2025-09-04T12:48:35-07:00 2025-06-30 421042703 RFSW & Co CPAs PC 25 N Frederick Ave Oelwein IA 50662 990 2024-07-01 421487279 BUCHANAN HOUSING INC BUCH 3193100973 210 5TH AVE NE INDEPENDENCE IA 50644 GREG BECKER President 2025-09-04 true true Cecily M Corkery P02383852 3192831173 2024 2025-03-06 01:10:19Z 210 5TH AVE NE INDEPENDENCE IA 50644 149299 false X www.buchananhousinginc.org 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. 8 8 0 0 1055 1308 107249 128653 17398 19338 0 125702 149299 0 0 0 0 0 134838 131654 134838 131654 -9136 17645 637088 624423 215743 185433 421345 438990 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 131654 147991 THERE ARE THREE 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. 131654 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 8 8 false false false false false false false false false false false false false false false false false false MARSHA WICHMAN 3193100973 210 5TH AVE NE INDEPENDENCE IA 50644 X TAMMY FENNER Treasurer 0.00 0.00 X 0 0 0 DAWN VOGEL Chairman 0.00 0.00 X 0 0 0 SHERRI KAVALIER Vice President 0.00 0.00 X 0 0 0 GREG BECKER President 0.00 0.00 X 0 0 0 ANDREW ISLEY Chairman 0.00 0.00 X 0 0 0 JULIE DAVISON Secretary 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 1308 1308 SEVEN RENTAL DUPLEXES 531110 128653 128653 128653 19338 19338 0 0 0 0 0 0 0 0 149299 147991 0 0 0 0 0 0 0 0 0 0 8633 8633 0 1475 1475 0 0 0 125 125 0 0 0 0 50201 50201 0 0 0 12362 12362 0 48519 48519 7694 7694 APPLIANCES 1265 1265 SUPPLIES 986 986 OUTSIDE SERVICES 220 220 mileage 83 83 91 91 131654 131654 0 0 6185 22326 189072 208785 0 0 0 0 0 0 0 1234263 840951 441831 393312 0 0 0 0 0 637088 624423 215743 185433 215743 185433 X 421345 438990 421345 438990 637088 624423 17645 X false false false X 21555 2514 2147 1055 1308 28579 0 0 21555 2514 2147 1055 1308 28579 0 28579 5135 7966 13201 17398 19338 63038 0 0 91617 0.31190 0.38600 X 1234263 840951 393312 393312 Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public.