Overview
What is Brainerd South Housing Group Inc C/O Karen Young?
Brainerd South Housing Group Inc, under the leadership of Karen Young, is a nonprofit organization established with the primary mission of providing affordable housing for low-income individuals. Located in Brainerd, Minnesota, the group focuses on operating Brainerd South Apartments, a 60-unit complex regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 236 of the National Housing Act. This regulation ensures that rental charges and operating methods are managed in accordance with HUD standards, ensuring affordable housing options for its residents. The organization's central objective is to contribute positively to the local community by providing housing solutions for those in need.
Is Brainerd South Housing Group Inc C/O Karen Young legitimate?
Brainerd South Housing Group Inc C/O Karen Young is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brainerd South Housing Group Inc C/O Karen Young 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: $2,217
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What is the mission statement of Brainerd South Housing Group Inc C/O Karen Young?
The Brainerd South Housing Group's mission is centered around providing low-income housing, adhering to Section 236 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development, this organization aims to make affordable housing options available. Their primary activity involves managing a 60-unit apartment complex in an undisclosed location, operating under the same national housing act and regulatory framework. The group ensures that rental charges and operational methods comply with the guidelines set by the HUD.
Who is the CEO of Brainerd South Housing Group Inc C/O Karen Young?
Rick Fargo is the President of Brainerd South Housing Group Inc C/O Karen Young.
What is the revenue of Brainerd South Housing Group Inc C/O Karen Young?
Brainerd South Housing Group Inc C/O Karen Young's revenue in 2022 was $348,821.
Who are the executives of Brainerd South Housing Group Inc C/O Karen Young and what are their salaries?
There 5 volunteers at Brainerd South Housing Group Inc C/O Karen Young.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Brainerd South Housing Group Inc C/O Karen Young?
Brainerd South Housing Group Inc C/O Karen Young's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brainerd South Housing Group Inc C/O Karen Young
Brainerd South Housing Group Inc, led by Karen Young, is committed to providing affordable housing options for individuals with low income. This organization operates under Section 236 of the National Housing Act, a regulatory framework provided by the U.S. Department of Housing and Urban Development (HUD). The mission of Brainerd South Housing Group Inc is to manage and maintain a housing complex, specifically Brainerd South Apartments in Brainerd, Minnesota, which consists of 60 units. The organization is regulated by HUD in terms of rental charges and operational methods, ensuring that the housing remains accessible and affordable for those in need. By providing low-income housing, Brainerd South Housing Group Inc contributes to the community by creating a stable living environment for its residents.
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Impact
October, 2024
Brainerd South Housing Group Inc, under the leadership of Karen Young, plays a crucial role in addressing the housing needs of low-income residents in Brainerd, Minnesota. By operating the Brainerd South Apartments, a 60-unit complex, the organization ensures that affordable housing is available in the community, thus significantly contributing to the quality of life for its residents.
The impact extends beyond mere housing; it fosters a sense of stability and belonging for families and individuals who might otherwise struggle to find suitable accommodation. Under the guidelines of Section 236 of the National Housing Act, the organization not only regulates rental charges but also adheres to best practices in operating methods under the oversight of the U.S. Department of Housing and Urban Development (HUD).
This structured approach helps maintain the affordability of housing while ensuring that the properties are well-managed and cared for. As a result, Brainerd South Housing Group Inc serves as a vital resource in combating homelessness and housing insecurity in the region, supporting community well-being through its commitment to providing safe, accessible, and low-income housing.
This information is meant to be a general summary of Brainerd South Housing Group Inc C/O Karen Young. 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: $1,859
- Program Service Revenue: $313,863
- Gross Receipts: $348,821
Assets and Liabilities:
- Total Assets: $1,745,455
- Total Liabilities: $248,618
- Net Assets: $1,496,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$313,863
Organization Details
Founding Year
1995
Phone
(218) 824-3423Principal Officer
Rick Fargo
Main Address
324 EAST RIVER ROAD, BRAINERD, MN, 56401
NTEE Category
Code: L25 - Housing
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