Kearney Housing Development Corporation
- Assets
- $1.4m
- Revenue
- $423.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kearney, NE
- Founding
- 03/1995
- Data as of
- 03/2022
- EIN
- 47-0782317
Organization Overview
Kearney Housing Development Corporation is located in Kearney, NE. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kearney Housing Development 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 03/2022, Kearney Housing Development Corporation generated $423.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $168.3k during the year ending 03/2022. 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 SUPPORTING SERVICES TO KEARNEY AREA INDIVIDUALS IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORTING SERVICES TO KEARNEY AREA INDIVIDUALS IN NEED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Watson Vice President | Officer | 0.5 | $0 |
Maxine Lillis Secretary/treas | Officer | 0.5 | $0 |
Joyce Lieske President | Officer | 0.5 | $0 |
Scott Benson Director | Trustee | 0.5 | $0 |
Nikki Hall Director | Trustee | 0.5 | $0 |
Ariel Ahrens Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180 |
| Total Program Service Revenue | $175,162 |
| Investment income | $2,273 |
| 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 | $423,615 |
| 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 | $49,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,811 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,924 |
| Fees for services: Accounting | $890 |
| 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 | $16,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,286 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,999 |
| Insurance | $5,664 |
| All other expenses | $0 |
| Total functional expenses | $168,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $889,320 |
| Savings and temporary cash investments | $7,821 |
| Pledges and grants receivable | $2,462 |
| Accounts receivable, net | $22,178 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,563 |
| Net Land, buildings, and equipment | $451,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,376,405 |
| Accounts payable and accrued expenses | $5,936 |
| Grants payable | $0 |
| Deferred revenue | $8,140 |
| 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 | -$2,587,201 |
| Total liabilities | -$2,573,125 |
| Net assets without donor restrictions | $3,949,530 |
| 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 | $1,376,405 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kearney Housing Development Corporation has recieved totaling $18,913.
| Awarding Organization | Amount |
|---|---|
Meals On Wheels America Arlington, VA PURPOSE: PROJECT SUPPORT AND OTHER SERVICES | $18,865 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
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 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |