Overview
What is Milford Housing Inc?
Milford Housing Inc is a nonprofit organization situated in Algona, Iowa, with a mission to offer safe and affordable housing to the elderly, disabled, and families residing in the Milford area. They maintain a rent structure that is proportional to the applicant's yearly income, with the remaining expenses covered by the USDA/Rural Development. This system has been instrumental in assisting 22 families in securing homes within their community. The primary goal of Milford Housing is to provide low-cost housing options, ensuring that those in need can reside in a secure environment.
Is Milford Housing Inc legitimate?
Milford Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Milford Housing Inc 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.
What is the mission statement of Milford Housing Inc?
Milford Housing Inc's mission is centered around providing safe and affordable housing options. The organization caters to elderly individuals, disabled persons, and families in need. They establish rent structures based on 30% of the applicant's annual income, with the remaining cost being subsidized by USDA/Rural Development. This approach has enabled Milford Housing Inc to assist 22 families in finding homes within their community. Although the organization's headquarter is situated in Algona, Iowa, its services extend to the Milford area.
Who is the CEO of Milford Housing Inc?
Elaine Green is the President of Milford Housing Inc.
What is the revenue of Milford Housing Inc?
Milford Housing Inc's revenue in 2022 was $105,957.
Who are the executives of Milford Housing Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990EZ for Milford Housing Inc?
Milford Housing Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Milford Housing Inc
Milford Housing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly, disabled, and families in its community. Their primary mission is to offer safe and cost-effective housing options, ensuring that these individuals can reside in a secure environment. Milford Housing achieves this by structuring rent payments at 30% of an applicant's annual income. The remaining balance is subsidized by USDA/Rural Development, making housing more accessible and affordable. This approach has been instrumental in assisting 22 families in finding homes within their community. Milford Housing's mission is a vital contribution to the well-being of its residents, enabling them to maintain a stable living environment while focusing on other aspects of their lives.
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Impact
October, 2024
Milford Housing Inc significantly impacts the Milford community by providing low-rent housing options for the elderly, disabled, and families. With a mission centered on ensuring safe and affordable housing, the organization structures its rent based on 30% of an applicant's yearly income, which allows for broader accessibility to housing. This approach is complemented by subsidies from USDA/Rural Development, making it feasible for individuals and families facing financial challenges.
As a result of their efforts, Milford Housing has successfully assisted 22 families in finding homes, fostering stability and security within the community. Their commitment to serving those in need enhances the quality of life for many residents in the Milford area, combating housing insecurity and contributing to a more inclusive environment. With its office located in Algona, IA, Milford Housing's influence extends through dedicated support and resources, strengthening the community as a whole.
This information is meant to be a general summary of Milford 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: $82
- Program Service Revenue: $104,206
- Gross Receipts: $105,957
Assets and Liabilities:
- Total Assets: $291,005
- Total Liabilities: $173,231
- Net Assets: $117,774
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Organization Details
Phone
(515) 295-2927Principal Officer
Elaine Green
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
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