Keystone Terrace Inc

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

EIN: 421051222 ✦ Strawberry point, IA ✦ Designated as a 501(c)(4)

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Overview

What is Keystone Terrace Inc?

Keystone Terrace Inc is a nonprofit organization situated in Strawberry Point, Iowa. Their primary mission is to provide affordable housing units for individuals who fall under the categories of low income, elderly, and disabled. They adhere to USDA Rural Development regulations to ensure eligibility. With a modest workforce of two dedicated individuals, Keystone Terrace Inc continues to offer essential housing solutions to those in need.

Is Keystone Terrace Inc legitimate?

Keystone Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Keystone Terrace Inc submitted a form 990, 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,484

For more financial information, click here

What is the mission statement of Keystone Terrace Inc?

Keystone Terrace Inc, as an organization, is committed to providing low-income rental housing to individuals who meet the USDA Rural Development regulations. This mission is carried out by offering housing units to qualified low-income, elderly, and disabled individuals. The primary goal is to make housing accessible to these groups, ensuring they have a place to call home. The organization adheres strictly to USDA Rural Development regulations in its operations.

Who is the CEO of Keystone Terrace Inc?

John H Nikolai is the Secretary of Keystone Terrace Inc.

What is the revenue of Keystone Terrace Inc?

Keystone Terrace Inc's revenue in 2022 was $149,647.

Who are the executives of Keystone Terrace Inc and what are their salaries?

The average compensation at Keystone Terrace Inc during 2022 was $5,242. There are 2 employees at Keystone Terrace Inc.


Here are 7 key members and their salaries:


Bruce Collins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia Mccalley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Nikolai (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessie Pensel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsie Sperfslage (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Vorwald (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Margaret Yackel-Juleen (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Keystone Terrace Inc?

Keystone Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Keystone Terrace Inc

Keystone Terrace Inc, as a nonprofit organization, is dedicated to providing low-income rental housing to individuals who qualify under USDA Rural Development regulations. This mission is aimed at catering to the housing needs of low-income communities, the elderly, and those with disabilities. The organization takes pride in offering a collection of housing units that are designed to meet the specific needs of this demographic. By doing so, Keystone Terrace Inc plays a significant role in ensuring that eligible individuals have access to safe and affordable housing options. The organization's rental services are an essential contribution to the community, providing a vital resource that enables individuals to maintain their independence and dignity.

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Impact




October, 2024

Keystone Terrace Inc has a significant impact on the community by providing affordable housing solutions for low-income individuals, particularly the elderly and disabled. Operating in Strawberry Point, IA, the organization focuses on meeting the housing needs of those who qualify under USDA Rural Development regulations. By offering rental units specifically designed for vulnerable populations, Keystone Terrace Inc helps alleviate housing insecurity and supports the well-being of residents who might otherwise struggle to find safe and stable living conditions. This commitment not only enhances individual lives but also fosters a stronger, more inclusive community by ensuring that everyone has access to essential housing resources.




This information is meant to be a general summary of Keystone 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.

Revenue
$149,647 (2022)
Expenses
$129,244 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $115
  • Program Service Revenue: $149,462
  • Gross Receipts: $149,647

Assets and Liabilities:

  • Total Assets: $608,119
  • Total Liabilities: $72,725
  • Net Assets: $535,394

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$79,969

RENTAL ASSISTANCE

Revenue

$64,780

LAUNDRY

Revenue

$3,157

PET DEPOSIT

Revenue

$1,556

Organization Details

Founding Year

1976

Principal Officer

John H Nikolai

Main Address

PO BOX 157, STRAWBERRY POINT, IA, 52076

NTEE Category

Code: L21 - Housing

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