Anawim Housing
- Assets
- $12.4m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 97
- Location
- Des Moines, IA
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 42-1310967
Organization Overview
Anawim Housing, operating under the name Allterra Property Solutions, is located in Des Moines, IA. The organization was established in 1988. 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 12/2021, Allterra Property Solutions employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allterra Property Solutions 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, Allterra Property Solutions generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.7m during the year ending 12/2021. While expenses have increased by 3.9% 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
TO PROVIDE SAFE, AFFORDABLE HOUSING WHICH ASSISTS IN THE STABILIZATION OF LOW INCOME FAMILIES AND THE REVITALIZATION OF THE DES MOINES METROPOLITAN NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AND PROJECT BASED PROPERTY MANAGEMENT - OWN AND MANAGE RENTAL HOUSING UNITS FOR LOW-INCOME FAMILIES. RENTAL MANAGEMENT INCLUDES THE ADMINISTRATION OF RENTAL SUBSIDIES, THE MARKETING AND LEASING OF BOTH OWNED AND NON-OWNED UNITS, ENSURING UNIT AND FAMILY COMPLIANCE WITH BUILDING AND OCCUPANCY CODES, AS WELL AS OTHER REGULATORY AGENCIES.SERVICES ARE PROVIDED THROUGH THE FOLLOWING:PERMANENT RENTAL HOUSING TO QUALIFIED LOW INCOME INDIVIDUALS/FAMILIES WITH A SECTION 8 SUBSIDY VOUCHER LOW INCOME HOUSING CONTRACTED THROUGH DES MOINES PUBLIC HOUSING LOW INCOME HOUSING WITHIN LIMITED PARTNERSHIP ARRANGEMENTS
HOUSING DEVELOPMENT - PROVIDE COORDINATION AND DEVELOPMENT OF HOUSING PROJECTS FOR THE GENERAL LOW INCOME PUBLIC. HOUSING IS DEVELOPED AS AFFORDABLE TO THESE HOUSEHOLDS WITH AN INCOME THAT IS 60% OR LESS OF THE AREA MEDIAN INCOME.
RENTAL SUBSIDIES - INVOLVES THE ADMINISTRATION OF RENTAL SUBSIDIES TO INDIVIDUALS AND FAMILIES WITH DISABILITY OF MENTAL ILLNESS, CHRONIC SUBSTANCE ABUSE, OR AIDS OR OTHER RELATED DISEASES FROM FUNDS GENERALLY PASSED THROUGH FROM GOVERNMENTAL AGENCIES.
FAMILY SERVICES - THESE SERVICES INCLUDE ASSISTING FAMILIES LIVING IN AFFILIATES HOUSING TO ESTABLISH GOALS WHICH WILL ENABLE THEM TO HANDLE FAMILY CRISES, STRENGTHEN ECONOMIC STABILITY, AND BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY IN WHICH THEY LIVE. FAMILY SERVICES WILL DO THIS BY LOCATING RESOURCES AND PROVIDING ENCOURAGEMENT AND SUPPORT AS THE FAMILY STRIVES TO MEET THESE GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Frazier President | Officer | 36 | $199,536 |
Nick Goede VP Of Property Development | 40 | $100,206 | |
Cynthia Latcham Executive Director | Officer | 40 | $98,326 |
Kate Raun Secretary/treasurer | OfficerTrustee | 2 | $0 |
Claudette Mcdonald Vice Chair | OfficerTrustee | 2 | $0 |
Christine Comito Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,929,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,018,691 |
| Noncash contributions included in lines 1a–1f | $395,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,948,113 |
| Total Program Service Revenue | $1,176,656 |
| Investment income | $22,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $421,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,675,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,895,298 |
| 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 | $2,043,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,217 |
| Payroll taxes | $147,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,508 |
| 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 | $0 |
| Advertising and promotion | $2,734 |
| Office expenses | $592,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $268,388 |
| Travel | $14,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,094 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,982 |
| Insurance | $99,297 |
| All other expenses | $0 |
| Total functional expenses | $6,672,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,907,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,142 |
| Accounts receivable, net | $250,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,648,364 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $300,943 |
| Net Land, buildings, and equipment | $5,744,448 |
| Investments—publicly traded securities | $555,412 |
| Investments—other securities | $0 |
| Investments—program-related | $829,901 |
| Intangible assets | $112 |
| Other assets | $94,158 |
| Total assets | $12,399,814 |
| Accounts payable and accrued expenses | $87,673 |
| Grants payable | $0 |
| Deferred revenue | $34,729 |
| 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 | $3,395,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,279,609 |
| Total liabilities | $4,797,693 |
| Net assets without donor restrictions | $7,521,306 |
| Net assets with donor restrictions | $80,815 |
| 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 | $12,399,814 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Anawim Housing has recieved totaling $130,651.
| Awarding Organization | Amount |
|---|---|
Nelson Foundation West Des Moines, IA PURPOSE: HOUSUNG | $25,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $23,533 |
Iowa West Foundation Council Bluffs, IA PURPOSE: SUPPORTIVE HOUSING PLAN | $20,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $15,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $11,754 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |