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Iona House Corporation

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

EIN: 650421306 ✦ Bonita springs, FL ✦ Designated as a 501(c)(3)

Overview

What is Iona House Corporation?

Iona House Corporation is a nonprofit organization based in Bonita Springs, Florida, with a 30-year history of providing affordable rental housing to low-income families. Their approach is characterized by accountability, aiming to help families transition towards self-sufficiency. The organization encourages tenants to work towards independence by implementing an annual rent increase system that contributes to a savings program. This program is disbursed to tenants upon the conclusion of their tenancy, enabling them to make a down payment for homeownership or afford market-rate rents. Iona House Corporation's mission is to assist families in moving out of subsidized housing and into the mainstream housing market.


Official website here: www.ionahousecorp.com

Is Iona House Corporation legitimate?

Iona House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iona House 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


Official website here: www.ionahousecorp.com

What is the mission statement of Iona House Corporation?

Iona House Corporation's mission is centered around helping families transition from subsidized housing to the market. This is achieved through an accountability-driven model, where annual rent increases are saved by the tenants for future use. Upon the end of their tenancy, the saved funds can be utilized for a home purchase down payment or to afford market-rate rents. The corporation has been providing low-income rental housing to families for three decades, with a focus on fostering independence.


Official website here: www.ionahousecorp.com

Who is the CEO of Iona House Corporation?

Joseph Gallagher is the Director of Iona House Corporation.


Official website here: www.ionahousecorp.com

What is the revenue of Iona House Corporation?

Iona House Corporation's revenue in 2022 was $80,310.


Official website here: www.ionahousecorp.com

Who are the executives of Iona House Corporation and what are their salaries?

Here are 6 key members and their salaries:

    Joseph Gill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Kaluza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Trew (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Gallagher (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rigoberto Rodriguez (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Kiernan (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ionahousecorp.com

    Where can I find the form 990 for Iona House Corporation?

    The Iona House Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ionahousecorp.com

    Learn more at the official website: www.ionahousecorp.com

    Mission Statement of Iona House Corporation

    Iona House Corporation, a nonprofit organization, is committed to assisting families in transitioning from subsidized housing to the market. Their mission is to promote self-sufficiency and financial independence among their tenants. Iona achieves this by implementing an accountability-based model, where annual rent increases are set aside in a savings program. Upon the conclusion of the tenancy, the accumulated savings are made available to the tenant, either as a down payment for a home purchase or to cover the expenses of affording market-rate rents. By providing affordable housing and encouraging financial responsibility, Iona House Corporation empowers its residents to take control of their living situations and work towards a more stable future.

    Impact

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




    Sunday, August 4, 2024

    Iona House Corporation's impact can be seen in the transformation of low-income families' lives in Bonita Springs, Florida. By providing a model of accountability and support, Iona helps families transition from subsidized housing to market-rate rentals or homeownership. Through their unique savings program, annual rent increases are saved for tenants, ultimately helping them achieve financial stability and independence. With a focus on empowering families to work towards self-sufficiency, Iona House Corporation has been making a meaningful difference in the community for over 30 years.





    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: $1,700
  • Program Service Revenue: $78,100
  • Gross Receipts: $80,310

    • Assets and Liabilities:
  • Total Assets: $1,209,631
  • Total Liabilities: $0
  • Net Assets: $1,209,631
  • Programs

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

    low income monthly rents

    Revenue

    $78,100

    Organization Details

    Founding Year

    1993

    Principal Officer

    Joseph Gallagher

    Main Address

    10290 Indiana Street, Bonita Springs, FL, 34135

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Iona House 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.