Humboldt Homes Ltd
- Assets
- $1.3m
- Revenue
- $744.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Humboldt, IA
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 23-7409470
Organization Overview
Humboldt Homes Ltd is located in Humboldt, IA. The organization was established in 1975. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Humboldt Homes Ltd 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 12/2021, Humboldt Homes Ltd generated $744.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $502.1k during the year ending 12/2021. While expenses have increased by 2.9% 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
LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSE OF OPERATING A 100 UNIT LOW INCOME HOUSING PROJECT FOR THE ELDERLY AND THE HANDICAPPED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Timm Vice President | OfficerTrustee | 0 | $0 |
Ron Rasmussen President | OfficerTrustee | 0 | $0 |
Kirk Whittlesey Sec/treas | OfficerTrustee | 0 | $0 |
Nancy Jensen Director | Trustee | 0 | $0 |
Merlin Graaf Director | Trustee | 0 | $0 |
Craig Malloy Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,949 |
| Total Program Service Revenue | $531,418 |
| Investment income | $27 |
| 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 | $744,795 |
| 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 | $57,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,737 |
| Fees for services: Management | $54,550 |
| Fees for services: Legal | $2,976 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,406 |
| Office expenses | $65 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,727 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,142 |
| Insurance | $31,840 |
| All other expenses | $4,704 |
| Total functional expenses | $502,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,369 |
| Savings and temporary cash investments | $20,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $34,464 |
| Net Land, buildings, and equipment | $1,102,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,704 |
| Total assets | $1,333,659 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $372,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,702 |
| Total liabilities | $410,741 |
| Net assets without donor restrictions | $922,918 |
| 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 | $1,333,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arlington Of Naples Arlington Heights, IL | $121,796,918 | $23,712,777 |
Achievement Unlimited Inc Galesburg, IL | $34,667,403 | $31,696,526 |
Ctf Illinois Orland Park, IL | $14,323,596 | $25,057,116 |
Center For Housing And Health Chicago, IL | $3,048,076 | $18,275,784 |
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Covenant Home Services Skokie, IL | $4,392,429 | $19,945,010 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
King-Bruwaert House Burr Ridge, IL | $65,181,853 | $13,001,524 |
Housing Forward Maywood, IL | $3,739,938 | $13,235,796 |
Midwest Housing Equity Group Inc Omaha, NE | $59,910,097 | $16,662,008 |