Overview
What is Semcac Housing-Rushford Inc?
Semcac Housing-Rushford Inc, established in 1983, is a Minnesota-based nonprofit organization with a mission to provide affordable, decent, and safe rental housing. Operating under the guidelines of the United States Department of Agriculture (USDA), Rural Development (RD), this nonprofit acquires, manages, and operates rental properties and facilities tailored to the specific needs and living requirements of eligible tenants. Semcac Housing-Rushford Inc's residential offerings aim to cater to the unique needs and circumstances of its residents, ensuring a secure and comfortable living environment.
Official website here: www.semcac.org
Is Semcac Housing-Rushford Inc legitimate?
Semcac Housing-Rushford Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Semcac Housing-Rushford 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:
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Official website here: www.semcac.org
What is the mission statement of Semcac Housing-Rushford Inc?
Semcac Housing-Rushford Inc's mission is centered around providing affordable, decent, and safe rental housing. Established in 1983, this organization operates as a Minnesota non-stock corporation. They acquire, manage, and operate rental housing and facilities, tailoring them to meet the unique needs and living requirements of eligible tenants, as determined by the United States Department of Agriculture's Rural Development. The primary goal of Semcac Housing-Rushford Inc is to ensure that suitable housing options are available for those who require them.
Official website here: www.semcac.org
Who is the CEO of Semcac Housing-Rushford Inc?
Ruth Fallon is the President of Semcac Housing-Rushford Inc.
Official website here: www.semcac.org
What is the revenue of Semcac Housing-Rushford Inc?
Semcac Housing-Rushford Inc's revenue in 2022 was $61,131.
Official website here: www.semcac.org
Who are the executives of Semcac Housing-Rushford Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.semcac.org
Where can I find the form 990 for Semcac Housing-Rushford Inc?
Semcac Housing-Rushford Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.semcac.org
Learn more at the official website: www.semcac.org
Mission Statement of Semcac Housing-Rushford Inc
Semcac Housing-Rushford Inc, established in 1983, is a Minnesota-based non-stock corporation with a mission to provide affordable, decent, and safe rental housing. Organized under the auspices of the United States Department of Agriculture (USDA) Rural Development (RD), this organization acquires, manages, and operates rental properties and facilities. Semcac Housing-Rushford Inc tailors its housing solutions to the unique needs and living requirements of eligible occupants, ensuring that its offerings cater to their specific demands.
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Impact
October, 2024
Semcac Housing-Rushford Inc plays a vital role in enhancing the quality of life in Rushford, MN, by providing access to affordable, decent, and safe rental housing. Since its establishment in 1983, the organization has focused on acquiring and operating rental properties tailored to meet the specific needs of its residents, particularly those determined eligible by the USDA's Rural Development.
The impact of Semcac Housing-Rushford Inc extends beyond mere housing provision; it fosters stability within the community by ensuring that individuals and families have a safe place to live. This stability allows residents to focus on other essential aspects of their lives, such as employment, education, and health. By addressing the housing needs of eligible occupants, the organization contributes to reducing homelessness and improving overall community wellness.
Additionally, the presence of affordable housing options encourages economic growth in the region, allowing residents to allocate resources toward local businesses and services. Overall, Semcac Housing-Rushford Inc serves as a cornerstone for sustainable living in the area, directly supporting the health and vitality of the Rushford community.
This information is meant to be a general summary of Semcac Housing-Rushford 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: $29
- Program Service Revenue: $60,928
- Gross Receipts: $61,131
Assets and Liabilities:
- Total Assets: $876,011
- Total Liabilities: $560,390
- Net Assets: $315,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS TO LOW INCOME
Revenue
$60,928
Organization Details
Founding Year
1983
Phone
(507) 864-7741Principal Officer
Ruth Fallon
Main Address
204 S ELM ST PO BOX 549, RUSHFORD, MN, 55971
Website
www.semcac.orgNTEE Category
Code: L21 - Housing
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