Overview
What is Medford Area Housing Inc?
Medford Area Housing Inc, doing business as Centennial Apartments, is a nonprofit organization situated in Superior, Wisconsin. Their primary mission is to provide affordable housing for 80 low-income senior citizens and individuals with disabilities residing in Taylor County. They cap the tenants' housing expenses at no more than 30% of their disposable income, while the remaining costs are subsidized by the U.S. Department of Agriculture Rural Development's Rental Assistance Program. By offering this vital service, Medford Area Housing Inc enables people with limited income to live in affordable housing, thereby enhancing their quality of life.
Is Medford Area Housing Inc legitimate?
Medford Area Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medford Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,732
For more financial information, click here
What is the mission statement of Medford Area Housing Inc?
Medford Area Housing Inc's mission is centered around providing affordable housing solutions. This organization specifically targets low-income senior citizens and individuals with disabilities. They strive to make housing affordable by limiting the tenants' housing costs to no more than 30% of their disposable income. The remaining housing costs are subsidized through the Rental Assistance Program of the U.S. Department of Agriculture's Rural Development agency. By doing so, Medford Area Housing Inc enables individuals with limited income to enjoy affordable housing.
Who is the CEO of Medford Area Housing Inc?
Alan Rock is the Principal Officer of Medford Area Housing Inc.
What is the revenue of Medford Area Housing Inc?
Medford Area Housing Inc's revenue in 2022 was $339,247.
Who are the executives of Medford Area Housing Inc and what are their salaries?
There 7 volunteers at Medford Area Housing Inc.
Here are 7 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Medford Area Housing Inc?
Medford Area Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Medford Area Housing Inc
Medford Area Housing Inc, a nonprofit organization, is committed to providing affordable housing solutions for low-income senior citizens and individuals with disabilities. Their mission is centered around making housing accessible for those with limited income, ensuring that their residents only pay up to 30% of their disposable income towards housing costs. The remaining cost is subsidized through the Rental Assistance Program of the U.S. Department of Agriculture Rural Development agency, enabling these individuals to live in affordable housing. This initiative by Medford Area Housing Inc is instrumental in improving the living standards of senior citizens and individuals with disabilities, ensuring they have a secure and affordable place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Medford Area Housing Inc makes a significant impact by providing affordable housing for low-income senior citizens and persons with disabilities in Taylor County, Wisconsin. By serving 80 individuals, the organization facilitates stable housing that allows these community members to thrive. The model ensures that tenants only pay a maximum of 30% of their disposable income on housing costs, making it financially feasible for vulnerable populations. The balance of housing costs is covered through subsidies from the Rental Assistance Program of the U.S. Department of Agriculture Rural Development agency, ensuring that those with limited incomes can access quality housing and live with dignity. This support not only addresses immediate housing needs but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Medford Area 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: $230
- Program Service Revenue: $226,834
- Gross Receipts: $339,247
Assets and Liabilities:
- Total Assets: $554,236
- Total Liabilities: $629,355
- Net Assets: -$75,119
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Fees
Revenue
$226,834
Organization Details
Founding Year
1976
Phone
(715) 394-6617Principal Officer
Alan Rock
Main Address
1416 Cumming Ave, Superior, WI, 54880
NTEE Category
Code: L20Z - Housing
If you are a representative of Medford Area Housing Inc 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.