Overview
What is Area Iii Properties Inc?
Area III Properties Inc is a nonprofit organization situated in Fort Wayne, Indiana. Their primary function is to hold title to a property, generating income from it, and subsequently transferring the entire income, less expenses, to Aging and In-Home Services of Northeast Indiana, Inc. This latter organization is a 501(c)(3) entity that provides support services to older adults and individuals with disabilities in the region. By doing so, Area III Properties Inc effectively contributes to the well-being of these vulnerable groups in their community.
Is Area Iii Properties Inc legitimate?
Area Iii Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Area Iii Properties 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:
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Other Salaries and Wages: $105,427
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What is the mission statement of Area Iii Properties Inc?
Area III Properties Inc's mission is centered around holding title to property and generating income from it. This income, after deducting expenses, is then transferred in its entirety to Aging and In-Home Services of Northeast Indiana Inc., a non-profit organization. This particular organization provides services to older adults and individuals with disabilities. By leasing facilities to Aging and In-Home Services of Northeast Indiana Inc., Area III Properties Inc. indirectly contributes to the provision of essential services to these vulnerable groups.
Who is the CEO of Area Iii Properties Inc?
Connie Benton Wolfe is the Board Member of Area Iii Properties Inc.
What is the revenue of Area Iii Properties Inc?
Area Iii Properties Inc's revenue in 2022 was $596,124.
Who are the executives of Area Iii Properties Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Area Iii Properties Inc?
Area Iii Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Area Iii Properties Inc
Area III Properties Inc, as a nonprofit organization, is committed to holding property titles and generating income from these properties. The primary objective of this income is to subsequently transfer the entire amount, after deducting expenses, to Aging and In-Home Services of Northeast Indiana, Inc. This latter organization is a 501(c)(3) entity that specializes in providing services to older adults and individuals with disabilities. By leasing facilities to Aging and In-Home Services of Northeast Indiana, Inc., Area III Properties Inc plays an instrumental role in supporting this organization's mission and ensuring it has the resources necessary to provide essential services to its target population.
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Impact
October, 2024
Area III Properties Inc plays a vital role in supporting the wellbeing of older adults and individuals with disabilities in Northeast Indiana. By holding title to property and leasing facilities to Aging and In-Home Services of Northeast Indiana, Inc., the organization facilitates the provision of essential services to these populations.
Through the collection of rental income, which is reinvested into programs and services for the community, Area III Properties Inc directly contributes to the financial sustainability of support services for aging individuals. This ensures that vital resources, such as in-home care and community programs, remain accessible to those who need them.
The organization's impact extends beyond just financial support; it actively fosters improvements in community welfare by providing stable, dedicated facilities for services that enhance the quality of life for older adults. By focusing on community improvement, Area III Properties Inc helps create an environment where individuals can age with dignity and receive the necessary assistance to maintain their independence.
This information is meant to be a general summary of Area Iii Properties 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.
- Program Service Revenue: $596,124
- Gross Receipts: $596,124
Assets and Liabilities:
- Total Assets: $2,693,919
- Total Liabilities: $1,995,920
- Net Assets: $697,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME FROM AFFIL
Revenue
$596,124
Organization Details
Founding Year
2001
Phone
(260) 745-1200Principal Officer
Connie Benton Wolfe
Main Address
8101 W JEFFERSON BLVD, FORT WAYNE, IN, 46804
NTEE Category
Code: S47 - Community improvement
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