Humboldt Homes Ltd FY2022 filing

Not tax-deductible

Humboldt, IA501(c)(4)Since 1975 EIN 23-7409470Revenue $550K in FY2022

On file with the IRS1107 19th St N, 50548-1057 · Humboldt, IATax-exempt since Nov 1975

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Low income housing for the elderly and handicapped.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $51K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$364K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$550K
-26% vs prior year
Spent
$586K
To programs
88%
Net assets
$887K
By yearFY2020–FY2025
Revenue
$550K
FY2022▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$651K
FY2021$745K
FY2022$550K
FY2023$627K
FY2024$610K
FY2025$644K
Expenses
$586K
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$502K
FY2022$586K
FY2023$591K
FY2024$605K
FY2025$740K
Net assets
$887K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$680K
FY2021$923K
FY2022$887K
FY2023$924K
FY2024$929K
FY2025$833K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $519K Management & general 12% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Humboldt Homes Ltd executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for seniors and people with disabilities.

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Provided by the organization

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1 program · $519K · in their own filed words · FY2022
01

Expense of operating a 100 unit low income housing project for the elderly and the handicapped.

$519Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$550K
Ln 12
Fees for servicesLn 2g$550K
Investment incomeLn 3$48
Money outPt IX
$586K
Ln 25
Programscol B$519K
Managementcol C$67K
Owns and owesPt X
$887K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$1.3M
LiabilitiesLn 26$364K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$550K
Investment incomeLn 3$48
Gains on assetsLn 7$0
Total revenueLn 12$550K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$110K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$40K
Total assetsLn 16$1.3M
LiabilitiesLn 26$364K
Net assetsLn 32$887K
OperationsPt I, VI
EmployeesI 51
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$158K$110K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$411K$364K
Net assetsLn 32$923K$887K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$59K$59K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$5K$5K
Management feesLn 11a$64K$64K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$565$565
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$110K$110K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$29K$29K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$122K$122K
InsuranceLn 23$55K$55K
Other expenses (24a–d)Ln 24$134K$134K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$586K$519K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $644K$740K−$96K$833K 990 PDF
FY2024 $610K$605K$5K$929K 990 PDF
FY2023 $627K$591K$37K$924K 990 PDF
FY2022 Viewing $550K$586K−$36K$887K 990 PDF
FY2021 $745K$502K$243K$923K 990 PDF
FY2020 $651K$495K$156K$680K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $550,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,949$0
I-9 Program service revenuePrior year $531,418$550,438
I-10 Investment incomePrior year $27$48
I-11 Other revenuePrior year $200,401$0
I-12 Total revenuePrior year $744,795$550,486
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,417$64,249
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $439,668$521,995
I-18 Total expensesPrior year $502,085$586,244
I-19 Revenue less expensesPrior year $242,710−$35,758
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $550,486 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $550,438$550,438
VIII-3 Investment incomeRelated to mission $48$48
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $550,486$550,486
Part IX · Statement of functional expenses $586,244 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $59,262$59,262
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,987$4,987
IX-11a Management feesManagement $64,370$64,370
IX-11b Legal feesManagement $2,559$2,559
IX-11c Accounting feesManagement $565$565
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $1,452$1,452
IX-13 Office expensesPrograms $1,329$1,329
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $109,530$109,530
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $29,041$29,041
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $122,056$122,056
IX-23 InsurancePrograms $54,643$54,643
IX-24 Other expenses (24a–d)Programs $133,682$133,682
IX-24e All other expensesPrograms $2,768$2,768
IX-25 Total functional expensesPrograms $518,750 · Management $67,494 · Fundraising $0$586,244
Part X · Balance sheet $1,250,943 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $138,369$100,027
X-2 Savings and temporary cash investmentsStart of year $20,000$10,000
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $34,464$34,464
X-10c Land, buildings and equipment, netStart of year $1,102,122$1,066,950
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $38,704$39,502
X-16 Total assetsStart of year $1,333,659$1,250,943
X-25 Other liabilitiesStart of year $38,702$38,702
X-26 Total liabilitiesStart of year $410,741$363,783
X-27 Net assets without donor restrictionsStart of year $922,918$887,160
X-32 Total net assets or fund balancesStart of year $922,918$887,160
X-33 Total liabilities and net assetsStart of year $1,333,659$1,250,943
Part XI · Reconciliation of net assets $887,160 net assets at year end
XI-1 Total revenue$550,486
XI-2 Total expenses$586,244
XI-3 Revenue less expenses−$35,758
XI-4 Net assets at start of year$922,918
XI-10 Net assets at end of year$887,160

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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