The Housing Fellowship
- Assets
- $15.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Iowa City, IA
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 42-1362432
Organization Overview
The Housing Fellowship is located in Iowa City, IA. The organization was established in 1992. 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. As of 12/2023, Housing Fellowship employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Fellowship 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, Housing Fellowship generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 9 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
TO PROVIDE QUALITY HOMES THAT ARE AFFORDABLE TO PEOPLE WITH LIMITED INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FELLOWSHIP OWNED AND MANAGED 206 UNITS OF AFFORDABLE HOUSING IN THE IOWA CITY AREA, HOUSING 616 PERSONS. IT RECEIVED AND PROCESSED 131 APPLICATIONS FOR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Stewart President | OfficerTrustee | 1 | $0 |
Bronis Perteit Vice President | OfficerTrustee | 1 | $0 |
Shannon Mcmahon Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roger Bradley Director | Trustee | 1 | $0 |
Anthony Branch Director | Trustee | 1 | $0 |
Tangela Crosby Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hodge Construction Sewer Relocation | 12/30/19 | $185,000 |
Randy Wessling Construction Construction | 12/30/19 | $109,317 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,765 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,234 |
| Total Program Service Revenue | $1,396,956 |
| Investment income | $5,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,792,562 |
| 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. | $358,665 |
| Compensation of current officers, directors, key employees. | $89,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,824 |
| Pension plan accruals and contributions | $1,517 |
| Other employee benefits | $36,377 |
| Payroll taxes | $33,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,135 |
| Fees for services: Accounting | $59,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,793 |
| Office expenses | $12,552 |
| Information technology | $13,047 |
| Royalties | $0 |
| Occupancy | $48,163 |
| Travel | $571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $152,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,055 |
| Insurance | $107,025 |
| All other expenses | $33,615 |
| Total functional expenses | $1,842,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,756 |
| Savings and temporary cash investments | $646,686 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $236,608 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,710,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,512,893 |
| Intangible assets | $0 |
| Other assets | $15,982 |
| Total assets | $15,825,721 |
| Accounts payable and accrued expenses | $182,911 |
| Grants payable | $0 |
| Deferred revenue | $25,049 |
| Tax-exempt bond liabilities | $38,736 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,081,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,665 |
| Total liabilities | $9,421,861 |
| Net assets without donor restrictions | $6,392,976 |
| Net assets with donor restrictions | $10,884 |
| 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 | $15,825,721 |