Overview
What is Pioneer Terrace Inc?
Pioneer Terrace Inc is a nonprofit organization, specifically established to cater to the housing needs of senior citizens and low-income rural residents. They specialize in providing USDA-subsidized housing, having successfully constructed and managed a 25-unit apartment building during their operation. This year, the organization has maintained an impressive occupancy rate of 97%. By offering affordable housing options, Pioneer Terrace Inc contributes to the well-being of its elderly residents, ensuring they can live comfortably within their community.
Is Pioneer Terrace Inc legitimate?
Pioneer Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pioneer Terrace 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Pioneer Terrace Inc?
Pioneer Terrace Inc, as a organization, was established with the purpose of constructing and managing a 25-unit apartment building, providing USDA-subsidized housing for senior citizens and low-income rural residents. Its mission is centered around serving this particular demographic, ensuring they have accessible and affordable housing options. Notably, the corporation has successfully maintained an occupancy rate of 97% during the current year. While its primary focus is on housing, the organization's overall objective can be summarized as contributing to the well-being and livability of senior citizens with limited financial resources in rural areas.
What is the revenue of Pioneer Terrace Inc?
Pioneer Terrace Inc's revenue in 2024 was $174,484.
Who are the executives of Pioneer Terrace Inc and what are their salaries?
There 7 volunteers at Pioneer Terrace Inc.
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Where can I find the form 990 for Pioneer Terrace Inc?
Pioneer Terrace Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pioneer Terrace Inc
Pioneer Terrace Inc, a nonprofit organization, was established with a mission to cater to the housing needs of senior citizens and low-income individuals residing in rural areas. They constructed and operate a 25-unit apartment building, providing USDA subsidized housing, to ensure affordability. The corporation's efforts have been successful, with an impressive occupancy rate of 97% during the current year, reflecting the demand and effectiveness of their service. In essence, Pioneer Terrace Inc aims to provide sustainable and affordable housing solutions for elderly and economically disadvantaged individuals, contributing to their well-being and overall quality of life.
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Impact
October, 2024
Pioneer Terrace Inc has a significant impact by providing USDA-subsidized housing for senior citizens, ensuring that elderly and low-income residents in Mechanicsville, IA, have access to safe and affordable living accommodations. The organization successfully operates a 25-unit apartment building tailored specifically for these demographics, achieving an impressive occupancy rate of 97% this year. This high demand highlights the essential services Pioneer Terrace offers, fostering a supportive community for seniors in rural areas and contributing to their overall well-being. By addressing housing needs, Pioneer Terrace plays a vital role in enhancing the quality of life for its residents, promoting stability and security in their later years.
This information is meant to be a general summary of Pioneer Terrace 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 2024.
- Investment Income: $692
- Program Service Revenue: $173,792
- Gross Receipts: $174,484
Assets and Liabilities:
- Total Assets: $225,870
- Total Liabilities: $209,878
- Net Assets: $15,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$119,611
FEES & CONTRACTS GOV AGENCIES
Revenue
$51,909
WASHER AND DRYER REV
Revenue
$2,272
Organization Details
Principal Officer
Jo Ann Ahrendsen
NTEE Category
Code: L22 - Housing
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