Foundation For Rural Housing Inc
- Assets
- $273.7k
- Revenue
- $524.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Oregon, WI
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 39-1395627
Organization Overview
Foundation For Rural Housing Inc is located in Oregon, WI. The organization was established in 1983. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Foundation For Rural Housing Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Rural Housing Inc 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, Foundation For Rural Housing Inc generated $524.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $492.2k during the year ending 12/2021. While expenses have increased by 0.5% 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
CREATING, EDUCATING AND SUPPORTING RURAL LOW-INCOME HOUSEHOLDS TO BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE CRITICAL ASSISTANCE AND OTHER DIRECT ASSISTANCE PROGRAMS RECEIVED OVER 1103 REQUESTS. THE PROGRAMS PROVIDED $219,748 IN DIRECT FINANCIAL ASSISTANCE TO PREVENT HOMELESSNESS. THIS WAS PAID ON BEHALF OF 377 HOUSEHOLDS. THIS INCLUDED HELP WITH FIRST TIME SECURITY DEPOSITS TO MOVE INTO AFFORDABLE HOUSING FOR 138 SECURITY DEPOSITS, 92 HOUSEHOLDS RECEIVED HELP WITH DELINQUENT RENT TO AVOID AN EVICTION NOTICE, 46 HOUSEHOLDS RECEIVED HELP WITH PAST DUE MORTGAGE PAYMENTS, 14 HOUSEHOLDS RECEIVED HELP WITH UTILITY EXPENSES AND 35 HOUSEHOLDS RECEIVED HELP WITH PAST DUE PROPERTY TAXES TO AVOID A TAX LIEN BEING PLACED ON THE PROPERTY. ANOTHER 52 INDIVIDUALS RECEIVED MISCELLANEOUS GRANTS RELATED TO COVID NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Fasula Executive Director | Officer | 40 | $69,963 |
Gary Smith Vice President | OfficerTrustee | 5 | $0 |
Dawn Cronin Treasurer | OfficerTrustee | 5 | $0 |
Thomas J Mackie President | OfficerTrustee | 5 | $0 |
Phil Schneider Director | Trustee | 5 | $0 |
Jeanne Meyer Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $481,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $524,168 |
| Total Program Service Revenue | $0 |
| Investment income | $212 |
| 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 | $524,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $244,367 |
| 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 | $155,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,955 |
| Advertising and promotion | $0 |
| Office expenses | $15,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,802 |
| Travel | $8,909 |
| 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 | $0 |
| Insurance | $3,190 |
| All other expenses | $3,788 |
| Total functional expenses | $492,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,827 |
| Savings and temporary cash investments | $44,207 |
| Pledges and grants receivable | $49,813 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,850 |
| Total assets | $273,697 |
| Accounts payable and accrued expenses | $9,414 |
| Grants payable | $0 |
| Deferred revenue | $13,641 |
| 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 | $0 |
| Total liabilities | $23,055 |
| Net assets without donor restrictions | $126,792 |
| Net assets with donor restrictions | $123,850 |
| 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 | $273,697 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Foundation For Rural Housing Inc has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Green County Inc Monroe, WI | | $8,000 |
United Way Of Green County Inc Monroe, WI | | $8,000 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: COMMUNITY GRANT | $3,000 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: COMMUNITY GRANT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |