Grinnell Area Housing Inc

The information for Grinnell Area Housing Inc is as of the organization's most recent filing in December '22. This organization is located in Mechanicsville, IA. It has been in existence for 48 years, following its founding in 1974.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Grinnell Area Housing Inc is an organization classified under the NTEE code L20, which indicates its focus on Housing & Shelter. The minor classification of the organization is Housing Development, Construction & Management. This means that Grinnell Area Housing Inc is involved in building, rehabilitating, managing, and providing rental housing for low-income individuals and families, older adults, and people with disabilities. The organization aims to make affordable rental housing accessible to elderly and low-income residents. Grinnell Area Housing Inc falls under the C Section Code 4, which includes Civic Leagues, Social Welfare Organizations, and Local Associations of Employees.

Program Areas

The organization's program area involves leasing three apartment buildings with a total of 63 units to provide housing for elderly and low-income rural residents. In 2022, the occupancy rate for these units was maintained at 76%.

Organization Staffing

Grinnell Area Housing Inc is run by Frank Shults, who is the President of the organization. The organization has only 2 employees, none of whom are paid over $100k per year. Supporting the small staff are 6 volunteers who contribute their time and efforts to the organization's mission.

Board Governance

Grinnell Area Housing Inc, a non-profit organization, appears to have a well-governed structure based on the provided information. The organization has a total of 6 voting members, all of whom are independent, indicating a balanced and diverse representation. This ensures that decision-making is not influenced by any potential conflicts of interest, as the organization states that conflicts of interest do not exist. Although the management of the organization has been delegated to an outside firm, the fact that board meetings are documented showcases a commitment to transparency and accountability. This practice allows for the board members to review and assess the decisions made by the management firm, ensuring that they align with the organization's mission and goals. However, it is worth noting that committee meetings are not documented, which could potentially limit transparency and oversight in the organization's operations. It would be beneficial for Grinnell Area Housing Inc to consider implementing a practice of documenting committee meetings as well, to provide a comprehensive record of all decision-making processes. Despite the absence of a conflict of interest policy and the requirement for disclosure of conflicts, the organization does have a written whistleblower policy. This policy encourages individuals to report any wrongdoing or unethical behavior within the organization, promoting a culture of integrity and accountability. Furthermore, Grinnell Area Housing Inc has a document retention policy, substantiates and reviews leadership and officer's salaries, and provides copies of the 990 to the board prior to filing. These practices demonstrate a commitment to financial transparency and responsible governance. Overall, while there are a few areas for improvement, Grinnell Area Housing Inc appears to be well-governed, with a focus on transparency, accountability, and ethical practices.

Organization Growth

Grinnell Area Housing Inc, a nonprofit organization, has experienced growth over the given time period. Program Service Revenue increased from $318.7K in 2015 to $332.1K in 2022, indicating an upward trend. Additionally, Total Revenue also saw an increase from $318.9K in 2015 to $332.2K in 2022. However, Investment Income decreased from $270 in 2015 to $140 in 2022. Despite this decline, the overall revenue growth suggests that the organization has expanded its financial resources. Furthermore, Employee Salaries increased significantly from $30.7K in 2018 to $79.3K in 2020, indicating potential expansion in the workforce or higher compensation for existing employees. On the other hand, Total Expenses decreased from $294.7K in 2015 to $282.8K in 2022, suggesting improved financial management or cost-cutting measures. The number of Total Employees increased from 0 in 2015 to 2 in 2022, indicating organizational growth. However, the number of Total Volunteers decreased from 8 in 2020 to 6 in 2022, which may suggest a decrease in community engagement or a shift in volunteer recruitment strategies. Overall, considering the financial and human resources indicators, Grinnell Area Housing Inc has shown growth over the given time period.