Gilmore City Housing Corporation
- Assets
- $59.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 01/1977
- Data as of
- 12/2023
- EIN
- 42-0992333
Organization Overview
Gilmore City Housing Corporation is located in Algona, IA. The organization was established in 1977. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Gilmore City Housing Corporation 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, Gilmore City Housing Corporation generated $92.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $130.4k during the year ending 12/2023. 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
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 14 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN GILMORE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Cirks President | 0 | $0 | |
Bob Lynch Vice President | 0 | $0 | |
Donna Hodgell Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $90,133 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,564 |
| Total Revenue | $92,697 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,845 |
| Professional fees and other payments to independent contractors | $11,173 |
| Occupancy, rent, utilities, and maintenance | $76,820 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,521 |
| Total expenses | $130,359 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,956 |
| Other assets | $0 |
| Total assets | $58,956 |
| Total liabilities | $31,779 |
| Net assets or fund balances | $27,177 |