Civic Intelligence

North Iowa Corridor Housing Development Corporation

EIN 87-4542830 • Mason City, IA

RevokedPub. 78 Eligible

Profile

Driving housing growth in north iowa through strategic site identification, collaborative planning and strong connections with developers.

Revocation date: Nov 15, 2024

9 North Federal AveMason City, IA 50401

n/A

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

100th percentile

114%

Higher net margin than 100% of similar nonprofits.

$500k-$1M nonprofits • Source year 2025

Top Officer Pay

58th percentile

$0

Higher top officer pay than 58% of similar nonprofits.

$500k-$1M nonprofits • Source year 2025

Asset Growth

Score unavailable

No value available

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

Source year 2025

Revenue Growth

Score unavailable

No value available

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

Source year 2025

Balance Sheet
Liabilities / Assets43rd percentile

Assets

$563,524

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$563,524

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

-$61,173

No earlier filing loaded for comparison.

Expenses

$8,537

No earlier filing loaded for comparison.

Net Income

-$69,710

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2025: $563,524Liabilities 2025: $0Net Assets 2025: $563,5242025

Highlighted filing

2025

Assets$563,524
Liabilities$0
Net Assets$563,524
Open 2025 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20K$0-$20K-$40K-$60K-$80KRevenue 2025: -$61,173Expenses 2025: $8,537Net Income 2025: -$69,7102025

Highlighted filing

2025

Revenue-$61,173
Expenses$8,537
Net Income-$69,710
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$563,524
Liabilities
$0
Net assets
$563,524
Revenue
-$61,173
Expenses
$8,537
Net income
-$69,710
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.64$0.00$5.64$0.61$0.09$0.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 25, 2026
Return Version
2024v5.0
Gross Receipts
$129,845
Mission and Program Overview

Mission

Driving housing growth in north iowa through strategic site identification, collaborative planning and strong connections with developers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$248,000$556,503▲ $308,503
Cash and Non-Interest-Bearing Accounts$200,781$7,021▼ $193,760
Total Assets$448,781$563,524▲ $114,743
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$448,781$563,524▲ $114,743
Total Net Assets Fund Balance$448,781$563,524▲ $114,743
Total Liabilities and Net Assets / Fund Balance$448,781$563,524▲ $114,743
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Aaron BurnettPresident
Melissa SchonebergDirector
Mrytle NelsonSecretary
Tom MeyerTreasurer
Scott FloryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$29,845
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-91,018
Change in Net Assets
$-69,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,537
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
Insurance$2,677$2,677-$5,354
Other Expenses$608$609-$1,217
Advertising$500$500-$1,000
Fees for Services Accounting$177$178-$355
Office Expenses$162$163-$325
Conferences and Meetings$100$100-$200
Interest$43$43-$86
Total Functional Expenses$4,267$4,270$0$8,537
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is provided to each board member and also available at the main office prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is written and documented in organizational documents.”

Form 990, Page 6, Part VI, Line 19

“Financial statements, policies and form 990 filings are held at the organizations office and made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
North Iowa Corridor Housing
EIN
87-4542830
Phone
6414230315
Address
9 NORTH FEDERAL AVE, MASON CITY, IA 50401

Signing Officer

Name
Aaron Burnett
Title
President
Phone
6414230315
Signed
2026-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Burnett
Formed
2022
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Harrison & Associates Cpas Pllc
Address
4700 4TH ST SW STE A, MASON CITY, IA 50401
Preparer
Daniel Henaman
Phone
6412437400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Prior yeary expensed inventory cip additions 184,453”

Raw XML Appendix294 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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ReturnHeader/ReturnTs02026-04-03T18:07:11-04:00
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ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.