Overview
What is Valley Apartments Inc?
Valley Apartments Inc is a nonprofit organization based in Sloan, Iowa, dedicated to providing affordable housing for low-income individuals and families, with a special focus on the elderly and disabled. The organization ensures that rent is calculated as a maximum of 30% of the tenant's annual income, with the remaining balance being subsidized by USDA/Rural Development. By doing so, Valley Apartments has managed to provide a secure and sustainable living environment for 12 families who were previously struggling with high living costs, residing at Valley Apartments in Algona, Iowa.
Is Valley Apartments Inc legitimate?
Valley Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Apartments 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 Valley Apartments Inc?
Valley Apartments Inc is committed to providing affordable housing for low-income individuals and families, with a special focus on the elderly and disabled. They ensure that rent is calculated as a proportion of the tenant's yearly income, with the balance being subsidized by USDA/Rural Development. This organizational effort has been instrumental in providing a safe and sustainable living environment for 12 families who were previously struggling with high living costs. Valley Apartments' mission aims to make housing more accessible, thereby contributing to the well-being of the community.
Who is the CEO of Valley Apartments Inc?
Darrel Iverson is the President of Valley Apartments Inc.
What is the revenue of Valley Apartments Inc?
Valley Apartments Inc's revenue in 2022 was $96,285.
Who are the executives of Valley Apartments Inc 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 Valley Apartments Inc?
Valley Apartments Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Valley Apartments Inc
Valley Apartments Inc, as a mission-driven organization, strives to provide affordable housing for low-income individuals and families, with a particular focus on the elderly and disabled. The company's approach is centered around offering rent that is calculated based on 30% of the tenant's annual income, with the remaining balance being subsidized by the USDA/Rural Development. This unique approach has been instrumental in providing a safe and sustainable living environment for 12 families who were previously struggling with high living costs. By offering affordable housing, Valley Apartments Inc has become a beacon of hope and support for those in need, enabling them to maintain a stable and secure living situation.
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
Valley Apartments Inc significantly impacts the community by providing affordable housing options for low-income individuals and families in Sloan, Iowa. Its focus on low-rent accommodations for the elderly and disabled addresses critical housing needs for some of the most vulnerable populations. By calculating rent based on just 30% of a tenant's annual income and securing USDA/Rural Development subsidies for the remainder, the organization enables families to maintain financial stability while residing in a safe environment.
The tangible results of Valley Apartments' efforts are evident, as it has successfully provided a sustainable home for 12 families who were previously struggling with high living costs. This commitment to affordability not only alleviates financial pressure for these residents but also fosters a sense of community and security. By enhancing access to stable housing, Valley Apartments Inc plays a crucial role in improving the quality of life for its tenants, supporting their well-being, and contributing to the overall health of the community in Algona, Iowa.
This information is meant to be a general summary of 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $59,007
- Gross Receipts: $96,285
Assets and Liabilities:
- Total Assets: $259,508
- Total Liabilities: $251,494
- Net Assets: $8,014
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(515) 295-2927Principal Officer
Darrel Iverson
Main Address
PO Box 476, Algona, IA, 50511
NTEE Category
Code: L22 - Housing
If you are a representative of Valley Apartments Inc 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.