2026-04-01T14:29:16-04:00 2025-12-31 882802798 FORGE FINANCIAL & MANAGEMENT CONSULTING 1245 JORDAN CREEK PKWY STE 100 WEST DES MOINES IA 502662343 990 2025-01-01 237356791 GRINNELL AREA HOUSING INC GRIN 5634326160 PO BOX 460 MECHANICSVILLE IA 52306 RONALD BRYAN PRESIDENT 5634326160 2026-04-01 true ROSS VANLAAR CPA P01532250 5156203050 2026-04-01 2025 2025-03-06 01:10:19Z RONALD BRYAN 1505 WEST STREET GRINNELL IA 50012 275120 false X X 1974 IA TO PROVIDE AFFORDABLE RENTAL HOUSING TO ELDERLY AND LOW INCOME RESIDENTS. 6 6 1 6 0 0 261586 275018 -5299 102 0 256287 275120 0 0 0 0 0 307575 273049 307575 273049 -51288 2071 417081 413970 155577 150395 261504 263575 TO PROVIDE AFFORDABLE RENTAL HOUSING TO ELDERLY AND LOW INCOME RESIDENTS. false false 216103 275018 THE CORPORATION LEASES 3 APARTMENT BUILDINGS WITH A TOTAL OF 63 UNITS FOR ELDERLY AND LOW INCOME RURAL RESIDENTS AND MAINTAINED 53% OCCUPANCY IN 2025. 216103 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 2 0 true 1 false false false false false false false false false X 6 6 false true false false false false false true true false false false false true true true true false X FRANK SHULTS 5634326160 720 12TH AVE GRINNELL IA 50112 X RONALD BRYAN PRESIDENT 1.00 X X 0 0 0 DOUG CAMERON VICE PRESIDE 1.00 X X 0 0 0 DORIS L HOTCHKIN TREASURER 1.00 X X 0 0 0 CHRIS NOLTE DIRECTOR 1.00 X 0 0 0 PAUL KOLPIN DIRECTOR 1.00 X 0 0 0 BETTY LUDDEN DIRECTOR 1.00 X 0 0 0 FRANK SHULTS DIRECTOR 1.00 X 0 0 0 KATE SLATER RESIGNED IN 2025 SECRETARY X 0 0 0 BILLY MCNALLY RESIGNED IN 2025 DIRECTOR X 0 0 0 false false false TENANT RENT 531110 146682 146682 RENTAL ASSISTANCE 531110 118372 118372 INTEREST SUBSIDY 531110 7724 7724 LAUNDRY/CABLE 531110 1721 1721 TENANT CHARGES 531110 519 519 275018 102 102 275120 273297 1823 50001 50001 1260 1260 1325 1325 4360 4360 129526 129526 10218 10218 16902 16902 59457 59457 273049 216103 56946 0 4420 12728 27653 33137 1417 1417 2049871 1683183 383591 366688 417081 413970 17263 29996 121774 103765 16540 16634 155577 150395 X 261504 263575 261504 263575 417081 413970 2071 X false false false 62025 62025 1469251 1240302 228949 159677 133630 26047 167605 167537 68 191313 141714 49599 366688 TENANT SECURITY DEPOSITS 9752 OTHER LIABILITIES 6882 16634 FORM 990, PAGE 6, PART VI, LINE 3 GRINNELL AREA HOUSING, INC. HAS AN AGREEMENT WITH RIGHTWAY MANAGEMENT SERVICES AS OF MAY 1, 2021 TO HANDLE THE MANAGEMENT RESPONSIBILITIES. UNDER THE TERMS OF THIS AGREEMENT, RIGHTWAY MANAGEMENT SERVICES RECEIVED A MONTHLY MANAGEMENT FEE EQUAL TO 58 PER OCCUPIED UNIT FOR THE YEAR ENDED DECEMBER 31, 2025. THE TOTAL MANAGEMENT FEES INCURRED FOR THE YEAR ENDED DECEMBER 31, 2025 WERE 34,425. THE AGREEMENT RENEWS UNLESS NOTIFICATION IS MADE OF AN INTENTION TO TERMINATE THE AGREEMENT. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 WILL BE REVIEWED BY A MEMBER OF THE MANAGEMENT COMPANY AND THEN PRESENTED AT A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ALTHOUGH THERE IS NO FORMAL WRITTEN CONFLICT OF INTEREST POLICY, THE BOARD MEMBERS ARE AWARE OF SUCH SITUATIONS AND HAVE COMPLIED WITH AN INFORMAL UNWRITTEN POLICY. EVERY THREE YEARS THE BOARD IS REQUIRED TO AFFIRM THAT THERE ARE NO CONFLICTS ON INTEREST. THIS POLICY IS ALSO ENFORCED BY REGULATIONS WITH USDA RURAL DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 15A AN UNRELATED SITE MANAGER'S SALARY IS SET BY THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY IS PAID A FEE WHICH IS DETERMINED AND APPROVED BY USDA RURAL DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION DOES NOT HAVE ANY PAID CEO, EXECUTIVE DIRECTOR, OR ANY OTHER EMPLOYEES AS THE ORGANIZATION'S OPERATIONS ARE MANAGED BY A MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 19 COPIES OF THE 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT THE BUSINESS OFFICE. POWESHIEK AREA HOUSING INC PO BOX 460 MECHANICSVILLE IA 52306 421298086 RENTAL IA 501C3 10 N/A false UNCLE SAM'S INC PO BOX 460 MECHANICSVILLE IA 52306 391876988 RENTAL IA 501C3 10 N/A false false false false false false false false false false false false false false false false false false false false