Estate Apartments Inc

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

EIN: 416039805 ✦ Saint peter, MN ✦ Designated as a 501(c)(4)

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Overview

What is Estate Apartments Inc?

Estate Apartments Inc is a corporation dedicated to offering affordable housing solutions. Specifically, they manage a 20-unit apartment complex catering to low-income seniors and individuals with disabilities. The building is meticulously maintained and serves solely as a rental property, with Estate Apartments Inc not providing additional services beyond this. Their mission is to ensure affordable living for this specific demographic, contributing to the community by offering accommodations for those who may face housing challenges.

Is Estate Apartments Inc legitimate?

Estate Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Estate Apartments Inc submitted a form 990EZ, 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.

What is the mission statement of Estate Apartments Inc?

Estate Apartments Inc, as a corporation, focuses on providing 20 well-maintained apartments for individuals who fall under the categories of low-income seniors and younger adults with disabilities. The primary objective of this entity is solely to offer rental accommodations, and it does not involve providing any additional services.

Who is the CEO of Estate Apartments Inc?

Barry Wood is the President of Estate Apartments Inc.

What is the revenue of Estate Apartments Inc?

Estate Apartments Inc's revenue in 2022 was $105,933.

Who are the executives of Estate Apartments Inc and what are their salaries?


Here are 7 key members and their salaries:


Barry Wood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Schultz (Manager)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Cathy Carlson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lammert (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Bachmann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandi Francis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Glimsdahl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Estate Apartments Inc?

Estate Apartments Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Estate Apartments Inc

Estate Apartments Inc, as a corporation, is dedicated to providing 20 well-maintained apartments for seniors and individuals with disabilities who have limited income. These residences are intended for rental purposes, and the organization does not offer any additional services beyond this. Estate Apartments Inc serves as a housing solution for these individuals, providing them with a secure and comfortable living space. The focus of the organization is on affordability, ensuring that those in need have access to suitable housing options. The corporation's mission is centered around providing a living environment for this specific demographic, prioritizing the maintenance and upkeep of the apartments to ensure a positive living experience for its residents.

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Impact




October, 2024

Estate Apartments Inc significantly impacts the community by providing affordable housing options for low-income seniors and younger adults with disabilities. By offering 20 well-maintained rental apartments in Saint Peter, MN, it helps to address the critical need for accessible living spaces in a supportive environment. This availability of affordable housing plays a vital role in enhancing the quality of life for its residents, allowing them to maintain their independence while having a stable home. The focus on maintaining the apartments ensures a safe and comfortable living experience, which is essential for the well-being of vulnerable populations. Overall, Estate Apartments Inc contributes positively to the local community by fostering stability and security for those it serves.




This information is meant to be a general summary of Estate Apartments 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
$105,933 (2022)
Expenses
$96,136 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50
  • Program Service Revenue: $79,619
  • Gross Receipts: $105,933

Assets and Liabilities:

  • Total Assets: $241,213
  • Total Liabilities: $30,616
  • Net Assets: $210,597

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Organization Details

Principal Officer

Barry Wood

Main Address

409 W MYRTLE ST, SAINT PETER, MN, 56082

NTEE Category

Code: L21 - Housing

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