Overview
What is Margaret Bock Housing?
Margaret Bock Housing is a nonprofit organization situated in Cedar Rapids, Iowa. Its primary mission is to offer 36 one-room apartment units to single adults at affordable rental rates, significantly below market prices. The organization, with a small workforce of three individuals, focuses on providing housing solutions for this specific demographic, aiming to contribute positively to their living conditions.
Is Margaret Bock Housing legitimate?
Margaret Bock Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret Bock Housing 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:
Executive Compensation: $35,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,778
For more financial information, click here
What is the mission statement of Margaret Bock Housing?
Margaret Bock Housing is dedicated to serving single adults by offering them affordable housing solutions. Specifically, the organization provides one-room apartment units at rates below the market average. This mission aims to address the housing needs of this demographic, ensuring they have access to suitable living spaces. The organization has established 36 such apartments, further cementing its commitment to this cause.
Who is the CEO of Margaret Bock Housing?
Jim Federer is the President of Margaret Bock Housing.
What is the revenue of Margaret Bock Housing?
Margaret Bock Housing's revenue in 2022 was $150,103.
Who are the executives of Margaret Bock Housing and what are their salaries?
The average compensation at Margaret Bock Housing during 2022 was $20,038. There are 3 employees and 3 volunteers at Margaret Bock Housing.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $35,335
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Margaret Bock Housing?
Margaret Bock Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Margaret Bock Housing
Margaret Bock Housing, named after its benefactor, is committed to a mission of providing single adults with access to affordable housing. This is accomplished by offering 36 one-room apartment units at rates below the market standard. The organization's primary goal is to make housing more accessible and affordable for individuals who may otherwise face financial challenges in securing suitable housing. By doing so, Margaret Bock Housing aims to contribute to the overall well-being and stability of its residents, providing them with a secure living environment.
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
Margaret Bock Housing significantly impacts the community by offering 36 one-room apartment units tailored for single adults at below-market rental rates in Cedar Rapids, IA. This initiative not only addresses the urgent need for affordable housing but also fosters stability and independence for individuals who may be struggling financially. By providing access to safe and affordable living spaces, Margaret Bock Housing plays a vital role in enhancing the quality of life for its residents and contributes to the overall well-being of the community. This commitment to affordable housing helps reduce homelessness and provides individuals with the opportunity to build a brighter future.
This information is meant to be a general summary of Margaret Bock Housing. 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: $420
- Program Service Revenue: $143,380
- Gross Receipts: $150,103
Assets and Liabilities:
- Total Assets: $227,941
- Total Liabilities: $24,499
- Net Assets: $203,442
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$143,380
Organization Details
Founding Year
2000
Phone
(319) 361-6871Principal Officer
Jim Federer
Main Address
1021 Third Avenue SE, Cedar Rapids, IA, 524032444
NTEE Category
Code: L20 - Housing
If you are a representative of Margaret Bock Housing 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.