Moravia Community Housing Inc
- Assets
- $483.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Algona, IA
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 42-1067518
Organization Overview
Moravia Community Housing Inc is located in Algona, IA. The organization was established in 1977. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Moravia Community Housing Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moravia Community Housing Inc 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, Moravia Community Housing Inc generated $169.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $147.0k 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 30 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN MORAVIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Wilson Manager | Officer | 40 | $18,648 |
Irene Brooks Secretary | OfficerTrustee | 0.5 | $0 |
Gary Ehrle Director | Trustee | 0.5 | $0 |
Roy Miller Vice Preside | OfficerTrustee | 0.5 | $0 |
Margaret Richardson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $165,503 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,761 |
| Total Revenue | $169,272 |
| 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 | $21,586 |
| Occupancy, rent, utilities, and maintenance | $104,600 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,843 |
| Total expenses | $147,029 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,346 |
| Other assets | $0 |
| Total assets | $483,169 |
| Total liabilities | $325,572 |
| Net assets or fund balances | $157,597 |