Overview
What is Diamond Heights Inc?
Diamond Heights Inc is a nonprofit organization situated in Des Moines, Iowa, primarily dedicated to offering housing solutions for low-income elderly residents. They manage a 16-unit apartment complex, which is financially backed by a section 202 capital advance from HUD. The operational expenses of this complex are supported by section 202 PRAC assistance, ensuring that rent remains affordable for the tenants. This initiative aims to provide a secure living environment for the elderly population with limited financial resources.
Is Diamond Heights Inc legitimate?
Diamond Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diamond Heights 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.
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What is the mission statement of Diamond Heights Inc?
Diamond Heights Inc, as an organization, is dedicated to providing housing solutions for low-income elderly individuals. They operate a 16-unit apartment complex, which is funded by a section 202 capital advance from HUD. The operational expenses of this complex are subsidized through section 202 PRAC assistance, ensuring that the rent remains affordable for its tenants. Essentially, Diamond Heights Inc aims to make suitable living arrangements accessible for elderly individuals with limited income.
Who is the CEO of Diamond Heights Inc?
Julie Utech is the President of Diamond Heights Inc.
What is the revenue of Diamond Heights Inc?
Diamond Heights Inc's revenue in 2022 was $98,900.
Who are the executives of Diamond Heights Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Diamond Heights Inc?
Diamond Heights Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Diamond Heights Inc
Diamond Heights Inc, a nonprofit organization, is committed to providing affordable housing for low-income elderly residents. Situated in an unspecified location, the organization manages a 16-unit apartment complex. The financing for this complex comes from a section 202 capital advance provided by HUD. To maintain the affordability of rent for the tenants, Diamond Heights Inc benefits from section 202 PRAC assistance, which subsidizes the operational expenses. This means that elderly individuals, who might otherwise struggle with housing costs, can live in this complex with ease. By offering such a service, Diamond Heights Inc contributes to the well-being of the elderly community, ensuring they have access to safe and affordable housing.
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Impact
October, 2024
Diamond Heights Inc significantly impacts the community by providing affordable housing options for low-income elderly residents in Des Moines, IA. By operating a 16-unit apartment complex, the organization addresses a critical need for safe and accessible living spaces for seniors who may struggle to afford market-rate housing. The funding through a Section 202 capital advance from HUD, alongside the subsidization from Section 202 PRA assistance, ensures that residents can live comfortably without the burden of excessive rent. This commitment not only enhances the quality of life for the elderly but also fosters a sense of community and stability for one of society's most vulnerable populations.
This information is meant to be a general summary of Diamond Heights 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: $106
- Program Service Revenue: $53,560
- Gross Receipts: $98,900
Assets and Liabilities:
- Total Assets: $531,711
- Total Liabilities: $1,143,189
- Net Assets: -$611,478
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$53,560
Organization Details
Founding Year
2000
Phone
(515) 243-8300Principal Officer
Julie Utech
Main Address
2930 BELL AVENUE, DES MOINES, IA, 50321
NTEE Category
Code: L22 - Housing
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