Keith County Housing Development Corporation
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Ogallala, NE
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 47-0785404
Organization Overview
Keith County Housing Development Corporation is located in Ogallala, NE. 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. Keith County 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 12/2021, Keith County Housing Development Corporation generated $1.1m in total revenue. All expenses for the organization totaled $166.9k during the year ending 12/2021. While expenses have increased by 1.6% 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 SAFE, SANITARY AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES WITHIN KEITH COUNTY, NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN OBTAINING HOUSING.
ASSIST LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN OBTAINING HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Cain Treasurer | Officer | $0 | |
Sarah Havermann Chair | Officer | $0 | |
Shiela Mitchell Secretary | Officer | $0 | |
Myrna Spurgin Vice-Chair | Officer | $0 | |
Doug Davis Director | Trustee | $0 | |
Gerri Thomas Director | Trustee | $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 | $997,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,450 |
| Total Program Service Revenue | $95,087 |
| Investment income | $784 |
| 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 | $1,099,877 |
| 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 | $4,495 |
| Fees for services: Accounting | $825 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,317 |
| Insurance | $1,000 |
| All other expenses | $18,722 |
| Total functional expenses | $166,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,209 |
| Savings and temporary cash investments | $1,234,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $877 |
| 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 | $1,327 |
| Net Land, buildings, and equipment | $488,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $552 |
| Other assets | $0 |
| Total assets | $1,855,473 |
| Accounts payable and accrued expenses | $17,514 |
| Grants payable | $0 |
| Deferred revenue | $478 |
| 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 | $702,284 |
| Other liabilities | $6,890 |
| Total liabilities | $727,166 |
| Net assets without donor restrictions | $1,128,307 |
| 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 | $1,855,473 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Keith County Housing Development Corporation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Nebraska Community Foundation Lincoln, NE PURPOSE: AFFORDABLE HOUSING PROJECT | $40,000 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Elkhorn Valley Community Development Corporation Norfolk, NE | $12,960,627 | $4,413,796 |
Family Housing Advisory Services Inc Omaha, NE | $4,420,321 | $3,509,114 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Habitat For Humanity International Inc Joplin, MO | $7,929,648 | $3,491,454 |