR LOW-INCOME RESIDENTS OF DALLAS COUNTY, IOWA. THE ORGANIZATION AWARDS TO ELIBIBLE HOUSEHOLDS WITH INCOMES LESS THAN 80% OF THE AREA MEDIAN INCOME 5-YEAR FORGIVABLE LOANS FOR MAINTENANCE OF THEIR HOME. ELIGIBLE PROPERTY TYPES INCLUDE SINGLE FAMILY DWELLINGS, BUT DOES NOT INCLUDE MOBILE HOMES, HOMES BEING PURCHASED ON CONTRACT, DUPLEXES OR RENTAL UNITS. THE HOUSE MUST BE THE PRIMARY RESIDENCE OF THE APPLICANT. THERE WERE 24 RECIPIENTS OF THESE LOANS IN THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Bergkamp Secretary | 0.5 | $0 | |
Chris Costa Treasurer | 0.25 | $0 | |
Clyde Evans Chairperson | 1 | $0 | |
Alice Wicker Vice Chair | 0.25 | $0 | |
Mary Bustad Director | 0.25 | $0 | |
Marcia Thomas Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,596 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,596 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,957 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,012 |
| Total expenses | $175,562 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $22,000 |
| Total liabilities | $50,747 |
| Net assets or fund balances | -$28,747 |