2024-09-23T10:36:23-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 421462996 HOMEWARD INC HOME 7127929914 1009 E ANTHONY ST PO BOX 768 CARROLL IA 51401 TIM MARIENAU PRESIDENT 7127929914 2024-09-16 1 0 KATHERINE LUTZKE CPA P01760889 5072802300 2024-09-16 2023 2024-08-08 14:25:15Z X TIM MARIENAU 1009 E ANTHONY ST PO BOX 768 CARROLL IA 51401 59634 0 X WWW.HOMEWARDIOWA.COM X 1996 IA TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA. 8 8 0 8 0 0 553168 0 28794 22071 17214 37563 0 0 599176 59634 0 0 0 0 0 0 0 0 0 565695 113990 565695 113990 33481 -54356 2376665 2322760 22792 23243 2353873 2299517 X TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA. 1 1 112056 0 22071 TO PROVIDE FINANCIAL ASSISTANCE FOR RESIDENTIAL AND GENERAL ECONOMIC DEVELOPMENT IN RURAL IOWA COMMUNITIES. SUCH ASSISTANCE HAS CONSISTED OF PROVIDING ADDITIONAL SHORT-TERM LENDING FOR RESIDENTIAL HOME PURCHASES AND AIDING IN THE BUILDING AND DEVELOPMENT OF SPECULATIVE HOUSING FOR THE PURPOSE OF PROMOTING RURAL ECONOMIC DEVELOPMENT. 112056 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X REGION XII COG 7127929914 1009 EAST ANTHONY ST PO BOX 768 CARROLL IA 51401 X TIM MARIENAU PRESIDENT 2.00 X X 0 0 0 CRAIG CODNER VICE PRESIDENT 1.00 X X 0 0 0 JIM GOSSETT SECRETARY 1.00 X X 0 0 0 MIKE GEERDES ASSISTANT SECRETARY 2.00 X X 0 0 0 GARRETT THOMPSON TREASURER 1.50 X X 0 0 0 JON LEERAR DIRECTOR 1.00 X 0 0 0 WILLIAM MCKIM DIRECTOR 1.00 X 0 0 0 KEATON HILDRETH DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST 531390 22071 22071 22071 37563 37563 59634 22071 0 37563 OUTSIDE SERVICES 56431 54497 1934 HTF GRANT EXPENSES 56359 56359 PROV FOR LOAN LOSSES 1200 1200 113990 112056 1934 0 1674130 864769 700334 429304 365 2319 1026368 1836 0 2376665 2322760 16553 2279 6239 20964 22792 23243 X 0 0 0 0 2353873 2299517 2353873 2299517 2376665 2322760 -54356 0 X 0 1 X 1 0 0 LSB - CERTIFICATE OF DEPOSIT 1026368 C 1026368 X 59634 0 59634 0 59634 113990 0 113990 0 113990 PART X, LINE 2: THE COMPANY IS ORGANIZED UNDER THE IOWA NONPROFIT CORPORATION ACT AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C) (4) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2023 AND 2022. THE COMPANY EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. FORM 990, PART III, LINE 2 HOMEWARD HAS CHANGED THEIR FOCUS AND WILL PROVIDE LOANS TO ASSIST WITH THE CONSTRUCTION OF HOUSING IN COMMUNITIES WITH LESS THAN 20,000 IN POPULATION.. FORM 990, PART III, LINE 3 HOMEWARD WILL NO LONGER PROVIDE GRANTS OR LOANS FOR HOUSING REHABILITATION, MINOR REPAIR OR DOWN PAYMENT ASSISTANCE. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS COMPRISED OF A SINGLE CLASS OF MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CORPORATION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. THE CORPORATION HAS A STRICT POLICY LIMITING ONE VOTE TO EACH MEMBER. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS AND ARTICLES OF INCORPORATION) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL PERSONS ASSOCIATED WITH HOMEWARD FILL OUT CONFLICT OF INTEREST FORMS ANNUALLY. DIRECTORS WOULD ABSTAIN FROM VOTING ON ANY DECISIONS INVOLVING A CONFLICT OF INTEREST. PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST WOULD BE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE PUBLIC. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC TIM MARIENAU - 2099 HIGHWAY 3, CLARION, IA 50525. CRAIG CODNER - PO BOX 98, ALLISON, IA 50602. JIM GOSSETT - 28725 HIGHWAY 30, GLIDDEN, IA 51443. MIKE GEERDES - 303 NORTH PARK AVE., GRUNDY CENTER, IA 50638. GARRETT THOMPSON - 1560 HIGHWAY 65, HAMPTON, IA 50441. JON LEERAR - 216 JACKSON ST., THOMPSON, IA 50478. WILLIAM MCKIM - 1005 EAST LINCOLN WAY, JEFFERSON, IA 50129. KEATON HILDRETH - 1015 TONAWANDA, ROCKWELL CITY, IA 50579.