Overview
What is Fairmount Park Senior Housing Inc?
Fairmount Park Senior Housing Inc is a nonprofit organization situated in Des Moines, Iowa, dedicated to providing housing for low-income elderly individuals. Employing funding from the U.S. Department of Housing and Urban Development (HUD) through a section 202 capital advance, the organization manages a 46-unit apartment complex. Tenant rents within this complex are subsidized thanks to additional assistance from section 202 project-based rental assistance (PRAC). This supportive housing initiative aims to improve the living conditions and well-being of the elderly population in the community.
Is Fairmount Park Senior Housing Inc legitimate?
Fairmount Park Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmount Park Senior Housing 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 Fairmount Park Senior Housing Inc?
Fairmount Park Senior Housing Inc, as an organization, is dedicated to providing housing solutions for low-income elderly individuals. They operate a 46-unit apartment complex, financially supported by the U.S. Department of Housing and Urban Development (HUD) through a section 202 capital advance, and rent for the tenants is subsidized by section 202 project-based rental assistance. The primary goal of Fairmount Park Senior Housing Inc is to make affordable housing accessible for this specific demographic, thereby contributing to their well-being and quality of life.
Who is the CEO of Fairmount Park Senior Housing Inc?
Julie Utech is the President of Fairmount Park Senior Housing Inc.
What is the revenue of Fairmount Park Senior Housing Inc?
Fairmount Park Senior Housing Inc's revenue in 2022 was $217,318.
Who are the executives of Fairmount Park Senior Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Fairmount Park Senior Housing Inc?
Fairmount Park Senior Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairmount Park Senior Housing Inc
Fairmount Park Senior Housing Inc is committed to providing affordable housing for low-income elderly individuals. The organization operates a 46-unit apartment complex, which is financially supported by a section 202 capital advance provided by the HUD and tenant rent that is subsidized through section 202 PRAC assistance. This means that the elderly residents of Fairmount Park Senior Housing Inc pay rent that is adjusted to their income level, ensuring that they can maintain a stable living environment without being burdened by exorbitant housing costs. The organization's mission is to provide a safe and comfortable living space for elderly individuals who may not be able to afford housing otherwise, thereby allowing them to live with dignity and independence.
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Impact
October, 2024
Fairmount Park Senior Housing Inc significantly enhances the quality of life for low-income elderly individuals in Des Moines, IA, by providing affordable housing options. With a specially designed 46-unit apartment complex, it offers a supportive living environment tailored to meet the needs of its residents.
The facility's operations are made possible through HUD's Section 202 capital advance, ensuring that financial barriers do not prevent elderly individuals from accessing safe and suitable housing. Additionally, the subsidization of tenant rent through Section 202 PRAC assistance allows residents to allocate their limited resources towards other essential needs, such as healthcare and food, thereby promoting overall well-being.
By fostering a community-oriented atmosphere, Fairmount Park Senior Housing encourages social connections among residents, combating loneliness and isolation that often accompany aging. The organization plays a pivotal role in enhancing the living standards of seniors in the area, ensuring they can enjoy their later years with dignity, comfort, and support.
This information is meant to be a general summary of Fairmount Park Senior Housing 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: $218
- Program Service Revenue: $182,922
- Gross Receipts: $217,318
Assets and Liabilities:
- Total Assets: $1,305,984
- Total Liabilities: $2,708,974
- Net Assets: -$1,402,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$182,922
Organization Details
Founding Year
1997
Phone
(515) 243-8300Principal Officer
Julie Utech
Main Address
2930 BELL AVENUE, DES MOINES, IA, 50321
NTEE Category
Code: L80 - Housing
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