Overview
What is Grinnell Area Housing Inc?
Grinnell Area Housing Inc is a nonprofit organization primarily located in Mechanicsville, Iowa. Their mission is centered around providing affordable housing options for elderly and low-income residents. In 2022, they managed three apartment buildings, housing a total of 63 units. Their dedicated efforts resulted in maintaining a high occupancy rate of 76%. With a modest workforce of just two individuals, Grinnell Area Housing Inc continues to cater to the housing needs of their community's underserved population.
Is Grinnell Area Housing Inc legitimate?
Grinnell Area Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Grinnell 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.
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What is the mission statement of Grinnell Area Housing Inc?
Grinnell Area Housing Inc's mission is centered around providing affordable rental housing for elderly and low-income residents. This mission is executed by leasing multiple apartment buildings, including three with a total of 63 units in 2022. The corporation's dedication to this cause resulted in maintaining an occupancy rate of 76% in 2022, catering to rural residents in need. By offering affordable housing, Grinnell Area Housing Inc contributes to enhancing the living standards of its target demographic, ensuring they have access to suitable housing solutions.
Who is the CEO of Grinnell Area Housing Inc?
Frank Shults is the President of Grinnell Area Housing Inc.
What is the revenue of Grinnell Area Housing Inc?
Grinnell Area Housing Inc's revenue in 2022 was $332,218.
Who are the executives of Grinnell Area Housing Inc and what are their salaries?
There are 2 employees and 6 volunteers at Grinnell Area Housing Inc.
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Where can I find the form 990 for Grinnell Area Housing Inc?
Grinnell Area Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grinnell Area Housing Inc
Grinnell Area Housing Inc is a nonprofit organization committed to providing affordable rental housing for elderly and low-income residents. Their mission is clearly outlined as they strive to lease apartment buildings that cater to this specific demographic. In 2022, they successfully managed 3 such buildings, housing a total of 63 units. Maintaining a high level of occupancy, Grinnell Area Housing Inc managed to keep 76% of these units filled, demonstrating their dedication to serving this community. By offering affordable housing options, this organization plays a vital role in ensuring that elderly and low-income individuals have a safe and secure place to live, contributing to their overall well-being and quality of life.
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Impact
October, 2024
Grinnell Area Housing Inc significantly contributes to the community by providing affordable rental housing to elderly and low-income residents in Mechanicsville, IA. With three apartment buildings comprising a total of 63 units, the organization plays a crucial role in ensuring stable housing options for vulnerable populations. In 2022, it successfully maintained a 76% occupancy rate, reflecting its importance in meeting the housing needs of the community. By focusing on this demographic, Grinnell Area Housing Inc helps foster a sense of security and stability, allowing residents to thrive in a supportive environment.
This information is meant to be a general summary of Grinnell 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: $140
- Program Service Revenue: $332,078
- Gross Receipts: $332,218
Assets and Liabilities:
- Total Assets: $320,340
- Total Liabilities: $215,681
- Net Assets: $104,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$137,127
RENTAL ASSISTANCE
Revenue
$119,511
OTHER PROJECT SOURCES
Revenue
$59,604
INTEREST SUBSIDY
Revenue
$12,846
LAUNDRY/CABLE
Revenue
$2,990
Organization Details
Founding Year
1974
Phone
(563) 432-6160Principal Officer
Frank Shults
Main Address
PO BOX 460, MECHANICSVILLE, IA, 52306
NTEE Category
Code: L22 - Housing
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