Overview
What is Moville Elderly Housing Development Corporation?
Moville Elderly Housing Development Corporation is a nonprofit organization situated in Moville, Iowa. Its primary aim is to offer affordable housing to the elderly, individuals with disabilities, and families within the community. By basing rent on a maximum of 30% of the applicant's annual income, and subsidizing the remaining amount with funding from the USDA/Rural Development, this organization has successfully provided secure and budget-friendly homes for 20 families, making a significant impact on their lives.
Is Moville Elderly Housing Development Corporation legitimate?
Moville Elderly Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Moville Elderly Housing 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 Moville Elderly Housing Development Corporation?
The Moville Elderly Housing Development Corporation is committed to offering affordable housing solutions to the elderly, disabled, and families in need. Their primary mission is to provide safe and reasonably priced dwellings. The rent charges for these residences are calculated based on 30% of the applicant's annual income, with the remaining balance being subsidized by the USDA/Rural Development. Due to this organization's efforts, approximately 20 families in Moville, Iowa, have gained access to secure and reasonably priced accommodations.
Who is the CEO of Moville Elderly Housing Development Corporation?
Derl Peterseon is the President of Moville Elderly Housing Development Corporation.
What is the revenue of Moville Elderly Housing Development Corporation?
Moville Elderly Housing Development Corporation's revenue in 2022 was $86,807.
Who are the executives of Moville Elderly Housing Development Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Moville Elderly Housing Development Corporation?
Moville Elderly Housing Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Moville Elderly Housing Development Corporation
Moville Elderly Housing Development Corporation is committed to providing safe and affordable housing to the elderly, disabled, and families in need. Their mission is to make a significant difference in people's lives by offering low-rent housing options. This nonprofit organization ensures that rent is calculated based on 30% of the applicant's annual income, with the remaining balance subsidized by the USDA/Rural Development. As a result, Moville Elderly Housing Development Corporation has successfully provided housing solutions to 20 families, enabling them to secure safe and affordable homes. By fulfilling its mission, this organization plays a vital role in addressing the housing needs of vulnerable individuals, thereby promoting a sense of security and stability in their lives.
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Impact
October, 2024
Moville Elderly Housing Development Corporation significantly impacts the community by providing safe and affordable housing options for the elderly, disabled, and families in Moville, Iowa. By offering low-rent housing where rent is calculated based on only 30% of a resident's yearly income, the organization ensures that individuals and families facing financial challenges can secure a stable living situation. This model not only alleviates the burden of high housing costs but also promotes community stability and enhances the quality of life for its residents. With the assistance of USDA/Rural Development subsidies, Moville Elderly Housing Development Corporation has enabled 20 families to find homes that they can afford, fostering a sense of security and wellbeing in the community. The organization's commitment to creating a supportive housing environment plays a crucial role in addressing the needs of vulnerable populations in the area.
This information is meant to be a general summary of Moville Elderly Housing 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.
- Program Service Revenue: $84,731
- Gross Receipts: $86,807
Assets and Liabilities:
- Total Assets: $171,180
- Total Liabilities: $399,282
- Net Assets: -$228,102
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Organization Details
Phone
(515) 295-2927Principal Officer
Derl Peterseon
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22Z - Housing
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