Overview
What is Velva Rental Housing Inc?
Velva Rental Housing Inc is a nonprofit organization situated in Velva, North Dakota. With a mission to promote the general social welfare of the community, the organization primarily focuses on acquiring, constructing, providing, and operating rental housing suited to the special needs and living requirements of elderly rural residents with low or moderate income, as well as other rural residents with low income. This initiative aims to enhance the quality of life for these groups, providing them with suitable accommodations that cater to their unique needs. With a workforce of three dedicated individuals, Velva Rental Housing Inc contributes to the betterment of its community by offering affordable housing solutions.
Is Velva Rental Housing Inc legitimate?
Velva Rental Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Velva Rental Housing 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:
Executive Compensation: $9,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Velva Rental Housing Inc?
Velva Rental Housing Inc, as per its mission statement, aims to contribute to the overall social welfare of the community. To achieve this goal, the organization acquires, constructs, provides, and operates rental housing and related facilities that cater to the unique needs and living requirements of elderly and low-income rural residents, as well as other rural residents with limited income. The organization's primary focus is on addressing the housing needs of this specific demographic, ensuring they have suitable living conditions.
Who is the CEO of Velva Rental Housing Inc?
Linda Beall is the President of Velva Rental Housing Inc.
What is the revenue of Velva Rental Housing Inc?
Velva Rental Housing Inc's revenue in 2022 was $156,759.
Who are the executives of Velva Rental Housing Inc and what are their salaries?
The average compensation at Velva Rental Housing Inc during 2022 was $3,237. There are 3 employees at Velva Rental Housing Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $6,125
- 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 Velva Rental Housing Inc?
Velva Rental Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Velva Rental Housing Inc
Velva Rental Housing Inc, a nonprofit organization, is committed to promoting the general social welfare of the community. To achieve this, they acquire, construct, provide, and operate rental housing and related facilities tailored to the special needs and living requirements of elderly rural residents with low or moderate income, as well as other rural residents with low income. Their mission is to enhance the living conditions of these individuals, ensuring they have access to suitable housing that caters to their unique needs and circumstances.
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Impact
October, 2024
Velva Rental Housing Inc significantly enhances the quality of life for elderly residents and low-income individuals in the rural community of Velva, North Dakota. By acquiring, constructing, and operating rental housing tailored to the unique needs of these populations, the organization ensures that safe, affordable, and suitable living conditions are accessible for those who may otherwise struggle to find adequate housing options.
The impact of Velva Rental Housing Inc extends beyond merely providing shelter. It fosters community well-being by promoting social welfare and stability among its residents. Its focus on the elderly and low-income families helps reduce homelessness and housing insecurity, contributing positively to the local economy and social fabric. Through its efforts, residents gain a sense of community, support networks, and improved overall living conditions, which can lead to enhanced health outcomes and greater social engagement.
In summary, Velva Rental Housing Inc plays a vital role in strengthening the rural community, addressing housing needs, and promoting a higher standard of living for individuals who might otherwise face significant barriers to housing access.
This information is meant to be a general summary of Velva Rental Housing 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: $3
- Program Service Revenue: $128,448
- Gross Receipts: $156,759
Assets and Liabilities:
- Total Assets: $669,995
- Total Liabilities: $571,358
- Net Assets: $98,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HOUSING REN
Revenue
$128,448
Organization Details
Founding Year
1976
Phone
(701) 389-8353Principal Officer
Linda Beall
Main Address
PO BOX 27, VELVA, ND, 58790
NTEE Category
Code: L22 - Housing
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