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Nonprofit · EIN 87-4542830

NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION

Tax-exempt (reinstated) · MASON CITY, IA 50401

Financials

−$61K$9K2024
Revenue Expenses · by fiscal year end
Financials of NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990-$61,173$8,537-$69,710$563,524$0$563,524
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$29,845
Program service revenue
$0
Investment income
$0
Net income from sales of inventory
-$91,018
Other revenue
-$91,018

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$355
Program services (functional)
$4,267
Management and general (functional)
$4,270

Balance sheet and other

Total assets, start of year
$448,781
Total assets, end of year
$563,524
Total liabilities, end of year
$0
Net assets, end of year
$563,524
Net assets without donor restrictions
$563,524
Gross receipts
$129,845
Employees
0
Year formed
2022
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
AARON BURNETTPRESIDENT
Trustee or director, Officer
1$0
SCOTT FLORYVICE PRESIDE
Trustee or director, Officer
1$0
TOM MEYERTREASURER
Trustee or director, Officer
1$0
MRYTLE NELSONSECRETARY
Trustee or director, Officer
1$0
MELISSA SCHONEBERGDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
9 N FEDERAL AVE, MASON CITY, IA 50401-3250
In care of
% CHAD SCHRECK
Principal officer (990 for 2024)
AARON BURNETT, 9 N FEDERAL, MASON CITY, IA 50401
Signed the 990
AARON BURNETT, PRESIDENT
Phone
(641) 423-0315
Return prepared by
HARRISON & ASSOCIATES CPAS PLLC

Mission

DRIVING HOUSING GROWTH IN NORTH IOWA THROUGH STRATEGIC SITE IDENTIFICATION, COLLABORATIVE PLANNING AND STRONG CONNECTIONS WITH DEVELOPERS.

990 for the year ended June 30, 2025

Program accomplishments

  • TO EXPAND THE INVENTORY OF QUALITY, ATTAINABLE HOUSING UNITS.
    Expenses $4,267

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, 2024Check at the IRS

IRS record

EIN
87-4542830
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$563,524
Income (IRS master file)
$129,845

Revocation and reinstatement

Exemption revoked
November 15, 2024
Posted by the IRS
November 14, 2025
Reinstated
Effective November 15, 2024

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025-$61,173$8,537$563,524XML

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 87-4542830).

Questions about NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION

What is the EIN of NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION?
The employer identification number (EIN) of NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION is 87-4542830.
Is NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2024 and reinstated it effective November 15, 2024.
Are donations to NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION 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 NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION 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 NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION 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 NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names AARON BURNETT.
Who are the officers and directors of NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does NORTH IOWA CORRIDOR HOUSING DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of -$61,173, expenses of $8,537 and total assets of $563,524 at year end.

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