Overview
What is Level Acres Non-Profit Housing Corp?
Level Acres Non-Profit Housing Corporation is a dedicated organization that focuses on providing affordable living solutions for individuals with financial difficulties. Financed by HUD-guaranteed loans, the corporation offers low-income housing to its tenants, supplementing their living expenses as well. The organization's mission is deeply rooted in social responsibility, aiming to alleviate housing-related challenges faced by people in need.
Official website here: www.properties.medallionmgmt.com
Is Level Acres Non-Profit Housing Corp legitimate?
Level Acres Non-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Level Acres Non-Profit Housing Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,469
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Official website here: www.properties.medallionmgmt.com
What is the mission statement of Level Acres Non-Profit Housing Corp?
Level Acres Non-Profit Housing Corporation is committed to offering affordable living solutions for individuals with limited financial resources. They achieve this by providing low income housing, financed through HUD guaranteed loans, and subsidizing their tenants. The corporation's mission is centered around enhancing the living conditions of financially challenged individuals, offering them a decent place to call home.
Official website here: www.properties.medallionmgmt.com
Who is the CEO of Level Acres Non-Profit Housing Corp?
Bruce Zenner Ii is the Vice-Chair of Level Acres Non-Profit Housing Corp.
Official website here: www.properties.medallionmgmt.com
What is the revenue of Level Acres Non-Profit Housing Corp?
Level Acres Non-Profit Housing Corp's revenue in 2022 was $252,472.
Official website here: www.properties.medallionmgmt.com
Who are the executives of Level Acres Non-Profit Housing Corp and what are their salaries?
There 4 volunteers at Level Acres Non-Profit Housing Corp.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.properties.medallionmgmt.com
Where can I find the form 990 for Level Acres Non-Profit Housing Corp?
Level Acres Non-Profit Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.properties.medallionmgmt.com
Learn more at the official website: www.properties.medallionmgmt.com
Mission Statement of Level Acres Non-Profit Housing Corp
Level Acres Non-Profit Housing Corporation is committed to providing affordable living solutions for individuals and families who face financial challenges. Its mission, in essence, is to extend a helping hand by offering low-income housing to its tenants. The corporation achieves this through the utilization of housing financed by loans guaranteed by the HUD, while also providing subsidies to its residents. By doing so, Level Acres Non-Profit Housing Corporation aims to make housing more accessible and affordable for those who may otherwise struggle to secure adequate living arrangements.
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Impact
October, 2024
Level Acres Non-Profit Housing Corp plays a significant role in providing affordable housing options for low-income individuals and families in Kalkaska, MI. By utilizing HUD guaranteed loans, the organization ensures that residents have access to stable and secure living conditions, which are crucial for fostering a sense of community and improving overall quality of life.
Through its subsidy programs, Level Acres effectively reduces the financial burden on tenants, allowing them to allocate resources towards essential needs such as healthcare, education, and employment. This support not only helps lift families out of economic hardship but also contributes to the local economy by enabling residents to engage more fully in their community.
Overall, the organization's commitment to affordable living directly addresses the challenges faced by financially vulnerable populations, helping to create a more equitable society and enhancing the well-being of the region.
This information is meant to be a general summary of Level Acres Non-Profit Housing Corp. 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: $16
- Program Service Revenue: $250,820
- Gross Receipts: $252,472
Assets and Liabilities:
- Total Assets: $574,320
- Total Liabilities: $18,365
- Net Assets: $555,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$140,321
TENANT ASSSISTANCE PAY
Revenue
$110,489
NSF & LATE CHARGES
Revenue
$10
Organization Details
Founding Year
1997
Phone
(231) 276-5065Principal Officer
Bruce Zenner Ii
Main Address
419 SOUTH CORAL STREET, KALKASKA, MI, 49646
NTEE Category
Code: L80Z - Housing
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