Watkins Area Homes Inc

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

EIN: 411247552 ✦ Watkins, MN ✦ Designated as a 501(c)(4)

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Overview

What is Watkins Area Homes Inc?

Watkins Area Homes Inc, situated in Watkins, Minnesota, is a dedicated nonprofit organization specializing in senior housing and retirement programs. Their primary mission is to provide affordable living accommodations for individuals with limited income, thus offering low income housing rental options. This essential service ensures that senior citizens in the area have access to secure and comfortable housing, contributing positively to their wellbeing and quality of life.

Is Watkins Area Homes Inc legitimate?

Watkins Area Homes Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Watkins Area Homes 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 Watkins Area Homes Inc?

Watkins Area Homes Inc's mission is centered around providing affordable housing options. Specifically, their mission is to offer rental units for individuals with limited income. This senior housing program aims to make housing accessible and affordable for those in need, contributing to a more inclusive and equitable living situation. By focusing on low-income housing rental, Watkins Area Homes Inc plays a vital role in ensuring that everyone has a place to call home, regardless of their financial circumstances.

Who is the CEO of Watkins Area Homes Inc?

Don Schmidt is the Officer of Watkins Area Homes Inc.

What is the revenue of Watkins Area Homes Inc?

Watkins Area Homes Inc's revenue in 2021 was $78,829.

Who are the executives of Watkins Area Homes Inc and what are their salaries?


Here are 8 key members and their salaries:


Don Froehling (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eldred Froehling (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Kinzer (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Kramer (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Neisen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Neisen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Schmidt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Schreifels (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Watkins Area Homes Inc?

Watkins Area Homes Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Watkins Area Homes Inc

Watkins Area Homes Inc, as a retirement home or senior housing program, is committed to providing low income housing rental opportunities. The organization's mission is centered around making affordable housing accessible for its residents, focusing on the elderly population. By offering low income housing rentals, Watkins Area Homes Inc aims to contribute to a more inclusive housing market, ensuring that seniors, regardless of their financial circumstances, can find a suitable living space. The organization's mission is a testament to its dedication to supporting the elderly population and promoting housing equality.

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Impact




October, 2024

Watkins Area Homes Inc significantly impacts the community by providing affordable housing options for low-income individuals and seniors in Watkins, MN. By focusing on low-income housing rental, it addresses one of the critical needs in the region, helping to ensure that vulnerable populations have access to safe and secure living environments.

This initiative not only promotes stability for residents but also enhances the overall community by reducing homelessness and supporting individuals in maintaining their independence. By facilitating access to affordable housing, Watkins Area Homes fosters a sense of belonging and community engagement among residents, contributing to a healthier, more cohesive society. The organization's commitment to low-income housing is vital in creating equitable living conditions and supporting the well-being of those who may otherwise struggle to find suitable accommodation.




This information is meant to be a general summary of Watkins Area Homes 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
$78,829 (2021)
Expenses
$80,867 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $48
  • Program Service Revenue: $78,781
  • Gross Receipts: $78,829

Assets and Liabilities:

  • Total Assets: $257,755
  • Total Liabilities: $171,380
  • Net Assets: $86,375

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Programs

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

RENT INCOME

Revenue

$78,781

Organization Details

Founding Year

2005

Principal Officer

Don Schmidt

Main Address

131 CHURCH STREET, WATKINS, MN, 55389

NTEE Category

Code: L22 - Housing

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