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Waterloo Housing Trust Fund

Tax-deductible

Waterloo, IA501(c)(3)Housing EIN 46-1021281Revenue $283K in FY2024

On file with the IRS229 E Park Ave, 50703-4669 · Waterloo, IATax-exempt since Apr 2013Publicly supported charity — 170(b)(1)(A)(vi)

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The Waterloo Housing Trust fund's primary exempt purpose is to provide decent affordable Housing.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $517 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$102K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
+4% vs prior year
Spent
$284K
To programs
92%
Net assets
$0
By yearFY2020–FY2024
Revenue
$283K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$195K
FY2022$189K
FY2023$273K
FY2024$283K
Expenses
$284K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$113K
FY2021$196K
FY2022$190K
FY2023$274K
FY2024$284K
Net assets
$0
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2013.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $262K Management & general 8% · $21K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Donat
President
$0Pt VII · Sec A
Mariliegh Fisher
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Rudy D Jones
Board Member
$0Pt VII · Sec A
Teri L Jorgensen
Vice Preside
$0Pt VII · Sec A
Seth Koenen
Secretary/Tr
$0Pt VII · Sec A
Chuck Lane
Board Member
$0Pt VII · Sec A
Clarissa Nicholson
Board Member
$0Pt VII · Sec A
See Waterloo Housing Trust Fund 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 decent, affordable housing for those in need.

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Provided by the organization

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3 programs · $262K · in their own filed words · FY2024
01

Provide accessibility renovation funds to improve homes of people with disabilities

$131Kprogram expense
02

Provide home repair to families at 30-80% ami

$88Kprogram expense
03

Provide transitional housing or emergency housing and repair to some people below 30% of ami

$44Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Black Hawk County Gaming AssociationFY2025$300K
Total grants receivedfrom 1 funder$300K
Grants paid · 35 grants · $763K · 2020–2024
Nei3aFY2024$61,787
Iowa Heartland Habitat for HumanityIA · FY2024$45,446
City of WaterlooFY2024$39,231
Individual RecipientFY2024$33,528
Salvation ArmyFY2024$12,397
Individual RecipientFY2024$10,161
Cv Friends of the FamilyFY2024$4,189
Nei3a Life Long LinksFY2023$79,278
Iowa Heartland Habitat for HumanityIA · FY2023$51,674
Individual RecipientFY2023$21,725
Cv Friends of the FamilyFY2023$14,757
House of HopeFY2023$13,043
Individual RecipientFY2023$11,935
Individual RecipientFY2023$9,043
Northeast Iowa Area Agency on Aging INCIA · FY2023$7,622
Nei3a Life Long LinksFY2022$37,960
Individual RecipientFY2022$25,967
Iowa Heartland Habitat for HumanityIA · FY2022$23,723
See all 35 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$283K
Ln 12
Gifts and grantsLn 1h$283K
Money outPt IX
$284K
Ln 25
Programscol B$262K
Managementcol C$21K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$102K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$283K
Government grantsLn 1e$283K
Noncash giftsLn 1g$46K
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$102K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$68K$102K
Total assetsLn 16$98K$102K
LiabilitiesLn 26$98K$102K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$262K$262K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$800$800
Lobbying feesLn 11d$450$450
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$39$39
Office expensesLn 13$212$212
TravelLn 17$14$14
InsuranceLn 23$416$416
Total functional expensesLn 25$284K$262K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $283K$284K−$238$0 990 PDF
FY2023 $273K$274K−$167$0 990 PDF
FY2022 $189K$190K−$1K$0 990 PDF
FY2021 $195K$196K−$453$0 990 PDF
FY2020 $112K$113K−$665$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $283,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $273,425$283,390
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $273,425$283,390
I-13 Grants and similar amounts paidPrior year $246,320$262,342
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,272$21,286
I-18 Total expensesPrior year $273,592$283,628
I-19 Revenue less expensesPrior year −$167−$238
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $283,390 across 4 lines filed
VIII-1e Government grants$283,390
VIII-1g Noncash contributions (included above)$46,495
VIII-1h Total contributions, gifts and grants$283,390
VIII-12 Total revenue$283,390
Part IX · Statement of functional expenses $283,628 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $262,342$262,342
IX-11a Management feesManagement $14,277$14,277
IX-11c Accounting feesManagement $800$800
IX-11d Lobbying feesManagement $450$450
IX-11g Other fees for servicesManagement $5,078$5,078
IX-12 Advertising and promotionManagement $39$39
IX-13 Office expensesManagement $212$212
IX-17 TravelManagement $14$14
IX-23 InsuranceManagement $416$416
IX-25 Total functional expensesPrograms $262,342 · Management $21,286 · Fundraising $0$283,628
Part X · Balance sheet $102,203 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $67,800$102,203
X-16 Total assetsStart of year $97,800$102,203
X-17 Accounts payable and accrued expensesStart of year $2,528$2,424
X-19 Deferred revenueStart of year $95,272$99,779
X-26 Total liabilitiesStart of year $97,800$102,203
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $97,800$102,203
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$283,390
XI-2 Total expenses$283,628
XI-3 Revenue less expenses−$238
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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