Overview
What is Laurel Leisure Home?
Laurel Leisure Home is a nonprofit organization situated in Algona, Iowa. Its primary mission is to provide affordable housing options for the elderly, disabled, and families in Laurel, Iowa. The organization follows a unique model where applicants pay 30% of their annual income, and the remaining cost is covered by USDA/Rural Development. This subsidy has positively impacted 14 families, enabling them to secure safe and economical accommodation. Laurel Leisure Home's goal is to ensure that housing remains an attainable necessity for those in need.
Is Laurel Leisure Home legitimate?
Laurel Leisure Home is a legitimate nonprofit organization registered as a 501(c)(4) entity. Laurel Leisure Home 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Laurel Leisure Home?
Laurel Leisure Home serves as a provider of affordable housing options, catering to the needs of the elderly, disabled, and families. The organization follows a policy where applicants pay 30% of their annual income, and the remaining amount is subsidized by USDA/Rural Development. This financial arrangement has successfully supported 14 families in securing safe and reasonably priced accommodations. The location of this housing facility remains unspecified in the provided information.
What is the revenue of Laurel Leisure Home?
Laurel Leisure Home's revenue in 2024 was $109,376.
Who are the executives of Laurel Leisure Home and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Laurel Leisure Home?
Laurel Leisure Home's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Laurel Leisure Home
Laurel Leisure Home is dedicated to providing affordable housing solutions for the elderly, disabled, and families in need. The organization operates on the principle that individuals should pay 30% of their annual income towards rent, while the remaining balance is subsidized by USDA/Rural Development. This financial assistance has enabled 14 families to secure safe and economical accommodation. Laurel Leisure Home's mission is to be a beacon of hope for those who may be struggling with housing, offering them a chance to live in a secure environment without the burden of excessive financial strain. By offering these low-cost housing options, Laurel Leisure Home plays a significant role in promoting stability and well-being for its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Laurel Leisure Home significantly impacts the community by providing safe and affordable housing options for elderly individuals, disabled residents, and families in Laurel, Iowa. With a payment structure that allows residents to contribute only 30% of their yearly income, it alleviates financial burdens, enabling 14 families to secure stable accommodation. This model fosters a supportive environment where vulnerable populations can thrive, enhancing their quality of life. By collaborating with USDA/Rural Development for subsidies, Laurel Leisure Home ensures that these residents have access to essential housing, contributing to the overall well-being and stability of the community in Algona, IA.
This information is meant to be a general summary of Laurel Leisure Home. 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 2024.
- Investment Income: $178
- Program Service Revenue: $107,589
- Gross Receipts: $109,376
Assets and Liabilities:
- Total Assets: $281,337
- Total Liabilities: $34,625
- Net Assets: $246,712
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Principal Officer
Jocelin Johnson
NTEE Category
Code: L22 - Housing
If you are a representative of Laurel Leisure Home and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.