Overview
What is Badger Development Corporation?
Badger Development Corporation is a nonprofit organization situated in Badger, Iowa, dedicated to providing affordable housing solutions. Primarily catering to the elderly, disabled, and families, the corporation sets rental fees at 30% of the applicant's adjusted annual income. The balance of the rental cost is covered through USDA/Rural Development subsidies, enabling 16 families to secure safe and economical living arrangements.
Is Badger Development Corporation legitimate?
Badger Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Badger Development Corporation 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 Badger Development Corporation?
Badger Development Corporation is committed to offering affordable housing options, primarily catering to vulnerable populations such as the elderly, disabled, and families. They set rents at 30% of the applicant's annual adjusted income, with the remaining balance subsidized by USDA/Rural Development. This initiative has successfully provided a secure and cost-effective living space for 16 families, demonstrating their dedication to making housing accessible and affordable.
Who is the CEO of Badger Development Corporation?
Lori Gascho is the President of Badger Development Corporation.
What is the revenue of Badger Development Corporation?
Badger Development Corporation's revenue in 2022 was $83,799.
Who are the executives of Badger Development Corporation 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 Badger Development Corporation?
Badger Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Badger Development Corporation
Badger Development Corporation, a nonprofit organization, is committed to providing affordable housing solutions, primarily focusing on the elderly, disabled, and families. The corporation sets rental prices at a manageable 30% of the applicant's yearly adjusted income. To bridge the gap and ensure affordability, the U.S. Department of Agriculture/Rural Development provides necessary subsidies for the remaining rental costs. As a result of this initiative, 16 families in need have found a secure and economical place to call home.
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Impact
October, 2024
Badger Development Corporation significantly impacts the community by addressing the critical need for affordable housing in Badger, Iowa. By focusing on vulnerable populations—particularly the elderly, disabled, and families—the corporation establishes rent levels that are manageable, set at 30% of an applicant's adjusted yearly income. This approach ensures that individuals and families can maintain financial stability while securing safe housing.
Through partnerships with USDA/Rural Development, the corporation effectively subsidizes the remaining rental costs, making housing accessible to those who might otherwise struggle to find adequate living conditions. As a result of these efforts, 16 families have successfully transitioned into stable, affordable housing, demonstrating the tangible benefits of the organization’s mission. This initiative not only uplifts individual families but also contributes to the overall well-being and stability of the Badger community.
This information is meant to be a general summary of Badger Development Corporation. 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: $98
- Program Service Revenue: $82,496
- Gross Receipts: $83,799
Assets and Liabilities:
- Total Assets: $148,899
- Total Liabilities: $265,440
- Net Assets: -$116,541
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Organization Details
Phone
(515) 295-2927Principal Officer
Lori Gascho
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22Z - Housing
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