Western Iowa Housing Corporation
EIN: 260078223 · Council Bluffs, IA · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $109K |
| Net Assets | $-398,372 |
Is Western Iowa Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Western Iowa Housing Corporation
Western Iowa Housing Corporation (EIN: 260078223) is a nonprofit organization based in Council Bluffs, IA, classified under NTEE code L22. The organization reported total revenue of $63K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Iowa Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western Iowa Housing Corporation is a micro nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $109K |
| Surplus / Deficit | $-15,895 |
| Total Assets | $1.1M |
| Total Liabilities | $1.5M |
| Net Assets | $-398,372 |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 137.7% |
| Months of Reserves | 116.9 months |
Financial Health Grade: C
In 2023, Western Iowa Housing Corporation reported a deficit of $16K with expenses exceeding revenue, holds 116.9 months of operating reserves (strong position), has a debt-to-asset ratio of 137.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Western Iowa Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | -7.5% | -4.2% |
| 2022 | -1.4% | +15.2% | -2.7% |
| 2021 | -1.2% | +6.7% | -1.0% |
| 2020 | +24.9% | +0.0% | -9.8% |
| 2019 | -15.9% | -3.1% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Western Iowa Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Western Iowa Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 137.7%.
Frequently Asked Questions about Western Iowa Housing Corporation
Is Western Iowa Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Western Iowa Housing Corporation (EIN: 260078223) insufficient data. 0 red flags identified, 0 strengths noted.
How does Western Iowa Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for Western Iowa Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to Western Iowa Housing Corporation tax-deductible?
Western Iowa Housing Corporation is registered as a tax-exempt nonprofit (EIN: 260078223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Western Iowa Housing Corporation located?
Western Iowa Housing Corporation is headquartered in Council Bluffs, Iowa and files with the IRS under EIN 260078223. It is classified under NTEE code L22.
How many years of IRS 990 filings does Western Iowa Housing Corporation have?
Western Iowa Housing Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $63K in total revenue.
Filing History
IRS 990 filing history for Western Iowa Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Western Iowa Housing Corporation's revenue has grown by 137.6%, moving from $39K to $93K. Total assets decreased by 25.5% over the same period, from $1.4M to $1.1M. Total functional expenses rose by 26%, from $86K to $109K. In its most recent filing year (2023), Western Iowa Housing Corporation reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.1M in assets (debt-to-asset ratio: 137.7%), resulting in net assets of $-398,372.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $109K | $1.1M | $1.5M | — | — |
| 2022 | $78K | $117K | $1.1M | $1.5M | — | — |
| 2021 | $79K | $102K | $1.1M | $1.5M | — | — |
| 2020 | $80K | $95K | $1.1M | $1.5M | — | View 990 |
| 2019 | $64K | $95K | $1.3M | $1.6M | — | View 990 |
| 2018 | $76K | $99K | $1.3M | $1.6M | — | View 990 |
| 2017 | $76K | $93K | $1.3M | $1.6M | — | View 990 |
| 2016 | $69K | $81K | $1.3M | $1.6M | — | View 990 |
| 2015 | $41K | $84K | $1.3M | $1.5M | — | View 990 |
| 2014 | $40K | $92K | $1.3M | $1.5M | — | View 990 |
| 2013 | $41K | $80K | $1.3M | $1.5M | — | View 990 |
| 2012 | $43K | $77K | $1.4M | $1.5M | — | View 990 |
| 2011 | $45K | $89K | $1.4M | $1.5M | — | View 990 |
| 2010 | $39K | $86K | $1.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $109K, and assets of $1.1M (revenue +18.8% year-over-year).
- 2022: Revenue of $78K, expenses of $117K, and assets of $1.1M (revenue -1.4% year-over-year).
- 2021: Revenue of $79K, expenses of $102K, and assets of $1.1M (revenue -1.2% year-over-year).
- 2020: Revenue of $80K, expenses of $95K, and assets of $1.1M (revenue +24.9% year-over-year).
- 2019: Revenue of $64K, expenses of $95K, and assets of $1.3M (revenue -15.9% year-over-year).
- 2018: Revenue of $76K, expenses of $99K, and assets of $1.3M (revenue +0.0% year-over-year).
- 2017: Revenue of $76K, expenses of $93K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2016: Revenue of $69K, expenses of $81K, and assets of $1.3M (revenue +69.7% year-over-year).
- 2015: Revenue of $41K, expenses of $84K, and assets of $1.3M (revenue +1.6% year-over-year).
- 2014: Revenue of $40K, expenses of $92K, and assets of $1.3M (revenue -1.6% year-over-year).
- 2013: Revenue of $41K, expenses of $80K, and assets of $1.3M (revenue -5.1% year-over-year).
- 2012: Revenue of $43K, expenses of $77K, and assets of $1.4M (revenue -5.2% year-over-year).
- 2011: Revenue of $45K, expenses of $89K, and assets of $1.4M (revenue +16.4% year-over-year).
- 2010: Revenue of $39K, expenses of $86K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western Iowa Housing Corporation:
Data Sources and Methodology
This transparency report for Western Iowa Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.