Overview
What is Evergreen Terrace Inc?
Evergreen Terrace Inc is a nonprofit organization situated in Des Moines, Iowa, dedicated to providing housing solutions for low-income elderly individuals. The organization operates a 55-unit apartment complex, which was financed through a section 202 capital advance from the HUD. To ensure affordability, tenant rent is subsidized by section 202 project-based rental assistance. Evergreen Terrace's mission is to offer a secure living environment for its elderly residents, contributing positively to the community.
Is Evergreen Terrace Inc legitimate?
Evergreen Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evergreen Terrace 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:
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What is the mission statement of Evergreen Terrace Inc?
Evergreen Terrace Inc, as an organization, is dedicated to providing housing solutions for elderly individuals with limited income. The organization operates a 55-unit apartment complex, which is financed through a section 202 capital advance from HUD. The tenant rent at Evergreen Terrace is subsidized by section 202 practical assistance, thereby making it an affordable option for eligible residents. The primary mission of Evergreen Terrace Inc is to offer a safe and comfortable living environment for the elderly, helping them maintain their independence and dignity. The housing complex aims to enhance the quality of life for its residents by providing a supportive community.
Who is the CEO of Evergreen Terrace Inc?
Amy Bloch is the President of Evergreen Terrace Inc.
What is the revenue of Evergreen Terrace Inc?
Evergreen Terrace Inc's revenue in 2022 was $263,172.
Who are the executives of Evergreen Terrace Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Evergreen Terrace Inc?
Evergreen Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Evergreen Terrace Inc
Evergreen Terrace Inc, a nonprofit organization, is dedicated to providing housing for elderly individuals with low incomes. The mission of Evergreen Terrace is achieved through the operation of an apartment complex, which houses 55 units. This facility is financed by a section 202 capital advance from HUD, ensuring its accessibility to those in need. The tenant rent at Evergreen Terrace is subsidized by section 202 prac assistance, making it an affordable option for eligible individuals. The focus of Evergreen Terrace is on providing a secure and comfortable living environment for its residents, thereby improving their quality of life.
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Impact
October, 2024
Evergreen Terrace Inc significantly impacts the community by providing essential housing for low-income elderly individuals in Des Moines, Iowa. With its 55-unit apartment complex, Evergreen Terrace ensures that seniors have access to affordable and safe living accommodations. The facility is financed through a Section 202 capital advance from HUD, allowing it to offer subsidized rent via Section 202 PRA assistance. This model not only alleviates financial burdens for seniors but also fosters a supportive living environment that promotes stability and dignity in their later years. By focusing on the specific needs of low-income elderly residents, Evergreen Terrace plays a vital role in enhancing the overall quality of life for this vulnerable population.
This information is meant to be a general summary of Evergreen Terrace 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.
- Investment Income: $496
- Program Service Revenue: $232,268
- Gross Receipts: $263,172
Assets and Liabilities:
- Total Assets: $1,528,395
- Total Liabilities: $3,277,800
- Net Assets: -$1,749,405
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$232,268
Organization Details
Founding Year
1994
Phone
(712) 258-3251Principal Officer
Amy Bloch
Main Address
2930 BELL AVENUE, DES MOINES, IA, 50321
NTEE Category
Code: L80Z - Housing
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