Civic Intelligence

Grafton Housing Development

EIN 23-7181365 • 501(c)4 • Algona, IA

Profile

Provide affordable housing for elderly, disabled and low-income families

PO Box 476Algona, IA 50511
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.05x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$109,950

Down $13,512 (-11%) from 2023

Liabilities

Up

$4,332

Up $506 (+13%) from 2023

Net Assets

Down

$105,618

Down $14,018 (-12%) from 2023

Operations
Liabilities / Revenue75th percentileNet Margin80th percentile

Revenue

Up

$47,319

Up $757 (+1.6%) from 2023

Expenses

Up

$61,337

Up $13,237 (+28%) from 2023

Net Income

Down

-$14,018

Down $12,480 (-811%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2021: $122,635Liabilities 2021: $2,939Net Assets 2021: $119,6962021Assets 2022: $124,995Liabilities 2022: $3,821Net Assets 2022: $121,1742022Assets 2023: $123,462Liabilities 2023: $3,826Net Assets 2023: $119,6362023Assets 2024: $109,950Liabilities 2024: $4,332Net Assets 2024: $105,6182024

Highlighted filing

2024

Assets$109,950
Liabilities$4,332
Net Assets$105,618
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2021: $55,485Expenses 2021: $42,286Net Income 2021: $13,1992021Revenue 2022: $45,084Expenses 2022: $43,606Net Income 2022: $1,4782022Revenue 2023: $46,562Expenses 2023: $48,100Net Income 2023: -$1,5382023Revenue 2024: $47,319Expenses 2024: $61,337Net Income 2024: -$14,0182024

Highlighted filing

2024

Revenue$47,319
Expenses$61,337
Net Income-$14,018
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,950
Liabilities
$4,332
Net assets
$105,618
Revenue
$47,319
Expenses
$61,337
Net income
-$14,018
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.04$1.06$0.47$0.61$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.04$1.20$0.47$0.48$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$0.45$0.44$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$0.55$0.42$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 14, 2025
Return Version
2024v5.0
Gross Receipts
$47,319
Mission and Program Overview

Mission

Provide affordable housing

Provide affordable housing for elderly, disabled and low-income families

Program Services

DescriptionGrantsExpenses
Provide affordable housing to low income, disabled and elderly families$0$37,116
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard NeelyPresident-$0--
Randy HulshizerVice President-$0--
Bruce WhiteSecretary/Treasurer-$0--
Jim HackbartDirector-$0--
Doug HomesDirector-$0--
John DuvallDirector-$0--
Filing and Contact Details

Filer

Filer Name
Grafton Housing Development
EIN
23-7181365
Phone
5152952927
Address
PO BOX 476, ALGONA, IA 50511

Signing Officer

Name
Richard Neely
Title
President
Phone
6415303654
Signed
2025-04-14
Discuss with paid preparer
Yes

Preparer

Firm
Murphy Realty and Management Inc
Address
208 E State Street, Algona, IA 50511
Preparer
Constance Bird
Phone
5152952927
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Depreciation on capital improvements”

Form 990-EZ, Part II, Line 26

“Security deposits”

Raw XML Appendix148 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Algona
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050511
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt047319
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Bruce White
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jim Hackbart
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Doug Homes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5John Duvall
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TransactionWithControlEntInd00
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/ReturnTs02025-04-14T11:54:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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