Ecumenical Housing Development Group FY2021 filing

Tax-deductible

Davenport, IA501(c)(3)HousingEIN 42-1431223

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

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 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
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
-7% vs prior year
Spent
$608K
To programs
98%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$400K
FY2021▼ -7%
Revenue by fiscal year
FY2020$433K
FY2021$400K
FY2023$2.0M
FY2024$540K
Expenses
$608K
FY2021▲ +8%
Expenses by fiscal year
FY2020$563K
FY2021$608K
FY2023$922K
FY2024$720K
Net assets
$2.6M
FY2021▼ -7%
Net assets by fiscal year
FY2020$2.9M
FY2021$2.6M
FY2023$3.8M
FY2024$3.6M

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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

98 cents of each dollar spent went to programs.

Program services 98% · $597K Management & general 2% · $10K

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

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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.

Provided by the organization

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1 program · $597K · in their own filed words · FY2020
01

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

$597Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$400K
Ln 12
Fees for servicesLn 2g$337K
Gifts and grantsLn 1h$27K
Other incomeLn 4–11$18K
Money outPt IX
$608K
Ln 25
Programscol B$597K
Managementcol C$10K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$390K
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Fees for servicesLn 2g$337K
Investment incomeLn 3$18K
Other incomeLn 4–11$18K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$321K
Cash and savings togetherLn 1–2$390K
Land, buildings, equipmentLn 10c$3.2M
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.6M
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 FY21End FY21
Cash and savingsLn 1–2$486K$390K
Land, buildings, equipmentLn 10c$3.3M$3.2M
Total assetsLn 16$4.1M$3.9M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$2.9M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Accounting feesLn 11c$17K$17K
Office expensesLn 13$10K$10K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$176K$176K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$232K$232K
All other expensesLn 24e$76K$76K
Total functional expensesLn 25$608K$597K$10K$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 Viewing $400K$608K−$207K$2.6M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $400,338 across 6 lines filed
VIII-1f All other contributions, gifts and grants$26,869
VIII-1h Total contributions, gifts and grants$26,869
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $337,186$337,186
VIII-3 Investment incomeRelated to mission $17,873$17,873
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,410$18,410
VIII-12 Total revenueRelated to mission $373,469$400,338
Part IX · Statement of functional expenses $607,529 across 8 lines filed
IX-11a Management feesPrograms $33,764$33,764
IX-11c Accounting feesPrograms $17,481$17,481
IX-13 Office expensesManagement $10,109$10,109
IX-20 InterestPrograms $32,877$32,877
IX-22 Depreciation, depletion and amortizationPrograms $176,248$176,248
IX-23 InsurancePrograms $28,902$28,902
IX-24 Other expenses (24a–d)Programs $231,748$231,748
IX-24e All other expensesPrograms $76,400$76,400
IX-25 Total functional expensesPrograms $597,420 · Management $10,109 · Fundraising $0$607,529
Part X · Balance sheet $3,930,473 assets, 15 lines filed
Asset lines not itemized here account for $292,836; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $32,190$68,527
X-2 Savings and temporary cash investmentsStart of year $454,054$321,236
X-3 Pledges and grants receivableStart of year $18,742$45,611
X-4 Accounts receivableStart of year $10,305$21,178
X-9 Prepaid expenses and deferred chargesStart of year $6,266$3,767
X-10c Land, buildings and equipment, netStart of year $3,336,563$3,177,318
X-16 Total assetsStart of year $4,137,484$3,930,473
X-17 Accounts payable and accrued expensesStart of year $58,249$53,930
X-19 Deferred revenueStart of year $1,333$1,721
X-25 Other liabilitiesStart of year −$401,194−$379,383
X-26 Total liabilitiesStart of year $1,283,963$1,284,143
X-27 Net assets without donor restrictionsStart of year $2,834,779$2,610,062
X-28 Net assets with donor restrictionsStart of year $18,742$36,268
X-32 Total net assets or fund balancesStart of year $2,853,521$2,646,330
X-33 Total liabilities and net assetsStart of year $4,137,484$3,930,473
Part XI · Reconciliation of net assets $2,646,330 net assets at year end
XI-1 Total revenue$400,338
XI-2 Total expenses$607,529
XI-3 Revenue less expenses−$207,191
XI-4 Net assets at start of year$2,853,521
XI-10 Net assets at end of year$2,646,330

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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