Grafton Housing Development
- Assets
- $125.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 07/1972
- Data as of
- 12/2022
- EIN
- 23-7181365
Organization Overview
Grafton Housing Development is located in Algona, IA. The organization was established in 1972. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Grafton Housing Development is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Grafton Housing Development generated $45.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $43.6k during the year ending 12/2022. While expenses have increased by 1.1% 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 AFFORDABLE HOUSING TO LOW INCOME, DISABLED AND ELDERLY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Neely President | 0 | $0 | |
Bruce White Secretary/treasurer | 0 | $0 | |
Randy Hulshizer Vice President | 0 | $0 | |
Doug Homes Director | 0 | $0 | |
Jim Hackbart Director | 0 | $0 | |
John Duvall Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $45,084 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,084 |
| 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 | $12,185 |
| Occupancy, rent, utilities, and maintenance | $22,416 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,005 |
| Total expenses | $43,606 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,151 |
| Other assets | $0 |
| Total assets | $124,995 |
| Total liabilities | $3,821 |
| Net assets or fund balances | $121,174 |
Peer Organizations
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|---|---|---|
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
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Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
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Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
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Squire Village Preservation Nfp Chicago, IL | $14,277,143 | $2,435,203 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |
Horizon Housing Development Company St Louis, MO | $1,964,053 | $2,445,702 |
United Auto Workers Senior Citizens Center Inc Pekin, IL | $7,079,676 | $2,252,963 |
Parade Park Homes Inc Kansas City, MO | $5,074,774 | $2,050,875 |