Overview
What is Gilmore City Housing Corporation?
Gilmore City Housing Corporation is a nonprofit organization situated in Gilmore City, Iowa. Its primary mission is to offer affordable housing options to the elderly, disabled, and families. The rental cost is calculated as 30% of the applicant's annual income, with the remaining balance being subsidized by USDA/Rural Development. This nonprofit's initiatives have proven successful, enabling 14 families to secure safe and reasonably priced housing in the area.
Is Gilmore City Housing Corporation legitimate?
Gilmore City Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Gilmore City Housing Corporation 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 Gilmore City Housing Corporation?
The Gilmore City Housing Corporation's mission is geared towards providing affordable housing options for eligible individuals, specifically the elderly, disabled, and families. They accomplish this by setting rent at 30% of the applicant's annual income, with the remaining balance subsidized by the USDA/Rural Development. Consequently, this organization has facilitated the securement of safe and affordable housing for 14 families.
Who is the CEO of Gilmore City Housing Corporation?
Patti Cirks is the President of Gilmore City Housing Corporation.
What is the revenue of Gilmore City Housing Corporation?
Gilmore City Housing Corporation's revenue in 2022 was $165,857.
Who are the executives of Gilmore City Housing Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990EZ for Gilmore City Housing Corporation?
Gilmore City Housing Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Gilmore City Housing Corporation
Gilmore City Housing Corporation, a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly, disabled, and families in need. By leveraging subsidies from USDA/Rural Development, the corporation sets rent at 30% of the applicant's annual income, ensuring that the remaining cost is covered, thereby making housing more accessible and affordable. As a consequence of this initiative, 14 families have been able to secure safe and affordable housing.
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Impact
October, 2024
Gilmore City Housing Corporation significantly enhances the quality of life for residents of Gilmore City, Iowa, by providing low-rent housing specifically tailored for the elderly, disabled, and families. By basing rent on 30% of an applicant's annual income and securing additional subsidies from USDA/Rural Development, the organization ensures that housing remains affordable for those in need.
As a result of its efforts, 14 families have successfully secured safe and affordable homes, alleviating housing instability and fostering a sense of community. This impactful support plays a critical role in promoting well-being and stability among some of the most vulnerable populations in the area, ultimately contributing to a healthier and more cohesive community.
This information is meant to be a general summary of Gilmore City Housing 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.
- Program Service Revenue: $84,983
- Gross Receipts: $165,857
Assets and Liabilities:
- Total Assets: $99,908
- Total Liabilities: $35,069
- Net Assets: $64,839
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Organization Details
Phone
(515) 295-2927Principal Officer
Patti Cirks
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
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