Winthrop Housing Corporation
- Assets
- $173.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, IA
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 23-7368300
Organization Overview
Winthrop Housing Corporation is located in Independence, IA. The organization was established in 1974. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Winthrop Housing Corporation 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 12/2021, Winthrop Housing Corporation generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $50.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AND OPERATE RENTAL HOUSING UNITS AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW AND MODERATE INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Loughren President | 0.1 | $0 | |
Harold Schneider Sec./treas. | 0.1 | $0 | |
Greg Fawcett Director | 0.1 | $0 | |
Rick Higgins Vice Preside | 0.1 | $0 | |
Rusty Reck Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51,951 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,953 |
| 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 | $1,260 |
| Occupancy, rent, utilities, and maintenance | $23,069 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,413 |
| Total expenses | $50,742 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,164 |
| Other assets | $0 |
| Total assets | $173,332 |
| Total liabilities | $11,555 |
| Net assets or fund balances | $161,777 |