Overview
What is Northwest Iowa Regional Housing Tru?
Northwest Iowa Regional Housing Tru is a nonprofit organization situated in Spencer, Iowa. Their primary focus is to provide affordable housing solutions for low and moderate-income individuals residing within their six-county region. They accomplish this mission through the provision of both forgivable and repayable loans, made possible by a grant from the Iowa Finance Authority and additional local capital. The organization's dedication extends to the preservation of affordable housing within the region, ensuring that low-income families have access to suitable living spaces.
Is Northwest Iowa Regional Housing Tru legitimate?
Northwest Iowa Regional Housing Tru is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Iowa Regional Housing Tru 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 Northwest Iowa Regional Housing Tru?
The Northwest Iowa Regional Housing Tru's mission is centered around promoting the creation and preservation of affordable housing for individuals with low to moderate income residing within the region. This organization strives to achieve this objective by providing both forgivable and repayable loans to eligible individuals within a six-county area, through a grant from the Iowa Finance Authority and local capital. The primary goal is to ensure that affordable housing options remain accessible to those in need, thereby contributing to a more equitable living environment.
Who is the CEO of Northwest Iowa Regional Housing Tru?
Ted Kourousis is the Director of Northwest Iowa Regional Housing Tru.
What is the revenue of Northwest Iowa Regional Housing Tru?
Northwest Iowa Regional Housing Tru's revenue in 2023 was $403,205.
Who are the executives of Northwest Iowa Regional Housing Tru and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Northwest Iowa Regional Housing Tru?
Northwest Iowa Regional Housing Tru's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Northwest Iowa Regional Housing Tru
Northwest Iowa Regional Housing Tru, as a nonprofit organization, is dedicated to promoting the creation and preservation of affordable housing for low to moderate income individuals residing within the region. Their mission is to ensure that these individuals have access to suitable living spaces, thereby contributing to their overall well-being and quality of life. To accomplish this, the organization provides forgivable and repayable loans to eligible individuals through a grant from the Iowa Finance Authority and local capital. By offering financial assistance, Northwest Iowa Regional Housing Tru helps make housing more affordable, thereby increasing housing options for those in need. This, in turn, contributes to a more stable and secure living environment for the individuals and families they serve.
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Impact
October, 2024
Northwest Iowa Regional Housing Tru significantly impacts the community by ensuring access to affordable housing for low to moderate-income residents within its six-county region. By providing forgivable and repayable loans, it enables individuals and families to secure safe and stable housing, fostering economic stability and community development. These efforts contribute to the preservation of existing housing stock, allowing residents to maintain their homes and neighborhoods. The organization's collaboration with the Iowa Finance Authority and local capital amplifies its ability to support those in need, ultimately enhancing the quality of life in the region.
This information is meant to be a general summary of Northwest Iowa Regional Housing Tru. 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 2023.
- Investment Income: $2,179
- Program Service Revenue: $5,074
- Gross Receipts: $403,205
Assets and Liabilities:
- Total Assets: $2,002,451
- Total Liabilities: $5,232
- Net Assets: $1,997,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,074
Organization Details
Founding Year
2010
Phone
(712) 262-7225Principal Officer
Ted Kourousis
Main Address
217 W 5TH STREET, SPENCER, IA, 51301
NTEE Category
Code: L99 - Housing
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