Nonprofit · EIN 23-7409470
HUMBOLDT HOMES LTD
Tax-exempt · HUMBOLDT, IA 50548
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $644,361 | $739,862 | -$95,501 | $1,058,780 | $225,530 | $833,250 |
| December 31, 2024 | 990 | $610,450 | $605,414 | $5,036 | $1,198,692 | $269,941 | $928,751 |
| December 31, 2023 | 990 | $627,187 | $590,632 | $36,555 | $1,242,467 | $318,752 | $923,715 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $639,842
- Investment income
- $2,890
- Other revenue
- $1,629
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $68,400
- Salaries, compensation and benefits (total)
- $74,444
- Professional fundraising fees
- $0
- Legal fees
- $824
- Accounting fees
- $765
- Occupancy
- $113,773
- Depreciation
- $104,346
- Program services (functional)
- $641,458
- Management and general (functional)
- $98,404
Balance sheet and other
- Total assets, start of year
- $1,198,692
- Total assets, end of year
- $1,058,780
- Total liabilities, end of year
- $225,530
- Net assets, end of year
- $833,250
- Land, buildings and equipment
- $813,475
- Net assets without donor restrictions
- $833,250
- Gross receipts
- $644,361
- Employees
- 1
- Volunteers
- 9
- Year formed
- 1975
- State of legal domicile
- IA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Merlin Graaf | Director Trustee or director | 0 | $0 |
| Ron Rasmussen | President Trustee or director, Officer | 0 | $0 |
| Ed Timm | Vice President Trustee or director, Officer | 0 | $0 |
| Joan Kollmorgen | Director Trustee or director | 0 | $0 |
| Craig Malloy | Director Trustee or director | 0 | $0 |
| Kirk Whittlesey | Sec/Treas Trustee or director, Officer | 0 | $0 |
| Roger Kleve | Director Trustee or director | 0 | $0 |
| Deb Miller | Director Trustee or director | 0 | $0 |
| Allen Goche | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Merlin Graaf | Director Trustee or director | 0 | $0 |
| Ron Rasmussen | President Trustee or director, Officer | 0 | $0 |
| Ed Timm | Vice President Trustee or director, Officer | 0 | $0 |
| Joan Kollmorgen | Director Trustee or director | 0 | $0 |
| Craig Malloy | Director Trustee or director | 0 | $0 |
| Kirk Whittlesey | Sec/Treas Trustee or director, Officer | 0 | $0 |
| Roger Kleve | Director Trustee or director | 0 | $0 |
| Deb Miller | Director Trustee or director | 0 | $0 |
| Allen Goche | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Merlin Graaf | Director Trustee or director | 0 | $0 |
| Ron Rasmussen | President Trustee or director, Officer | 0 | $0 |
| Ed Timm | Vice President Trustee or director, Officer | 0 | $0 |
| Joan Kollmorgen | Director Trustee or director | 0 | $0 |
| Craig Malloy | Director Trustee or director | 0 | $0 |
| Kirk Whittlesey | Sec/Treas Trustee or director, Officer | 0 | $0 |
| Roger Kleve | Director Trustee or director | 0 | $0 |
| Deb Miller | Director Trustee or director | 0 | $0 |
| Allen Goche | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1107 19TH ST N, HUMBOLDT, IA 50548-1057
- Principal officer (990 for 2025)
- Ron Rasmussen, 1204 15th St N, Humboldt, IA 50548
- Signed the 990
- Ron Rasmussen, President
- Phone
- (515) 332-2020
- Return prepared by
- TP ANDERSON & COMPANY PC CPAS
Mission
Low income housing for the elderly and handicapped.
Program accomplishments
- Expense of operating a 100 unit low income housing project for the elderly and the handicapped.Expenses $641,458
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7409470
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,058,780
- Income (IRS master file)
- $644,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $644,361 | $739,862 | $1,058,780 | XML |
| 990 | December 2024 | $610,450 | $605,414 | $1,198,692 | IRS |
| 990 | December 2023 | $627,187 | $590,632 | $1,242,467 | XML |
| 990 | December 2022 | $550,486 | $586,244 | $1,250,943 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 23-7409470).
Questions about HUMBOLDT HOMES LTD
- What is the EIN of HUMBOLDT HOMES LTD?
- The employer identification number (EIN) of HUMBOLDT HOMES LTD is 23-7409470.
- Is HUMBOLDT HOMES LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1975.
- Are donations to HUMBOLDT HOMES LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HUMBOLDT HOMES LTD 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 HUMBOLDT HOMES LTD due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HUMBOLDT HOMES LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HUMBOLDT HOMES LTD?
- The 990 for the year ended December 31, 2025 names Ron Rasmussen.
- Who are the officers and directors of HUMBOLDT HOMES LTD?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does HUMBOLDT HOMES LTD have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $644,361, expenses of $739,862 and total assets of $1,058,780 at year end.
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