MID-IOWA HOUSING CORPORATION ATTN … - Form 990 Financial Data

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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

1994

Legal Domicile

Phone

5152254782

Tax Period

2023-10-01 to 2024-09-30

MID-IOWA HOUSING CORPORATION ATTN PEG DEBOER KEYWAY MGMT, founded in 1994, is a small nonprofit that reported $429K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $384K left a modest 10% surplus.

Mission

TO PROVIDE HOUSING SERVICES TO AREA RESIDENTS IN ORDER TO ENHANCE THE WELL-BEING OF INDIVIDUALS, FAMILIES, AND COMMUNITIES IN TAMA COUNTY.

Program Service Accomplishments

Program 1

Expenses: $335,605 Revenue: $150,966

PROVIDED RENTAL HOUSING AND RELATED FACILITIES TO ELIGIBLE OCCUPANTS (ELDERLY, HANDICAPPED, OR DISABLED AND LOW INCOME) AS DETERMINED BY THE U.S. DEPARTMENT OF AGRICULTURE'S RURAL DEVELOPMENT...

PROVIDED RENTAL HOUSING AND RELATED FACILITIES TO ELIGIBLE OCCUPANTS (ELDERLY, HANDICAPPED, OR DISABLED AND LOW INCOME) AS DETERMINED BY THE U.S. DEPARTMENT OF AGRICULTURE'S RURAL DEVELOPMENT REGULATIONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $277,110

Program Service Revenue $150,966

Investment Income $700

Other Revenue $0

TOTAL REVENUE $428,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,605

Other Expenses $384,376

TOTAL EXPENSES $384,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,776	$319,150	+0.3%
Expenses	$384,376	$371,845	+0.0%
Net Income	$44,400	$-52,695	-1.8%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOANNE HUSAK	VICE PRESIDENT	Officer Director	$0	$0	$0
KATHERINE OLLENDIECK	SECRETARY	Officer Director	$0	$0	$0
TAMMY WISE	PRESIDENT	Officer 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
2024	$428,776	$384,376	$431,812	$44,400
2023	$319,150	$371,845	$463,136	$-52,695
2022	$319,440	$332,371	$509,672	$-12,931
2021	$252,103	$286,772	$563,439	$-34,669
2020	$283,922	$273,209	$625,898	$10,713
2019	$271,237	$282,731	$652,519	$-11,494

MID-IOWA HOUSING CORPORATION ATTN PEG DEBOER KEYWAY MGMT