Southwest Iowa Housing Trust Fund Inc
- Assets
- $284.5k
- Revenue
- $356.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlantic, IA
- Founding
- 02/2007
- Data as of
- 06/2023
- EIN
- 02-0749992
Organization Overview
Southwest Iowa Housing Trust Fund Inc is located in Atlantic, IA. The organization was established in 2007. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, 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. Southwest Iowa 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 06/2023, Southwest Iowa Housing Trust Fund Inc generated $356.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $322.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Southwest Iowa Housing Trust Fund Inc has awarded 26 individual grants totaling $287,177. 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, AFFORDABLE HOUSING AND EXPAND HOUSING OPPORTUNITIES IN THE EIGHT COUNTY REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFA DEMOLITION PROVIDES FUNDS TO ASSIST CITIES IN REMOVING BLIGHTED HOMES AND CLEANING UP THEIR CITY.
IFA HOME OWNERSHIP ASSISTANCE PROVIDES FUNDS TO ASSIST LOW INCOME RESIDENTS IN MAKING A DOWN PAYMENT ON A HOME.
IFA REPAIR ASSISTANCE PROVIDES ASSISTANCE FOR REPAIRING HOMES TO PROVIDE A SAFER AND MORE AFFORDABLE HOUSE FOR LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Riedel Chair | OfficerTrustee | 1 | $0 |
Stephanie Bowden Vice Chair | OfficerTrustee | 1 | $0 |
Debbie Waterbury Secretary/treasurer | OfficerTrustee | 1 | $0 |
Mike Wells Member | Trustee | 1 | $0 |
Trent Svendsen Member | Trustee | 1 | $0 |
Kelly Mahlberg Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,907 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $356,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,728 |
| Grants and other assistance to domestic individuals. | $296,417 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $322,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,088 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $56,436 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,524 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $284,524 |
| 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 | $284,524 |
Grants Awarded
Over the last fiscal year, Southwest Iowa Housing Trust Fund Inc has awarded $23,988 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF RED OAK PURPOSE: DEMOLITION OF BLIGHTED PROPERTY | $6,338 |
CITY OF ESSEX PURPOSE: DEMOLITION OF BLIGHTED PROPERTY | $10,200 |
CITY OF MISSOURI VALLEY PURPOSE: DEMOLITION OF BLIGHTED PROPERTY | $7,450 |