Ecumenical Housing Development Group FY2020 filing

Tax-deductible

Davenport, IA501(c)(3)HousingEIN 42-1431223Revenue $433K in FY2020

On file with the IRS1016 W 7th St Apt 9, 52802-3334 · Davenport, IATax-exempt since Mar 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Provide affordable, low income Housing to residents of the quad city area.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $140K a year · 17% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $23K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$433K
Spent
$563K
To programs
97%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$433K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$433K
FY2021$400K
FY2023$2.0M
FY2024$540K
Expenses
$563K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$563K
FY2021$608K
FY2023$922K
FY2024$720K
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.6M
FY2023$3.8M
FY2024$3.6M

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1995.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $548K Management & general 3% · $15K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Ecumenical Housing Development Group 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

Builds and manages affordable housing for low-income Quad City residents.

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Provided by the organization

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1 program · $548K · in their own filed words · FY2019
01

Provide affordable, low income housing to residents of the quad city area.

$548Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$23K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$433K
Ln 12
Fees for servicesLn 2g$360K
Gifts and grantsLn 1h$41K
Investment incomeLn 3$28K
Money outPt IX
$563K
Ln 25
Programscol B$548K
Managementcol C$15K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$486K
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Fees for servicesLn 2g$360K
Investment incomeLn 3$28K
Other incomeLn 4–11$5K
Total revenueLn 12$433K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$454K
Cash and savings togetherLn 1–2$486K
Land, buildings, equipmentLn 10c$3.3M
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$551K$486K
Land, buildings, equipmentLn 10c$3.2M$3.3M
Total assetsLn 16$4.3M$4.1M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$3.0M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Accounting feesLn 11c$11K$11K
Office expensesLn 13$15K$15K
InterestLn 20$37K$37K
Depreciation, depletion and amortizationLn 22$172K$172K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$213K$213K
All other expensesLn 24e$59K$59K
Total functional expensesLn 25$563K$548K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $540K$720K−$181K$3.6M 990 PDF
FY2023 $2.0M$922K$1.1M$3.8M 990 PDF
FY2022 Not on file
FY2021 $400K$608K−$207K$2.6M 990 PDF
FY2020 Viewing $433K$563K−$130K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $432,739 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $178,007$40,597
I-9 Program service revenuePrior year $317,084$360,018
I-10 Investment incomePrior year $32,975$27,502
I-11 Other revenuePrior year $45,755$4,622
I-12 Total revenuePrior year $573,821$432,739
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $578,337$563,173
I-18 Total expensesPrior year $578,337$563,173
I-19 Revenue less expensesPrior year −$4,516−$130,434
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $432,739 across 6 lines filed
VIII-1f All other contributions, gifts and grants$40,597
VIII-1h Total contributions, gifts and grants$40,597
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $360,018$360,018
VIII-3 Investment incomeRelated to mission $27,502$27,502
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,622$4,622
VIII-12 Total revenueRelated to mission $392,142$432,739
Part IX · Statement of functional expenses $563,173 across 8 lines filed
IX-11a Management feesPrograms $33,844$33,844
IX-11c Accounting feesPrograms $10,925$10,925
IX-13 Office expensesManagement $15,457$15,457
IX-20 InterestPrograms $36,553$36,553
IX-22 Depreciation, depletion and amortizationPrograms $171,792$171,792
IX-23 InsurancePrograms $22,811$22,811
IX-24 Other expenses (24a–d)Programs $212,802$212,802
IX-24e All other expensesPrograms $58,989$58,989
IX-25 Total functional expensesPrograms $547,716 · Management $15,457 · Fundraising $0$563,173
Part X · Balance sheet $4,137,484 assets, 15 lines filed
Asset lines not itemized here account for $279,364; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $12,984$32,190
X-2 Savings and temporary cash investmentsStart of year $537,521$454,054
X-3 Pledges and grants receivableStart of year $114,597$18,742
X-4 Accounts receivableStart of year $8,432$10,305
X-9 Prepaid expenses and deferred charges$6,266
X-10c Land, buildings and equipment, netStart of year $3,180,689$3,336,563
X-16 Total assetsStart of year $4,267,128$4,137,484
X-17 Accounts payable and accrued expensesStart of year $60,718$58,249
X-19 Deferred revenueStart of year $2,014$1,333
X-25 Other liabilitiesStart of year −$423,445−$401,194
X-26 Total liabilitiesStart of year $1,283,173$1,283,963
X-27 Net assets without donor restrictionsStart of year $2,889,358$2,834,779
X-28 Net assets with donor restrictionsStart of year $94,597$18,742
X-32 Total net assets or fund balancesStart of year $2,983,955$2,853,521
X-33 Total liabilities and net assetsStart of year $4,267,128$4,137,484
Part XI · Reconciliation of net assets $2,853,521 net assets at year end
XI-1 Total revenue$432,739
XI-2 Total expenses$563,173
XI-3 Revenue less expenses−$130,434
XI-4 Net assets at start of year$2,983,955
XI-10 Net assets at end of year$2,853,521

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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