Shell Rock New Horizons Housing Inc
- Assets
- $397.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashua, IA
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 42-1107016
Organization Overview
Shell Rock New Horizons Housing Inc is located in Nashua, IA. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Shell Rock New Horizons Housing Inc 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 12/2022, Shell Rock New Horizons Housing Inc generated $160.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $144.2k during the year ending 12/2022. While expenses have increased by 1.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Connor Non-Employee Manager | 10 | $23,942 | |
Robert Greenlee Preident | 2 | $0 | |
Sharon Sutton Secretary | 1 | $0 | |
Sherwin Smith Vice President | 1 | $0 | |
Rhonda Brase Director | 1 | $0 | |
Donna Gulick Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $148,594 |
| Membership dues | $0 |
| Investment income | $493 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,035 |
| Total Revenue | $160,122 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,942 |
| Occupancy, rent, utilities, and maintenance | $53,757 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,497 |
| Total expenses | $144,196 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $187,847 |
| Other assets | $0 |
| Total assets | $397,930 |
| Total liabilities | $156,566 |
| Net assets or fund balances | $241,364 |
Peer Organizations
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|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
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Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Aeon Minneapolis, MN | $205,354,447 | $34,369,814 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Governmental And Educational Assistance Corporation Brooklyn Park, MN | $65,629,127 | $32,792,478 |
Habitat For Humanity International Inc St Paul, MN | $95,417,664 | $44,081,313 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Trellis Co Minneapolis, MN | $174,341,513 | $41,938,944 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |