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Augustana Apartments Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410986508 ✦ Fergus falls, MN ✦ Designated as a 501(c)(3)

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Overview

What is Augustana Apartments Inc?

Augustana Apartments Inc is a nonprofit organization situated in Fergus Falls, Minnesota. Their primary mission is to provide subsidized housing for individuals who fall under the categories of low income, disabled, and elderly. This philanthropic organization works tirelessly to ensure adequate housing for these vulnerable groups, contributing significantly to their well-being and quality of life.

Is Augustana Apartments Inc legitimate?

Augustana Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augustana Apartments 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: $0

For more financial information, click here

What is the mission statement of Augustana Apartments Inc?

Augustana Apartments Inc is committed to providing subsidized housing for individuals who fall under the categories of low income, disabled, and elderly persons. Their mission is to ensure that these individuals have accessible and affordable housing options, thereby improving their quality of life. By offering subsidized housing, Augustana Apartments Inc aims to contribute to a more inclusive and equitable society, where everyone has a roof over their head, regardless of their financial or physical circumstances. The organization's activities are centered around providing housing solutions that cater to the specific needs of its target population, thereby promoting social justice and equality.

Who is the CEO of Augustana Apartments Inc?

Ben Underwood is the President of Augustana Apartments Inc.

What is the revenue of Augustana Apartments Inc?

Augustana Apartments Inc's revenue in 2023 was $328,135.

Who are the executives of Augustana Apartments Inc and what are their salaries?

There 6 volunteers at Augustana Apartments Inc.


Here are 6 key members and their salaries:


Ben Underwood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Heinen (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darren Johnson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cornel Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Gabrielson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darla Neville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Augustana Apartments Inc?

Augustana Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Augustana Apartments Inc

Augustana Apartments Inc, as a nonprofit organization, is dedicated to providing subsidized housing for individuals who fall into three categories: those with low income, the disabled, and the elderly. This mission is a crucial step towards ensuring that these vulnerable groups have access to affordable housing, which is essential for their overall well-being and quality of life. By furnishing subsidized housing, Augustana Apartments Inc is not only meeting a basic need but also contributing to a more inclusive and equitable society. The organization's mission reflects a commitment to supporting those who may face challenges in securing housing due to financial constraints, physical limitations, or advanced age. By providing subsidized housing, Augustana Apartments Inc is helping to bridge this gap and making a significant difference in the lives of those it serves.

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Impact




October, 2024

Augustana Apartments Inc significantly impacts the community by providing essential subsidized housing for low-income, disabled, and elderly individuals. Situated in Fergus Falls, MN, this initiative offers stable living environments that are crucial for those who might otherwise struggle to secure affordable housing options.

By focusing on these vulnerable populations, Augustana Apartments Inc not only addresses immediate housing needs but also promotes a sense of community and belonging. The availability of secure and affordable accommodation allows residents to improve their quality of life, facilitating access to necessary services and resources. This organization plays a vital role in enhancing the well-being of individuals and families by promoting stability and support within the community.




This information is meant to be a general summary of Augustana Apartments 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.

Revenue
$328,135 (2023)
Expenses
$313,408 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $550
  • Program Service Revenue: $327,585
  • Gross Receipts: $328,135

Assets and Liabilities:

  • Total Assets: $488,702
  • Total Liabilities: $52,638
  • Net Assets: $436,064

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL REVENUES

Revenue

$320,297

TENANT CHARGES

Revenue

$7,288

Organization Details

Founding Year

1970

Principal Officer

Ben Underwood

Main Address

308 SOUTH MILL STREET, FERGUS FALLS, MN, 56537

NTEE Category

Code: L20Z - Housing

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