Kalona Valley Apartments Inc

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

EIN: 421089265 ✦ Mechanicsville, IA ✦ Designated as a 501(c)(4)

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Overview

What is Kalona Valley Apartments Inc?

Kalona Valley Apartments Inc is a dedicated nonprofit organization, situated undisclosed, that specializes in providing housing solutions for low-income senior citizens. With a strong commitment to their mission, they offer 49 apartments, achieving an impressive 95% occupancy rate. Their primary focus is on this specific population, ensuring they have access to suitable living spaces.

Is Kalona Valley Apartments Inc legitimate?

Kalona Valley Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kalona Valley Apartments 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: $19,687

For more financial information, click here

What is the mission statement of Kalona Valley Apartments Inc?

Kalona Valley Apartments Inc, as a dedicated organization, focuses on providing housing solutions for low-income senior citizens. With a commendable 95% occupancy rate, the company successfully fulfills its mission by offering a home to this specific population. The organization's primary goal is to ensure that elderly individuals with limited financial means have a place to live with dignity and comfort. Kalona Valley Apartments Inc strives to create an inclusive and supportive living environment for its senior residents, fostering a sense of community and improving their overall quality of life.

Who is the CEO of Kalona Valley Apartments Inc?

Phil Ropp is the Vice Preside of Kalona Valley Apartments Inc.

What is the revenue of Kalona Valley Apartments Inc?

Kalona Valley Apartments Inc's revenue in 2023 was $287,008.

Who are the executives of Kalona Valley Apartments Inc and what are their salaries?

The average compensation at Kalona Valley Apartments Inc during 2023 was $9,844. There are 2 employees and 9 volunteers at Kalona Valley Apartments Inc.


Here are 9 key members and their salaries:


Jenelle Bender (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Coblentz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Hershberger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Kern (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Ropp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Showalter (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Slabach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Junita Troyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Yotty (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kalona Valley Apartments Inc?

Kalona Valley Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Kalona Valley Apartments Inc

Kalona Valley Apartments Inc, a dedicated nonprofit organization, is committed to providing housing for low-income senior citizens. This mission is met through the operation of 49 apartments, which have consistently maintained a high occupancy rate of 95%. By offering these apartments, Kalona Valley Apartments Inc fulfills its purpose of providing a home for this vulnerable population, ensuring they have a secure place to live.

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Impact




October, 2024

Kalona Valley Apartments Inc plays a crucial role in the Mechanicsville community by providing affordable housing for low-income senior citizens. With 49 apartments, it addresses a significant need by ensuring that seniors have access to safe and stable living conditions. The organization has achieved an impressive 95% occupancy rate, which reflects both the demand for its services and the effectiveness of its mission. By offering these housing options, Kalona Valley Apartments Inc contributes to the overall well-being of seniors, helping them maintain independence and quality of life in their later years.




This information is meant to be a general summary of Kalona Valley Apartments 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
$287,008 (2023)
Expenses
$300,245 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $21
  • Program Service Revenue: $286,987
  • Gross Receipts: $287,008

Assets and Liabilities:

  • Total Assets: $1,059,026
  • Total Liabilities: $742,846
  • Net Assets: $316,180

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Programs

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

RENT REVENUE

Revenue

$151,081

FEES & CONTRACTS GOV AGENCIES

Revenue

$122,221

CABLE & LAUNDRY REVENUE

Revenue

$11,000

MISCELLANEOUS REVENUE

Revenue

$2,685

Organization Details

Founding Year

1977

Principal Officer

Phil Ropp

Main Address

PO BOX 460, MECHANICSVILLE, IA, 52306

NTEE Category

Code: L22 - Housing

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