Grundy Center Senior Citizens Housing

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

EIN: 237410740 ✦ Algona, IA ✦ Designated as a 501(c)(4)

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Overview

What is Grundy Center Senior Citizens Housing?

Grundy Center Senior Citizens Housing is a nonprofit organization situated in Grundy Center, Iowa. Their primary goal is to offer affordable housing solutions to the elderly, disabled, and families in need. Prospective residents are expected to pay 30% of their annual income, with the remaining balance covered by USDA/Rural Development subsidies. This funding ensures that the dwellings remain safe and reliable for the residents. The organization's mission is centered on providing essential housing assistance to individuals who might otherwise struggle to afford suitable living conditions.

Is Grundy Center Senior Citizens Housing legitimate?

Grundy Center Senior Citizens Housing is a legitimate nonprofit organization registered as a 501(c)(4) entity. Grundy Center Senior Citizens Housing 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 Grundy Center Senior Citizens Housing?

Grundy Center Senior Citizens Housing's mission is centered around providing affordable housing solutions. They cater to elderly, disabled, and low-income families, offering them safe and dependable dwellings. This is accomplished through a rental system where tenants pay 30% of their annual income, with the remaining cost being subsidized by USDA/Rural Development. This approach ensures that those in need have access to suitable housing, thereby promoting a sense of security and stability.

Who is the CEO of Grundy Center Senior Citizens Housing?

Bruce Gordon is the President of Grundy Center Senior Citizens Housing.

What is the revenue of Grundy Center Senior Citizens Housing?

Grundy Center Senior Citizens Housing's revenue in 2022 was $179,514.

Who are the executives of Grundy Center Senior Citizens Housing and what are their salaries?


Here are 3 key members and their salaries:


Bruce Gordon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Schmidt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Riesberg (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Grundy Center Senior Citizens Housing?

Grundy Center Senior Citizens Housing's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Grundy Center Senior Citizens Housing

Grundy Center Senior Citizens Housing is committed to providing affordable housing solutions for elderly, disabled, and families in need. Their mission, in essence, is to offer reasonably priced dwellings that are both safe and reliable. Prospective tenants can anticipate paying a portion of their annual income, with the USDA/Rural Development subsidizing the remaining cost. This financial arrangement ensures that the organization can offer accommodations that are both affordable and sustainable for its residents. By doing so, Grundy Center Senior Citizens Housing aims to contribute to the well-being and security of its community members, enabling them to live with dignity and independence.

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Impact




October, 2024

Grundy Center Senior Citizens Housing significantly impacts the community by providing affordable and safe living options for elderly individuals, disabled persons, and families in Grundy Center, Iowa. By offering low rent housing where tenants typically pay just 30% of their yearly income, the organization addresses critical housing challenges faced by vulnerable populations. The subsidy from USDA/Rural Development further ensures that residents can secure stable and dependable accommodations without financial strain. This initiative not only contributes to the overall well-being of the residents but also fosters a sense of community and support among neighbors, enhancing the quality of life for those who live there.




This information is meant to be a general summary of Grundy Center Senior Citizens Housing. 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
$179,514 (2022)
Expenses
$166,269 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $15
  • Program Service Revenue: $155,262
  • Gross Receipts: $179,514

Assets and Liabilities:

  • Total Assets: $334,693
  • Total Liabilities: $100,586
  • Net Assets: $234,107

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Organization Details

Principal Officer

Bruce Gordon

Main Address

PO Box 476, Algona, IA, 50511

NTEE Category

Code: L22 - Housing

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