Overview
What is Capital Area Housing Corporation?
Capital Area Housing Corporation is a nonprofit organization committed to providing affordable housing for eligible tenants. Adhering to income restrictions set by HUD or Rural Development, the corporation fulfills its mission by offering housing solutions. One of their projects, Betty's Place, is a 12-unit apartment complex specifically designed for elderly residents in Pierre, South Dakota. Currently, Betty's Place is actively accepting tenants, demonstrating the organization's ongoing dedication to its cause.
Is Capital Area Housing Corporation legitimate?
Capital Area Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,681
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What is the mission statement of Capital Area Housing Corporation?
Capital Area Housing Corporation's mission is centered around providing affordable housing opportunities to eligible individuals who meet the income requirements set by HUD or Rural Development. The corporation accomplishes this mission through projects such as Betty's Place, a 12-unit apartment complex designed for elderly residents. Currently, Betty's Place is open and actively accepting tenants.
Who is the CEO of Capital Area Housing Corporation?
Will Mortensen is the Chairperson of Capital Area Housing Corporation.
What is the revenue of Capital Area Housing Corporation?
Capital Area Housing Corporation's revenue in 2022 was $123,415.
Who are the executives of Capital Area Housing Corporation and what are their salaries?
There 9 volunteers at Capital Area Housing Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Capital Area Housing Corporation?
Capital Area Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Capital Area Housing Corporation
Capital Area Housing Corporation, as a nonprofit organization, is dedicated to providing low-income housing opportunities for eligible tenants. It achieves this mission by adhering to income requirements set forth by the HUD (U.S. Department of Housing and Urban Development) or Rural Development. One of the ways this mission is fulfilled is through projects like Betty's Place, a 12-unit apartment complex specifically designed for elderly residents in Pierre, South Dakota. This project, which is currently in operation and accepting tenants, is a testament to Capital Area Housing Corporation's commitment to providing affordable housing solutions to those in need. By offering such housing options, the organization plays a significant role in ensuring that low-income individuals have access to safe and comfortable living spaces, thereby contributing to their overall well-being.
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Impact
October, 2024
Capital Area Housing Corporation significantly contributes to the community by providing affordable housing for low-income individuals and families. Through initiatives like Betty's Place, a 12-unit apartment complex designed specifically for elderly residents in Pierre, South Dakota, it addresses the critical need for accessible and supportive living arrangements. By ensuring that individuals who meet income requirements established by HUD or Rural Development have a place to call home, the organization plays a vital role in enhancing the quality of life for its residents. Betty's Place not only offers shelter but also fosters a sense of community and belonging among its tenants, making a meaningful impact on their well-being and independence.
This information is meant to be a general summary of Capital Area 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: $15
- Program Service Revenue: $123,400
- Gross Receipts: $123,415
Assets and Liabilities:
- Total Assets: $406,968
- Total Liabilities: $531,714
- Net Assets: -$124,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Revenue
Revenue
$99,820
Interest Subsidy
Revenue
$23,580
Organization Details
Founding Year
1984
Phone
(701) 665-1269Principal Officer
Will Mortensen
Main Address
2001 Eastgate Ave, Pierre, SD, 57502
NTEE Category
Code: L20Z - Housing
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