Overview
What is Greene Housing Development Corporation?
Greene Housing Development Corporation is a nonprofit organization situated in Greene, Iowa, dedicated to providing affordable housing solutions. The corporation caters to the needs of various groups, including the elderly, disabled, and families. They offer low-rent housing, with the rent being calculated as 30% of the applicant's annual income. The remaining balance is covered by the USDA/Rural Development, making housing more accessible and affordable for 14 families in the area. This initiative plays a crucial role in ensuring that these families have a safe and secure place to call home.
Is Greene Housing Development Corporation legitimate?
Greene Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Greene Housing Development 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 Greene Housing Development Corporation?
Greene Housing Development Corporation's mission is centered around providing affordable housing options. The organization extends its services to eligible groups, including the elderly, individuals with disabilities, and families. The rent charges are set at 30% of an applicant's annual income, with the remaining balance being subsidized by the USDA/Rural Development. This initiative has successfully housed 14 families in a secure and affordable living situation. Essentially, Greene Housing Development Corporation strives to make housing accessible and affordable for those who need it the most.
Who is the CEO of Greene Housing Development Corporation?
Terry Thomason is the President of Greene Housing Development Corporation.
What is the revenue of Greene Housing Development Corporation?
Greene Housing Development Corporation's revenue in 2022 was $81,983.
Who are the executives of Greene Housing Development 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 Greene Housing Development Corporation?
Greene Housing Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Greene Housing Development Corporation
Greene Housing Development Corporation is committed to providing affordable housing options for eligible individuals in need. Specifically, the organization targets elderly, disabled, and family households. To make housing accessible, Greene Housing Development Corporation calculates rent at 30% of an applicant's yearly income. The remaining balance is subsidized through a partnership with USDA/Rural Development. As a result of this initiative, 14 families have securely found a home within their means. The mission of Greene Housing Development Corporation is to extend a helping hand to those who may be struggling financially, ensuring that they can live in a safe and affordable living environment.
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Impact
October, 2024
Greene Housing Development Corporation significantly enhances the quality of life in Greene, Iowa, by providing affordable housing solutions for vulnerable populations, including the elderly, disabled individuals, and families. By implementing a rent structure based on 30% of an applicant's annual income, the organization ensures that housing remains accessible to those with limited financial means.
The partnership with USDA/Rural Development to subsidize housing costs not only alleviates financial burdens but also facilitates stability for families, allowing them to thrive in a secure environment. As a result of these efforts, 14 families have successfully transitioned into safe and affordable homes, positively impacting their well-being. This initiative fosters community growth and enhances the overall socioeconomic landscape of Algona, as it empowers individuals to invest in their futures without the pressing worry of housing instability.
This information is meant to be a general summary of Greene Housing Development 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.
- Investment Income: $54
- Program Service Revenue: $60,897
- Gross Receipts: $81,983
Assets and Liabilities:
- Total Assets: $184,464
- Total Liabilities: $8,303
- Net Assets: $176,161
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Organization Details
Phone
(515) 295-2927Principal Officer
Terry Thomason
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L21 - Housing
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