2022-09-14T07:43:39-07:00 2022-06-30 421042703 RFSW & Co CPAs PC 14 East Charles St Oelwein IA 50662 990 2021-07-01 421487279 BUCHANAN HOUSING INC BUCH 3193343719 320 1ST STREET EAST INDEPENDENCE IA 50644 GREG BECKER Vice President 2022-09-14 true GREG BECKER 999009999 Cecily M Corkery P02383852 3192831173 2 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z 320 1ST STREET EAST INDEPENDENCE IA 50644 122164 false X N/A X IA TO PROVIDE LOW COST HOUSING FOR PEOPLE WITH MENTAL DISABILITIES. THE AGENCY OWNS THREE DUPLEXES IN INDEPENDENCE, IOWA, ONE DUPLEX IN WINTHROP, IOWA, ONE DUPLEX IN JESUP, IOWA, AND ONE DUPLEX IN FAIRBANK, IOWA. EACH DUPLEX HAS TWO APARTMENTS AND EACH APARTMENT HAS TWO BEDROOMS. 6 0 0 0 21555 2514 113192 111684 5135 7966 0 139882 122164 0 0 0 0 0 124618 134631 124618 134631 15264 -12467 773950 713750 302051 273383 471899 440367 TO PROVIDE LOW COST HOUSING FOR PEOPLE WITH MENTAL DISABILITIES. THE AGENCY OWNS THREE DUPLEXES IN INDEPENDENCE, IOWA, ONE DUPLEX IN WINTHROP, IOWA, ONE DUPLEX IN JESUP, IOWA, AND ONE DUPLEX IN FAIRBANK, IOWA. EACH DUPLEX HAS TWO APARTMENTS AND EACH APARTMENT HAS TWO BEDROOMS. false false 134631 119650 THERE ARE FOUR DUPLEXES IN INDEPENDENCE, IOWA WHICH HOUSE A TOTAL OF 12 TENANTS. ONE DUPLEX IN WINTHROP, IOWA HOUSES 4 TENANTS, A DUPLEX IN JESUP, IOWA HOUSES 4 TENANTS, AND ANOTHER DUPLEX IN FAIRBANK, IOWA HOUSES 4 TENANTS. ALL OF THE DUPLEXES EXCEPT THE FAIRBANK, IOWA DUPLEX AND ONE INDEPENDENCE, IOWA DUPLEX WERE BUILT WITH LOANS FROM THE USDA, AND THE LOANS ARE PAYABLE FROM TENANT'S RENTAL INCOME. THE FAIRBANK, IOWA DUPLEX WAS BUILT WITH EXISTING CASH BALANCES AND A LOAN FROM FAIRBANK STATE BANK. THE INDEPENDENCE, IOWA DUPLEX PURCHASED IN 2011 WAS PAID FOR WITH EXISTING CASH BALANCES, GRANTS, AND A LOAN FROM BANKIOWA WHICH IS A LOCAL FINANCIAL INSTITUTION. EACH TENANT RECEIVES HUD ASSISTANCE WHICH HELPS PAY THEIR PORTION OF THE RENT. THE APARTMENTS ARE CURRENTLY BEING RENTED BY TENANTS WHO HAVE BEEN DIAGNOSED AS HAVING A MENTAL DISABILITY. THE COUNTY MENTAL HEALTH ADVOCATE PERFORMS SCREENINGS OF THE INDIVIDUALS WHO WOULD QUALIFY FOR THE HOUSING AND MAKES REFERENCES TO THE ORGANIZATION FOR POTENTIAL TENANTS WHO HAVE A MENTAL IMPAIRMENT. THIS HOUSING IS AN ALTERNATIVE TO A GROUP HOME SETTING FOR THE INDIVIDUALS. THEY HAVE MORE FREEDOM AND CAN CHOOSE SERVICES THAT BETTER MEET THEIR INDIVIDUAL NEEDS.THE EXPENSES ASSOCIATED WITH THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION ARE MAINLY DUE TO INTEREST EXPENSE ON THE USDA AND BANK LOANS, DEPRECIATION EXPENSE OF THE DUPLEXES, AND OCCUPANCY EXPENSES (INCLUDING MAINTENANCE, UPKEEP, AND UTILITIES) FOR THE DUPLEXES. 134631 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 6 0 false false false false false false false false false false false false false false false false false false DENIS OLSEN 3193347110 302 1ST STREET E INDEPENDENCE IA 50644 X GREG BECKER President 0.00 0.00 X 0 0 0 ANNA MARIE CATT Secretary 0.00 0.00 X 0 0 0 JULIE DAVISON Treasurer 0.00 0.00 X 0 0 0 NANCY MURPHY Vice President 0.00 0.00 X 0 0 0 RALPH KREMER Chairman 0.00 0.00 X 0 0 0 PAT KAYSER Vice President 0.00 0.00 X 0 0 0 0 false false false 0 2514 2514 SEVEN RENTAL DUPLEXES 531110 111684 111684 111684 7966 7966 0 0 0 0 0 0 0 0 122164 119650 0 0 0 0 0 0 0 0 0 0 7228 7228 0 1140 1140 0 0 0 65 65 0 246 246 0 0 53489 53489 0 0 0 13783 13783 0 47781 47781 7912 7912 SUPPLIES 1406 1406 OUTSIDE SERVICES 931 931 MISCELLANEOUS 650 650 0 134631 134631 0 0 44197 31269 167386 158531 0 0 0 0 0 0 0 1220007 696057 562367 523950 0 0 0 0 0 773950 713750 300851 273383 1200 302051 273383 X 471899 440367 471899 440367 773950 713750 -12467 -19065 X false false false X 3582 4753 3575 21555 2514 35979 0 0 3582 4753 3575 21555 2514 35979 0 35979 5665 6823 5357 5135 7966 30946 0 0 66925 0.53760 0.65220 X 1220007 696057 523950 523950 Form 990, Part VI, Line 11b: Form 990 Review Process No review was or will be conducted. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents available to the public.