Civic Intelligence

Galesville Housing Development Corporati

EIN 39-1223662 • 501(c)4 • LA Crosse, WI

Profile

Provide 24 units of affordable housing for low-income elderly and disabled individuals in the city of galesville wisconsin

224 Sixth Street North PO Box 282LA Crosse, WI 54602-2829

n/A

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

66th percentile

11%

Higher net margin than 66% 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

65th percentile

5.2%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

65th percentile

7.7%

Faster revenue growth than 65% of similar nonprofits.

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

Assets

Up

$224,708

Up $11,151 (+5.2%) from 2023

Liabilities

Down

$38,999

Down $12,665 (-25%) from 2023

Net Assets

Up

$185,709

Up $23,816 (+15%) from 2023

Revenue

Up

$128,764

Up $9,155 (+7.7%) from 2023

Expenses

Down

$114,802

Down $4,946 (-4.1%) from 2023

Net Income

Up

$13,962

Up $14,101 (+10145%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $365,184Liabilities 2011: $213,486Net Assets 2011: $151,6982011Assets 2012: $353,831Liabilities 2012: $199,988Net Assets 2012: $153,8432012Assets 2013: $338,826Liabilities 2013: $187,567Net Assets 2013: $151,2592013Assets 2014: $330,046Liabilities 2014: $174,392Net Assets 2014: $155,6542014Assets 2015: $318,316Liabilities 2015: $159,313Net Assets 2015: $159,0032015Assets 2016: $303,511Liabilities 2016: $146,063Net Assets 2016: $157,4482016Assets 2017: $290,445Liabilities 2017: $132,067Net Assets 2017: $158,3782017Assets 2018: $283,058Liabilities 2018: $117,556Net Assets 2018: $165,5022018Assets 2019: $276,211Liabilities 2019: $102,343Net Assets 2019: $173,8682019Assets 2020: $266,220Liabilities 2020: $86,125Net Assets 2020: $180,0952020Assets 2021: $246,426Liabilities 2021: $70,101Net Assets 2021: $176,3252021Assets 2022: $228,651Liabilities 2022: $66,619Net Assets 2022: $162,0322022Assets 2023: $213,557Liabilities 2023: $51,664Net Assets 2023: $161,8932023Assets 2024: $224,708Liabilities 2024: $38,999Net Assets 2024: $185,7092024

Highlighted filing

2024

Assets$224,708
Liabilities$38,999
Net Assets$185,709

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $103,475Expenses 2011: $103,190Net Income 2011: $2852011Revenue 2012: $102,309Expenses 2012: $100,164Net Income 2012: $2,1452012Revenue 2013: $102,719Expenses 2013: $105,303Net Income 2013: -$2,5842013Revenue 2014: $106,133Expenses 2014: $101,738Net Income 2014: $4,3952014Revenue 2015: $105,210Expenses 2015: $101,861Net Income 2015: $3,3492015Revenue 2016: $96,345Expenses 2016: $97,900Net Income 2016: -$1,5552016Revenue 2017: $101,014Expenses 2017: $100,084Net Income 2017: $9302017Revenue 2018: $109,916Expenses 2018: $102,792Net Income 2018: $7,1242018Revenue 2019: $112,987Expenses 2019: $104,621Net Income 2019: $8,3662019Revenue 2020: $104,537Expenses 2020: $98,310Net Income 2020: $6,2272020Revenue 2021: $111,121Expenses 2021: $114,393Net Income 2021: -$3,2722021Revenue 2022: $117,938Expenses 2022: $132,231Net Income 2022: -$14,2932022Revenue 2023: $119,609Expenses 2023: $119,748Net Income 2023: -$1392023Revenue 2024: $128,764Expenses 2024: $114,802Net Income 2024: $13,9622024

Highlighted filing

2024

Revenue$128,764
Expenses$114,802
Net Income$13,962

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.39$1.86$1.29$1.15$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.14$0.52$1.62$1.20$1.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.67$1.62$1.18$1.32$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.70$1.76$1.11$1.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.66$0.86$1.80$1.05$0.98$0.06
2019Summary only. Only limited summary data is available for this year.$2.76$1.02$1.74$1.13$1.05$0.08
2018Summary only. Only limited summary data is available for this year.$2.83$1.18$1.66$1.10$1.03$0.07
2017Summary only. Only limited summary data is available for this year.$2.90$1.32$1.58$1.01$1.00$0.01
2016Summary only. Only limited summary data is available for this year.$3.04$1.46$1.57$0.96$0.98$0.02
2015Summary only. Only limited summary data is available for this year.$3.18$1.59$1.59$1.05$1.02$0.03
2014Summary only. Only limited summary data is available for this year.$3.30$1.74$1.56$1.06$1.02$0.04
2013Summary only. Only limited summary data is available for this year.$3.39$1.88$1.51$1.03$1.05$0.03
2012Summary only. Only limited summary data is available for this year.$3.54$2.00$1.54$1.02$1.00$0.02
2011Summary only. Only limited summary data is available for this year.$3.65$2.13$1.52$1.03$1.03$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$128,764
Mission and Program Overview

Mission

Provide 24 units of affordable housing for low-income elderly and disabled individuals in the city of galesville, wisconsin

Provide 24 units of affordable housing for low-income elderly and disabled individuals in the city of galesville wisconsin

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$116,054$108,070▼ $7,984
Land, Buildings, and Equipment, Net$87,246$69,817▼ $17,429
Cash and Non-Interest-Bearing Accounts$5,372$23,141▲ $17,769
Prepaid Expenses and Deferred Charges$3,509$22,401▲ $18,892
Accounts Receivable$1,376$1,279▼ $97
Total Assets$213,557$224,708▲ $11,151
Liabilities
Accounts Payable and Accrued Expenses$20,885$19,973▼ $912
Escrow Account Liability$10,435$10,615▲ $180
Mortgage Notes Payable Secured by Investment Property$20,334$8,411▼ $11,923
Deferred Revenue$10--
Total Liabilities$51,664$38,999▼ $12,665
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$161,893$185,709▲ $23,816
Total Net Assets Fund Balance$161,893$185,709▲ $23,816
Total Liabilities and Net Assets / Fund Balance$213,557$224,708▲ $11,151

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,283$580,234$611,517
Equipment$14,785$36,334$51,119
Other Land Buildings$8,768$39,193$47,961
Land$14,981-$14,981
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harold VaughnPresident
Daniel SmithVice-president
Don StonerDirector
Doreen EmersonDirector
Kevin EmersonDirector
La Vonne PetersonDirector
Mary StonerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$125,437
Investment Income
$186
Other Revenue
$3,141
Change in Net Assets
$13,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,849--$30,849
Fees for Services Management-$20,232-$20,232
Depreciation Depletion$17,429--$17,429
Fees for Services Other$14,634--$14,634
Insurance$3,792--$3,792
Office Expenses$2,580--$2,580
Other Expenses$434--$434
Interest-$157-$157
Advertising$90--$90
Total Functional Expenses$94,413$20,389$0$114,802
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The entity contracts with horizon management compnay to run the day to day operations of the entity's affordable housing apartment complex. The board of directors of galesville housing development corp meet quarterly and oversee the activities performed byt he management group.

Form 990, Part VI, Section A, Line 6

The entity has members with voting rights at the annual meeting. Members are either community members or local businesses that assist in overseeing the operations of the entity.

Form 990, Part VI, Section B, Line 11B

The 990 is presented for review by the board of directors prior to filing.

Form 990, Part VI, Section C, Line 19

Governing documents, conflicts of interest policy and financial statements are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
Galesville Housing Development Corp
EIN
39-1223662
Phone
6087842935
Address
224 SIXTH STREET NORTH PO BOX 282, LA CROSSE, WI 54602-2829
Doing Business As
Lakeview Court Apartments

Signing Officer

Name
Denise Loveland
Title
Management Agent
Phone
6087842935
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Loveland
Formed
1974
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Hawkins Ash Cpas Llp
Address
500 S SECOND STREET SUITE 200, LA CROSSE, WI 54601
Preparer
Brittany F Leonard
Phone
6087847737
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Site manager salaries: program service expenses 14,634. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,634.

FORM 990, PART XII, LINE 2C:

This process has not changed from prior year.

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits held

Raw XML Appendix357 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.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0116054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0108070
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt031283
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0580234
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0611517
IRS990ScheduleD/EquipmentGrp/BookValueAmt014785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036334
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051119
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt014981
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014981
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08768
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039193
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047961
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS HELD
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069817
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY CONTRACTS WITH HORIZON MANAGEMENT COMPNAY TO RUN THE DAY TO DAY OPERATIONS OF THE ENTITY'S AFFORDABLE HOUSING APARTMENT COMPLEX. THE BOARD OF DIRECTORS OF GALESVILLE HOUSING DEVELOPMENT CORP MEET QUARTERLY AND OVERSEE THE ACTIVITIES PERFORMED BYT HE MANAGEMENT GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTITY HAS MEMBERS WITH VOTING RIGHTS AT THE ANNUAL MEETING. MEMBERS ARE EITHER COMMUNITY MEMBERS OR LOCAL BUSINESSES THAT ASSIST IN OVERSEEING THE OPERATIONS OF THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PRESENTED FOR REVIEW BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SITE MANAGER SALARIES: PROGRAM SERVICE EXPENSES 14,634. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,634.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0213557
IRS990/TotalAssetsEOYAmt0224708
IRS990/TotalAssetsGrp/BOYAmt0213557
IRS990/TotalAssetsGrp/EOYAmt0224708
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020389
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094413
IRS990/TotalFunctionalExpensesGrp/TotalAmt0114802
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt051664
IRS990/TotalLiabilitiesEOYAmt038999
IRS990/TotalLiabilitiesGrp/BOYAmt051664
IRS990/TotalLiabilitiesGrp/EOYAmt038999
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0161893
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0185709
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt094413
IRS990/TotalProgramServiceRevenueAmt0125437
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0128578
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0128764
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0213557
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0224708
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0224 SIXTH STREET NORTH PO BOX 2829
IRS990/USAddress/CityNm0LA CROSSE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0546022829
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DENISE LOVELAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGEMENT AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06087842935
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GALESVILLE HOUSING DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0GALE
ReturnHeader/Filer/EIN0391223662
ReturnHeader/Filer/PhoneNum06087842935
ReturnHeader/Filer/USAddress/AddressLine1Txt0224 SIXTH STREET NORTH PO BOX 282
ReturnHeader/Filer/USAddress/CityNm0LA CROSSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0546022829
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390912608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAWKINS ASH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 S SECOND STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA CROSSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054601
ReturnHeader/PreparerPersonGrp/PhoneNum06087847737
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRITTANY F LEONARD
ReturnHeader/ReturnTs02025-11-13T11:53:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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