Humboldt Homes Ltd

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237409470 ✦ Humboldt, IA ✦ Designated as a 501(c)(4)

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Overview

What is Humboldt Homes Ltd?

Humboldt Homes Ltd is a small, nonprofit organization situated in Humboldt, Iowa. With a single employee, their primary focus is on providing affordable housing for the elderly and individuals with disabilities. Specifically, they manage a low-income housing project, accommodating up to 100 residents. This project serves as a vital resource for these groups, ensuring they have access to safe and comfortable living spaces. The organization's mission revolves around improving the living conditions and overall quality of life for these individuals, contributing positively to their community.

Is Humboldt Homes Ltd legitimate?

Humboldt Homes Ltd is a legitimate nonprofit organization registered as a 501(c)(4) entity. Humboldt Homes Ltd 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: $59,262

For more financial information, click here

What is the mission statement of Humboldt Homes Ltd?

Humboldt Homes Ltd is dedicated to providing low-income housing solutions for the elderly and handicapped individuals. Their mission is centered around ensuring these vulnerable groups have a suitable living environment. They manage a 100-unit project, providing a secure and supportive living space that caters to their specific needs. The organization's activities are focused on fostering an inclusive and compassionate living environment for these individuals, promoting their overall well-being and quality of life.

Who is the CEO of Humboldt Homes Ltd?

Ron Rasmussen is the Director of Humboldt Homes Ltd.

What is the revenue of Humboldt Homes Ltd?

Humboldt Homes Ltd's revenue in 2022 was $550,486.

Who are the executives of Humboldt Homes Ltd and what are their salaries?

The average compensation at Humboldt Homes Ltd during 2022 was $59,262. There is 1 employee and 9 volunteers at Humboldt Homes Ltd.


Here are 9 key members and their salaries:


Merlin Graaf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Rasmussen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Timm (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Kollmorgen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Malloy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Whittlesey (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Kleve (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deb Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Goche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Humboldt Homes Ltd?

Humboldt Homes Ltd's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Humboldt Homes Ltd

Humboldt Homes Ltd is committed to providing affordable housing for the elderly and handicapped individuals. Their mission is centered around creating a living environment that caters to the unique needs of this vulnerable population, ensuring they live with dignity and independence. The organization focuses on operating a 100-unit low income housing project, offering a safe and supportive living space for these individuals. The expense of operating this project is a testament to Humboldt Homes Ltd's dedication to providing a high-quality living standard for its residents.

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Impact




October, 2024

Humboldt Homes Ltd plays a vital role in providing low-income housing for the elderly and handicapped in Humboldt, Iowa. By operating a 100-unit housing project, the organization addresses a significant need within the community, ensuring that vulnerable populations have access to safe and affordable living spaces. This initiative not only enhances the quality of life for residents but also fosters a sense of community and support among individuals who may otherwise face isolation or financial hardship. The commitment to serving the elderly and handicapped directly impacts the overall well-being of these individuals, contributing to their dignity, independence, and security. Through its focused mission, Humboldt Homes Ltd significantly improves the housing landscape for those in need in the region.




This information is meant to be a general summary of Humboldt Homes Ltd. 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.

Revenue
$550,486 (2022)
Expenses
$586,244 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $48
  • Program Service Revenue: $550,438
  • Gross Receipts: $550,486

Assets and Liabilities:

  • Total Assets: $1,250,943
  • Total Liabilities: $363,783
  • Net Assets: $887,160

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Laundry & Vending Income

Revenue

$14,318

Rent & Rental Assistance

Revenue

$536,120

Organization Details

Founding Year

1975

Principal Officer

Ron Rasmussen

Main Address

1107 19 N, Humboldt, IA, 50548

NTEE Category

Code: L22 - Housing

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