Overview
What is Madelia Housing Inc?
Madelia Housing Inc is a nonprofit organization committed to providing housing solutions for individuals with low income. Although the information provided is limited, we can infer that their primary mission is to make housing accessible for those in need. The organization's activities revolve around this mission, focusing on this essential aspect of community welfare. The specifics on the extent of their services, such as the number of properties they manage or the types of housing they provide, are not available in the provided data.
Is Madelia Housing Inc legitimate?
Madelia Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Madelia 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 Madelia Housing Inc?
Madelia Housing Inc's primary mission is to provide low-income housing solutions. This organization is committed to making housing accessible for individuals who may not have the financial means to secure it otherwise. By offering affordable housing, Madelia Housing Inc aims to contribute to a more equitable society, ensuring everyone has a place to call home. The organization's activities are focused on this mission, providing a vital service to those in need. While specific details about their advocacy or support programs are not provided, it can be inferred that they also strive to enhance the living conditions and opportunities for the residents in their housing units.
Who is the CEO of Madelia Housing Inc?
Jeff Mengenhausen is the Vice-Preside of Madelia Housing Inc.
What is the revenue of Madelia Housing Inc?
Madelia Housing Inc's revenue in 2020 was $317,053.
Who are the executives of Madelia Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Madelia Housing Inc?
Madelia Housing Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Madelia Housing Inc
Madelia Housing Inc, as a nonprofit organization, is dedicated to providing low-income housing. Its mission is centered around ensuring that individuals in need have a place to call home. By offering housing, Madelia Housing Inc aims to contribute to the overall well-being and stability of its residents, providing them with a secure and comfortable living environment. The organization's focus on low-income housing is a testament to its commitment to supporting vulnerable individuals and families who may otherwise struggle to secure affordable housing.
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Impact
October, 2024
Madelia Housing Inc significantly impacts the community by providing low-income housing options in Mankato, MN. Its commitment to ensuring affordable housing addresses a critical need for individuals and families facing economic challenges. By fostering accessible living environments, Madelia Housing Inc enhances community stability and supports residents in achieving greater self-sufficiency. This initiative not only improves the quality of life for its tenants but also contributes to the overall development and cohesiveness of the surrounding area.
This information is meant to be a general summary of Madelia 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 2020.
- Investment Income: $16
- Program Service Revenue: $317,037
- Gross Receipts: $317,053
Assets and Liabilities:
- Total Assets: $739,364
- Total Liabilities: $1,415,355
- Net Assets: -$675,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$197,691
APARTMENT RENT
Revenue
$142,162
LAUNDRY AND VENDING
Revenue
$2,714
TENANT VACANCY
Revenue
-$25,530
Organization Details
Founding Year
1982
Phone
(507) 345-1290Principal Officer
Jeff Mengenhausen
Main Address
201 NORTH BROAD STREET, MANKATO, MN, 56001
NTEE Category
Code: L20 - Housing
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