Overview
What is Albert Lea Trades & Labor Assembly Senior Housing Inc?
Albert Lea Trades & Labor Assembly Senior Housing Inc is a nonprofit organization situated in Albert Lea, Minnesota. Their primary goal is to provide affordable housing options for individuals who meet the criteria of being elderly or having low income. The organization operates with a total of 5 employees and plays a significant role in the community by offering 154 subsidized apartments. This initiative aims to enhance the living standards and provide a stable housing environment for those in need.
Official website here: www.albertleaseniorhousing.com
Is Albert Lea Trades & Labor Assembly Senior Housing Inc legitimate?
Albert Lea Trades & Labor Assembly Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Albert Lea Trades & Labor Assembly Senior 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $69,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,026
For more financial information, click here
Official website here: www.albertleaseniorhousing.com
What is the mission statement of Albert Lea Trades & Labor Assembly Senior Housing Inc?
Albert Lea Trades & Labor Assembly Senior Housing Inc is committed to providing subsidized rental housing for individuals who meet both elderly and low-income qualifications. This organization operates with the goal of making housing accessible for a section of the population who may otherwise face housing challenges due to their financial circumstances and age. Through their efforts, they provide 154 apartments that cater to this specific demographic, ensuring they have a secure and affordable place to live.
Official website here: www.albertleaseniorhousing.com
Who is the CEO of Albert Lea Trades & Labor Assembly Senior Housing Inc?
Richard Chapman is the Chair of Albert Lea Trades & Labor Assembly Senior Housing Inc.
Official website here: www.albertleaseniorhousing.com
What is the revenue of Albert Lea Trades & Labor Assembly Senior Housing Inc?
Albert Lea Trades & Labor Assembly Senior Housing Inc's revenue in 2022 was $1,150,938.
Official website here: www.albertleaseniorhousing.com
Who are the executives of Albert Lea Trades & Labor Assembly Senior Housing Inc and what are their salaries?
The average compensation at Albert Lea Trades & Labor Assembly Senior Housing Inc during 2022 was $22,747. There are 5 employees and 9 volunteers at Albert Lea Trades & Labor Assembly Senior Housing Inc.
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- Compensation: $32,810
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- Compensation: $2,594
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Official website here: www.albertleaseniorhousing.com
Where can I find the form 990 for Albert Lea Trades & Labor Assembly Senior Housing Inc?
Albert Lea Trades & Labor Assembly Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albertleaseniorhousing.com
Learn more at the official website: www.albertleaseniorhousing.com
Mission Statement of Albert Lea Trades & Labor Assembly Senior Housing Inc
Albert Lea Trades & Labor Assembly Senior Housing Inc is committed to providing subsidized rental housing for individuals who are elderly or fall under the category of low income. This nonprofit organization strives to make a significant impact by offering 154 apartments for eligible residents. The mission of Albert Lea Trades & Labor Assembly Senior Housing Inc is to create a living environment that is both affordable and secure for its residents, ensuring they can live with dignity and independence. By providing subsidized rental housing, this organization contributes to the well-being of its community members, offering them a stable living situation during their golden years.
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Impact
October, 2024
Albert Lea Trades & Labor Assembly Senior Housing Inc plays a crucial role in the community by providing subsidized rental housing specifically designed for elderly individuals and low-income residents. By operating 154 apartments, the organization addresses a significant need for affordable living options in Albert Lea, Minnesota. This initiative not only enhances the quality of life for its residents, ensuring they have access to safe and accessible housing, but also fosters a sense of community among seniors who may otherwise face isolation. The availability of affordable housing directly contributes to the overall well-being of the community, enabling individuals to maintain their independence and dignity while living in an environment that supports their needs.
This information is meant to be a general summary of Albert Lea Trades & Labor Assembly Senior Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $177
- Program Service Revenue: $1,139,555
- Gross Receipts: $1,150,938
Assets and Liabilities:
- Total Assets: $2,053,967
- Total Liabilities: $2,367,910
- Net Assets: -$313,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIZED RENTAL HOUS
Revenue
$1,124,679
LAUNDRY REVENUE
Revenue
$14,876
Organization Details
Founding Year
1971
Phone
(507) 373-5391Principal Officer
Richard Chapman
Main Address
915 MAPLEHILL DRIVE, ALBERT LEA, MN, 56007
NTEE Category
Code: L22 - Housing
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