Overview
What is North Vernon Senior Housing Inc?
North Vernon Senior Housing Inc is a nonprofit organization located at 45 Henry Street, North Vernon, Indiana. Their primary mission is to offer subsidized rental housing to low-income senior citizens. To achieve this goal, they have obtained loans and utilized the funds to construct the necessary housing units. With a small workforce of four employees, North Vernon Senior Housing Inc is committed to providing a comfortable living environment for senior citizens who may struggle financially.
Is North Vernon Senior Housing Inc legitimate?
North Vernon Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. North Vernon Senior 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $41,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,136
For more financial information, click here
What is the mission statement of North Vernon Senior Housing Inc?
North Vernon Senior Housing Inc is committed to providing subsidized rental housing for senior citizens with low income. Their mission is to contribute to the wellbeing of these individuals by offering them affordable housing options. The organization's main activity revolves around constructing and maintaining rental assisted housing units, which serve as the foundation for their program services. The financial aspect of their operations involves incurring interest expenses on the loans obtained to fund the development of these housing units.
Who is the CEO of North Vernon Senior Housing Inc?
Amy Thompson is the President of North Vernon Senior Housing Inc.
What is the revenue of North Vernon Senior Housing Inc?
North Vernon Senior Housing Inc's revenue in 2022 was $381,106.
Who are the executives of North Vernon Senior Housing Inc and what are their salaries?
The average compensation at North Vernon Senior Housing Inc during 2022 was $12,317. There are 4 employees at North Vernon Senior Housing Inc.
Here are 4 key members and their salaries:
- Compensation: $29,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for North Vernon Senior Housing Inc?
North Vernon Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Vernon Senior Housing Inc
North Vernon Senior Housing Inc, as its mission statement suggests, is committed to providing subsidized rental housing for low-income senior citizens. This organization's primary objective is to ensure that elderly individuals who may be financially challenged can still have access to decent living quarters. By offering subsidized housing, North Vernon Senior Housing Inc plays a significant role in promoting the overall well-being and dignity of its senior citizen residents. The organization's mission is instrumental in addressing the housing needs of this vulnerable population, ensuring that they can live in comfort and security.
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Impact
October, 2024
North Vernon Senior Housing Inc significantly impacts the community by providing subsidized rental housing to low-income senior citizens in North Vernon, Indiana. This initiative addresses the critical need for affordable housing among vulnerable populations, enabling seniors to reside in a stable and supportive environment.
By offering rental assistance, North Vernon Senior Housing Inc alleviates financial burdens for seniors, allowing them to allocate their limited resources towards essential needs such as healthcare, food, and transportation. This access to affordable housing fosters greater independence and enhances the quality of life for seniors, ensuring they can remain in the community they know and love.
The organization’s commitment to this mission not only supports individual residents but also strengthens the community as a whole by promoting social inclusion and ensuring that older adults can age with dignity and security. Through the provision of safe and affordable living options, North Vernon Senior Housing Inc plays a crucial role in addressing homelessness and housing instability among seniors, ultimately contributing to a healthier, more vibrant community.
This information is meant to be a general summary of North Vernon Senior 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: $1,053
- Program Service Revenue: $368,038
- Gross Receipts: $381,106
Assets and Liabilities:
- Total Assets: $1,241,526
- Total Liabilities: $1,021,195
- Net Assets: $220,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$365,760
Vending
Revenue
$2,278
Organization Details
Founding Year
1976
Principal Officer
Amy Thompson
Main Address
45 HENRY STREET, North Vernon, IN, 47265
NTEE Category
Code: L22 - Housing
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