Overview
What is Duncombe Apartments Incorporated?
Duncombe Apartments Incorporated is a nonprofit organization located in Algona, Iowa. Their primary mission is to provide affordable housing solutions for the elderly, disabled, and families. They achieve this by setting rent at 30% of the applicant's yearly adjusted income and supplementing it with subsidies from USDA/Rural Development. As a result, they have successfully assisted 14 families in securing safe and comfortable living arrangements. The organization's commitment to affordability and housing accessibility makes a significant impact on the local community in Duncombe.
Is Duncombe Apartments Incorporated legitimate?
Duncombe Apartments Incorporated is a legitimate nonprofit organization registered as a 501(c)(4) entity. Duncombe Apartments Incorporated submitted a form 990EZ, 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Duncombe Apartments Incorporated?
Duncombe Apartments Incorporated's mission is centered around providing affordable housing options. The organization aims to assist individuals with low incomes, including the elderly and disabled, by setting their rent at 30% of their yearly adjusted income. To make this more accessible, the organization also utilizes subsidies from USDA/Rural Development. As a result of these initiatives, numerous families have secured safe and comfortable living arrangements. The organization's mission is to make housing more affordable, thereby contributing to the well-being of its residents.
What is the revenue of Duncombe Apartments Incorporated?
Duncombe Apartments Incorporated's revenue in 2024 was $80,313.
Who are the executives of Duncombe Apartments Incorporated and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990EZ for Duncombe Apartments Incorporated?
Duncombe Apartments Incorporated's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Duncombe Apartments Incorporated
Duncombe Apartments Incorporated is dedicated to providing affordable housing solutions for the elderly, disabled, and families. The organization's mission is to ensure that rental costs remain at a manageable 30% of an individual's yearly adjusted income. To make this possible, they supplement these payments with subsidies from USDA/Rural Development. As a result of these efforts, Duncombe Apartments Incorporated has successfully helped 14 families secure safe and comfortable living arrangements. By offering affordable housing options, this nonprofit organization contributes to the well-being of its community members, enabling them to focus on other aspects of their lives.
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Impact
October, 2024
Duncombe Apartments Incorporated plays a vital role in improving the quality of life for residents in Duncombe, Iowa, by providing affordable housing solutions specifically designed for the elderly, disabled, and families. By setting rent at just 30% of the applicant's adjusted yearly income and utilizing subsidies from USDA/Rural Development, the organization ensures that housing remains accessible to those who may struggle financially.
This initiative has had a significant impact, allowing 14 families to secure safe and comfortable living arrangements that might otherwise be out of reach. The presence of affordable housing not only fosters community stability but also contributes to the overall well-being of its residents, helping to alleviate financial stress and promote a sense of belonging in the community. Through its efforts, Duncombe Apartments Incorporated is making a meaningful difference in the lives of its residents and the broader community.
This information is meant to be a general summary of Duncombe Apartments Incorporated. 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 2024.
- Investment Income: $556
- Program Service Revenue: $78,131
- Gross Receipts: $80,313
Assets and Liabilities:
- Total Assets: $78,370
- Total Liabilities: $26,586
- Net Assets: $51,784
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Organization Details
Principal Officer
Joline Klein
NTEE Category
Code: L22 - Housing
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