Overview
What is Vermilion Housing Corporation?
Vermilion Housing Corporation is a nonprofit organization situated in Tower, Minnesota. With a mission to cater to the housing needs of low-income individuals, they offer 50 subsidized apartment units. These units are specifically designed to accommodate the unique requirements of eligible occupants. The organization's primary activity involves providing subsidized housing, ensuring that low-income tenants have access to affordable living spaces. With a small workforce of just two individuals, Vermilion Housing Corporation plays a significant role in the Tower and Soudan community by offering affordable housing solutions.
Is Vermilion Housing Corporation legitimate?
Vermilion Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Vermilion Housing Corporation 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: $5,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,323
For more financial information, click here
What is the mission statement of Vermilion Housing Corporation?
The Vermilion Housing Corporation's mission is centered around providing subsidized housing units for individuals with low income. They offer 50 apartments, tailored to the unique needs and living requirements of eligible occupants, in both Tower and Soudan. The corporation's primary objective is to make affordable housing accessible to those who require it, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Vermilion Housing Corporation?
James Hill is the President of Vermilion Housing Corporation.
What is the revenue of Vermilion Housing Corporation?
Vermilion Housing Corporation's revenue in 2022 was $219,522.
Who are the executives of Vermilion Housing Corporation and what are their salaries?
The average compensation at Vermilion Housing Corporation during 2022 was $20,928. There are 2 employees at Vermilion Housing Corporation.
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $5,532
- Related: $0
- Other: $0
Where can I find the form 990 for Vermilion Housing Corporation?
Vermilion Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vermilion Housing Corporation
Vermilion Housing Corporation is dedicated to providing subsidized apartments to individuals with low income. In line with this mission, the organization offers 50 housing units that cater to the unique needs and living requirements of eligible tenants. This nonprofit entity strives to make housing more accessible and affordable for those who may struggle to secure suitable accommodations on their own. By offering subsidized housing, Vermilion Housing Corporation aims to contribute to a more inclusive and equitable living environment, ensuring that everyone has a roof over their head, regardless of their financial situation.
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Impact
October, 2024
Vermilion Housing Corporation significantly impacts the community by providing 50 subsidized apartments tailored for low-income tenants in Tower and Soudan, Minnesota. By addressing the housing needs of eligible occupants, the organization helps ensure access to safe and affordable living spaces that meet specific special needs and living requirements. This initiative not only alleviates the burden of housing costs for low-income individuals and families but also fosters a sense of stability and well-being in the community. The availability of such housing options plays a crucial role in enhancing the quality of life for residents, promoting social inclusivity, and supporting economic resilience within the area.
This information is meant to be a general summary of Vermilion Housing Corporation. 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: $155
- Gross Receipts: $219,522
Assets and Liabilities:
- Total Assets: $412,092
- Total Liabilities: $306,984
- Net Assets: $105,108
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Organization Details
Founding Year
1974
Phone
(218) 753-6111Principal Officer
James Hill
Main Address
PO BOX 609, TOWER, MN, 55790
NTEE Category
Code: L20 - Housing
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