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Nonprofit · EIN 20-8640691

AFFORDABLE HOUSING NETWORK INC

Tax-exempt · CEDAR RAPIDS, IA 52404

Financials

$8.7M$5.2M2022$6.5M$5.2M2023$4.2M$5.4M2024
Revenue Expenses · by fiscal year end
Financials of AFFORDABLE HOUSING NETWORK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,209,544$5,355,342-$1,145,798$21,028,359$10,092,407$10,935,952
June 30, 2024990$6,511,227$5,203,226$1,308,001$20,832,758$9,007,425$11,825,333
June 30, 2023990$8,670,979$5,226,063$3,444,916$18,568,829$8,996,541$9,572,288
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$823,212
of which government grants
$728,212
Program service revenue
$3,406,242
Investment income
-$159,910
Net gain from sales of assets
-$160,346
Other revenue
$140,000

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$90,159
Other salaries and wages
$712,689
Salaries, compensation and benefits (total)
$1,015,250
Professional fundraising fees
$0
Legal fees
$58,747
Accounting fees
$36,688
Occupancy
$675,106
Travel
$71,058
Depreciation
$1,061,248
Program services (functional)
$4,823,990
Management and general (functional)
$531,352

Balance sheet and other

Total assets, start of year
$20,832,758
Total assets, end of year
$21,028,359
Total liabilities, end of year
$10,092,407
Net assets, end of year
$10,935,952
Land, buildings and equipment
$19,720,556
Net assets without donor restrictions
$10,840,952
Net assets with donor restrictions
$95,000
Gross receipts
$4,424,285
Employees
24
Volunteers
26

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARY BETH O'NEILLPRESIDENT/CE
Officer
5$0$262,463$8,974
STEVE SCHURINGCFO
Officer
5$0$164,620$7,407
JODI BAKERCONTROLLER
Officer
5$0$136,331$9,089
DANIELLE ROCCAADIMIN OFFIC
Officer
5$0$136,797$4,088
JENNIFER ROYERVP OF OPERAT
Officer
5$0$135,231$4,235
RENEE HAWKINPROGRAM OFFI
Officer
5$0$132,534$2,769
MIKE MITCHELLPROGRAM OFFI
Officer
5$0$116,474$9,813
KARY RAYFACILITIES D
Officer
5$0$118,482$3,625
RUSS SVENDSENIT DIRECTOR
Officer
5$0$113,424$2,925
RONDA WELPERHR DIRECTOR
Officer
5$0$103,909$3,340
DANIELLE RODRIGUEZPROGRAM DIRE
Officer
50$46,741$0$5,086
ANNE GRUENWALD RESIGNEDFORMER PRESI
Officer
0$0$51,460$0
RICHARD ALLENDIRECTOR
Trustee or director
2$0$0$0
LYDIA BROWNCHAIR
Trustee or director, Officer
2$0$0$0
JIM CHOATETREASURER
Trustee or director, Officer
2$0$0$0
6 more people on this return
NameTitleHours / weekCompensation
NANCY HILL DAVISVICE CHAIR
Trustee or director, Officer
2$0
EMILY FLOWERGARDENDIRECTOR
Trustee or director
2$0
KARL HOFFMANSECRETARY
Trustee or director, Officer
2$0
JERRY HUNTDIRECTOR
Trustee or director
2$0
TRAVIS KOLDERDIRECTOR
Trustee or director
2$0
HUNTER SKOGMANDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARY BETH O'NEILLPRESIDENT/CE
Officer
5$0$253,606$12,971
STEVE SCHURINGCFO
Officer
5$0$181,596$19,230
DEBBIE CRAIGCAO
Officer
5$0$80,273$15,845
DANIELLE RODRIGUEZPROGRAM DIRE
Officer
50$80,431$0$11,107
ANNE GRUENWALD RESIGNEDFORMER PRESI
Officer
0$0$47,048$0
RICHARD ALLENDIRECTOR
Trustee or director
1$0$0$0
LYDIA BROWNCHAIR
Trustee or director, Officer
2$0$0$0
JIM CHOATETREASURER
Trustee or director, Officer
2$0$0$0
NANCY HILL DAVISVICE CHAIR
Trustee or director, Officer
2$0$0$0
EMILY FLOWERGARDENDIRECTOR
Trustee or director
1$0$0$0
KARL HOFFMANSECRETARY
Trustee or director, Officer
2$0$0$0
JERRY HUNTDIRECTOR
Trustee or director
1$0$0$0
TRAVIS KOLDERDIRECTOR
Trustee or director
1$0$0$0
HUNTER SKOGMANDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ANNE GRUENWALDFORMER PRESIDENT/CEO
Former
0$0$363,557$592
MARY BETH O'NEILLPRESIDENT/CEO
Officer
5$0$243,280$42,625
STEVE SCHURINGCHIEF FINANCIAL OFFICER
Officer
5$0$160,593$26,052
DEBBIE CRAIGCHIEF ADVOCACY OFFICER
Officer
5$0$102,076$24,295
DANIELLE RODRIGUEZPROGRAM DIRECTOR
Officer
50$63,306$0$15,642
LYDIA BROWNCHAIR
Trustee or director, Officer
2$0$0$0
JIM CHOATETREASURER
Trustee or director, Officer
1$0$0$0
NANCY HILL-DAVISVICE CHAIR
Trustee or director, Officer
1$0$0$0
KARL HOFFMANSECRETARY
Trustee or director, Officer
1$0$0$0
RICHARD ALLENDIRECTOR
Trustee or director
1$0$0$0
EMILY FLOWERGARDENDIRECTOR
Trustee or director
1$0$0$0
JERRY HUNTDIRECTOR
Trustee or director
1$0$0$0
TRAVIS KOLDERDIRECTOR
Trustee or director
1$0$0$0
HUNTER SKOGMANDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
5400 KIRKWOOD BLVD SW, CEDAR RAPIDS, IA 52404-5216
In care of
% TAMI GILLMORE
Principal officer (990 for 2024)
MARY BETH O'NEILL, 5400 KIRKWOOD BLVD SW, CEDAR RAPIDS, IA 52404
Signed the 990
STEVE SCHURING, CFO
Phone
(319) 365-6247
Return prepared by
FORGE FINANCIAL & MANAGEMENT CONSULTING

Mission

TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES IN NEED.

990 for the year ended June 30, 2025

Program accomplishments

  • AFFORDABLE HOUSING RENTALS: AHNI OWNS 399 AFFORDABLE HOUSING RENTAL UNITS AND MANAGES 18 AFFORDABLE HOUSING RENTAL UNITS, FOR A TOTAL OF 417 RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW TO VERY LOW INCOME. INCOME BETWEEN 50% AND 80% OF AREA MEDIAN INCOME (AMI) IS "LOW INCOME- AND INCOME BETWEEN 30% AND 50% OF AMI IS "VERY LOW INCOME". AHNI PROVIDES THE FOLLOWING SERVICES TO INSURE A STABLE AND CLEAN LIVING ENVIRONMENT: RENTAL AGENT SERVICES AND FACILITY MAINTENANCE.
    Expenses $4,241,420 · revenue $3,406,242
  • NEIGHBORHOOD REVITALIZATION: AHNI OPERATES A NEIGHBORHOOD REVITALIZATION PROJECT IN THE WELLINGTON HEIGHTS NEIGHBORHOOD OF CEDAR RAPIDS DESIGNED TO INCREASE HOME OWNERSHIP, DECREASE DENSITY AND RETURN A NEIGHBORHOOD BACK TO THE MAJESTIC AND STABLE PLACE IT ONCE WAS. AHNI HAS REHABBED & SOLD 52 HOMES AND CURRENTLY HAS 58 RENTAL UNITS IN THE WELLINGTON HEIGHTS NEIGHBORHOOD AND ARE CURRENTLY RENTING PROPERTIES AND BUILDING AS FUNDING AND BUYERS PERMIT. PROPERTIES PREVIOUSLY REHABILITATED ARE OFFERED TO THE COMMUNITY AS IMPROVED RENTALS, AND HOMES FOR SALE WITH THE ULTIMATE GOAL OF GUIDING CHILDREN AND FAMILIES TO SUCCESSFUL OUTCOMES AND STRENGTHENING THE COMMUNITY. IN ADDITION, AHNI OPERATES AN AFFORDABLE HOUSING REVITATLIZATION PROJECT IN DUBUQUE. THIS IS DONE IN CONJUNCTION WITH THE CITY OF DUBUQUE AND THEIR MULTI-YEAR PLAN TO INCREASE HOME OWNERSHIP AND CREATE A STABLE, RESPECTFUL RENTAL ENVIRONMENT. AHNI HAS PURCHASED AND REHABBED 4 PROPERTIES AND SOLD THEM AS AFFORDABLE HOMES IN THE LAST YEAR.
    Expenses $582,570

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-8640691
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2008
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,028,359
Income (IRS master file)
$4,424,285

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,209,544$5,355,342$21,028,359XML
990June 2024$6,511,227$5,203,226$20,832,758IRS
990June 2023$8,670,979$5,226,063$18,568,829XML
990June 2022$5,702,234$6,854,214$25,730,785IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8640691).

Questions about AFFORDABLE HOUSING NETWORK INC

What is the EIN of AFFORDABLE HOUSING NETWORK INC?
The employer identification number (EIN) of AFFORDABLE HOUSING NETWORK INC is 20-8640691.
Is AFFORDABLE HOUSING NETWORK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to AFFORDABLE HOUSING NETWORK INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AFFORDABLE HOUSING NETWORK INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AFFORDABLE HOUSING NETWORK INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AFFORDABLE HOUSING NETWORK INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of AFFORDABLE HOUSING NETWORK INC?
The 990 for the year ended June 30, 2025 names MARY BETH O'NEILL.
Who are the officers and directors of AFFORDABLE HOUSING NETWORK INC?
The 990 for the year ended June 30, 2025 lists 21 people; 1 received compensation from the organization.
How much revenue does AFFORDABLE HOUSING NETWORK INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,209,544, expenses of $5,355,342 and total assets of $21,028,359 at year end.

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