The Housing Fellowship
- Assets
- $12.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Iowa City, IA
- Founding
- 01/1992
- Data as of
- 12/2021
- 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 12/2021, Housing Fellowship employed 9 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 12/2021, Housing Fellowship generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
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 217 UNITS OF AFFORDABLE HOUSING IN THE IOWA CITY AREA, HOUSING 605 PERSONS. IT RECEIVED AND PROCESSED 91 APPLICATIONS FOR HOUSING, AND ISSUED 3 LOANS FOR INDIVIDUALS NEEDING TO MAKE SECURITY DEPOSITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Simon Andrew Executive Director | Officer | 40 | $108,297 |
Ross Resetich CFO | Officer | 40 | $86,905 |
Melvin Shaw President (until 02/21)/director | OfficerTrustee | 1 | $0 |
Bronis Perteit Secretary/treasurer | OfficerTrustee | 1 | $0 |
Todd Stewart Sec/treas(until 2/21)/vice President | OfficerTrustee | 1 | $0 |
Melissa Schooley President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Randy Wessling Construction Construction | 12/30/19 | $109,317 |
Hodge Construction Sewer Relocation | 12/30/19 | $185,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,775 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,962 |
| Total Program Service Revenue | $1,200,293 |
| Investment income | $6,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,381,548 |
| 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. | $140,208 |
| Compensation of current officers, directors, key employees. | $35,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,499 |
| Pension plan accruals and contributions | $5,629 |
| Other employee benefits | $35,447 |
| Payroll taxes | $33,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,599 |
| Fees for services: Accounting | $33,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,675 |
| Information technology | $4,775 |
| Royalties | $0 |
| Occupancy | $42,646 |
| Travel | $386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $125,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,409 |
| Insurance | $81,907 |
| All other expenses | $13,494 |
| Total functional expenses | $1,419,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $265,988 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,214,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,226,327 |
| Intangible assets | $0 |
| Other assets | $107,262 |
| Total assets | $12,551,224 |
| Accounts payable and accrued expenses | $52,694 |
| Grants payable | $0 |
| Deferred revenue | $2,126 |
| Tax-exempt bond liabilities | $90,197 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,893,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,685 |
| Total liabilities | $8,117,581 |
| Net assets without donor restrictions | $4,410,572 |
| Net assets with donor restrictions | $23,071 |
| 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 | $12,551,224 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Housing Fellowship has recieved totaling $23,373.
| Awarding Organization | Amount |
|---|---|
United Way Of Johnson & Washington Counties Inc Coralville, IA PURPOSE: FOR PROGRAMS TO EDUCATION, FINANCIAL STABILITY, AND HEALTH AND DONOR DESIGNATED FUNDS | $23,360 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |