Overview
What is Velkommen Inc?
Velkommen Inc is a nonprofit organization situated in Crandon, Wisconsin. With a single employee, their primary mission is to offer affordable housing options for individuals with limited income. They accomplish this by managing two eight-unit housing projects, with financial assistance from the U.S. Department of Agriculture. Their work serves to provide a vital living space for those in need, contributing positively to the local community.
Is Velkommen Inc legitimate?
Velkommen Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Velkommen 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,680
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What is the mission statement of Velkommen Inc?
Velkommen Inc, as a corporation, is dedicated to serving the community by providing affordable housing options for individuals with low incomes. Their mission is to alleviate housing-related challenges faced by this demographic. To accomplish this, Velkommen Inc operates two eight-unit housing projects with the assistance of the U.S. Department of Agriculture. This commitment to affordable housing aims to contribute positively to the community and help those in need secure a stable living environment.
Who is the CEO of Velkommen Inc?
Jeanie Young is the Director of Velkommen Inc.
What is the revenue of Velkommen Inc?
Velkommen Inc's revenue in 2022 was $117,326.
Who are the executives of Velkommen Inc and what are their salaries?
The average compensation at Velkommen Inc during 2022 was $10,680. There is 1 employee at Velkommen Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Velkommen Inc?
Velkommen Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Velkommen Inc
Velkommen Inc, a nonprofit organization, is dedicated to serving the community by providing affordable housing solutions for individuals with low income. Their mission is to make a significant impact in people's lives by offering housing options that are within their financial reach. By operating two eight-unit housing projects with the assistance of the U.S. Department of Agriculture, Velkommen Inc is able to contribute to the housing needs of a substantial number of individuals who may otherwise struggle to secure affordable living arrangements. This commitment to affordable housing is a testament to Velkommen Inc's dedication to improving the quality of life for those in need, thereby fostering a more inclusive and equitable community.
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Impact
October, 2024
Velkommen Inc has a significant impact on the community of Crandon, Wisconsin, by providing affordable housing options for low-income individuals. Operating two eight-unit low-income housing projects, the organization ensures that residents have access to safe and stable living environments. With assistance from the U.S. Department of Agriculture, Velkommen Inc addresses the pressing need for affordable housing, contributing to the overall well-being of the community. By facilitating access to housing for those in need, the organization plays a vital role in reducing homelessness and improving the quality of life for low-income families. Through its efforts, Velkommen Inc fosters a stronger, more inclusive community by enabling individuals to thrive in their own homes.
This information is meant to be a general summary of Velkommen 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: $30
- Program Service Revenue: $79,518
- Gross Receipts: $117,326
Assets and Liabilities:
- Total Assets: $538,875
- Total Liabilities: $1,126,654
- Net Assets: -$587,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$78,268
OTHER INCOME
Revenue
$1,250
Organization Details
Founding Year
1992
Phone
(715) 478-5030Principal Officer
Jeanie Young
Main Address
PO BOX 26, CRANDON, WI, 54520
NTEE Category
Code: L20 - Housing
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