Nonprofit · EIN 83-2347693
INDELIBLE HOUSING INC
Tax-exempt · WASHINGTON, DC 20016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,335 | $198,713 | -$166,378 | $1,584,869 | $741,401 | $843,468 |
| December 31, 2023 | 990 | -$151,418 | $24,288 | -$175,706 | $2,164,283 | $804,595 | $1,359,688 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $36,690
- Program service revenue
- $0
- Investment income
- $7,024
- Net rental income
- -$42,830
- Net gain from sales of assets
- -$10
- Other revenue
- -$11,379
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $189,000
- Salaries, compensation and benefits (total)
- $189,000
- Professional fundraising fees
- $0
- Legal fees
- $148
- Accounting fees
- $2,536
- Program services (functional)
- $198,713
Balance sheet and other
- Total assets, start of year
- $2,164,283
- Total assets, end of year
- $1,584,869
- Total liabilities, end of year
- $741,401
- Net assets, end of year
- $843,468
- Land, buildings and equipment
- $781,702
- Gross receipts
- $315,289
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|
| RICHARD I KNAPP | PRESIDENT Trustee or director, Officer | 28.85 | $189,000 |
| GRANT PRESTON | SECRETARY Trustee or director, Officer | 3.85 | $0 |
| KOFI MEROE | TREASURER Trustee or director, Officer | 1.15 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRANT PRESTON | SECRETARY Trustee or director, Officer | 0 | $0 |
| KOFI MEROE | TREASURER Trustee or director, Officer | 0 | $0 |
| RICHARD I KNAPP | PRESIDENT Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 3605 LOWELL ST NW, WASHINGTON, DC 20016-5028
- In care of
- % STACY E COSTELLO
- Principal officer (990 for 2024)
- RICHARD I KNAPP, 3605 LOWELL ST NW, WASHINGTON, DC 20016
- Signed the 990
- RICHARD I KNAPP, PRESIDENT
- Phone
- (240) 499-9665
- Website
- HTTP://INDELIBLEHOUSING.ORG
- Return prepared by
- GROSSBERG COMPANY LLP
Mission
THE MISSION OF INDELIBLE HOUSING, INC. IS THE PRESERVATION OF AFFORDABLE HOUSING IN IOWA, AND ECONOMIC REVITALIZATION OF THE CITY OF GRINNELL, IOWA. TO SECURE THE BRIGHTEST FUTURE FOR THE CITY AND ITS RESIDENTS, HOUSING POLICY AND ECONOMIC REVITALIZATION MUST BENEFIT ALL SEGMENTS OF THE CITY'S POPULATION, AND ALL COMMUNITIES WITHIN THE CITY. THE FREE MARKET AND PROFIT-MOTIVATED INVESTMENT ACTIVITY OFTEN LEAVE CERTAIN COMMUNITIES AND POPULATION SEGMENTS UNDERSERVED. THE DIRECTORS HAVE ESTABLISHED THE CORPORATION WITH ITS PRIMARY MISSION TO HELP RESOLVE THIS DEFICIENCY AND BRING ECONOMIC REVITALIZATION, PRIMARILY IN THE FORM OF IMPROVED AND AFFORDABLE HOUSING, JOB OPPORTUNITIES AND COMMUNITY AMENITIES TO THE CITY'S LOWER-INCOME NEIGHBORHOODS.
Program accomplishments
- INDELIBLE HOUSING INC, ACQUIRED A 50 UNIT ELDERLY LOW INCOME HOUSING PROJECT, MT. CARMEL, AND A 30 UNIT ELDERLY LOW INCOME HOUSING PROJECT, MT. VILLAGE, BOTH IN WATERLOO, IOWA. WHICH WAS CONTRIBUTED TO WATERLOO INDELIBLE HOUSING LLC WITH INDELIBLE HOUSING, INC RETAINING A 51% OWNERSHIP. THE PROPERTIES ARE RENTED TO HUD QUALIFIED FAMILIES AT BELOW MARKET RATES PURSUANT TO SECTION 8.Expenses $198,713
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
- 83-2347693
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $1,584,869
- Income (IRS master file)
- $315,289
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,335 | $198,713 | $1,584,869 | IRS |
| 990 | December 2023 | -$151,418 | $24,288 | $2,164,283 | XML |
| 990 | December 2022 | $707,713 | $8,109 | $1,131,038 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-2347693).
Questions about INDELIBLE HOUSING INC
- What is the EIN of INDELIBLE HOUSING INC?
- The employer identification number (EIN) of INDELIBLE HOUSING INC is 83-2347693.
- Is INDELIBLE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to INDELIBLE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDELIBLE HOUSING INC 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 INDELIBLE HOUSING INC 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 INDELIBLE HOUSING INC 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 INDELIBLE HOUSING INC?
- The 990 for the year ended December 31, 2024 names RICHARD I KNAPP.
- Who are the officers and directors of INDELIBLE HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $189,000 (RICHARD I KNAPP, PRESIDENT).
- How much revenue does INDELIBLE HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,335, expenses of $198,713 and total assets of $1,584,869 at year end.
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