Ecumenical Housing Development Group
- Assets
- $4.0m
- Revenue
- $674.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Davenport, IA
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 42-1431223
Organization Overview
Ecumenical Housing Development Group is located in Davenport, IA. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Ecumenical Housing Development Group 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, Ecumenical Housing Development Group generated $674.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $601.4k during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE, LOW INCOME HOUSING TO RESIDENTS OF THE QUAD CITY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE, LOW INCOME HOUSING TO RESIDENTS OF THE QUAD CITY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bowman President | OfficerTrustee | 1 | $0 |
Michael Cribbs Board Member | Trustee | 1 | $0 |
Brian Crowley Treasurer | OfficerTrustee | 1 | $0 |
Jill Dubin Board Member | Trustee | 1 | $0 |
Dan Jaros Board Member | Trustee | 1 | $0 |
Frank Klipsch Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,000 |
| Investment income | $16,221 |
| 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 | $674,686 |
| Statement of Expenses | |
|---|---|
| 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 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 | $52,020 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,413 |
| 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 | $9,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,988 |
| Insurance | $34,117 |
| All other expenses | $0 |
| Total functional expenses | $601,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,487 |
| Savings and temporary cash investments | $213,970 |
| Pledges and grants receivable | $72,868 |
| Accounts receivable, net | $12,690 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $310,793 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,027,720 |
| Accounts payable and accrued expenses | $82,969 |
| Grants payable | $0 |
| Deferred revenue | $648 |
| 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 | $1,586,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$362,165 |
| Total liabilities | $1,308,069 |
| Net assets without donor restrictions | $2,646,783 |
| Net assets with donor restrictions | $72,868 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,719,651 |