Goldfield Community Apartments

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

EIN: 420999977 ✦ Nashua, IA ✦ Designated as a 501(c)(4)

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Overview

What is Goldfield Community Apartments?

Goldfield Community Apartments is a nonprofit organization situated in Nashua, Iowa, dedicated to offering affordable and subsidized housing for individuals who are financially struggling, elderly, or disabled. Their primary goal is to cater to those in need of such services. Operating within a budget of $11,985, they cover expenses such as advertising, office costs, insurance, and non-investment depreciation to ensure the smooth running of their services.

Is Goldfield Community Apartments legitimate?

Goldfield Community Apartments is a legitimate nonprofit organization registered as a 501(c)(4) entity. Goldfield Community Apartments 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 Goldfield Community Apartments?

Goldfield Community Apartments is committed to providing affordable and subsidized housing for individuals who are financially disadvantaged, elderly, or disabled. Their mission is centered around serving those in need, ensuring that they have access to suitable housing solutions. The organization's activities are geared towards catering to this specific population, with budgeted expenses covering various operational costs such as advertising, office expenses, insurance, and non-investment depreciation. While the exact amount of these expenses is provided, it is not the primary focus of their mission, which is to provide affordable housing opportunities.

Who is the CEO of Goldfield Community Apartments?

Ernie Lewis is the President of Goldfield Community Apartments.

What is the revenue of Goldfield Community Apartments?

Goldfield Community Apartments's revenue in 2022 was $55,131.

Who are the executives of Goldfield Community Apartments and what are their salaries?


Here are 4 key members and their salaries:


R Scott Whyte (Treasurer/Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Stevenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ernie Lewis (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn J Sorensen (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Goldfield Community Apartments?

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

Mission Statement of Goldfield Community Apartments

Goldfield Community Apartments, as a nonprofit organization, is committed to providing affordable and subsidized housing to individuals who are economically disadvantaged, elderly, and disabled. The mission of this community apartment is to cater to the needs of these individuals, offering them a supportive living environment. To achieve this, Goldfield Community Apartments manages its budget carefully, allocating funds for expenses such as advertising, office expenses, insurance, and non-investment depreciation, totaling $11,985. By doing so, the organization ensures that it can continue to provide essential housing services to those who require it. In essence, Goldfield Community Apartments is dedicated to making a positive impact on the lives of its residents, offering them a safe and affordable place to call home.

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Impact




October, 2024

Goldfield Community Apartments significantly impacts the Nashua, IA community by providing affordable and subsidized housing for low-income, elderly, and disabled individuals. By addressing the urgent need for accessible housing options, it creates a safe and supportive living environment for those who often face financial and mobility challenges.

The programs offered by Goldfield Community Apartments are tailored to assist those in need, ensuring that vulnerable populations have access to essential living spaces. This focus on inclusivity not only enhances the quality of life for residents but also fosters a sense of community and belonging.

Moreover, the financial management of the apartment complex, with its budgeted expenses being directed toward advertising, office operations, and insurance, reflects a commitment to sustainability and efficient use of resources. This administrative responsibility ensures that resources are utilized effectively to maintain and improve the living conditions of its residents.

Overall, Goldfield Community Apartments plays a crucial role in enhancing social welfare and contributing to the stability of the Nashua community by offering vital housing solutions and fostering a supportive environment for those most in need.




This information is meant to be a general summary of Goldfield Community Apartments. 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
$55,131 (2022)
Expenses
$52,555 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $91
  • Program Service Revenue: $55,040
  • Gross Receipts: $55,131

Assets and Liabilities:

  • Total Assets: $176,744
  • Total Liabilities: $45,414
  • Net Assets: $131,330

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Organization Details

Principal Officer

Ernie Lewis

Main Address

P O BOX 129, NASHUA, IA, 50658

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