Civic Intelligence

Fairbank Housing Inc

EIN 23-7210587 • 501(c)4 • Independence, IA

Profile

Our mission is to improve lives and transform communities by providing quality housing at an affordable price.

302 1st St EIndependence, IA 50644

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2024

Asset Growth

88th percentile

35%

Faster asset growth than 88% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

40th percentile

-8.9%

Faster revenue growth than 40% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$51,094

Up $13,106 (+35%) from 2023

Liabilities

Down

$1,021

Down $269 (-21%) from 2023

Net Assets

Up

$50,073

Up $13,375 (+36%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin73rd percentile

Revenue

Down

$81,831

Down $8,029 (-8.9%) from 2023

Expenses

Down

$68,846

Down $22,626 (-25%) from 2023

Net Income

Up

$12,985

Up $14,597 (+906%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$150K$100K$50K$0Assets 2020: $113,395Liabilities 2020: $104,728Net Assets 2020: $8,6672020Assets 2021: $108,310Liabilities 2021: $93,902Net Assets 2021: $14,4082021Assets 2022: $113,416Liabilities 2022: $96,528Net Assets 2022: $16,8882022Assets 2023: $37,988Liabilities 2023: $1,290Net Assets 2023: $36,6982023Assets 2024: $51,094Liabilities 2024: $1,021Net Assets 2024: $50,0732024

Highlighted filing

2024

Assets$51,094
Liabilities$1,021
Net Assets$50,073
Open 2024 Filing

Operations Trend

Revenue Growth40th percentile

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

$100K$50K$0-$50KRevenue 2020: $69,711Expenses 2020: $65,333Net Income 2020: $4,3782020Revenue 2021: $72,666Expenses 2021: $66,925Net Income 2021: $5,7412021Revenue 2022: $77,725Expenses 2022: $75,245Net Income 2022: $2,4802022Revenue 2023: $89,860Expenses 2023: $91,472Net Income 2023: -$1,6122023Revenue 2024: $81,831Expenses 2024: $68,846Net Income 2024: $12,9852024

Highlighted filing

2024

Revenue$81,831
Expenses$68,846
Net Income$12,985
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$51,094
Liabilities
$1,021
Net assets
$50,073
Revenue
$81,831
Expenses
$68,846
Net income
$12,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$0.82$0.69$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.90$0.91$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.13$0.97$0.17$0.78$0.75$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.94$0.14$0.73$0.67$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.13$1.05$0.09$0.70$0.65$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$81,831
Mission and Program Overview

Mission

Our mission is to improve lives and transform communities by providing quality housing at an affordable price.

Program Services

DescriptionGrantsExpenses
OUR ACTIVITIES PROVIDED COMMUNITIES THROUGHOUT BUCHANAN COUNTY WITH QUALITY HOUSING AT AN AFFORDABLE PRICE.-$68,846
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WAYNE TJERNAGELPresident-$0--
ROBERT BELLISSecretary/Treas-$0--
KENNETH MOHLISDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fairbank Housing Inc
EIN
23-7210587
Phone
3193347110
Address
302 1ST ST E, INDEPENDENCE, IA 50644

Signing Officer

Name
Tiffany Nabholz
Title
Manager
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Roberts & Eddy PC
Address
2349 Jamestown Ave Suite 4, Independence, IA 50644
Preparer
Brian C Eddy
Phone
3193343704
Supplemental Narrative

Additional Explanations

Other Expenses.1

“INSURANCE $26695”

Other Expenses.2

“MANAGEMENT FEES $17427”

Other Expenses.3

“UTILITIES $7619”

Other Expenses.4

“Repairs & maintenance $7122”

Other Expenses.5

“Building repair & improvement $4869”

Other Expenses.6

“Grounds maintenance $4097”

Other Expenses.7

“Other taxes/licenses $304”

Other Expenses.8

“Legal & professional $235”

Other Expenses.9

“GARBAGE REMOVAL $205”

Other Expenses.10

“Other admin expenses $165”

Other Expenses.11

“SNOW REMOVAL $91”

Other Expenses.12

“ADVERTISING $17”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1290 Accounts Payable and Accrued Expenses - Ending $1021”

Raw XML Appendix136 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/PersonNm0KARTAY PROPERTY MANAGEMENT
IRS990EZ/BooksInCareOfDetail/PhoneNum03193347110
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0302 1ST ST E
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0INDEPENDENCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd050644
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt037988
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IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt012985
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GrossReceiptsAmt081831
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt036698
IRS990EZ/NetAssetsOrFundBalancesEOYAmt050073
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT BELLIS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0390
IRS990EZ/OtherExpensesTotalAmt068846
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0OUR MISSION IS TO IMPROVE LIVES AND TRANSFORM COMMUNITIES BY PROVIDING QUALITY HOUSING AT AN AFFORDABLE PRICE.
IRS990EZ/ProgramServiceRevenueAmt071381
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OUR ACTIVITIES PROVIDED COMMUNITIES THROUGHOUT BUCHANAN COUNTY WITH QUALITY HOUSING AT AN AFFORDABLE PRICE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt068846
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01290
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01021
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt068846
IRS990EZ/TotalProgramServiceExpensesAmt068846
IRS990EZ/TotalRevenueAmt081831
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE $26695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT FEES $17427
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UTILITIES $7619
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REPAIRS & MAINTENANCE $7122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BUILDING REPAIR & IMPROVEMENT $4869
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GROUNDS MAINTENANCE $4097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER TAXES/LICENSES $304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LEGAL & PROFESSIONAL $235
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GARBAGE REMOVAL $205
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER ADMIN EXPENSES $165
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SNOW REMOVAL $91
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ADVERTISING $17
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $1290 Accounts Payable and Accrued Expenses - Ending $1021
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIFFANY NABHOLZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAIRBANK HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0237210587
ReturnHeader/Filer/PhoneNum03193347110
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 1ST ST E
ReturnHeader/Filer/USAddress/CityNm0INDEPENDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050644
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203398169
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Roberts & Eddy PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02349 Jamestown Ave Suite 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Independence
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050644
ReturnHeader/PreparerPersonGrp/PhoneNum03193343704
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN C EDDY
ReturnHeader/ReturnTs02025-05-15T14:18:21-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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