Central Iowa Residential Services Inc
- Assets
- $5.7m
- Revenue
- $8.4m
- Investments
- $1.2m
- Employees
- 180
- Location
- Marshalltown, IA
- Founding
- 11/1977
- Data as of
- 06/2023
- 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 06/2023, Central Iowa Residential Services Inc employed 180 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 06/2023, Central Iowa Residential Services Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
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 |
|---|---|---|---|
Brad Iverson President | OfficerTrustee | 2 | $0 |
Eldon Schneider Director | Trustee | 1 | $0 |
Margaret Gervich Treasurer | OfficerTrustee | 2 | $0 |
Shirley Clement Secretary | OfficerTrustee | 2 | $0 |
Chad Frese Director | Trustee | 1 | $0 |
Monica Schneider Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,983 |
| Total Program Service Revenue | $8,164,370 |
| Investment income | $16,790 |
| 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 | $8,350,268 |
| 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. | $181,636 |
| Compensation of current officers, directors, key employees. | $181,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,176,008 |
| Pension plan accruals and contributions | $99,496 |
| Other employee benefits | $1,338,544 |
| Payroll taxes | $415,485 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,718 |
| Advertising and promotion | $230 |
| Office expenses | $25,787 |
| Information technology | $10,669 |
| Royalties | $0 |
| Occupancy | $186,879 |
| Travel | $152,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,378 |
| Interest | $34,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,414 |
| Insurance | $179,281 |
| All other expenses | $57,369 |
| Total functional expenses | $8,127,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,162 |
| Savings and temporary cash investments | $1,821,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $688,438 |
| 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 | $27,644 |
| Net Land, buildings, and equipment | $1,525,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,208,172 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,671,025 |
| Accounts payable and accrued expenses | $328,983 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $582,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $931,041 |
| Net assets without donor restrictions | $4,739,984 |
| 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 | $5,671,025 |