Reinbeck Community Homes Inc
- Assets
- $122.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 06/1981
- Data as of
- 12/2022
- EIN
- 42-1122830
Organization Overview
Reinbeck Community Homes Inc is located in Algona, IA. The organization was established in 1981. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Reinbeck Community Homes 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, Reinbeck Community Homes Inc generated $88.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $88.1k during the year ending 12/2022. 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
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 20 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN REINBECK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Rannfeldt President | 0 | $0 | |
Jan Ehrig Vice President | 0 | $0 | |
Diane Stephan Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,596 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,834 |
| Total Revenue | $88,444 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,799 |
| Professional fees and other payments to independent contractors | $12,552 |
| Occupancy, rent, utilities, and maintenance | $40,489 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,293 |
| Total expenses | $88,133 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,634 |
| Other assets | $0 |
| Total assets | $122,453 |
| Total liabilities | $41,259 |
| Net assets or fund balances | $81,194 |