Overview
What is Forest Acres Inc?
Forest Acres Inc, located in Sioux City, Iowa, is a nonprofit organization dedicated to providing housing solutions for the physically and mentally disabled, as well as the elderly. Financed under Section 202 of the Housing Act of 1959 by the U.S. Department of Housing and Urban Development (HUD), the organization operates a 21-unit apartment complex that serves as a home for these individuals. The primary mission of Forest Acres Inc is to offer a safe and supportive living environment, promoting independence and well-being for its residents. The organization's activities are centered around this mission, ensuring that the physically and mentally disabled, and the elderly, have access to secure, comfortable housing.
Is Forest Acres Inc legitimate?
Forest Acres Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Acres 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.
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What is the mission statement of Forest Acres Inc?
Forest Acres Inc, as an organization, is committed to providing housing solutions for individuals who are physically and mentally disabled and the elderly. Their mission, in simpler terms, is to offer residential accommodations that cater to the needs of this specific demographic. Funding for this operation comes from the Department of Housing and Urban Development (HUD), under Section 202 of the Housing Act of 1959. The organization operates a 21-unit apartment complex to fulfill this mission.
Who is the CEO of Forest Acres Inc?
Charlotte Nelson is the Chairperson of Forest Acres Inc.
What is the revenue of Forest Acres Inc?
Forest Acres Inc's revenue in 2022 was $218,498.
Who are the executives of Forest Acres Inc and what are their salaries?
There 12 volunteers at Forest Acres Inc.
Here are 14 key members and their salaries:
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- Related: $185,835
- Other: $52,193
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- Related: $106,854
- Other: $17,503
Where can I find the form 990 for Forest Acres Inc?
Forest Acres Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forest Acres Inc
Forest Acres Inc, a nonprofit organization, is dedicated to providing housing for individuals who are physically and mentally disabled, as well as the elderly. Their mission is to offer a safe and comfortable living environment where these individuals can thrive. This is achieved through the operation of a 21-unit apartment complex, which is financed by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the Housing Act of 1959. Forest Acres Inc's commitment extends beyond just providing a place to live. They ensure that the expenses involved in operating this complex are managed effectively, ensuring that the housing remains accessible and suitable for their residents.
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Impact
October, 2024
Forest Acres Inc significantly impacts the community by providing essential housing for the physically and mentally disabled, as well as the elderly. By operating a 21-unit apartment complex, it ensures that these vulnerable populations have access to safe and supportive living environments. Financed under HUD's Section 202 of the Housing Act of 1959, the organization addresses a critical need for affordable housing, thereby enhancing the quality of life for its residents. This mission not only fosters independence but also promotes a sense of community and belonging for individuals who may otherwise face isolation and insecurity. Additionally, by focusing on human services, Forest Acres Inc plays a vital role in advocating for and improving the living conditions of those most in need within Sioux City, Iowa.
This information is meant to be a general summary of Forest Acres 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: $67
- Program Service Revenue: $84,778
- Gross Receipts: $218,498
Assets and Liabilities:
- Total Assets: $325,079
- Total Liabilities: $638,205
- Net Assets: -$313,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT REVENUE
Revenue
$84,778
Organization Details
Founding Year
1987
Phone
(712) 258-4511Principal Officer
Charlotte Nelson
Main Address
3100 W 4TH STREET, SIOUX CITY, IA, 51103
NTEE Category
Code: P73Z - Human services
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