Micah House Corporation
- Assets
- $14.7m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Council Bluffs, IA
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 42-1292393
Organization Overview
Micah House Corporation is located in Council Bluffs, IA. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Micah House Corporation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Micah House Corporation 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, Micah House Corporation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 9.1% 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
PROVIDING SHELTER, FOOD, CLOTHING & SUPPORT FOR HOMELESS FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS AND SHELTER FOR HOMELESS PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaymes Sime Executive Di | 40 | $102,140 | |
Brad Neely Treasurer | OfficerTrustee | 1 | $0 |
Valarie Finney Secretary | OfficerTrustee | 1 | $0 |
Dwyer Arce Vice Preside | OfficerTrustee | 1 | $0 |
Paula Hazlewood President | OfficerTrustee | 1 | $0 |
David Love Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,178,762 |
| Noncash contributions included in lines 1a–1f | $141,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,379,780 |
| Total Program Service Revenue | $0 |
| Investment income | $68,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,682 |
| Net Gain/Loss on Asset Sales | $14,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,491,849 |
| 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 | $1,114,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,698 |
| Payroll taxes | $82,244 |
| 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 | $57,098 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,138 |
| Travel | $1,252 |
| 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 | $166,907 |
| Insurance | $61,137 |
| All other expenses | $120,534 |
| Total functional expenses | $2,124,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,961,990 |
| 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 | $12,085 |
| Net Land, buildings, and equipment | $5,459,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,276,323 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,669,561 |
| Accounts payable and accrued expenses | $102,266 |
| Grants payable | $0 |
| Deferred revenue | $7,082 |
| 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 | $109,348 |
| Net assets without donor restrictions | $10,251,209 |
| Net assets with donor restrictions | $4,309,004 |
| 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 | $14,669,561 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Micah House Corporation has recieved totaling $384,843.
| Awarding Organization | Amount |
|---|---|
United Way Of The Midlands Omaha, NE PURPOSE: CIRT Allocations | $100,000 |
Charles E Lakin Foundation Inc Council Bluffs, IA PURPOSE: CONTRIBUTION FOR SHELTER | $90,000 |
Iowa West Foundation Council Bluffs, IA PURPOSE: MULTI-YEAR FUNDING 2021 | $90,000 |
Mutual Of Omaha Foundation Omaha, NE PURPOSE: GENERAL SUPPORT | $45,000 |
Suzanne And Walter Scott Foundation Omaha, NE PURPOSE: OMAHA AWARD | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $10,000 |
Endowment Analysis
| Beg. Balance | $2,075,343 |
| Ending Balance | $2,075,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples City Mission Lincoln, NE | $5,491,222 | $20,288,173 |
City Union Mission Inc Kansas City, MO | $45,807,179 | $22,233,320 |
Connections For The Homeless Inc Evanston, IL | $3,076,427 | $13,787,312 |
Siena Francis House Omaha, NE | $39,171,081 | $11,436,014 |
People Serving People Inc Minneapolis, MN | $3,407,930 | $8,460,850 |
Dupage P A D S Inc Wheaton, IL | $16,069,911 | $10,468,502 |
Restart Inc Kansas City, MO | $6,621,835 | $7,572,954 |
Guest House Of Milwaukee Inc Milwaukee, WI | $4,668,756 | $7,591,185 |
Porchlight Inc Madison, WI | $20,932,700 | $8,054,019 |
La Casa Norte Chicago, IL | $17,596,315 | $9,177,000 |
Depaul Usa Inc Chicago, IL | $9,840,575 | $10,359,318 |
Home Of The Sparrow Inc McHenry, IL | $8,853,100 | $7,775,187 |