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Nonprofit · EIN 88-2700449

INCOMMON HOUSING DEVELOPMENT CORPORATION

Tax-exempt · OMAHA, NE 68105

Financials

$270K$227K2023$375K$437K2024
Revenue Expenses · by fiscal year end
Financials of INCOMMON HOUSING DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$375,408$437,139-$61,731$1,941,874$1,880,992$60,882
December 31, 2023990$269,845$227,358$42,487$1,644,652$1,522,039$122,613
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$362,482
Program service revenue
$0
Investment income
$58
Other revenue
$12,868

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$98,214
Other salaries and wages
$33,757
Salaries, compensation and benefits (total)
$142,087
Professional fundraising fees
$0
Depreciation
$8,542
Program services (functional)
$437,139

Balance sheet and other

Total assets, start of year
$1,644,652
Total assets, end of year
$1,941,874
Total liabilities, end of year
$1,880,992
Net assets, end of year
$60,882
Land, buildings and equipment
$1,700,753
Net assets without donor restrictions
-$130,448
Net assets with donor restrictions
$191,330
Gross receipts
$375,408
Employees
2
Volunteers
63
Year formed
2022
State of legal domicile
NE

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.

NameTitleHours / weekCompensationFrom related orgs
SHERYL GARSTPROJECT MANAGER
Officer
40$98,214$0
RACHEL BAHLSECRETARY
Trustee or director
1$0$80,860
CHRISTIAN GRAYMEMBER
Trustee or director
1$0$77,531
GEORGE ACHOLACHAIR
Trustee or director
2$0$0
RYAN DURANTVICE-CHAIR
Trustee or director
2$0$0
JIM RIEKERTREASURER
Trustee or director
1$0$0
JULIE STAVNEAKMEMBER
Trustee or director
1$0$0
BUEY RAY TUTMEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
SHERYL GRANTPROJECT MANAGER
Officer
40$103,058
GEORGE ACHOLACHAIR
Trustee or director
2$0
RYAN DURANTVICE-CHAIR
Trustee or director
2$0
JIM RIEKERTREASURER
Trustee or director
1$0
RACHEL BAHLSECRETARY
Trustee or director
1$0
CHRISTIAN GRAYMEMBER
Trustee or director
1$0
JULIE STAVNEAKMEMBER
Trustee or director
1$0
BUEY TUTMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1340 PARK AVE, OMAHA, NE 68105-2214
In care of
% CHRISTIAN GRAY
Principal officer (990 for 2024)
JIM RIEKER, 1340 PARK AVE, OMAHA, NE 68105
Signed the 990
JIM RIEKER, TREASURER
Phone
(402) 933-6672
Return prepared by
BLAND & ASSOCIATES

Mission

OUR MISSION IS TO BUILD STRONG NEIGHBORHOODS WHERE PEOPLE OF ALL INCOMES CAN ACHIEVE THEIR FULL POTENTIAL BY PRIMARILY DEVELOPING AND OPERATING HIGH QUALITY AFFORDABLE, MIXED INCOME AND WORKFORCE HOUSING; PROMOTING NEIGHBORHOOD DEVELOPMENT THROUGH INVESTMENTS THAT GENERATE PERMANENT JOBS; STEWARDING PERMANENTLY AFFORDABLE HOMES TO FOSTER THE ACCRETION OF NEW GENERATIONAL WEALTH; AND BY PLANNING AND IMPLEMENTING OTHER ECONOMIC PROGRAMS AND COMMUNITY FORMATION INITIATIVES CRITICAL TO THESE PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE MISSION OF INCOMMON HOUSING IS TO "STRENGTHEN VULNERABLE NEIGHBORHOODS BY DEVELOPING AND PRESERVING AFFORDABLE, DIGNIFIED HOUSING." THIS IS ACCOMPLISHED BY DEVELOPING HOUSING THAT PRIORITIZES NEIGHBORHOOD VOICES, IS THOUGHTFULLY DESIGNED, CONTRIBUTES TO THE COMMUNITY, AND FOSTERS STABILITY. INCOMMON HOUSING SUPPORTS INCOMMON COMMUNITY DEVELOPMENT IN ADDRESSING NEIGHBORS' CRITICAL NEED FOR AFFORDABLE HOUSING AS THE OVERALL MISSION OF GRASSROOTS NEIGHBORHOOD REVITALIZATION IS ADVANCED. THE PRIMARY OBJECTIVE OF INCOMMON HOUSING IS TO DEVELOP NEW AND PRESERVE EXISTING MULTI- AND SINGLE-FAMILY HOUSING BENEFITTING LOW-INCOME NEIGHBORS. IN 2024, 206 NEIGHBORS WERE PROVIDED DIGNIFIED, AFFORDABLE HOUSING THROUGH THE WORK OF INCOMMON HOUSING. SINCE ITS FOUNDING IN 2022, INCOMMON HOUSING HAS FINALIZED THE HANSCOM & GEORGIA ROW APARTMENTS, WHICH PROVIDES 76-UNITS OF HOUSING FOR OVER 100 NEIGHBORS AND HAS LAUNCHED THE COMMUNITY LAND TRUST, A NEW NON-PROFIT THAT SUPPORTS HOMEOWNERSHIP OPPORTUNITIES WITHIN INCOMMON'S NEIGHBORHOODS. INCOMMON HOUSING IS ALSO DEVELOPING NEW, AFFORDABLE, MULTI-FAMILY HOUSING WITHIN THE PARK AVENUE NEIGHBORHOOD, WHICH WILL PROVIDE 121 RESIDENTIAL UNITS AND 4,000 SQUARE FEET OF COMMERCIAL SPACE.
    Expenses $437,139 · revenue $12,868

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-2700449
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,941,874
Income (IRS master file)
$375,408

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$375,408$437,139$1,941,874XML
990December 2023$269,845$227,358$1,644,652XML
990-EZDecember 2022–––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 88-2700449).

Questions about INCOMMON HOUSING DEVELOPMENT CORPORATION

What is the EIN of INCOMMON HOUSING DEVELOPMENT CORPORATION?
The employer identification number (EIN) of INCOMMON HOUSING DEVELOPMENT CORPORATION is 88-2700449.
Is INCOMMON HOUSING DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to INCOMMON HOUSING DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INCOMMON 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 INCOMMON HOUSING DEVELOPMENT CORPORATION 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 INCOMMON HOUSING DEVELOPMENT CORPORATION 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 INCOMMON HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names JIM RIEKER.
Who are the officers and directors of INCOMMON HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $98,214 (SHERYL GARST, PROJECT MANAGER).
How much revenue does INCOMMON HOUSING DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $375,408, expenses of $437,139 and total assets of $1,941,874 at year end.

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