Central Iowa Residential Services Inc
- Assets
- $5.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 191
- Location
- Marshalltown, IA
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 42-1026180
Organization Overview
Central Iowa Residential Services Inc is located in Marshalltown, IA. The organization was established in 1977. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Central Iowa Residential Services Inc employed 191 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Iowa Residential Services 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, Central Iowa Residential Services Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 5.1% 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 INDIVIDUALIZED SERVICES TO CHILDREN AND ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES; HELPING THEM ACHIEVE GREATER INDEPENDENCE THROUGH LIVING, LEARNING AND DOING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INDEPENDENT LIVING FOR CHILDREN AND ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN THE COMMUNITY AND SURROUNDING AREAS. APPROXIMATELY 185-200 CLIENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Vance Executive Director | Officer | 40 | $135,984 |
Margaret Gervich Treasurer | OfficerTrustee | 2 | $0 |
Brad Iverson President | OfficerTrustee | 2 | $0 |
Shirley Clement Secretary | OfficerTrustee | 2 | $0 |
Nancy Beck Vice-President | OfficerTrustee | 2 | $0 |
Chad Frese Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $557,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,998 |
| Total Program Service Revenue | $7,946,969 |
| Investment income | $4,862 |
| 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 | $8,641,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $170,457 |
| Compensation of current officers, directors, key employees. | $170,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,271,890 |
| Pension plan accruals and contributions | $90,012 |
| Other employee benefits | $1,308,778 |
| Payroll taxes | $426,837 |
| Fees for services: Management | $791 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,458 |
| Advertising and promotion | $649 |
| Office expenses | $23,858 |
| Information technology | $10,023 |
| Royalties | $0 |
| Occupancy | $166,260 |
| Travel | $142,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,919 |
| Interest | $49,529 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,611 |
| Insurance | $203,815 |
| All other expenses | $45,814 |
| Total functional expenses | $8,177,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,913 |
| Savings and temporary cash investments | $2,821,901 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $389,632 |
| 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 | $30,487 |
| Net Land, buildings, and equipment | $1,605,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,466,699 |
| Accounts payable and accrued expenses | $316,510 |
| 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 | $633,397 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $949,907 |
| Net assets without donor restrictions | $4,516,792 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,466,699 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Iowa Residential Services Inc has recieved totaling $45,708.
| Awarding Organization | Amount |
|---|---|
Marshalltown Area United Way Marshalltown, IA PURPOSE: HOUSING NEEDS, UPKEEP AND REPAIRS | $45,635 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $73 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeward Bound Inc Plymouth, MN | $9,682,680 | $20,805,285 |
Sunny Hill Inc Fenton, MO | $11,297,687 | $21,265,686 |
Discovery Living Inc Cedar Rapids, IA | $11,709,298 | $15,165,116 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |
Phoenix Residence Inc St Paul, MN | $9,462,501 | $12,129,691 |
Kenosha Human Development Services Inc Kenosha, WI | $14,186,753 | $13,956,960 |
Evangelical Childrens Home St Louis, MO | $35,970,155 | $15,187,962 |
Bethshan Association Palos Heights, IL | $7,230,822 | $10,479,574 |
Nishna Productions Inc Shenandoah, IA | $11,396,482 | $10,657,459 |
St Lukes Lutheran Care Center Blue Earth, MN | $9,355,318 | $10,279,790 |
Abbott House Inc Mitchell, SD | $12,190,131 | $10,428,171 |
Central Iowa Residential Services Inc Marshalltown, IA | $5,466,699 | $8,641,374 |