Aurora Housing Development Corporation
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Aurora, NE
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 47-0737647
Organization Overview
Aurora Housing Development Corporation is located in Aurora, NE. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurora Housing Development 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, Aurora Housing Development Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $27.4k during the year ending 12/2021. 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
BUILDING AND FINANCING ASSISTANCE FOR LOW TO MODERATE INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING AND FINANCING ASSISTANCE FOR LOW TO MODERATE INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jannelle Seim President | OfficerTrustee | 2 | $0 |
Steve Anderson VP & Treasur | OfficerTrustee | $0 | |
Nicholas Hinrichs Secretary | OfficerTrustee | $0 | |
Matt Shaw Director | Trustee | $0 | |
Robin Hanson Director | Trustee | $0 | |
Michael Morrow Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $916,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,608,992 |
| Total Program Service Revenue | $47,791 |
| Investment income | $293 |
| 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 | $1,657,076 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,107 |
| 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 | $1,312 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,274,870 |
| 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 | $190,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $258,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,722,910 |
| Accounts payable and accrued expenses | $1,564 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,564 |
| 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 | $1,721,346 |
| Total liabilities and net assets/fund balances | $1,722,910 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Aurora Housing Development Corporation has recieved totaling $402,000.
| Awarding Organization | Amount |
|---|---|
Hamilton Community Foundation Inc Aurora, NE PURPOSE: RURAL WORKFORCE HOUS | $240,000 |
Bernard K & Norma F Heuermann Foundation Omaha, NE PURPOSE: TO FUND THE RURAL WORKFORCE HOUSING INVESTMENT FUND. | $100,000 |
Wortman Family Charitable Trust Aurora, NE PURPOSE: OPERATING | $50,000 |
The Chief Foundation Inc Grand Island, NE PURPOSE: CAPITAL ASSET SUPPORT FOR COMMUNITY | $10,000 |
Wortman Family Charitable Trust Aurora, NE PURPOSE: OPERATING | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Kansas City Kansas City, MO | $24,127,378 | $10,262,500 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
24 1 Community Land Trust Pine Lawn, MO | $28,090,880 | $9,459,445 |
House Of David Preservation Inc Kansas City, MO | $38,466,144 | $5,021,226 |
Affordable Housing Network Inc Cedar Rapids, IA | $25,730,785 | $5,702,234 |
Anawim Housing Des Moines, IA | $12,399,814 | $6,675,013 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Community Housing Initiatives Inc Spencer, IA | $50,484,883 | $5,152,673 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |
Habitat For Humanity International Inc St Louis, MO | $10,001,182 | $5,841,965 |
Habitat For Humanity International Inc Fort Collins, CO | $6,791,081 | $6,218,115 |
Missouri Quality Care Cameron, MO | $2,330,390 | $5,297,009 |