Greater Cedar Rapids Housing & Building Association
- Assets
- $652.7k
- Revenue
- $398.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Hiawatha, IA
- Founding
- 09/1980
- Data as of
- 12/2023
- EIN
- 42-1016172
Organization Overview
Greater Cedar Rapids Housing & Building Association is located in Hiawatha, IA. The organization was established in 1980. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & 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. Greater Cedar Rapids Housing & Building Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Greater Cedar Rapids Housing & Building Association generated $398.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $396.2k during the year ending 12/2023. While expenses have increased by 4.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSOCIATE THE HOME BUILDERS FOR PURPOSES OF MUTUAL ADVANTAGE & COOPERATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES ARE DESIGNED TO PROMOTE PUBLIC AWARENESS OF THE HOME BUILDING INDUSTRY AS WELL AS PROMOTE PROFESSIONAL CAMARADERIE AMONG HOME BUILDERS AND RELATED INDUSTRIES IN CEDAR RAPIDS/MARION AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Retz Drew President | OfficerTrustee | 1 | $0 |
Hoth Jamie First Vice President | OfficerTrustee | 1 | $0 |
Skogman Jennifer Second Vice President | OfficerTrustee | 1 | $0 |
Zimmerman Justin Treasurer | OfficerTrustee | 1 | $0 |
Sattler Joe Secretary | OfficerTrustee | 1 | $0 |
Rhoades Andrea Immediate Past President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,680 |
| Fundraising events | $37,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,881 |
| Total Program Service Revenue | $179,263 |
| Investment income | $10,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,602 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,650 |
| Net Income from Gaming Activities | $2,565 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,923 |
| 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. | $95,234 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540 |
| Advertising and promotion | $27,470 |
| Office expenses | $8,967 |
| Information technology | $6,863 |
| Royalties | $0 |
| Occupancy | $11,088 |
| Travel | $21,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,880 |
| Insurance | $2,384 |
| All other expenses | $0 |
| Total functional expenses | $396,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,329 |
| Savings and temporary cash investments | $356,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,745 |
| 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 | $3,619 |
| Net Land, buildings, and equipment | $188,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,686 |
| Accounts payable and accrued expenses | $33,808 |
| Grants payable | $0 |
| Deferred revenue | $77,730 |
| 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 | $15,000 |
| Total liabilities | $126,538 |
| Net assets without donor restrictions | $0 |
| 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 | $526,148 |
| Total liabilities and net assets/fund balances | $652,686 |
Grants Awarded
Over the last fiscal year, Greater Cedar Rapids Housing & Building Association has awarded $11,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WHEELCHAIR RAMP ACESSIBILITY PROGRAM COALITION PURPOSE: DONATIONS AND SERVICES THAT WERE USED FOR EVENTS DURING THE YEAR. WHEELCHAIR RAMP ACESSIBILITY PROGRAM COALITION DONATED LABOR TO STAFF THE HOMES, SO THE ORGANIZATION DONATED TO THEM. | $5,750 |
MATTHEW 25 PURPOSE: DONATIONS AND SERVICES THAT WERE USED FOR EVENTS DURING THE YEAR. MATTHEW 25 DONATED LABOR TO STAFF THE HOMES, SO THE ORGANIZATION DONATED TO THEM. | $5,750 |