Chariton Valley Regional Housing Trust Fund Inc
- Assets
- $1.3m
- Revenue
- $578.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Centerville, IA
- Founding
- 02/2011
- Data as of
- 06/2022
- EIN
- 27-3553319
Organization Overview
Chariton Valley Regional Housing Trust Fund Inc is located in Centerville, IA. The organization was established in 2011. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction 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. Chariton Valley Regional 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 06/2022, Chariton Valley Regional Housing Trust Fund Inc generated $578.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $296.3k during the year ending 06/2022. While expenses have increased by 6.8% 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
TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME RESIDENTS LOCATED WITHIN THE IOWA COUNTIES OF APPANOOSE, LUCAS, MONROE AND WAYNE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER A HOUSING ASSISTANCE PLAN PROVIDING LOANS AND GRANTS TO LOW AND MODERATE INCOME FAMILIES LIVING IN OWNER OCCUPIED HOUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Fraser Treasurer | OfficerTrustee | 1 | $0 |
Ryan Ammons Secretary | OfficerTrustee | 1 | $0 |
Karen Minkoff Chair | OfficerTrustee | 1 | $0 |
Amber Rodgers Vice Chair | OfficerTrustee | 1 | $0 |
Tod Faris Director | Trustee | 1 | $0 |
Michael Armstrong Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $510,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $599,769 |
| Total Program Service Revenue | $1,863 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,990 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $169,403 |
| 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 | $40,847 |
| 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 | $2,930 |
| Total functional expenses | $296,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,790 |
| Savings and temporary cash investments | $125,275 |
| Pledges and grants receivable | $36,400 |
| Accounts receivable, net | $11,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $337,899 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,240 |
| Net Land, buildings, and equipment | $308,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,328,374 |
| Accounts payable and accrued expenses | $21,134 |
| 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 | $21,134 |
| Net assets without donor restrictions | $985,967 |
| Net assets with donor restrictions | $321,273 |
| 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 | $1,328,374 |
Grants Awarded
Over the last fiscal year, Chariton Valley Regional Housing Trust Fund Inc has awarded $49,418 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITON HOUSING AUTHORITY PURPOSE: HOUSING REPAIR ASSISTANCE | $20,000 |
WOODLAWN APARTMENTS PURPOSE: HOUSING REPAIR ASSISTANCE | $19,995 |
Algona, IA PURPOSE: HOUSING REPAIR ASSISTANCE | $9,423 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chariton Valley Regional Housing Trust Fund Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Morgan E Cline Perpetual Charitable Foundation Centerville, IA PURPOSE: HOUSING PROGRAM | $20,000 |
Vredenburg Foundation Chariton, IA PURPOSE: RESIDENTIALREHABILITATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Walker Assisted Living Corp I Minnetonka, MN | $6,334,685 | $6,359,190 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Mazaska Owecaso Otipi Financial Inc Pine Ridge, SD | $8,605,791 | $1,745,280 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
East Central Iowa Housing Trust Fund Cedar Rapids, IA | $351,251 | $389,643 |
Steele County Transitional Housing Inc Owatonna, MN | $278,166 | $480,776 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |
Webster Supportive Housing Inc St Paul, MN | $1,386,360 | $233,041 |