STORY COUNTY COMMUNITY HOUSING CORPORATION

EIN: 421472716 501(c)(3)

AMES, IA

Total Revenue
$116,782
Total Expenses
$121,291
Total Assets
$756,462
Net Assets
$454,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IA
Principal Officer
TED HUIATT
Phone
5152923676
Tax Period
2021-01-01 to 2021-12-31

STORY COUNTY COMMUNITY HOUSING CORPORATION, founded in 2006, is a small nonprofit that reported $117K in total revenue in fiscal year 2021. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $454K represent 47 months of operating reserves.

Mission

PROVIDE HOUSING TO FAMILIES WITH LOW INCOME BY (1) USING THE COMMUNITY LAND TRUST MODEL TO ASSIST LOW INCOME FAMILIES IN OWNING A HOME AND (2) RENTING HOUSING TO LOW INCOME FAMILIES

Program Service Accomplishments

Program 1
Expenses: $116,644 Revenue: $102,376

PROVIDED HOME OWNERSHIP OPPURTUNITY TO LOW TO MODERATE INCOME FAMILIES USING COMMUNITY LAND TRUST MODEL AND PROVIDED RENTAL HOUSING TO LOW INCOME FAMILIES

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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 (2021)

Revenue Breakdown

Contributions & Grants $14,308
Program Service Revenue $97,657
Investment Income $98
Other Revenue $4,719
TOTAL REVENUE $116,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $116,644
Other Expenses $121,291
TOTAL EXPENSES $121,291

Year-over-Year Comparison

2021 2020 Change
Revenue $116,782 $303,791 -0.6%
Expenses $121,291 $107,659 +0.1%
Net Income $-4,509 $196,132 -1.0%
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

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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
10
Independent Members
10
Employees
N/A
Volunteers
11

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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED HUIATT PRESIDENT 1.00
Officer Director
$0 $0 $0
TRISH STAUBLE SECRETARY 1.00
Director
$0 $0 $0
LINDA MUNDEN LESSEE REPRESENTATIVE 1.00
Director
$0 $0 $0
ANGIE SHIRK TEWES PUBLIC REPRESENTATIVE 1.00
Director
$0 $0 $0
JEFF HALL VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
CARL BERN LESSEE REPRESENTATIVE 1.00
Director
$0 $0 $0
JANE RONGERUDE LESSEE REPRESENTATIVE 1.00
Director
$0 $0 $0
CHUCK ABBOTT PUBLIC REPRESENTATIVE 1.00
Director
$0 $0 $0
MAX ROTHSCHILD GENERAL REPRESENTATIVE 1.00
Director
$0 $0 $0
DALE VANDERSCHAFF PUBLIC REPRESENTATIVE 1.00
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
2021 $116,782 $121,291 $756,462 $-4,509
2020 $303,791 $107,659 $776,533 $196,132
2019 $108,465 $113,230 $801,208 $-4,765
2018 $101,446 $102,602 $819,965 $-1,156
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