Overview
What is Albert City Apartments Inc?
Albert City Apartments Inc is a nonprofit organization situated in Albert City, Iowa. Their primary mission is to offer affordable housing solutions to individuals with limited income. Through their housing support services, they provide a haven for those in need, contributing to the community's overall well-being by ensuring everyone has a place to call home.
Is Albert City Apartments Inc legitimate?
Albert City Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Albert City Apartments 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 Albert City Apartments Inc?
Albert City Apartments Inc's mission is centered around providing affordable housing solutions. This is achieved through their organization's focus on housing support services. By doing so, they aim to cater to individuals with limited income, ensuring they have access to suitable living spaces. Their mission is carried out without specifying a particular location, indicating a commitment to serving a wide range of individuals in need of affordable housing.
Who is the CEO of Albert City Apartments Inc?
Randall Bobolz is the President of Albert City Apartments Inc.
What is the revenue of Albert City Apartments Inc?
Albert City Apartments Inc's revenue in 2022 was $80,560.
Who are the executives of Albert City Apartments Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Albert City Apartments Inc?
Albert City Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Albert City Apartments Inc
Albert City Apartments Inc, as a nonprofit organization, is devoted to providing affordable housing solutions for individuals with low incomes. Through its housing support services, the organization aims to make a significant impact in the lives of those in need, offering them a place to call home. By operating as a provider of low income rental housing, Albert City Apartments Inc contributes to the well-being and stability of its community, ensuring that everyone has access to a decent living space.
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Impact
October, 2024
Albert City Apartments Inc plays a crucial role in the community by providing affordable rental housing options for low-income individuals and families. By addressing the critical need for housing support services, the organization helps to alleviate the financial burden faced by residents in Albert City, IA. This accessibility allows families to secure stable living conditions, which is essential for fostering a sense of community and improving overall quality of life.
Through its initiatives, Albert City Apartments Inc contributes to the economic stability of the area by ensuring that residents can maintain a roof over their heads without sacrificing basic needs. The availability of low-income housing also encourages local development, as it attracts a diverse population and supports local businesses. Ultimately, the organization’s impact extends beyond housing; it facilitates a pathway to better opportunities, promotes social cohesion, and enhances the well-being of the community as a whole.
This information is meant to be a general summary of Albert City 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4
- Program Service Revenue: $80,556
- Gross Receipts: $80,560
Assets and Liabilities:
- Total Assets: $97,545
- Total Liabilities: $32,397
- Net Assets: $65,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$70,791
GOVERNMENT ASSISTANCE
Revenue
$7,350
LAUNDRY
Revenue
$2,415
Organization Details
Founding Year
1970
Principal Officer
Randall Bobolz
Main Address
614 S 4TH ST, ALBERT CITY, IA, 50510
NTEE Category
Code: L80 - Housing
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