HomeMy WebLinkAboutFY26 LA2A Houses into Homes ResponsesNovember 22, 2024
FY26 Legacy Aid to Agencies
HCDC Question and Answer (Q&A) Session
Instructions
The Q&A session provides an opportunity for commissioners and staff to ask clarifying
questions about the applications submitted through United Way. Please provide written
responses to the questions below. Written responses must be received by City staff no
later than December 6, 2024. This process is intended to gather the information
required to accurately score submissions. Written responses can be directed to Brianna
Thul at bthul@iowa-city.org or dropped off at City Hall (410 E Washington Street).
All information related to this grant will be posted at www.icgov.org/grants. The Housing
and Community Development Commission will hold a meeting on January 27th, 2025,
at 6:30pm in City Hall to develop funding recommendations for City Council. This
meeting is open to the public and applicants are welcome to attend to hear the
conversation. The meeting will also be recorded and posted online for those unable to
attend.
Agency:
Houses into Homes
Questions:
1. How are racial and ethnic demographics being estimated?
We do not collect racial and ethnic demographics. This information is not
necessary for us to provide our services. In previous applications we made a
guess based on visual information and language spoken in the home, but this
method is subjective and inaccurate, so we followed instructions not to include
the information if not collected.
2. Under projected outcome measures applicant noted 325 utility or other
housing services provided. Clarify what service(s) will be provided 325
times.
We will provide beds, furniture, and other household items as requested to 325
households.
3. Funding request is a 98% increase from FY25 allocation. What is the
rationale for the funding increase? Please explain operational reserves of 70% of
operational budget. What is the other reserve balance of $14,000?
What is the rationale for the funding increase?
Our previous application for Legacy Aid to Agencies funding was in 2022 for FY
23-24 and FY 25. This organization has grown substantially since the time of that
application. We now employ five full-time (over 30 hours/week) staff and two
November 22, 2024
part-time staff. (In addition, our Director of Development is a full-time volunteer.)
Our payroll is now much larger than at the time of prior application, and the
requested increase in funding reflects that change.
Please explain operational reserves of 70% of operational budget.
It took longer than we expected to hire up to our budgeted funding levels in 2024,
so our payroll expenses have been lower than budgeted for the year. We are
now at nearly full staff, having hired a Director of Operations, a second
Operations Manager, and two Volunteer Coordinators/Operations Support. Our
payroll expenses are now at budgeted levels.
As a small and relatively young nonprofit organization, our goal is to maintain a
six-month reserve, approximately $250,000. In 2025, we will work to close the
gap between our current capacity and the community need, with a goal of long-
term sustainability. This capacity growth includes adding new referral agencies
from our waiting list, expanding our facilities, and growing our endowment.
Excess funds will be used to support these goals, in that order of priority.
What is the other reserve balance of $14,000?
Reserve balance of $14,000 is the current balance of our endowment at
Community Foundation of Johnson County.
4. One FY24 % outcome measure reported as 0%. Please explain.
When filling out the application, we were required to choose an outcome from a
list of already-defined choices. None of those outcomes was applicable to the
data gathered by our research team, so we have to report a zero. We have data
that shows that quality of life improves when we provide the basic comforts of
home, but the data we have does not easily fit into that prescribed outcome.
5. Does the applicant have a year-end profit and loss statement available?
Yes. We have attached our 2023 Profit and Loss and a year-to-date Profit and
Loss for 2024 through 11-30.
Houses into Homes
Profit and Loss
January - December 2023
Cash Basis Thursday, December 5, 2024 09:10 AM GMT-06:00 1/3
TOTAL
Income
Debit Card Voucher 18.76
Interest Income 4,782.35
Sales 929.19
CFJC Donation - Business 100.00
CFJC Donation - Individual 375.00
CFJC Donation - nonprofit org 799.00
Corporate Donation 13,652.11
Donations (Facebook)2,050.00
Donations (incl. Online)1,330.44
Event 32,600.00
Grant Award 63,244.41
Individual Donation 241,546.32
Individual Donation (Recurring)36,100.84
Pick Up Donation 1,635.00
Sales of Consigned Donation 902.00
Total Sales 395,264.31
Sales of Product Income 6,388.32
Total Income $406,453.74
Cost of Goods Sold
Cost of Goods Sold 1,227.23
Total Cost of Goods Sold $1,227.23
GROSS PROFIT $405,226.51
Expenses
Advertising & Marketing 1,774.54
Background Checks 118.92
Bank Charges & Fees 74.33
Paypal Fee 234.45
Stripe Fee 2,206.08
Venmo Fee 72.75
Total Bank Charges & Fees 2,587.61
Car & Truck 53.50
Auto Repair 1,107.23
Auto Supplies 230.10
Truck Rental 2,364.82
Total Car & Truck 3,755.65
Contractors 300.00
Grant Consultants 850.00
Movers 10,284.53
Recruiter 4,250.00
Total Contractors 15,684.53
Houses into Homes
Profit and Loss
January - December 2023
Cash Basis Thursday, December 5, 2024 09:10 AM GMT-06:00 2/3
TOTAL
Depreciation Expense 12,098.00
Furniture to Provide 184.74
Boxsprings 912.10
Cookware 783.08
Mattresses 8,146.99
Total Furniture to Provide 10,026.91
Gasoline 2,807.65
Gifts 750.00
Hardware 2,322.73
Insurance
Auto Insurance 3,195.00
Liability Insurance 1,689.00
Total Insurance 4,884.00
Job Supplies 393.32
Dresser 2,023.50
Total Job Supplies 2,416.82
Legal & Professional Services 204.68
Accounting-Bookkeeping 1,150.00
Bedbug Dog 5,250.00
Constituent management 2,228.62
Human Resources (HR) Consulting 18,516.83
Legal Expenses 5,893.13
Total Legal & Professional Services 33,243.26
Meals & Entertainment 2,702.48
Volunteer Meal 1,264.15
Total Meals & Entertainment 3,966.63
Office Supplies & Software 7,318.34
Computer Hardware 691.00
Total Office Supplies & Software 8,009.34
Payroll Expenses
Taxes 14,260.21
Wages 168,667.30
Workers Comp 4,627.00
Total Payroll Expenses 187,554.51
Professional Development 319.00
Rent & Lease 23,976.60
Repairs & Maintenance 1,564.28
Shipping and Postage 646.93
Swag 2,179.99
Houses into Homes
Profit and Loss
January - December 2023
Cash Basis Thursday, December 5, 2024 09:10 AM GMT-06:00 3/3
TOTAL
Taxes & Licenses
Car Registration 253.30
Total Taxes & Licenses 253.30
Utilities
Internet 588.00
Landfill 132.95
Telephone 767.47
Total Utilities 1,488.42
Total Expenses $322,429.62
NET OPERATING INCOME $82,796.89
Other Income
Unrealized Gain -277.65
Total Other Income $ -277.65
NET OTHER INCOME $ -277.65
NET INCOME $82,519.24
Houses into Homes
Profit and Loss
January - November, 2024
Cash Basis Thursday, December 5, 2024 09:09 AM GMT-06:00 1/3
TOTAL
Income
Credit Card Cashback 1,664.71
Interest Income 9,610.84
Sales -1,808.32
Business Donation 34,443.89
CFJC Donation - Individual 200.00
Event 17,587.74
Event- Auction 2,596.20
Grant Award 69,845.83
Individual Donation 235,183.43
Individual Donation (Recurring)32,436.99
Nonprofit Org Donation 12,275.00
Pick Up Donation 130.00
Total Sales 402,890.76
Sales of Product Income 8,686.84
Uncategorized Income 0.01
Total Income $422,853.16
Cost of Goods Sold
Cost of Goods Sold 844.45
Total Cost of Goods Sold $844.45
GROSS PROFIT $422,008.71
Expenses
Advertising & Marketing 3,003.63
Bank Charges & Fees 49.90
Paypal Fee 165.20
QGiv Fee 372.20
Stripe Fee 2,024.65
United Way Fees 76.19
Venmo Fee 71.73
Total Bank Charges & Fees 2,759.87
Car & Truck 63.01
Auto Repair 501.31
Auto Supplies 1,696.00
Truck Rental 1,283.26
Total Car & Truck 3,543.58
Check-NSF 1,000.00
Contractors
Grant Consultants 1,300.00
Movers 12,121.53
Recruiter 1,325.00
Total Contractors 14,746.53
Houses into Homes
Profit and Loss
January - November, 2024
Cash Basis Thursday, December 5, 2024 09:09 AM GMT-06:00 2/3
TOTAL
Furniture to Provide 105.68
Boxsprings 2,013.37
Cookware 11,454.62
Frames 6,020.89
Household Goods 423.32
Mattress protectors 481.17
Mattresses 7,080.59
Pillows 87.51
Total Furniture to Provide 27,667.15
Gasoline 2,142.90
Gifts 930.35
Hardware 1,287.36
Insurance
Auto Insurance 5,854.00
Liability Insurance 1,755.00
Total Insurance 7,609.00
Job Supplies 1,488.00
Legal & Professional Services 137.68
Accounting-Bookkeeping 2,198.00
Bedbug Dog 5,750.00
Constituent management 92.00
Human Resources (HR) Consulting 10,406.31
Legal Expenses 4,515.15
Total Legal & Professional Services 23,099.14
Meals & Entertainment 3,833.59
Volunteer Meal 792.87
Total Meals & Entertainment 4,626.46
Office Supplies & Software 8,023.75
Cloud service 105.00
Computer Hardware 1,524.17
Online payments 286.90
Total Office Supplies & Software 9,939.82
Payroll Expenses
Taxes 17,179.03
Wages 223,375.27
Workers Comp 3,094.00
Total Payroll Expenses 243,648.30
Professional Development 10,669.94
Purchases 98.57
Rent & Lease 24,873.05
Repairs & Maintenance 414.47
Houses into Homes
Profit and Loss
January - November, 2024
Cash Basis Thursday, December 5, 2024 09:09 AM GMT-06:00 3/3
TOTAL
Shipping and Postage 331.14
Swag 2,144.95
Taxes & Licenses 5.00
Car Registration 304.60
Total Taxes & Licenses 309.60
Travel 161.24
Utilities 25.00
Internet 548.00
Landfill 59.18
Telephone 1,519.48
Total Utilities 2,151.66
Total Expenses $388,646.71
NET OPERATING INCOME $33,362.00
Other Income
Gain/Loss on Sale of Asset -393.00
Refunds received 0.00
Unrealized Gain 1,098.06
Total Other Income $705.06
NET OTHER INCOME $705.06
NET INCOME $34,067.06