Civic Intelligence

Great River Housing Inc.

990 • Fiscal year 2017 • EIN 26-2481864

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

211 N Gear AvenueWest Burlington, IA 52655

(319) 753-5107

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.10x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.07x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$505,433

Up $107,336 (+27%) from 2016

Net Assets

Up

$457,276

Up $147,146 (+47%) from 2016

Liabilities

Down

$48,157

Down $39,810 (-45%) from 2016

Revenue

Up

$675,297

Up $123,426 (+22%) from 2016

Expenses

Down

$504,876

Down $2,117 (-0.4%) from 2016

Net Income

Up

$170,421

Up $125,543 (+280%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $73,291Liabilities 2011: $2,250Net Assets 2011: $71,0412011Assets 2012: $260,792Liabilities 2012: $0Net Assets 2012: $260,7922012Assets 2013: $285,212Liabilities 2013: $101,000Net Assets 2013: $184,2122013Assets 2014: $288,726Liabilities 2014: $146,461Net Assets 2014: $142,2652014Assets 2015: $328,239Liabilities 2015: $54,420Net Assets 2015: $273,8192015Assets 2016: $398,097Liabilities 2016: $87,967Net Assets 2016: $310,1302016Assets 2017: $505,433Liabilities 2017: $48,157Net Assets 2017: $457,2762017Assets 2018: $557,178Liabilities 2018: $38,662Net Assets 2018: $518,5162018Assets 2019: $276,848Liabilities 2019: $19,641Net Assets 2019: $257,2072019Assets 2020: $299,413Liabilities 2020: $54,949Net Assets 2020: $244,4642020Assets 2021: $487,430Liabilities 2021: $57,059Net Assets 2021: $430,3712021Assets 2022: $493,298Liabilities 2022: $41,422Net Assets 2022: $451,8762022Assets 2023: $648,871Liabilities 2023: $41,168Net Assets 2023: $607,7032023Assets 2024: $1,074,473Liabilities 2024: $62,208Net Assets 2024: $1,012,2652024

Highlighted filing

2017

Assets$505,433
Liabilities$48,157
Net Assets$457,276

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $71,339Expenses 2011: $298Net Income 2011: $71,0412011Expenses 2012: $165,4262012Expenses 2013: $250,3422013Revenue 2014: $293,597Expenses 2014: $327,275Net Income 2014: -$33,6782014Revenue 2015: $686,573Expenses 2015: $542,046Net Income 2015: $144,5272015Revenue 2016: $551,871Expenses 2016: $506,993Net Income 2016: $44,8782016Revenue 2017: $675,297Expenses 2017: $504,876Net Income 2017: $170,4212017Revenue 2018: $386,379Expenses 2018: $315,551Net Income 2018: $70,8282018Revenue 2019: $270,211Expenses 2019: $523,785Net Income 2019: -$253,5742019Revenue 2020: $475,075Expenses 2020: $484,647Net Income 2020: -$9,5722020Revenue 2021: $590,120Expenses 2021: $403,150Net Income 2021: $186,9702021Revenue 2022: $573,205Expenses 2022: $549,340Net Income 2022: $23,8652022Revenue 2023: $744,624Expenses 2023: $776,297Net Income 2023: -$31,6732023Revenue 2024: $973,096Expenses 2024: $796,034Net Income 2024: $177,0622024

Highlighted filing

2017

Revenue$675,297
Expenses$504,876
Net Income$170,421
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$675,297
Mission and Program Overview

Mission

Disbursement of LHTF & FHLB Program

Disbursement of LHTF & FHLB Program funds to eligible individuals in accordance with the new LHTF Program disbursement policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$286,737$316,051▲ $29,314
Accounts Receivable$111,360$188,162▲ $76,802
Prepaid Expenses and Deferred Charges-$1,220-
Total Assets$398,097$505,433▲ $107,336
Liabilities
Accounts Payable and Accrued Expenses$87,967$48,157▼ $39,810
Total Liabilities$87,967$48,157▼ $39,810
Net Assets / Fund Balance
Unrestricted Net Assets$310,130$457,276▲ $147,146
Total Net Assets Fund Balance$310,130$457,276▲ $147,146
Total Liabilities and Net Assets / Fund Balance$398,097$505,433▲ $107,336
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent SchleismanChairman
Hans TrousilVice Chairman
Mike NorrisExecutive Director
Bob BuckmanCommitte Member
Andrew WieseCommittee Member
Deb MassnerCommittee Member
Greg MoellerCommittee Member
Kathy MahoneyCommittee Member
Kristian EcklundCommittee Member
Sue FriceCommittee Member
Dan SpraySecretary
Charles NicolsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$530,994
Program Service Revenue
$143,673
Investment Income
$630
Other Revenue
$0
All Other Contributions
$523,224
Change in Net Assets
$170,421

Audited Revenue Reconciliation

Revenue per Audited Statements
$675,297
Total Revenue per Audited Statements
$675,297
Total Revenue per Form 990
$675,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$458,596
Other Expenses$46,280
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$458,596--$458,596
Other Expenses$0$9,611$0$9,611
Fees for Services Accounting$3,100$0$0$3,100
Insurance$2,050$0$0$2,050
Advertising$1,439$0$0$1,439
Office Expenses$1,200$0$0$1,200
Travel$827$0$0$827
Fees for Services Legal$320$0$0$320
Conferences and Meetings$263$0$0$263
Total Functional Expenses$495,265$9,611$0$504,876

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$504,876
Total Expenses per Audited Statements$504,876
Total Expenses per Form 990$504,876
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Great River Housing Inc
EIN
26-2481864
Phone
3197535107
Address
211 N Gear Avenue, West Burlington, IA 52655

Signing Officer

Name
Mike Norris
Title
Executive Director
Phone
3197535107
Signed
2017-11-10

Organization Details

Principal Officer
Mike Norris
Formed
2010
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
John D Morrow CPA
Address
109 Main Street PO Box 400, Wall Lake, IA 51466-0400
Preparer
John D Morrow
Phone
7126642891
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The committee members may review the form 990 at any meeting. The Executive Director is authorized to review and sign the return.

Pt VI, Line 12C

The committee members review the organizations disbursements at regular meetings and inquire about conflict of interest compliance.

Pt VI, Line 15B

The committee members do not set compensation for any individuals. No one is employed directly by the organization.

Pt VI, Line 19

The governing documents and other documents are available from the organization upon request.

Pt XI

Part 1 line 9 Other Changes in Net Assets. Decrease in principal loan balances as of fiscal year end June 2016. Principal loan balance is added to Organizations assets and recorded as a reserve net asset balance. Total decrease $23,275.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0564
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0457
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0492
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0471
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02614
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0611888
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt01613937
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0523224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0396230
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0381176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0212807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0100500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01613937
IRS990ScheduleA/TotalSupportAmt01616551
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0504876
IRS990ScheduleD/RevenueSubtotalAmt0675297
IRS990ScheduleD/TotalExpensesPerForm990Amt0504876
IRS990ScheduleD/TotalRevenuePerForm990Amt0675297
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0675297
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0504876
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt095500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1363096
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0LHTF Down Payment Assist
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1LHTF Home Rehabilitation
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt127
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Book
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0All grant funds are administered through Southeast Iowa Regional Planning Commission. Grant funds are requested through an application process which determines the eligibility of grant recipients. Tracking of grant expenditures are performed the grant procedures process.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The committee members may review the form 990 at any meeting. The Executive Director is authorized to review and sign the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The committee members review the organizations disbursements at regular meetings and inquire about conflict of interest compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The committee members do not set compensation for any individuals. No one is employed directly by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents and other documents are available from the organization upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part 1 line 9 Other Changes in Net Assets. Decrease in principal loan balances as of fiscal year end June 2016. Principal loan balance is added to Organizations assets and recorded as a reserve net asset balance. Total decrease $23,275.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0398097
IRS990/TotalAssetsEOYAmt0505433
IRS990/TotalAssetsGrp/BOYAmt0398097
IRS990/TotalAssetsGrp/EOYAmt0505433
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0530994
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09611
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0495265
IRS990/TotalFunctionalExpensesGrp/TotalAmt0504876
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087967
IRS990/TotalLiabilitiesEOYAmt048157
IRS990/TotalLiabilitiesGrp/BOYAmt087967
IRS990/TotalLiabilitiesGrp/EOYAmt048157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0310130
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0457276
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt07500
IRS990/TotalProgramServiceExpensesAmt0495265
IRS990/TotalProgramServiceRevenueAmt0143673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0675297
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0398097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0505433
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0827
IRS990/TravelGrp/TotalAmt0827
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0310130
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0457276
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0211 N Gear Ave
IRS990/USAddress/CityNm0West Burlington
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052655
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE NORRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03197535107
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Great River Housing Inc
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0262481864
ReturnHeader/Filer/PhoneNum03197535107
ReturnHeader/Filer/USAddress/AddressLine1Txt0211 N Gear Avenue
ReturnHeader/Filer/USAddress/CityNm0West Burlington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052655
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId050A7E0F7C5F850ADD99E1CF93E3CC1438640E033
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId050A7E0F7C5F850ADD99E1CF93E3CC1438640E033

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.06$1.01$0.97$0.80$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.04$0.61$0.74$0.78$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.04$0.45$0.57$0.55$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.06$0.43$0.59$0.40$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.05$0.24$0.48$0.48$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$0.27$0.52$0.25
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.04$0.52$0.39$0.32$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.46$0.68$0.50$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.09$0.31$0.55$0.51$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.05$0.27$0.69$0.54$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.29$0.15$0.14$0.29$0.33$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.10$0.18$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.07$0.00$0.07