2023-06-13T13:39:33-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2022-01-01 421462996 HOMEWARD INC HOME 3192672726 521 N MAIN STREET PO BOX 98 ALLISON IA 506020098 JON LEERAR PRESIDENT 3192672726 2023-06-02 1 JON LEERAR 999009999 0 KATHERINE LUTZKE CPA P01760889 5072802300 2023-06-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JON LEERAR 521 N MAIN STREET PO BOX 98 ALLISON IA 506020098 599176 0 X WWW.HOMEWARDIOWA.COM X 1996 IA TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA. 8 8 0 8 0 0 274193 553168 32489 28794 10237 17214 0 0 316919 599176 0 0 0 0 0 0 0 0 0 370427 565695 370427 565695 -53508 33481 2408195 2376665 87803 22792 2320392 2353873 X TO PROVIDE ASSISTANCE TO COMMUNITIES AND ORGANIZATIONS IN THE DEVELOPMENT AND CONSTRUCTION OF RESIDENTIAL HOUSING IN RURAL AREAS OF IOWA, AND TO PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREAS IN IOWA. 0 1 542576 0 28794 TO PROVIDE FINANCIAL ASSISTANCE FOR RESIDENTIAL AND GENERAL ECONOMIC DEVELOPMENT IN RURAL IOWA COMMUNITIES. SUCH ASSISTANCE HAS CONSISTED OF PROVIDING ADDITIONAL SHORT-TERM LENDING FOR RESIDENTIAL HOME PURCHASES AND AIDING IN THE BUILDING AND DEVELOPMENT OF SPECULATIVE HOUSING FOR THE PURPOSE OF PROMOTING RURAL ECONOMIC DEVELOPMENT. 542576 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 1 0 1 1 1 1 1 1 0 0 0 X GARY DOEHRMANN 3192672726 521 N MAIN ST ALLISON IA 50602 X JON LEERAR PRESIDENT 3.00 X X 0 0 0 CRAIG CODNER VICE PRESIDENT 1.00 X X 0 0 0 TIM MARIENAU TREASURER 2.00 X X 0 0 0 JIM GOSSETT SECRETARY 1.00 X X 0 0 0 MIKE GEERDES DIRECTOR 2.00 X 0 0 0 WILLIAM MCKIM DIRECTOR 1.00 X 0 0 0 KEATON HILDRETH DIRECTOR 2.00 X 0 0 0 GARRETT THOMPSON DIRECTOR 1.50 X 0 0 0 0 0 0 0 0 0 0 RACCOON VALLEY ELECTRIC COOP 28725 HIGHWAY 30 GIDDEN IA 51443 EMPLOYEE LABOR 121233 1 553168 553168 LOAN INTEREST 531390 28794 28794 28794 17214 17214 599176 28794 0 17214 6323 6323 8723 8723 HTF GRANT EXPENSES 398351 398351 OUTSIDE SERVICES 151098 143025 8073 PROV FOR LOAN LOSSES 1200 1200 565695 542576 23119 0 1616578 1674130 782829 700334 328 365 8460 1836 2408195 2376665 67184 16553 20619 6239 87803 22792 X 0 0 0 0 2320392 2353873 2320392 2353873 2408195 2376665 33481 0 X 0 1 X 1 0 0 X 599176 0 599176 0 599176 565695 0 565695 0 565695 PART X, LINE 2: THE COMPANY IS ORGANIZED UNDER THE IOWA NONPROFIT CORPORATION ACT AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C) (4) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES AT DECEMBER 31, 2022 AND 2021. THE COMPANY EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. FORM 990, PART III, LINE 3 HOMEWARD, INC. DISCONTINUED ADMINISTERING THE HOUSING TRUST LOAN PROGRAM AFTER 2022. THE DECISION WAS MADE IN 2022 TO DISCONTINUE. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION IS COMPRISED OF A SINGLE CLASS OF MEMBER-OWNERS, EACH OF WHICH HAS EQUAL RIGHTS IN OWNERSHIP, GOVERNANCE AND VOTING RIGHTS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER-OWNERS OF THE CORPORATION HAVE THE AUTHORITY TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. THE CORPORATION HAS A STRICT POLICY LIMITING ONE VOTE TO EACH MEMBER. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE GOVERNING DOCUMENTS (BYLAWS AND ARTICLES OF INCORPORATION) MUST BE APPROVED BY THE MEMBER-OWNERS AFTER THEY HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS. APPROVAL OCCURS WHEN AT LEAST 50% OF THE MEMBER-OWNERS VOTE TO APPROVE. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW FORM 990 PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL PERSONS ASSOCIATED WITH HOMEWARD FILL OUT CONFLICT OF INTEREST FORMS ANNUALLY. DIRECTORS WOULD ABSTAIN FROM VOTING ON ANY DECISIONS INVOLVING A CONFLICT OF INTEREST. PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST WOULD BE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE PUBLIC. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC JON LEERAR - 216 JACKSON ST., THOMPSON, IA 50478. CRAIG CODNER - PO BOX 98, ALLISON, IA 50602. TIM MARIENAU - 2099 HIGHWAY 3, CLARION, IA 50525. JIM GOSSETT - 28725 HIGHWAY 30, GLIDDEN, IA 51443. MIKE GEERDES - 303 NORTH PARK AVE., GRUNDY CENTER, IA 50638. WILLIAM MCKIM - 1005 EAST LINCOLN WAY, JEFFERSON, IA 50129. KEATON HILDRETH - 1015 TONAWANDA, ROCKWELL CITY, IA 50579. GARRETT THOMPSON - 1560 HIGHWAY 65, HAMPTON, IA 50441.