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Aurora Housing Development Corporation

Tax-deductible

Aurora, NE501(c)(3)HousingEIN 47-0737647Revenue $77K in FY2024

On file with the IRSPo Box 146, 68818-0146 · Aurora, NETax-exempt since Mar 1991Publicly supported — 509(a)(2)

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Building and financing assistance for low to moderate income Housing.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 4
filings with a surplus
Average surplus $871K a year · 98% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1177 mo
of spending, in cash
Looks good: 1176.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $155K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$104K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
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
$77K
-95% vs prior year
Spent
$18K
To programs
66%
Net assets
$3.6M
By yearFY2021–FY2024
Revenue
$77K
FY2024▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$360K
FY2023$1.5M
FY2024$77K
Expenses
$18K
FY2024▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2021$27K
FY2022$5K
FY2023$27K
FY2024$18K
Net assets
$3.6M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2022$2.1M
FY2023$3.5M
FY2024$3.6M

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 Mar 1991.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $12K Management & general 34% · $6K

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
$0Pt VII · Sec A
Jacob Arendt
Director
$0Pt VII · Sec A
Jesse Dubas
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Julie Jensen
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Morrow
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aurora Housing Development Corporation 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 finances affordable housing for low-to-moderate income families.

Questions for Aurora Housing Development Corporation

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Provided by the organization

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1 program · $12K · in their own filed words · FY2024
01

Building and financing assistance for low to moderate income housing.

$12Kprogram 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 · FY2023
Hamilton Community Foundation INCFY2023$80K
Frank M & Alice M Farr TrustFY2023$75K
Total grants receivedfrom 2 funders$155K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$77K
Ln 12
Investment incomeLn 3$83K
Fees for servicesLn 2g−$6K
Money outPt IX
$18K
Ln 25
Programscol B$12K
Managementcol C$6K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$104K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g−$6K
Investment incomeLn 3$83K
Total revenueLn 12$77K
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$711K
Total assetsLn 16$3.7M
LiabilitiesLn 26$104K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$1.3M$1.7M
Land, buildings, equipmentLn 10c$563K$711K
Total assetsLn 16$3.6M$3.7M
LiabilitiesLn 26$139K$104K
Net assetsLn 32$3.5M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$2K$2K
InterestLn 20$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$18K$12K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $77K$18K$59K$3.6M 990 PDF
FY2023 $1.5M$27K$1.4M$3.5M 990 PDF
FY2022 $360K$5K$355K$2.1M 990 PDF
FY2021 $1.7M$27K$1.6M$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $76,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,500,000$0
I-9 Program service revenuePrior year −$55,721−$6,059
I-10 Investment incomePrior year $20,560$82,956
I-11 Other revenuePrior year $881$0
I-12 Total revenuePrior year $1,465,720$76,897
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 $27,143$17,822
I-18 Total expensesPrior year $27,143$17,822
I-19 Revenue less expensesPrior year $1,438,577$59,075
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 $76,897 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission −$6,059−$6,059
VIII-3 Investment incomeExcluded from tax $82,956$82,956
VIII-12 Total revenueRelated to mission −$6,059 · Excluded from tax $82,956$76,897
Part IX · Statement of functional expenses $17,822 across 6 lines filed
IX-11b Legal feesManagement $2,573$2,573
IX-11c Accounting feesManagement $3,515$3,515
IX-12 Advertising and promotionPrograms $1,776$1,776
IX-20 InterestPrograms $5,564$5,564
IX-23 InsurancePrograms $2,267$2,267
IX-24 Other expenses (24a–d)Programs $2,127$2,127
IX-25 Total functional expensesPrograms $11,734 · Management $6,088 · Fundraising $0$17,822
Part X · Balance sheet $3,665,008 assets, 11 lines filed
Asset lines not itemized here account for $1,189,916; see the IRS return.
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $1,312,131$1,747,467
X-4 Accounts receivableStart of year $16,981$16,981
X-10c Land, buildings and equipment, netStart of year $563,207$710,645
X-16 Total assetsStart of year $3,640,857$3,665,008
X-25 Other liabilitiesStart of year $137,529$104,169
X-26 Total liabilitiesStart of year $139,093$104,169
X-27 Net assets without donor restrictionsStart of year $78,965$55,084
X-28 Net assets with donor restrictionsStart of year $3,422,799$3,505,755
X-32 Total net assets or fund balancesStart of year $3,501,764$3,560,839
X-33 Total liabilities and net assetsStart of year $3,640,857$3,665,008
Part XI · Reconciliation of net assets $3,560,839 net assets at year end
XI-1 Total revenue$76,897
XI-2 Total expenses$17,822
XI-3 Revenue less expenses$59,075
XI-4 Net assets at start of year$3,501,764
XI-10 Net assets at end of year$3,560,839

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

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