Great River Housing Inc
- Assets
- $493.3k
- Revenue
- $573.2k
- Investments
- $0.0
- Employees
- 0
- Location
- West Burlington, IA
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 26-2481864
Organization Overview
Great River Housing Inc is located in West Burlington, IA. The organization was established in 2010. 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. Great River Housing 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 06/2022, Great River Housing Inc generated $573.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $549.3k during the year ending 06/2022. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISBURSEMENT OF LHTF & FHLB PROGRAM FUNDS TO ELGIBLE INDIVIDUALS IN ACCORDANCE WITH THE NEW LHTF PROGRAM DISBURSEMENT POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISBURSEMENT OF LHTF & FHLB PROGRAM FUNDS TO ELIGIBLE INDIVIDUALS IN ACCORDANCE WITH THE NEW LHTF PROGRAM DISBURSEMENT POLICY.
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 |
|---|---|---|---|
Brent Schleisman Chairman | OfficerTrustee | $0 | |
Dan Spray Secretary | OfficerTrustee | $0 | |
Hans Trousil Vice Chairma | OfficerTrustee | $0 | |
Eric Tysland Treasurer | OfficerTrustee | $0 | |
Mike Norris Executive Di | Officer | $0 | |
Pam Broomhall Committee Me | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,945 |
| Related organizations | $0 |
| Government grants | $345,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $357,504 |
| Total Program Service Revenue | $214,972 |
| Investment income | $729 |
| 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 | $573,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $440,853 |
| 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 | $35,363 |
| 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 | $54,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,556 |
| Office expenses | $1,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $742 |
| 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 | $2,811 |
| All other expenses | $11,235 |
| Total functional expenses | $549,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,746 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,216 |
| 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 | $493,298 |
| Accounts payable and accrued expenses | $41,422 |
| 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 | $41,422 |
| Net assets without donor restrictions | $450,660 |
| Net assets with donor restrictions | $1,216 |
| 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 | $493,298 |
Grants Awarded
Over the last fiscal year, Great River Housing Inc has awarded $81,435 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, IA PURPOSE: Down Payment | $50,000 |
West Burlington, IA PURPOSE: Rehabilitation | $31,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |