Heritage Acres Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460386021 ✦ Sturgis, SD ✦ Designated as a 501(c)(3)

Overview

What is Heritage Acres Inc?

Heritage Acres Inc, located in Sturgis, South Dakota, is a nonprofit organization that specializes in providing low-income housing for elderly and handicapped individuals. Their mission revolves around offering affordable housing options for this specific demographic, with rents determined based on the individual tenant's income. The organization, with its commitment to addressing housing needs, has successfully provided 106 units to help these individuals maintain a decent living standard.


Is Heritage Acres Inc legitimate?

Heritage Acres Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Acres 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Heritage Acres Inc?
Who is the CEO of Heritage Acres Inc?
What is the revenue of Heritage Acres Inc?
Who are the executives of Heritage Acres Inc and what are their salaries?
Where can I find the form 990 for Heritage Acres Inc?

Mission Statement of Heritage Acres Inc

Heritage Acres Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for elderly and handicapped individuals. Their mission is centered around offering living spaces where rent is determined based on the income of the tenants. This approach ensures that individuals who fall under these categories can secure a place to call home without being burdened by exorbitant housing costs. By offering low-income housing, Heritage Acres Inc plays a significant role in enabling these individuals to maintain their independence and dignity, thereby improving their overall quality of life. Through their housing provision services, the organization aims to create a supportive environment that accommodates the unique needs of elderly and handicapped individuals, thereby enhancing their overall well-being and fostering a sense of community.

Impact

This information is meant to be a general summary of Heritage Acres Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Heritage Acres Inc's impact is significant in providing essential low-income housing for elderly and handicapped individuals in Sturgis, SD. By offering 106 units with rent based on tenant income, Heritage Acres Inc plays a crucial role in addressing the housing needs of this vulnerable population. This support allows elderly and handicapped individuals to have a safe and stable living environment while maintaining their financial stability. Through their mission of providing affordable housing, Heritage Acres Inc positively impacts the quality of life for those in need within the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,409
  • Program Service Revenue: $855,870
  • Gross Receipts: $892,602

    • Assets and Liabilities:
  • Total Assets: $6,022,333
  • Total Liabilities: $6,065,263
  • Net Assets: -$42,930
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SUBSIDIZED RENT

    Revenue

    $855,870

    Organization Details

    Founding Year

    1985

    Principal Officer

    Janine Short

    Main Address

    2340 EAST AVENUE, STURGIS, SD, 57785

    NTEE Category

    Code: L22 - Housing

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