Overview
What is Pocahontas Homes Inc?
Pocahontas Homes Inc is a nonprofit organization dedicated to offering affordable housing solutions for elderly individuals, disabled persons, and families. They achieve this by setting rents at 30% of the applicant's yearly adjusted income, with the remaining balance subsidized by the USDA/Rural Development. This innovative approach has enabled 28 families in Pocahontas to secure safe and economical housing, enhancing their quality of life.
Is Pocahontas Homes Inc legitimate?
Pocahontas Homes Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pocahontas Homes 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.
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What is the mission statement of Pocahontas Homes Inc?
Pocahontas Homes Inc's mission is centered around providing affordable housing solutions. The organization specifically targets elderly individuals, people with disabilities, and families by basing their rent on 30% of the applicant's yearly adjusted income. The remaining amount is subsidized by USDA/Rural Development. This strategy has enabled 28 families to secure safe and affordable housing, thereby enhancing their living conditions.
What is the revenue of Pocahontas Homes Inc?
Pocahontas Homes Inc's revenue in 2024 was $130,603.
Who are the executives of Pocahontas Homes Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Pocahontas Homes Inc?
Pocahontas Homes Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Pocahontas Homes Inc
Pocahontas Homes Inc is an organization dedicated to providing affordable housing solutions for the elderly, disabled, and families. Their mission is to make housing accessible by basing rent on a maximum of 30% of the applicant's yearly adjusted income. The remaining balance is covered through subsidies from the USDA/Rural Development. This initiative has significantly impacted 28 families, enabling them to secure safe and economical housing in their community.
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Impact
October, 2024
Pocahontas Homes Inc plays a crucial role in enhancing the quality of life for vulnerable populations in Algona, IA. By offering low-rent housing solutions tailored for the elderly, disabled, and families, the organization addresses a significant need for safe and affordable living conditions. The rental structure, which is affordable at just 30% of an applicant's adjusted yearly income, ensures that housing remains accessible to those facing economic challenges.
In doing so, Pocahontas Homes Inc has successfully facilitated stable living arrangements for 28 families, contributing to community stability and personal well-being. The support from USDA/Rural Development further amplifies this impact, allowing the organization to provide essential resources to those in need. Overall, Pocahontas Homes Inc fosters a sense of security, dignity, and independence for its residents, promoting better life outcomes and community cohesion.
This information is meant to be a general summary of Pocahontas Homes 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: $718
- Program Service Revenue: $126,862
- Gross Receipts: $130,603
Assets and Liabilities:
- Total Assets: $188,302
- Total Liabilities: $63,521
- Net Assets: $124,781
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Organization Details
Principal Officer
Pastor Killian
NTEE Category
Code: L21 - Housing
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