Greater Cedar Rapids Housing & Building Association
- Assets
- $664.6k
- Revenue
- $537.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Hiawatha, IA
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 42-1016172
Organization Overview
Greater Cedar Rapids Housing & Building Association is located in Hiawatha, IA. The organization was established in 1980. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & 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. Greater Cedar Rapids Housing & Building Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Greater Cedar Rapids Housing & Building Association generated $537.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $336.0k during the year ending 12/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSOCIATE THE HOME BUILDERS FOR PURPOSES OF MUTUAL ADVANTAGE & COOPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE DESIGNED TO PROMOTE PUBLIC AWARENESS OF THE HOME BUILDING INDUSTRY AS WELL AS PROMOTE PROFESSIONAL CAMARADERIE AMONG HOME BUILDERS AND RELATED INDUSTRIES IN CEDAR RAPIDS/MARION AND SURROUNDING COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Olson Executive Officer | Officer | 40 | $70,841 |
James Sattler President | OfficerTrustee | 1 | $0 |
Andrea Rhoades First Vice-President | OfficerTrustee | 1 | $0 |
Dustin Kern Immediate Past President | OfficerTrustee | 1 | $0 |
Justin Zimmerman Treasurer | OfficerTrustee | 1 | $0 |
Drew Retz Second Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $118,230 |
| Fundraising events | $34,000 |
| Related organizations | $0 |
| Government grants | $38,857 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,947 |
| Total Program Service Revenue | $97,884 |
| Investment income | $197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,153 |
| Net Rental Income | -$12,231 |
| Net Gain/Loss on Asset Sales | $142,337 |
| Net Income from Fundraising Events | $57,096 |
| Net Income from Gaming Activities | $2,525 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,733 |
| 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. | $78,222 |
| 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 | $4,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,496 |
| Advertising and promotion | $26,548 |
| Office expenses | $6,607 |
| Information technology | $6,837 |
| Royalties | $0 |
| Occupancy | $27,536 |
| Travel | $6,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,476 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,757 |
| Insurance | $2,324 |
| All other expenses | $1,500 |
| Total functional expenses | $335,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,092 |
| Savings and temporary cash investments | $145,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,283 |
| Net Land, buildings, and equipment | $207,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,828 |
| Other assets | $0 |
| Total assets | $664,556 |
| Accounts payable and accrued expenses | $46,151 |
| Grants payable | $0 |
| Deferred revenue | $65,090 |
| 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 | $45,000 |
| Total liabilities | $156,241 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $508,315 |
| Total liabilities and net assets/fund balances | $664,556 |
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