Hedrick Housing Inc

Nonprofit profile at a glance

EIN
421070989
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
North English, IA, USA
Phone
3196643002
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$136,641
Expenses
$141,544
Assets
$375,839
Liabilities
$306,726

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JOHN KIELKOPF (PRESIDENT)
  • MARK JACOBS (VICE PRESIDENT)

People named in this filing

  • JOHN KIELKOPF (PRESIDENT)
  • MARK JACOBS (VICE PRESIDENT)
  • BRYCE MILLIKIN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Affordable housing

What it reported doing in 2024

32 units elderly disabled income based housing

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 73.7%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -3.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 2.66; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 76.3% of revenue deployed · 73.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $104K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.