Waterloo Housing Trust Fund
- Assets
- $75.6k
- Revenue
- $195.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 46-1021281
Organization Overview
Waterloo Housing Trust Fund is located in Waterloo, IA. The organization was established in 2013. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, 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. Waterloo Housing Trust Fund 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, Waterloo Housing Trust Fund generated $195.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $195.5k during the year ending 12/2021. While expenses have increased by 10.1% 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.
Since 2018, Waterloo Housing Trust Fund has awarded 27 individual grants totaling $563,680. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WATERLOO HOUSING TRUST FUND'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE DECENT AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRANSITIONAL HOUSING OR EMERGENCY HOUSING AND REPAIR TO SOME PEOPLE BELOW 30% OF AMI
PROVIDE ACCESSIBILITY RENOVATION FUNDS TO IMPROVE HOMES OF PEOPLE WITH DISABILITIES
PROVIDE HOME REPAIR TO FAMILIES AT 30-80% AMI
TO PROVIDE FUNDS FOR THE CONSTRUCTION OF A NEW HOME FOR SOME PEOPLE WHO ARE AT OR BELOW 80% OF WATERLOO'S MEDIAN INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Donat President | Trustee | $0 | |
Seth Koenen Board Member | Trustee | $0 | |
Rudy D Jones Board Member | Trustee | $0 | |
Mariliegh Fisher Board Member | Trustee | $0 | |
Jeff Ryant Board Member | Trustee | $0 | |
Rev Chuck Lane Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,062 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $36,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,062 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,934 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,709 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,718 |
| Advertising and promotion | $35 |
| Office expenses | $123 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $416 |
| All other expenses | $0 |
| Total functional expenses | $195,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,553 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $75,553 |
| 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 | $75,553 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $75,553 |
Grants Awarded
Over the last fiscal year, Waterloo Housing Trust Fund has awarded $177,934 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
NEI3A LIFE LONG LINKS | | | $51,040 |
OPERATION THRESHOLD | | | $34,748 |
CITY OF WATERLOO | | | $30,000 |
IOWA HEARTLAND HABITAT FOR HUMANITY | | | $27,775 |
EPI TBRA | | | $16,371 |
BHC VETERANS AFFAIRS | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Waterloo Housing Trust Fund has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Otto Schoitz Foundation Waterloo, IA PURPOSE: PROGRAMMATIC SUPPORT | $30,000 |
Black Hawk County Gaming Assoc Waterloo, IA PURPOSE: WATERLOO HOUSING TRUST FUND PROGRAM #10 | $30,000 |
Otto Schoitz Foundation Waterloo, IA PURPOSE: PROGRAMMATIC SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Initatives Inc Chicago, IL | $14,770,458 | $3,114,149 |
Lss Foundation Inc West Allis, WI | $32,868,828 | $1,061,850 |
Edward And Hannah M Rutledge Charities Inc Chippewa Falls, WI | $0 | $2,022,116 |
Episcopal Homes Foundation Of Minnesota St Paul, MN | $22,682,263 | $1,436,533 |
Wheda Foundation Inc Madison, WI | $1,008,183 | $1,000,000 |
Tabitha Alf Real Estate Holding Inc Lincoln, NE | $7,372,633 | $661,350 |
Housing Action Coalition Of Waukesha County Inc Waukesha, WI | $1,671,468 | $1,634,041 |
Western Home Foundation Cedar Falls, IA | $4,665,350 | $1,131,480 |
Omaha Shelter For Homeless Trust Omaha, NE | $2,869,494 | $382,228 |
Kingswood Senior Living Community Foundation Kansas City, MO | $1,424,825 | $366,812 |
Southwest Iowa Housing Trust Fund Inc Atlantic, IA | $249,762 | $246,759 |
Waterloo Housing Trust Fund Waterloo, IA | $75,553 | $195,062 |