Micah House Corporation
- Assets
- $17.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Council Bluffs, IA
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 42-1292393
Organization Overview
Micah House Corporation is located in Council Bluffs, IA. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Micah House Corporation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micah House Corporation 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 12/2023, Micah House Corporation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 10.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SHELTER, FOOD, CLOTHING & SUPPORT FOR HOMELESS FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS AND SHELTER FOR HOMELESS PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwyer Arce President | OfficerTrustee | 1 | $0 |
Austin Diehm Director | Trustee | 1 | $0 |
Valarie Finney Secretary | OfficerTrustee | 1 | $0 |
Kathleen Gallagher Director | Trustee | 1 | $0 |
Yamika Herard Director | Trustee | 1 | $0 |
Antonia Krupicka-Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,100,966 |
| Noncash contributions included in lines 1a–1f | $118,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,380,071 |
| Total Program Service Revenue | $0 |
| Investment income | $78,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,417,694 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,181,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,551 |
| Payroll taxes | $87,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,585 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,473 |
| Travel | $6,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,614 |
| Insurance | $71,850 |
| All other expenses | $130,306 |
| Total functional expenses | $2,288,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,121,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,073,629 |
| Accounts receivable, net | $0 |
| 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 | $11,392 |
| Net Land, buildings, and equipment | $8,785,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,882,950 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,875,066 |
| Accounts payable and accrued expenses | $642,838 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $642,838 |
| Net assets without donor restrictions | $9,962,748 |
| Net assets with donor restrictions | $7,269,480 |
| 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 | $17,875,066 |