Housing Fund For Linn County

Organization Overview

Housing Fund For Linn County is located in Cedar Rapids, IA. The organization was established in 2008. 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. Housing Fund For Linn County 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 06/2021, Housing Fund For Linn County generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $757.9k during the year ending 06/2021. While expenses have increased by 7.4% per year over the past 6 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.

Since 2016, Housing Fund For Linn County has awarded 80 individual grants totaling $2,123,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS DEDICATED TO IMPROVING QUALITY OF LIFE BY OFFERING INNOVATIVE AND FLEXIBLE FUNDING IN ORDER TO EXPAND AFFORDABLE HOUSING OPPORTUNITIES WITHIN LINN COUNTY, IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFFORDABLE HOUSING PROGRAM - GRANT FUNDS AND CONTRIBUTIONS WERE RECEIVED TO MAKE GRANTS AND LOANS TO ORGANIZATIONS AND BUSINESSES FOR RENTAL AND SECURITY DEPOSIT ASSISTANCE, CREATION OF AFFORDABLE HOUSING, REHABILITATION AND CONSTRUCTION OF AFFORDABLE HOUSING AND OTHER ASSISTANCE RELATING TO AFFORDABLE HOUSING FOR LOW AND VERY-LOW INCOME INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Carlson
Secretary
$0
Paula Land
Vice-Chair
$0
Susan Salter
Chair
$0
Thomas Treharne
Treasurer
$0
Tracey Achenbach
Executive Di
$0
Ashley Balius
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $483,669
All other contributions, gifts, grants, and similar amounts not included above$1,459,410
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,943,079
Total Program Service Revenue$0
Investment income $0
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 $1,943,079

Grants Awarded

Over the last fiscal year, Housing Fund For Linn County has awarded $595,349 in support to 16 organizations.

Grant RecipientAmount

MATTHEW 25 MINISTRY HUB

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: AFFORDABLE HSG CONST

$285,214

WILLIS DADY EMERGENCY

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: INTAKE/REHOUSING PRO

$54,999

WAYPOINT SERVICES

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: RENT/UTILITY/DEPOSIT

$40,000

C&R CONSTRUCTIONS

PURPOSE: HOUSING REHABILITATI

$32,250

CB CEDAR RAPIDS HOUSING LLP

PURPOSE: CONSTRUCTION COSTS

$24,000

CEDAR VALLEY HABITAT FOR HUMA

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: LOW-INCOME HSG CONST

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Housing Fund For Linn County has recieved totaling $775,000.

Awarding OrganizationAmount
Greater Cedar Rapids Community Foundation

Cedar Rapids, IA

PURPOSE: PATCH PROGRAM REVOLVING LOAN FUND

$760,000
GreenState Credit Union UNION

North Liberty, IA

PURPOSE: Housing

$15,000
View Grant Recipient Profile

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