Greater Cedar Rapids Housing & Building Association
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Greater Cedar Rapids Housing & Building Association is a 501(c)(6) organization based in Hiawatha, Iowa, registered in 1980, with $436,479 in FY2024 revenue. CharityIndex grades it B.
350 Miller Rd Ste 1, Hiawatha, IA, 52233 EIN 42-1016172 Since 1980
Revenue (FY2024)
$436K
▲ 9.5% vs prior year
Expenses (FY2024)
$427K
Net assets
$536K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Greater Cedar Rapids Housing & Building Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greater Cedar Rapids Housing & Building Association: 15 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Greater Cedar Rapids Housing & Building Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greater Cedar Rapids Housing & Building Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $321K (FY2013) to $436K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $95KNet assets $536K
Operating margin
2.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$631K
Total liabilities
$95K
Net assets
$536K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $436,479▲9.5% | $426,514▲7.7% | $536,113▲1.9% | $631,028▼3.3% | 990 |
| 2023 | $398,582▲2.1% | $396,197▲5.7% | $526,148▲0.5% | $652,686▼0.3% | 990 |
| 2022 | $390,302▼27.4% | $374,854▲11.6% | $523,763▲3.0% | $654,406▼1.5% | 990 |
| 2021 | $537,933▲134% | $335,978▲29.6% | $508,315▲65.9% | $664,556▲46.7% | 990 |
| 2020 | $229,695▼33.4% | $259,244▼17.0% | $306,360▼8.8% | $452,893▲12.1% | 990 |
| 2019 | $345,003▼3.1% | $312,496▼1.8% | $335,819▲10.7% | $404,120▲13.5% | 990 |
| 2018 | $356,137▲3.7% | $318,186▲6.8% | $303,312▲14.2% | $355,923▲4.1% | 990 |
| 2017 | $343,417▲4.5% | $297,998▲1.6% | $265,527▲43.3% | $341,756▼1.7% | 990 |
| 2015 | $328,493▼0.8% | $293,318▼11.7% | $185,332▲23.4% | $347,570▼2.0% | 990 |
| 2014 | $331,287▲3.3% | $332,273▲6.7% | $150,157▼0.7% | $354,499▼15.7% | 990 |
| 2013 | $320,754 | $311,429▲5.8% | $151,143▲6.6% | $420,679▼1.2% | 990 |
| 2012 | — | $294,464 | $141,818 | $425,754 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Greater Cedar Rapids Housing & Building Association a legitimate nonprofit?
- Yes. Greater Cedar Rapids Housing & Building Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 42-1016172, based in Hiawatha, Iowa.
- What is Greater Cedar Rapids Housing & Building Association's EIN?
- Greater Cedar Rapids Housing & Building Association's Employer Identification Number (EIN) is 42-1016172.
- How much revenue does Greater Cedar Rapids Housing & Building Association report?
- Greater Cedar Rapids Housing & Building Association reported $436,479 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Greater Cedar Rapids Housing & Building Association have?
- CharityIndex grades Greater Cedar Rapids Housing & Building Association B, based on financial health (reserves and operating margin).
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Data for Greater Cedar Rapids Housing & Building Association (EIN 42-1016172) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.