Overview
What is Altoona Housing Corporation?
Altoona Housing Corporation is a nonprofit organization that focuses on providing affordable housing options for senior citizens aged 62 and above. Specifically, they manage Golden Acres II, which offers 24 subsidized apartments under the HUD Section 8, 221 D-3 program. The organization covers various expenses related to the facility, such as maintenance, utilities, staff salaries, and relevant taxes and insurances. Their primary mission is to ensure the provision of HUD-subsidized elderly housing, aiming to alleviate housing challenges for this demographic.
Is Altoona Housing Corporation legitimate?
Altoona Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Altoona 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: $19,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,771
For more financial information, click here
What is the mission statement of Altoona Housing Corporation?
Altoona Housing Corporation's mission is centered around providing affordable housing solutions for senior citizens, specifically those aged 62 and above. Under the HUD Section 8 and 221 D-3 programs, the corporation operates Golden Acres II, which offers 24 subsidized apartments. The primary objective of this housing corporation is to ensure the availability of HUD-subsidized elderly housing. To uphold this mission, the corporation incurs various expenses such as maintenance, housekeeping, utilities, insurance, and taxes. The primary focus is on ensuring a comfortable living environment for its elderly residents.
What is the revenue of Altoona Housing Corporation?
Altoona Housing Corporation's revenue in 2024 was $259,742.
Who are the executives of Altoona Housing Corporation and what are their salaries?
The average compensation at Altoona Housing Corporation during 2024 was $6,318. There are 4 employees at Altoona Housing Corporation.
Here are 4 key members and their salaries:
- Compensation: $19,500
- 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 Altoona Housing Corporation?
Altoona Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Altoona Housing Corporation
Altoona Housing Corporation, a nonprofit organization, is committed to providing affordable housing for low-income seniors aged 62 and above. The cornerstone of their mission is Golden Acres II, a housing facility that offers 24 subsidized apartments under the HUD Section 8, 221 D-3 program. The primary objective of Altoona Housing Corporation with Golden Acres II is to ensure elderly individuals have access to subsidized housing, thereby alleviating financial burden and enabling them to focus on their well-being. To maintain this facility, the organization incurs various expenses, including costs associated with grounds and building maintenance, utilities, wages for maintenance and housekeeping staff, insurance, and taxes for employees. By providing a safe and affordable living environment, Altoona Housing Corporation aims to contribute positively to the lives of its senior residents.
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Impact
October, 2024
Altoona Housing Corporation plays a vital role in enhancing the quality of life for low-income seniors aged 62 and older in Altoona, Wisconsin. Through its Golden Acres II program, it offers 24 subsidized apartments, providing secure and affordable housing options for elderly residents. This initiative not only addresses the critical need for accessible housing among seniors but also fosters a sense of community and belonging.
By participating in the HUD Section 8, 221 D-3 program, Golden Acres II ensures that financial barriers are minimized, allowing seniors to allocate resources toward other essential needs such as healthcare and daily living expenses. The organization takes on significant responsibilities, including maintaining the property, covering utilities, and providing salaries for maintenance and housekeeping staff, all of which contribute to a safe and comfortable environment for the residents.
The impact of the Altoona Housing Corporation extends beyond mere housing; it encompasses the dignity and well-being of seniors in the community, enabling them to live independently and with support in their later years.
This information is meant to be a general summary of Altoona 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 2024.
- Investment Income: $46,178
- Gross Receipts: $259,742
Assets and Liabilities:
- Total Assets: $1,105,150
- Total Liabilities: $8,279
- Net Assets: $1,096,871
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Organization Details
Founding Year
1978
Principal Officer
Frances Price
NTEE Category
Code: L20Z - Housing
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