Overview
What is Moravia Community Housing Inc?
Moravia Community Housing Inc is a nonprofit organization situated in Moravia, Iowa, primarily dedicated to offering affordable housing options for the elderly, disabled, and families. By adhering to a rent structure that equates to 30% of the applicant's annual income, with the remaining balance being subsidized by USDA/Rural Development, this corporation has facilitated the provision of safe and reasonable accommodations for 30 families in need. The organization operates a complex comprising 30 apartment units and managed an occupancy rate of 95% in 2021, underscoring its commitment to serving the local community.
Is Moravia Community Housing Inc legitimate?
Moravia Community Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Moravia Community Housing 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.
What is the mission statement of Moravia Community Housing Inc?
Moravia Community Housing Inc, as a corporate entity, is dedicated to providing affordable housing options for eligible individuals, specifically the elderly, disabled, and families. The organization bases rent on a percentage of the applicant's annual income, with the remaining amount subsidized by USDA/Rural Development. This subsidized housing allows approximately 30 families to secure safe and financially manageable housing solutions. The corporation operates a complex of 30 apartments and maintained an occupancy rate of 95% in 2021, reflecting its commitment to meeting the housing needs of its residents.
Who is the CEO of Moravia Community Housing Inc?
Roy Miller is the President of Moravia Community Housing Inc.
What is the revenue of Moravia Community Housing Inc?
Moravia Community Housing Inc's revenue in 2022 was $125,321.
Who are the executives of Moravia Community Housing Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Moravia Community Housing Inc?
Moravia Community Housing Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Moravia Community Housing Inc
Moravia Community Housing Inc, as a corporation, is dedicated to providing affordable housing solutions for elderly individuals, disabled persons, and families. Their mission is to make housing accessible by basing rent on 30% of an applicant's annual income, with the remaining balance subsidized by USDA/Rural Development. This strategic approach allows 30 families to secure safe and economical homes. The organization manages an apartment complex, consisting of 30 units, and achieved an impressive occupancy rate of 95% in 2021. By offering affordable housing options, Moravia Community Housing Inc plays a significant role in enhancing living conditions for its residents, promoting stability and well-being within its community.
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Impact
October, 2024
Moravia Community Housing Inc significantly impacts the Moravia, Iowa community by providing safe and affordable housing for the elderly, disabled, and families. By ensuring that rent is based on just 30% of a tenant's yearly income, the organization alleviates financial burdens, making housing accessible for those who may struggle economically. The organization operates a 30-unit apartment complex with a remarkable occupancy rate of 95% in 2021, demonstrating a high demand for its services.
By facilitating stable living conditions for 30 families, Moravia Community Housing Inc plays a crucial role in enhancing the quality of life for its residents. The support from USDA/Rural Development allows for a sustainable model that empowers individuals and families by ensuring they have a secure place to call home, ultimately contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of Moravia Community Housing 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 2022.
- Investment Income: $6
- Program Service Revenue: $121,961
- Gross Receipts: $125,321
Assets and Liabilities:
- Total Assets: $488,589
- Total Liabilities: $353,235
- Net Assets: $135,354
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Organization Details
Phone
(515) 295-2927Principal Officer
Roy Miller
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
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