Council Of Governments Housing Corporation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
John Muir
Treasurer
$0
Ranell Drake
Secretary
$0
Jack Lloyd
Vice Chairperson
$0
Eric Skoog
Chairperson
$0
Richard Hunsaker
Executive Director
$0
Rich Ruggles
Director
$0

Financial Statements

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

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