Eldon Development Corporation is located in Algona, IA. The organization was established in 1976. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldon Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Eldon Development Corporation generated $173.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $157.5k during the year ending 12/2021. While expenses have increased by 1.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 33 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN ELDON.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patty Durflinger President | 0 | $0 | |
Winnie Albert Secretary/treasurer | 0 | $0 | |
Mary Ellen Creech Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $168,031 |
Membership dues | $0 |
Investment income | $35 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $5,044 |
Total Revenue | $173,110 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $8,783 |
Professional fees and other payments to independent contractors | $20,104 |
Occupancy, rent, utilities, and maintenance | $104,585 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $24,025 |
Total expenses | $157,497 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $124,520 |
Other assets | $0 |
Total assets | $284,613 |
Total liabilities | $245,602 |
Net assets or fund balances | $39,011 |
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