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Southern Iowa Cog Housing Trust Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010838477 ✦ Creston, IA ✦ Designated as a 501(c)(3)

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Overview

What is Southern Iowa Cog Housing Trust Fund Inc?

Southern Iowa Cog Housing Trust Fund Inc is a nonprofit organization situated in Creston, Iowa. Their primary mission is to ensure safe and affordable housing for the residents of an eight-county region. Throughout the year, they distribute grants to both individuals and organizations to facilitate this goal. The organization's activities are centered around providing housing solutions for low and moderate-income residents, contributing positively to their local community.


Official website here: www.sicog/affiliates/sicoghtf

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Star rating).

Southern Iowa Cog Housing Trust Fund Inc demonstrates a strong commitment to accountability and finance, achieving an excellent score that reflects its responsible management practices. With a perfect score in several key areas, such as having a fully independent board and no material diversion of assets, the organization showcases a high level of transparency and governance.

The charity also excels in its financial ratios, with a program expense ratio of 91.50%, indicating that a significant portion of its funds is directed towards its mission rather than administrative costs. This focus on effective resource allocation highlights its dedication to making a meaningful impact in the community it serves.

While the data indicates strong organizational practices, there are no specific limitations mentioned in the available information. Overall, Southern Iowa Cog Housing Trust Fund Inc stands out as a highly rated nonprofit, reflecting a commitment to ethical stewardship and operational excellence.


This AI summary has been generated from information found on Charity Navigator.

Is Southern Iowa Cog Housing Trust Fund Inc legitimate?

Southern Iowa Cog Housing Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Iowa Cog Housing Trust Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sicog/affiliates/sicoghtf

What is the mission statement of Southern Iowa Cog Housing Trust Fund Inc?

The Southern Iowa Cog Housing Trust Fund Inc's mission is centered around providing safe and affordable housing for individuals and organizations within a eight-county region. This mission is executed through the granting of funds, aiming to ensure that residents in this area have access to suitable housing options that cater to their financial needs. The organization's primary goal is to enhance the living conditions of its residents by making housing more affordable. Throughout the year, the fund actively works towards achieving this mission, providing grants to individuals and organizations within the region.


Official website here: www.sicog/affiliates/sicoghtf

Who is the CEO of Southern Iowa Cog Housing Trust Fund Inc?

Jerry Walker is the Executive Director of Southern Iowa Cog Housing Trust Fund Inc.


Official website here: www.sicog/affiliates/sicoghtf

What is the revenue of Southern Iowa Cog Housing Trust Fund Inc?

Southern Iowa Cog Housing Trust Fund Inc's revenue in 2022 was $183,857.


Official website here: www.sicog/affiliates/sicoghtf

Who are the executives of Southern Iowa Cog Housing Trust Fund Inc and what are their salaries?


Here are 9 key members and their salaries:


Beth Waddle (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Kimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Seddon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Riley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Walker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Zabel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Fitch (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Lesan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sicog/affiliates/sicoghtf

Where can I find the form 990 for Southern Iowa Cog Housing Trust Fund Inc?

Southern Iowa Cog Housing Trust Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sicog/affiliates/sicoghtf

Learn more at the official website: www.sicog/affiliates/sicoghtf

Mission Statement of Southern Iowa Cog Housing Trust Fund Inc

Southern Iowa Cog Housing Trust Fund Inc is dedicated to providing safe and affordable housing solutions for individuals and organizations within its eight-county region, ensuring that low and moderate income residents have access to suitable living spaces. The nonprofit's primary mission is to contribute to the well-being of its community by allocating grants to facilitate the development of affordable housing options. By doing so, Southern Iowa Cog Housing Trust Fund Inc helps improve the living conditions of its residents and contributes to a more inclusive and equitable society.

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Impact




October, 2024

Southern Iowa Cog Housing Trust Fund Inc significantly enhances the quality of life for low and moderate-income residents in an eight-county region. By providing grants to individuals and organizations, it facilitates the development and preservation of safe and affordable housing. This initiative not only addresses the immediate need for shelter but also fosters community stability, allowing residents to thrive in a secure environment. The impact of this trust extends beyond housing; it promotes economic growth and social well-being, creating a stronger community foundation for all residents in the Creston area and its surroundings.




This information is meant to be a general summary of Southern Iowa Cog Housing Trust Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$183,857 (2022)
Expenses
$261,300 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,072
  • Program Service Revenue: $13,110
  • Gross Receipts: $183,857

Assets and Liabilities:

  • Total Assets: $1,434,526
  • Total Liabilities: $38,879
  • Net Assets: $1,395,647

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$13,110

Organization Details

Founding Year

2007

Principal Officer

Jerry Walker

Main Address

101 E MONTGOMERY ST, CRESTON, IA, 50801

NTEE Category

Code: L80 - Housing

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