East Central Iowa Housing Trust Fund
- Assets
- $351.3k
- Revenue
- $389.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 02/2011
- Data as of
- 06/2021
- EIN
- 27-3565865
Organization Overview
East Central Iowa Housing Trust Fund is located in Cedar Rapids, 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. East Central Iowa Housing Trust Fund 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 06/2021, East Central Iowa Housing Trust Fund generated $389.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $485.8k during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 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.
Since 2015, East Central Iowa Housing Trust Fund has awarded 70 individual grants totaling $2,554,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO IMPROVING QUALITY OF LIFE BY OFFERING INNOVATIVE AND FLEXIBLE FUNDING IN ORDER TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES WITHIN BENTON, IOWA, JONES AND WASHINGTON COUNTIES IN IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM - GRANT FUNDS AND CONTRIBUTIONS WERE RECEIVED TO MAKE GRANTS TO ORGANIZATIONS, BUSINESSES AND INDIVIDUALS FOR REHABILITATION OF AFFORDABLE HOUSING AND OTHER ASSISTANCE RELATING TO AFFORDABLE HOUSING FOR LOW AND VERY-LOW INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Van Steenhuyse Secretary/tr | OfficerTrustee | 2 | $0 |
Jon Zirkelbach Vice-Chair | OfficerTrustee | 2 | $0 |
Bob Yoder Chair | OfficerTrustee | 2 | $0 |
Tracey Achenbach Executive Di | Officer | 15 | $0 |
Mary Audia Director | Trustee | 1 | $0 |
Adam Krebill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $367,731 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,447 |
| Total Program Service Revenue | $0 |
| Investment income | $196 |
| 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 | $389,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $410,857 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $6,050 |
| Fees for services: Lobbying | $600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,484 |
| 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 | $0 |
| Total functional expenses | $485,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,212 |
| Pledges and grants receivable | $25,920 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $283,119 |
| 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 | $351,251 |
| Accounts payable and accrued expenses | $6,702 |
| 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 | $6,702 |
| Net assets without donor restrictions | $279,025 |
| Net assets with donor restrictions | $65,524 |
| 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 | $351,251 |
Grants Awarded
Over the last fiscal year, East Central Iowa Housing Trust Fund has awarded $406,894 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Hiawatha, IA PURPOSE: HOUSING REHABILITATI | $127,804 |
MOSSMAN LAW OFFICE TRUST PURPOSE: HOUSING REHABILITATI | $67,500 |
Marengo, IA PURPOSE: HOUSING REHABILITATI | $38,000 |
UWI LLC PURPOSE: HOUSING RAHABILITATI | $16,654 |
FOUR STAR INVESTMENTS PURPOSE: HOUSING REHABILITATI | $16,380 |
R&P CONSTRUCTION PURPOSE: HOUSING REHABILITATI | $16,246 |
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 |