Overview
What is House Of Peace Inc?
House of Peace Inc, located in Cottage Grove, Wisconsin, is a nonprofit organization that focuses on providing affordable housing solutions for low-income elderly individuals. Situated at 520 Limerick Drive Apt 117, this organization operates a 24-unit apartment complex in Platteville, Wisconsin. Tenant rent payments are calculated as a proportion of their total income, adhering to federal guidelines. Over the past few years, House of Peace Inc has managed to achieve an impressive occupancy rate of over 90%. The organization's mission is to provide affordable, low-cost rental units to the elderly living in rural Wisconsin.
Is House Of Peace Inc legitimate?
House Of Peace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. House Of Peace 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,034
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What is the mission statement of House Of Peace Inc?
House of Peace Inc's mission is centered around providing affordable housing for low-income elderly tenants. The organization strives to fulfill this mission by offering low-cost rental units, ensuring that the rent payments are proportionate to the tenants' total income and adhering to federal guidelines. House of Peace Inc's apartment complex in Platteville, Wisconsin, has consistently maintained high occupancy rates, surpassing 90% in recent years, demonstrating its commitment to addressing the housing needs of its target demographic.
What is the revenue of House Of Peace Inc?
House Of Peace Inc's revenue in 2021 was $475,015.
Who are the executives of House Of Peace Inc and what are their salaries?
There 3 volunteers at House Of Peace Inc.
Here are 3 key members and their salaries:
- 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 House Of Peace Inc?
House Of Peace Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of House Of Peace Inc
House of Peace Inc, a nonprofit organization, is committed to serving low-income elderly tenants. Their mission, in simple terms, is to provide affordable rental housing. This mission is carried out by offering low-cost rental units to the elderly population who fall under the category of low income. The organization's aim is to make housing more accessible and affordable for this vulnerable group, ensuring they can maintain a decent standard of living. House of Peace Inc adheres to federal guidelines when calculating tenant rent payments, which are based on a percentage of their total income. The organization's 24-unit apartment complex in Platteville, Wisconsin, has consistently achieved high occupancy rates, demonstrating the demand and success of its mission.
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Impact
October, 2024
House Of Peace Inc significantly impacts the community by offering affordable rental housing specifically designed for low-income elderly tenants in Platteville, Wisconsin. By providing 24 units of housing that are carefully managed to ensure that rent payments are based on the tenants' total income and comply with federal guidelines, the organization addresses the crucial need for accessible living arrangements for seniors. With over 90% occupancy in recent years, House Of Peace Inc demonstrates its effectiveness in meeting this need, creating a stable and supportive environment for vulnerable populations. The mission aligns with the broader goal of enhancing the quality of life for low-income elderly residents, enabling them to live with dignity and security in their later years.
This information is meant to be a general summary of House Of Peace 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 2021.
- Investment Income: $378,223
- Program Service Revenue: $42,091
- Gross Receipts: $641,834
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$39,742
LAUNDRY INCOME
Revenue
$2,349
Organization Details
Founding Year
1979
Principal Officer
Judy Goke
NTEE Category
Code: L22Z - Housing
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