Overview
What is Allerton Housing Association Inc?
The Allerton Housing Association Inc is a dedicated nonprofit organization situated in Algona, Iowa. Their primary mission is to offer affordable housing solutions to elderly, disabled, and family residents within the Allerton community. They establish rent prices based on 30% of the applicants' annual income, with the remaining subsidy provided by USDA/Rural Development. As a result of their efforts, 12 families in the area now benefit from secure and reasonably priced residential options.
Is Allerton Housing Association Inc legitimate?
Allerton Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Allerton Housing Association 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 Allerton Housing Association Inc?
Allerton Housing Association Inc's mission is centered around providing affordable housing options. The organization primarily targets elderly, disabled, and family individuals in need. They calculate the rent based on a maximum of 30% of the applicant's annual income. The remaining balance is subsidized by USDA/Rural Development. This association's efforts have resulted in 12 families in Allerton, Iowa, gaining access to safe and affordable housing options.
Who is the CEO of Allerton Housing Association Inc?
Norma Bettis is the President of Allerton Housing Association Inc.
What is the revenue of Allerton Housing Association Inc?
Allerton Housing Association Inc's revenue in 2022 was $56,142.
Who are the executives of Allerton Housing Association Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990EZ for Allerton Housing Association Inc?
Allerton Housing Association Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Allerton Housing Association Inc
Allerton Housing Association Inc is a nonprofit organization with a mission to offer affordable housing solutions to the elderly, disabled, and families. They achieve this by setting rent prices at 30% of the applicant's annual income, with the remaining balance covered through USDA/Rural Development subsidies. This initiative has enabled 12 families to secure safe and reasonably priced housing options. The association's primary objective is to ensure that individuals in need have access to a living space they can afford, thereby improving their overall quality of life.
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Impact
October, 2024
Allerton Housing Association Inc significantly enhances the quality of life for vulnerable populations in Allerton, Iowa, by providing low-rent housing specifically designed for the elderly, disabled, and families. By structuring rent based on just 30% of an applicant's yearly income, they ensure that housing remains affordable and accessible. The organization's collaboration with USDA/Rural Development further enables them to subsidize housing costs, making it possible for individuals and families to secure safe living environments.
As a result of their efforts, 12 families have found stable homes, contributing to community stability and the well-being of those who might otherwise struggle to afford housing. This impact fosters a sense of security and belonging amongst residents, allowing them to focus on improving their lives and well-being without the constant stress of housing insecurity. The Allerton Housing Association plays a crucial role in bridging the gap between low-income individuals and the basic necessity of safe housing in the Algona area.
This information is meant to be a general summary of Allerton Housing Association 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: $100
- Program Service Revenue: $54,050
- Gross Receipts: $56,142
Assets and Liabilities:
- Total Assets: $88,441
- Total Liabilities: $23,044
- Net Assets: $65,397
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Organization Details
Phone
(515) 295-2927Principal Officer
Norma Bettis
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
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