New London Housing Inc

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

EIN: 410990479 ✦ New london, MN ✦ Designated as a 501(c)(4)

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Overview

What is New London Housing Inc?

New London Housing Inc is a nonprofit organization that specializes in offering housing solutions for elderly, handicapped, and low-income individuals. Their primary mission is to provide affordable rental accommodations, as well as rental assistance for those in need. By offering low-rent housing, New London Housing Inc aims to create a community where these individuals can live comfortably and securely. The organization's work is dedicated to enhancing the quality of life for its residents, ensuring they have access to essential resources and a supportive living environment.

Is New London Housing Inc legitimate?

New London Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. New London Housing Inc submitted a form 990EZ, 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.

What is the mission statement of New London Housing Inc?

New London Housing Inc is committed to providing affordable housing solutions for elderly, handicapped, and low-income individuals. Their mission involves offering low-rent housing options and offering rental assistance to those in need. By doing so, they aim to contribute to a more inclusive community where everyone, regardless of their financial situation, has access to a decent place to live. They strive to support the well-being and independence of these vulnerable populations, enhancing their quality of life.

Who is the CEO of New London Housing Inc?

Kelly Baeth is the President of New London Housing Inc.

What is the revenue of New London Housing Inc?

New London Housing Inc's revenue in 2022 was $146,330.

Who are the executives of New London Housing Inc and what are their salaries?


Here are 6 key members and their salaries:


John Bergman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melisa Radel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Baeth (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Gjerde (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Leiser (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Kelly (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for New London Housing Inc?

New London Housing Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of New London Housing Inc

New London Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for elderly, handicapped, and low-income individuals. Their mission is twofold: firstly, they offer rental accommodations at reasonable prices, and secondly, they provide rental assistance to those who qualify. This nonprofit's primary objective is to ensure that these vulnerable groups have access to safe and comfortable living spaces, thereby improving their overall quality of life. By offering low-rent housing, New London Housing Inc is committed to alleviating the housing burden for its residents, enabling them to focus on other aspects of their well-being.

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Impact




October, 2024

New London Housing Inc significantly impacts the community by providing essential rental assistance and affordable housing options for elderly, handicapped, and low-income individuals. By focusing on these vulnerable populations, the organization alleviates the challenges associated with housing instability, helping to promote a sense of security and well-being among residents.

The availability of low-rent housing enables seniors and those with disabilities to access safe and comfortable living environments, ultimately improving their quality of life. Furthermore, by addressing the housing needs of low-income individuals, New London Housing Inc contributes to the overall health and stability of the community, fostering inclusivity and support for those who may otherwise struggle to find adequate housing. This commitment not only enhances individual lives but also strengthens the social fabric of New London, MN.




This information is meant to be a general summary of New London 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.

Revenue
$146,330 (2022)
Expenses
$139,482 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $118
  • Program Service Revenue: $146,212
  • Gross Receipts: $146,330

Assets and Liabilities:

  • Total Assets: $287,713
  • Total Liabilities: $102,403
  • Net Assets: $185,310

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Organization Details

Principal Officer

Kelly Baeth

Main Address

10 1ST AVENUE NW, NEW LONDON, MN, 56273

NTEE Category

Code: L22 - Housing

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