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Elderly Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411720252 ✦ Faribault, MN ✦ Designated as a 501(c)(3)

Overview

What is Elderly Housing Corporation?

Elderly Housing Corporation is a nonprofit organization situated in Faribault, Minnesota, specifically at 208 NW 1st Ave. Their primary mission is to offer affordable housing options for the elderly and disabled community, aligning with Section B of the National Housing Act. They operate a 51-unit apartment complex that caters to this demographic, dedicated to enhancing their living conditions and promoting a secure and comfortable environment.


Is Elderly Housing Corporation legitimate?

Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elderly Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Elderly Housing Corporation?
Who is the CEO of Elderly Housing Corporation?
What is the revenue of Elderly Housing Corporation?
Who are the executives of Elderly Housing Corporation and what are their salaries?
Where can I find the form 990 for Elderly Housing Corporation?

Mission Statement of Elderly Housing Corporation

The Elderly Housing Corporation, as its name suggests, is dedicated to providing a vital service. Its mission is centered around supplying affordable housing options for the elderly and disabled individuals. By operating a 51-unit apartment complex, this nonprofit organization is instrumental in catering to the housing needs of this particular demographic, in line with Section B of the National Housing Act. The corporation's primary objective is to ensure that the elderly and disabled population have access to suitable and affordable housing, thereby enhancing their quality of life.

Impact

This information is meant to be a general summary of Elderly Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Elderly Housing Corporation provides crucial affordable housing options to elderly and disabled individuals in Faribault, Minnesota. By offering a 51-unit apartment complex, this organization ensures that those in need have a safe and comfortable place to live. This impact directly addresses the housing challenges faced by vulnerable populations in the community, contributing to their overall well-being and quality of life.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,360
  • Program Service Revenue: $194,620
  • Gross Receipts: $512,429

    • Assets and Liabilities:
  • Total Assets: $1,661,755
  • Total Liabilities: $54,330
  • Net Assets: $1,607,425
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENT

    Revenue

    $194,620

    Organization Details

    Founding Year

    1977

    Principal Officer

    Patricia Gustafson

    Main Address

    208 NW 1ST AVE, FARIBAULT, MN, 55021

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Elderly Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.