Overview
What is Monroe Senior Housing Inc?
Monroe Senior Housing Inc is a nonprofit organization, headquartered in Mechanicsville, Iowa, that is dedicated to providing affordable housing for elderly rural residents with low or moderate income. They adhere to USDA Rural Development regulations to ensure eligibility for their services. The corporation's primary objective is to acquire, construct, and operate rental housing and related facilities to cater to the living needs of these individuals. During the year, their project saw a high occupancy rate of 95%.
Is Monroe Senior Housing Inc legitimate?
Monroe Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Monroe 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Monroe Senior Housing Inc?
Monroe Senior Housing Inc was established with the primary objective of providing suitable living accommodations for elderly rural residents with low or moderate income. The corporation's mission involves acquiring, constructing, and operating rental housing and related facilities that cater to the specific living requirements of this demographic. By doing so, Monroe Senior Housing Inc aims to contribute to improving the quality of life for these individuals, ensuring they have access to appropriate housing solutions. The organization adheres to USDA Rural Development regulations to provide these low-income rental housing units.
Who is the CEO of Monroe Senior Housing Inc?
Cary Diekema is the President of Monroe Senior Housing Inc.
What is the revenue of Monroe Senior Housing Inc?
Monroe Senior Housing Inc's revenue in 2022 was $94,940.
Who are the executives of Monroe Senior Housing Inc and what are their salaries?
There 5 volunteers at Monroe Senior Housing Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Monroe Senior Housing Inc?
Monroe Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe Senior Housing Inc
Monroe Senior Housing Inc, a nonprofit organization, was established with the primary purpose of addressing the housing needs of elderly rural residents who fall under the categories of low or moderate income. The corporation's mission is centered around acquiring, constructing, and operating rental housing and related facilities that cater to the living requirements of this specific demographic. By doing so, Monroe Senior Housing Inc aims to provide a suitable living environment for this group, ensuring their comfort and well-being. During the year, the project managed by Monroe Senior Housing Inc saw a high occupancy rate of 95%, demonstrating the demand and effectiveness of their services.
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Impact
October, 2024
Monroe Senior Housing Inc plays a crucial role in enhancing the quality of life for elderly residents in Mechanicsville, IA. By acquiring, constructing, and operating rental housing specifically designed for low or moderate-income seniors, the organization provides stable and affordable living options that greatly benefit the community.
With a project occupancy rate of 95%, Monroe Senior Housing Inc effectively meets the urgent housing needs of the region's elderly population. Its commitment to adhering to USDA Rural Development regulations ensures that residents who qualify for assistance can access essential services and a supportive living environment. This not only addresses housing shortages for seniors in rural areas but also fosters a sense of community and belonging among residents.
Ultimately, Monroe Senior Housing Inc significantly impacts the lives of low-income elderly residents by offering them secure and affordable housing, thus empowering them to maintain their independence and dignity in their senior years.
This information is meant to be a general summary of Monroe 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: $2
- Program Service Revenue: $94,938
- Gross Receipts: $94,940
Assets and Liabilities:
- Total Assets: $568,135
- Total Liabilities: $567,600
- Net Assets: $535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RURAL RENTAL HOUSING
Revenue
$58,898
FEES & CONTRACTS GOV AGENCIES
Revenue
$33,673
LAUNDRY AND VENDING
Revenue
$2,367
Organization Details
Founding Year
1976
Phone
(563) 432-6160Principal Officer
Cary Diekema
Main Address
C/O RIGHTWAY MANAGEMENT SERVICES, MECHANICSVILLE, IA, 52306
NTEE Category
Code: L22 - Housing
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