Southern Iowa Cog Housing Trust Fund
- Assets
- $1.5m
- Revenue
- $257.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Creston, IA
- Founding
- 04/2006
- Data as of
- 12/2023
- EIN
- 01-0838477
Organization Overview
Southern Iowa Cog Housing Trust Fund is located in Creston, IA. The organization was established in 2006. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Southern Iowa Cog Housing Trust Fund 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 12/2023, Southern Iowa Cog Housing Trust Fund generated $257.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $236.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Southern Iowa Cog Housing Trust Fund has awarded 58 individual grants totaling $2,199,083. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SAFE AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR WE PROVIDED GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN ORDER TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE RESIDENTS OF THE EIGHT COUNTY REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Kimes Director | Trustee | 1 | $0 |
Andrew Zimmerman Director | Trustee | 1 | $0 |
Cathy Seddon Director | Trustee | 1 | $0 |
Scott Akin Treasurer | OfficerTrustee | 1 | $0 |
Jerry Walker Chair | OfficerTrustee | 1 | $0 |
Karen Zabel Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,835 |
| Total Program Service Revenue | $13,057 |
| Investment income | $8,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $257,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $153,525 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $37,868 |
| Fees for services: Legal | $21 |
| Fees for services: Accounting | $4,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,206 |
| All other expenses | $0 |
| Total functional expenses | $236,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $689,368 |
| Pledges and grants receivable | $160,603 |
| Accounts receivable, net | $16,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $597,874 |
| Intangible assets | $0 |
| Other assets | $1,817 |
| Total assets | $1,465,683 |
| Accounts payable and accrued expenses | $49,607 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,607 |
| Net assets without donor restrictions | $1,416,076 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,465,683 |
Grants Awarded
Over the last fiscal year, Southern Iowa Cog Housing Trust Fund has awarded $137,429 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LENOX HOMES PURPOSE: OUTSIDE BUILDING RENOVATION | $12,600 |
HABITAT FOR HUMANITY PURPOSE: CONSTRUCT NEW HOUSES FOR ELIGIBLE INDIVIDUALS | $109,529 |
HILLCREST APARTMENTS OF ADAIR INC PURPOSE: RENOVATIONS - BATHROOM UPGRADES | $15,300 |