Nonprofit · EIN 23-7210587
FAIRBANK HOUSING INC
Tax-exempt · INDEPENDENCE, IA 50644
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $81,831 | $68,846 | $12,985 | $51,094 | $1,021 | $50,073 |
| December 31, 2023 | 990-EZ | $89,860 | $91,472 | -$1,612 | $37,988 | $1,290 | $36,698 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,369
- Program service revenue
- $71,381
- Investment income
- $81
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $68,846
- Program services (functional)
- $68,846
Balance sheet and other
- Total assets, start of year
- $37,988
- Total assets, end of year
- $51,094
- Total liabilities, end of year
- $1,021
- Net assets, end of year
- $50,073
- Cash, savings and investments
- $51,094
- Gross receipts
- $81,831
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WAYNE TJERNAGEL | President | 0 | $0 |
| ROBERT BELLIS | Secretary/Treas | 0 | $0 |
| KENNETH MOHLIS | Director | 0 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WAYNE TJERNAGEL | President | 0 | $0 |
| ROBERT BELLIS | Secretary | 0 | $0 |
| JOHN WOODS | Director | 0 | $0 |
| KENNETH MOHLIS | Director | 0 | $0 |
| MARY JANE KANE | Vice President | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 302 1ST ST E, INDEPENDENCE, IA 50644-2815
- Mailing address (990-N for 2015)
- po box 774, Independence IA 50644
- Principal officer (990-N for 2015)
- Maurice Welsh, po box 774, INDEPENDENCE IA 50644
- Signed the 990-EZ
- TIFFANY NABHOLZ, MANAGER
- Phone
- (319) 334-7110
- Return prepared by
- Roberts & Eddy PC
Mission
OUR MISSION IS TO IMPROVE LIVES AND TRANSFORM COMMUNITIES BY PROVIDING QUALITY HOUSING AT AN AFFORDABLE PRICE.
Program accomplishments
- OUR ACTIVITIES PROVIDED COMMUNITIES THROUGHOUT BUCHANAN COUNTY WITH QUALITY HOUSING AT AN AFFORDABLE PRICE.Expenses $68,846
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7210587
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $51,094
- Income (IRS master file)
- $81,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $81,831 | $68,846 | $51,094 | IRS |
| 990-EZ | December 2023 | $89,860 | $91,472 | $37,988 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: Maurice Welsh | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 23-7210587).
Questions about FAIRBANK HOUSING INC
- What is the EIN of FAIRBANK HOUSING INC?
- The employer identification number (EIN) of FAIRBANK HOUSING INC is 23-7210587.
- Is FAIRBANK HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1973.
- Are donations to FAIRBANK HOUSING INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FAIRBANK HOUSING 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 FAIRBANK HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAIRBANK HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of FAIRBANK HOUSING INC?
- The 990-N for 2015 names Maurice Welsh.
- Who are the officers and directors of FAIRBANK HOUSING INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does FAIRBANK HOUSING INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $81,831, expenses of $68,846 and total assets of $51,094 at year end.
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