Overview
What is Arkansas City Area Progress Inc?
Arkansas City Area Progress Inc, established as a Kansas-based nonprofit corporation, is dedicated to providing subsidized housing for low and moderate-income families. In accordance with Section 236 of the Federal Housing and Urban Development Act, the organization operates in Arkansas City, Kansas, with a mission to make housing accessible and affordable. With a small workforce of two individuals, Arkansas City Area Progress Inc actively works towards enhancing the living conditions of its community, contributing to the overall well-being of its residents.
Is Arkansas City Area Progress Inc legitimate?
Arkansas City Area Progress Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Arkansas City Area Progress 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: $20,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,870
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What is the mission statement of Arkansas City Area Progress Inc?
Arkansas City Area Progress Inc was established as a not-for-profit corporation with a primary focus on providing affordable housing options for low and moderate-income families. In line with Section 236 of the Federal Housing and Urban Development Act, this organization offers subsidized rentals, aiming to contribute positively to the housing needs of these families. The organization's mission is to promote access to housing, thereby contributing to the well-being and stability of these families in their communities.
Who is the CEO of Arkansas City Area Progress Inc?
Theodore Stover is the Director of Arkansas City Area Progress Inc.
What is the revenue of Arkansas City Area Progress Inc?
Arkansas City Area Progress Inc's revenue in 2022 was $298,347.
Who are the executives of Arkansas City Area Progress Inc and what are their salaries?
The average compensation at Arkansas City Area Progress Inc during 2022 was $36,848. There are 2 employees at Arkansas City Area Progress Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Arkansas City Area Progress Inc?
Arkansas City Area Progress Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arkansas City Area Progress Inc
Arkansas City Area Progress Inc, established as a non-profit corporation, is dedicated to providing housing solutions on a non-profit basis. Their primary objective is to offer subsidized rentals to families with low and moderate incomes, in compliance with Section 236 of the Federal Housing and Urban Development Act. This organization's mission is to contribute to the community by ensuring that a diverse range of families can secure affordable living spaces, promoting stability and well-being.
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Impact
October, 2024
Arkansas City Area Progress Inc significantly impacts the community by providing rent-subsidized housing options for low and moderate-income families in Arkansas City, Kansas. By focusing on affordable housing, the organization addresses a critical need within the community, helping to alleviate the burden of housing costs for families who may otherwise struggle to secure stable living conditions.
Through its efforts, Arkansas City Area Progress Inc contributes to community stability and promotes economic growth by enabling families to invest in their futures without the constant worry of housing insecurity. Their work not only enhances the quality of life for residents but also fosters a sense of community and belonging. The organization's mission aligns with federal housing initiatives, ensuring that a portion of the population can access decent and affordable living spaces, thus strengthening the overall social fabric of Arkansas City.
This information is meant to be a general summary of Arkansas City Area Progress 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: $54
- Program Service Revenue: $298,293
- Gross Receipts: $298,347
Assets and Liabilities:
- Total Assets: $220,300
- Total Liabilities: $14,570
- Net Assets: $205,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT AND SUBSIDY
Revenue
$298,293
Organization Details
Founding Year
1970
Phone
(620) 442-1150Principal Officer
Theodore Stover
Main Address
1319 NORTH 12TH, ARKANSAS CITY, KS, 67005
NTEE Category
Code: L20 - Housing
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