Nonprofit · EIN 42-1505760
WESTERN HOME FOUNDATION
Tax-exempt · CEDAR FALLS, IA 50613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $585,278 | $925,795 | -$340,517 | $2,476,551 | $2,694,182 | -$217,631 |
| December 31, 2023 | 990 | $692,051 | $820,737 | -$128,686 | $2,627,635 | $2,656,712 | -$29,077 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $460,266
- Program service revenue
- $0
- Investment income
- $142,751
- Net gain from sales of assets
- $72,922
- Net income from fundraising events
- -$22,366
- Other revenue
- -$17,739
Expenses
- Grants and similar amounts paid
- $510,755
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,630
- Travel
- $4,534
- Program services (functional)
- $510,755
- Management and general (functional)
- $415,040
Balance sheet and other
- Total assets, start of year
- $2,627,635
- Total assets, end of year
- $2,476,551
- Total liabilities, end of year
- $2,694,182
- Net assets, end of year
- -$217,631
- Net assets without donor restrictions
- -$1,191,811
- Net assets with donor restrictions
- $974,180
- Gross receipts
- $615,644
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2000
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRIS HANSEN | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $498,804 | $45,481 |
| PAT O'LEARY | CHIEF STRATEGY OFFICER Officer | 1 | $0 | $321,070 | $53,536 |
| DARRELL MCCORMICK | CHIEF OPERATING OFFICER Officer | 1 | $0 | $262,348 | $50,425 |
| JERRY HARRIS | PRESIDENT-CEDAR FALLS OPER Officer | 1 | $0 | $243,850 | $41,307 |
| WENDY AGER | CHIEF CLINICAL OFFICER Officer | 1 | $0 | $195,524 | $8,981 |
| SARAH BROWN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RONALD GAINES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LARRY FOX | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG SCHMITZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR RICHARD FRANKHAUSER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NAFISSA EGBUONYE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANNE SCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KRIS HANSEN | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 1 | $0 | $450,003 | $42,357 |
| PAT O'LEARY | CHIEF STRATEGY OFFICER Officer | 1 | $0 | $312,139 | $39,871 |
| JERRY HARRIS | PRESIDENT-CEDAR FALLS OPERATIONS Officer | 1 | $0 | $242,892 | $39,247 |
| DARRELL MCCORMICK | CHIEF OPERATING OFFICER Officer | 1 | $0 | $222,985 | $47,857 |
| WENDY AGER | CHIEF CLINICAL OFFICER Officer | 1 | $0 | $176,128 | $8,147 |
| SARAH BROWN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RONALD GAINES | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LARRY FOX | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG SCHMITZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR RICHARD FRANKHAUSER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NAFISSA EGBUONYE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DIANNE SCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY SWANSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5307 CARAWAY LN, CEDAR FALLS, IA 50613-8172
- In care of
- % KRIS HANSEN
- Principal officer (990 for 2024)
- PATRICK O'LEARY, 5307 CARAWAY LANE, CEDAR FALLS, IA 50613
- Signed the 990
- PATRICK O'LEARY, CHIEF STRATEGY OFFICER
- Phone
- (319) 277-2141
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO SUPPORT THE MISSION OF WESTERN HOME COMMUNITIES THROUGH PHILANTHROPIC GIFTS AND STEWARDSHIPS.
Program accomplishments
- ESTABLISHMENT OF AN ENDOWMENT FUND TO SUPPORT THE OPERATIONS OF WESTERN HOME COMMUNITIES, INC, AN IOWA NONPROFIT CORPORATION THAT IS A MULTI-LEVEL CARE FACILITY FOR THE AGED AND INFIRM.Expenses $510,755 · grants $510,755
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1505760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L120)
- Assets (IRS master file)
- $2,476,551
- Income (IRS master file)
- $615,644
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $585,278 | $925,795 | $2,476,551 | IRS |
| 990 | December 2023 | $692,051 | $820,737 | $2,627,635 | XML |
| 990 | December 2022 | $449,828 | $1,332,945 | $3,162,465 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-1505760).
Questions about WESTERN HOME FOUNDATION
- What is the EIN of WESTERN HOME FOUNDATION?
- The employer identification number (EIN) of WESTERN HOME FOUNDATION is 42-1505760.
- Is WESTERN HOME FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to WESTERN HOME FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WESTERN HOME FOUNDATION 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 WESTERN HOME FOUNDATION 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 WESTERN HOME FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WESTERN HOME FOUNDATION?
- The 990 for the year ended December 31, 2024 names PATRICK O'LEARY.
- Who are the officers and directors of WESTERN HOME FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does WESTERN HOME FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $585,278, expenses of $925,795 and total assets of $2,476,551 at year end.
Other nonprofits in CEDAR FALLS
- WESTERN HOME SERVICES INC EIN 45-5139878 · last filed 990 for 2024
- WESTERN HOME SERVICES INC EIN 27-2825987 · last filed 990 for 2024
- CEDAR FALLS LUTHERAN HOME EIN 42-0794364 · last filed 990 for 2024
- WESTERN HOME SERVICES INC EIN 42-0680326 · last filed 990 for 2020
- CLEAN START CLEAN LAUNDRY INC EIN 99-2100552 · last filed 990-N for 2025
- WESTERN HOME SERVICES INC EIN 85-4082962 · last filed 990-EZ for 2020
- SARTORI MEMORIAL HOSPITAL INC EIN 42-0758901 · last filed 990 for 2025
- COMMUNITY FOUNDATION OF NORTHEAST IOWA EIN 42-6060414 · last filed 990 for 2025