GREAT RIVER HOUSING INC

EIN: 262481864 501(c)(3) Housing & Shelter

WEST BURLINGTON, IA

Total Revenue
$973,096
Total Expenses
$796,034
Total Assets
$1,074,473
Net Assets
$1,012,265
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IA
Principal Officer
MIKE NORRIS
Phone
3197535107
Tax Period
2023-07-01 to 2024-06-30

GREAT RIVER HOUSING INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $973K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 18% operating margin.

Mission

DISBURSEMENT OF LHTF & FHLB PROGRAM FUNDS TO ELGIBLE INDIVIDUALS IN ACCORDANCE WITH THE NEW LHTF PROGRAM DISBURSEMENT POLICY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $677,709
Program Service Revenue $290,218
Investment Income $5,169
Other Revenue $0
TOTAL REVENUE $973,096

Expense Breakdown

Grants Paid $583,123
Salaries & Benefits $41,479
Fundraising Expenses $0
Program Expenses $598,140
Other Expenses $171,432
TOTAL EXPENSES $796,034

Year-over-Year Comparison

2023 2022 Change
Revenue $973,096 $744,624 +0.3%
Expenses $796,034 $776,297 +0.0%
Net Income $177,062 $-31,673 -6.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA ANDON TREASURER N/A
Officer Director
$0 $0 $0
PAM BROOMHALL COMMITTEE ME N/A
Director
$0 $0 $0
DENNIS FRAISE COMMITTEE ME N/A
Director
$0 $0 $0
SUE FRICE SECRETARY N/A
Officer Director
$0 $0 $0
BRAD GRIMM COMMITTEE ME N/A
Director
$0 $0 $0
JASON HUTCHESON COMMITTEE ME N/A
Director
$0 $0 $0
RACHEL LINDEEN COMMITTEE ME N/A
Director
$0 $0 $0
GREG MOELLER COMMITTEE ME N/A
Director
$0 $0 $0
BRENT SCHLEISMAN CHAIRMAN N/A
Officer Director
$0 $0 $0
HANS TROUSIL VICE CHAIRMA N/A
Officer Director
$0 $0 $0
ANDREW WIESE COMMITTEE ME N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $973,096 $796,034 $1,074,473 $177,062
2023 $744,624 $776,297 $648,871 $-31,673
2022 $573,205 $549,340 $493,298 $23,865
2021 $590,120 $403,150 $487,430 $186,970
2020 $475,075 $484,647 $299,413 $-9,572
2019 $270,211 $523,785 $276,848 $-253,574
2018 $386,379 $315,551 $557,178 $70,828
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