Council Of Governments Housing Corporation is located in Carroll, IA. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Council Of Governments Housing 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 06/2022, Council Of Governments Housing Corporation generated $371.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $336.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE RURAL HOUSING AND THE GENERAL SOCIAL WELFARE OF THE COMMUNITY BY ACQUIRING, CONSTRUCTING, REHABILITATION, AND/OR OPERATING HOUSING AND RELATED FACILITIES FOR THE BENEFIT OF ELIGIBLE OCCUPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE, CONSTRUCT, PROVIDE AND OPERATE RURAL HOUSING AND RELATED FACILITIES AND ADMINISTER PROGRAMS FOR THE PURPOSE OF REHABILITATION OF OWNER-OCCUPIED OR RENTAL PROPERTIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Muir Treasurer | OfficerTrustee | 0 | $0 |
Ranell Drake Secretary | OfficerTrustee | 0 | $0 |
Jack Lloyd Vice Chairperson | OfficerTrustee | 0 | $0 |
Eric Skoog Chairperson | OfficerTrustee | 0 | $0 |
Richard Hunsaker Executive Director | Officer | 40 | $0 |
Rich Ruggles Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $284,137 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $284,137 |
Total Program Service Revenue | $78,784 |
Investment income | $8,128 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $371,049 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $86 |
Office expenses | $3,609 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,684 |
Travel | $1,600 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $221 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $211 |
All other expenses | $473 |
Total functional expenses | $336,771 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,123,742 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $113,304 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $329,848 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,566,894 |
Accounts payable and accrued expenses | $5,618 |
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 | $5,618 |
Net assets without donor restrictions | $1,561,276 |
Net assets with donor restrictions | $0 |
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 | $1,566,894 |
Organization Name | Assets | Revenue |
---|---|---|
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Housing In Omaha Inc Omaha, NE | $17,600,066 | $3,936,471 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |