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TO DEVELOP HOUSING FOR LOW AND MODERATE-INCOME PERSONS AND TO ENGAGE IN ECONOMIC DEVELOPMENT PROJECTS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$6.2M
Program Spending
78%
of total expenses go to program services
Total Contributions
$3.7M
Total Expenses
▼$3.8M
Total Assets
$25.6M
Total Liabilities
▼$15.9M
Net Assets
$9.6M
Officer Compensation
→$117K
Other Salaries
$796.3K
Investment Income
-$278.2K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.7M
Awards Found
3
Department of Housing and Urban Development
$1.5M
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Department of Agriculture
$99K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Department of Agriculture
$74K
RBDG RURAL BUSINESS COOP RURAL ENTERPRISE GRANT
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
6
Clean Audits
1
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Material Weakness | Unmodified (Clean) | $6.4M | No | 2025-09-30 |
| 2023 | Material Weakness | Unmodified (Clean) | $4.4M | No | 2024-09-27 |
| 2022 | Material Weakness | Unmodified (Clean) | $5.1M | No | 2024-04-04 |
| 2021 | Material Weakness | Unmodified (Clean) | $6.6M | No | 2024-04-04 |
| 2020 | Minor Findings | Unmodified (Clean) | $2.1M | No | 2023-02-01 |
| 2019 | Clean | Unmodified (Clean) | $3.7M | Yes | 2021-04-18 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.7M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $6.2M | $3.7M | $3.8M | $25.6M | $9.6M |
| 2023IRS e-File | $4.2M | $1.8M | $2.9M | $23.2M | $7.9M |
| 2022 | $4.1M | $1.7M | $2.7M | $20.6M | $6.7M |
| 2021 | $4M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Richard Kisner | Executive Director | 37.5 | $108.7K | $0 | $8,315 | $117K |
| Steve Endress | Vice President | 1 | $0 | $0 | $0 | $0 |
| Sandra Schwab | Secretary | 1 | $0 | $0 | $0 | $0 |
| Darrell Frederick | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Elizabeth Masich | President | 1 | $0 | $0 | $0 | $0 |
Richard Kisner
Executive Director
$117K
Hrs/Wk
37.5
Compensation
$108.7K
Related Orgs
$0
Other
$8,315
Steve Endress
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sandra Schwab
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Darrell Frederick
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Elizabeth Masich
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Heather Feldhaus | Member | 1 | $0 | $0 | $0 | $0 |
| Kathleen Lynn | Member | 1 | $0 | $0 | $0 | $0 |
Heather Feldhaus
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Lynn
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $914.8K |
| $2.9M |
| $19.3M |
| $2.9M |
| 2020 | $2.5M | $386.9K | $2.4M | $3.6M | $905.4K |
| 2019 | $2M | $153K | $1.8M | $13M | $850.5K |
| 2018 | $1.5M | $185.7K | $1.4M | $5.9M | $627.1K |
| 2017 | $1.9M | $363.8K | $1.4M | $5.5M | $586.4K |
| 2011 | $293K | $159.7K | $435K | $1.5M | $367K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2011 | 990 | Data |