Overview
What is Elders Lodge Corporation?
Elders Lodge Corporation is a nonprofit organization situated in Saint Paul, Minnesota. Established in 1997, the organization manages a 43-unit apartment complex under Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), the nonprofit provides subsidized housing to low-income seniors, aligning with their mission to promote the health, security, happiness, and usefulness of elderly or disabled individuals in longer living. The organization's primary program is its Section 202 Capital Advance, with a significant portion of its income coming from HUD. The agreement between HUD and Elders Lodge Corporation, Project Rental Assistance Contract MN46-S941-001, is set to expire in April 2023. During this period, HUD will cover any rent difference between the contract rate and the qualified tenants' portion of the rent. While the organization's major program is its Section 202 Capital Advance, for federal awards compliance purposes, its Project Rental Assistance is also considered a significant aspect of its operations.
Is Elders Lodge Corporation legitimate?
Elders Lodge Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elders Lodge Corporation 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: $64,126
For more financial information, click here
What is the mission statement of Elders Lodge Corporation?
Elders Lodge Corporation, a non-profit organization, is committed to providing housing facilities and services specifically tailored to meet the physical, social, and psychological needs of elderly or disabled individuals. The primary objective is to promote their health, security, happiness, and overall well-being in longer living. The organization operates a 43-unit apartment complex, regulated by the U.S. Department of Housing and Urban Development (HUD), and participates in the HUD Rent Supplement Program. Its major program is the Section 202 Capital Advance, with a significant portion of its rental income coming from HUD. The organization also has a non-major program, Project Rental Assistance, which is considered a major program for federal awards compliance purposes.
Who is the CEO of Elders Lodge Corporation?
Pam Gokey is the President of Elders Lodge Corporation.
What is the revenue of Elders Lodge Corporation?
Elders Lodge Corporation's revenue in 2022 was $441,335.
Who are the executives of Elders Lodge Corporation and what are their salaries?
There 35 volunteers at Elders Lodge Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Elders Lodge Corporation?
Elders Lodge Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elders Lodge Corporation
Elders Lodge Corporation, a non-profit organization, is dedicated to providing elderly or disabled individuals with housing facilities and services specifically designed to meet their physical, social, and psychological needs. The corporation's mission is centered around promoting the health, security, happiness, and usefulness of these individuals as they navigate longer living. By offering subsidized apartment housing, Elders Lodge Corporation strives to create an environment where elderly and disabled persons can live comfortably and securely. The organization is regulated by the U.S. Department of Housing and Urban Development (HUD), which ensures that rental charges and operating methods adhere to certain standards. HUD also participates in the HUD Rent Supplement Program, providing financial assistance to help cover the cost of rent for eligible tenants. Elders Lodge Corporation's primary program is its Section 202 Capital Advance, and it operates under Project Rental Assistance Contract agreements with HUD. The corporation's mission is to provide a supportive living environment that caters to the unique needs of its elderly and disabled residents, enabling them to lead fulfilling and independent lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Elders Lodge Corporation plays a crucial role in providing affordable housing for low-income seniors in Saint Paul, Minnesota. By operating a 43-unit apartment complex under Section 202 of the National Housing Act, the organization directly addresses the housing needs of elderly and disabled individuals who require supportive living environments.
Since beginning rental operations in April 1997, Elders Lodge has created a safe and comfortable community where residents can experience a sense of belonging while receiving assistance tailored to their unique physical, social, and psychological needs. This focus not only promotes their health and security but also enhances overall happiness and a sense of utility in their lives.
The organization operates under the guidelines set by the U.S. Department of Housing and Urban Development (HUD), ensuring that rental charges are affordable and that residents receive the necessary support through the HUD Rent Supplement Program. This partnership with HUD allows Elders Lodge to offer subsidized rents, making housing accessible to those who might otherwise struggle to find affordable living arrangements.
By fostering an environment that prioritizes the well-being of low-income seniors, Elders Lodge Corporation significantly contributes to the quality of life for its residents, allowing them to live with dignity and support in their later years.
This information is meant to be a general summary of Elders Lodge Corporation. 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: $21
- Program Service Revenue: $435,709
- Gross Receipts: $441,335
Assets and Liabilities:
- Total Assets: $2,152,950
- Total Liabilities: $3,585,728
- Net Assets: -$1,432,778
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$435,709
Organization Details
Founding Year
1995
Phone
(651) 756-7089Principal Officer
Pam Gokey
Main Address
1500 MAGNOLIA AVENUE, ST PAUL, MN, 55106
NTEE Category
Code: L22 - Housing
If you are a representative of Elders Lodge Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.