Readlyn Area Housing Corp

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

EIN: 421081216 ✦ Independence, IA ✦ Designated as a 501(c)(4)

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Overview

What is Readlyn Area Housing Corp?

Readlyn Area Housing Corp is a nonprofit organization situated in Independence, Iowa, dedicated to serving the unique needs and living requirements of elderly rural residents with modest incomes. Their primary mission is to provide suitable rental housing units and associated facilities, ensuring a comfortable living environment for this demographic. By offering housing solutions tailored to their specific needs, Readlyn Area Housing Corp strives to contribute positively to the lives of elderly rural residents in the area.

Is Readlyn Area Housing Corp legitimate?

Readlyn Area Housing Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Readlyn Area Housing Corp 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 Readlyn Area Housing Corp?

Readlyn Area Housing Corp is dedicated to providing and managing rental housing units and facilities, specifically tailored to the unique needs and living requirements of elderly individuals with low to moderate income. Their primary mission is to offer housing solutions for this particular demographic. By doing so, they aim to contribute to their comfort and well-being, ensuring they can live in a suitable environment. Although the information provided does not include explicit details about their broader goals or impact, it can be inferred that they are committed to enhancing the quality of life for elderly rural residents.

Who is the CEO of Readlyn Area Housing Corp?

Don Heineman is the President of Readlyn Area Housing Corp.

What is the revenue of Readlyn Area Housing Corp?

Readlyn Area Housing Corp's revenue in 2022 was $87,299.

Who are the executives of Readlyn Area Housing Corp and what are their salaries?


Here are 7 key members and their salaries:


James Hagenow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Billhorn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Schutte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrel Meyer (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Heineman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wittenburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauri Phelan (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Readlyn Area Housing Corp?

Readlyn Area Housing Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Readlyn Area Housing Corp

Readlyn Area Housing Corporation is dedicated to providing housing solutions tailored to the unique needs and living requirements of elderly rural residents with low to moderate income. Its primary mission is to offer suitable rental units and facilities, ensuring a comfortable living environment for this specific demographic. By doing so, the organization aims to contribute to the well-being of elderly rural residents, providing them with a secure and supportive living space.

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Impact




October, 2024

Readlyn Area Housing Corp significantly impacts the lives of elderly rural residents in low and moderate-income brackets by providing accessible rental housing that meets their specific needs. By offering well-suited living arrangements, the organization fosters a supportive environment that enhances the quality of life for these individuals, allowing them to maintain their independence while receiving the necessary care and attention.

Located in Independence, IA, Readlyn Area Housing Corp addresses a critical gap in affordable housing for older adults, ensuring they have access to safe and comfortable accommodations. This focus on elderly residents contributes to stronger community ties and helps combat social isolation, particularly in rural settings where resources may be limited.

Furthermore, the presence of such housing facilities not only supports residents’ well-being but also contributes to the local economy by encouraging community engagement and stability. Overall, Readlyn Area Housing Corp plays an essential role in enhancing the living conditions and dignity of elderly individuals in the area.




This information is meant to be a general summary of Readlyn Area Housing Corp. 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
$87,299 (2022)
Expenses
$60,788 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8
  • Program Service Revenue: $84,811
  • Gross Receipts: $87,299

Assets and Liabilities:

  • Total Assets: $281,259
  • Total Liabilities: $47,877
  • Net Assets: $233,382

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Organization Details

Principal Officer

Don Heineman

Main Address

302 1ST STREET EAST, INDEPENDENCE, IA, 50644

NTEE Category

Code: L22 - Housing

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