Grafton Housing Development
- Assets
- $123.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 23-7181365
Organization Overview
Grafton Housing Development is located in Algona, IA. The organization was established in 1972. 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. Grafton Housing Development is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Grafton Housing Development generated $46.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $48.1k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AFFORDABLE HOUSING TO LOW INCOME, DISABLED AND ELDERLY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Neely President | 0 | $0 | |
Randy Hulshizer Vice President | 0 | $0 | |
Bruce White Secretary/treasurer | 0 | $0 | |
Jim Hackbart Director | 0 | $0 | |
Doug Homes Director | 0 | $0 | |
John Duvall Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $46,562 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,562 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,345 |
| Occupancy, rent, utilities, and maintenance | $27,026 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,729 |
| Total expenses | $48,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,835 |
| Other assets | $0 |
| Total assets | $123,462 |
| Total liabilities | $3,826 |
| Net assets or fund balances | $119,636 |