Central City Housing Corporation
- Assets
- $457.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, IA
- Founding
- 10/1981
- Data as of
- 12/2023
- EIN
- 42-1167536
Organization Overview
Central City Housing Corporation is located in Independence, IA. The organization was established in 1981. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Central City Housing 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 12/2023, Central City Housing Corporation generated $134.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $119.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AND OPERATE RENTAL HOUSING UNITS AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW AND MODERATE INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Maurice President | 0.1 | $0 | |
Marc Kerscher Director | 0.1 | $0 | |
Susan Gericke Secretary | 0.1 | $0 | |
Bill Gericke Director | 0.1 | $0 | |
David Doc Robinson Director | 0.1 | $0 | |
Brittany Mckenna Vice Preside | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $132,322 |
| Membership dues | $0 |
| Investment income | $660 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,241 |
| Total Revenue | $134,223 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,600 |
| Professional fees and other payments to independent contractors | $17,282 |
| Occupancy, rent, utilities, and maintenance | $42,279 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,900 |
| Total expenses | $119,061 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $226,258 |
| Other assets | $0 |
| Total assets | $457,084 |
| Total liabilities | $108,209 |
| Net assets or fund balances | $348,875 |