Poweshiek Area Housing Inc

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

EIN: 421298086 ✦ Grinnell, IA ✦ Designated as a 501(c)(3)

Overview

What is Poweshiek Area Housing Inc?

Poweshiek Area Housing Inc is a nonprofit organization situated in Grinnell, Iowa. With a focus on providing housing solutions, they cater to two distinct groups: senior citizens and individuals with mental disabilities. They accomplish this mission through federally subsidized loans and rental assistance, managing a total of 60 apartments – 9 for mentally handicapped individuals and 51 for the elderly. The organization has successfully achieved an occupancy rate of 81%, demonstrating their effectiveness in meeting the housing needs of their target population.


Is Poweshiek Area Housing Inc legitimate?

Poweshiek Area Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Poweshiek Area Housing Inc 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: $26,049

For more financial information, click here


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

Mission Statement of Poweshiek Area Housing Inc

Poweshiek Area Housing Inc, as a nonprofit organization, is dedicated to providing housing solutions for two distinct groups: senior citizens and individuals with mental disabilities. This mission is carried out through the provision of rental apartments, with 9 units specifically designed for mentally handicapped individuals and 51 units catering to senior citizens. The organization achieves this by leveraging federally subsidized loans and rental assistance, ensuring that housing is affordable and accessible for these groups. The organization has managed to maintain an impressive 81% occupancy rate, demonstrating its success in fulfilling its mission. By providing safe and comfortable housing, Poweshiek Area Housing Inc contributes significantly to the well-being and independence of its residents, enabling them to live fulfilling lives with dignity and respect.

Impact

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




Wednesday, July 24, 2024

Poweshiek Area Housing Inc's impact lies in providing essential housing for senior citizens and mentally handicapped individuals in Grinnell, Iowa. Through the provision of 9 mentally handicapped apartments and 51 elderly apartments with federally subsidized loans and rental assistance, this organization has achieved an impressive 81% occupancy rate. By fulfilling their mission to provide housing for these vulnerable populations, Poweshiek Area Housing Inc plays a crucial role in ensuring that individuals in need have a stable and safe place to call home.





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: $822
  • Program Service Revenue: $530,841
  • Gross Receipts: $531,663

    • Assets and Liabilities:
  • Total Assets: $1,360,090
  • Total Liabilities: $1,807,042
  • Net Assets: -$446,952
  • Programs

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

    FEES & CONTRACTS GOV AGENCIES

    Revenue

    $297,344

    VERY LOW RENTAL INCOME

    Revenue

    $224,993

    LAUNDRY AND VENDING

    Revenue

    $5,182

    CABLE REVENUE

    Revenue

    $2,972

    MISCELLANEOUS INCOME

    Revenue

    $350

    Organization Details

    Founding Year

    1987

    Principal Officer

    Frank Shults

    Main Address

    214 4TH AVE WEST, GRINNELL, IA, 50112

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Poweshiek Area Housing Inc 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.