Overview
What is Woodco Housing Inc?
Woodco Housing Inc, situated in La Crescent, Minnesota, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing solutions for senior citizens and families with moderate incomes residing in rural areas. The organization has successfully managed 36 apartments, with occupancy levels nearing full capacity. To help facilitate this, financial aid in the form of rental assistance and interest subsidies is provided by the USDA. Woodco Housing Inc's focus remains on providing affordable living options for the elderly and disabled individuals, making a significant impact in rural communities.
Is Woodco Housing Inc legitimate?
Woodco Housing Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Woodco 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:
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Other Salaries and Wages: $37,779
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What is the mission statement of Woodco Housing Inc?
Woodco Housing Inc's mission is centered around providing affordable housing options for seniors and individuals with disabilities residing in rural areas. The organization strives to make housing accessible for those with low to moderate incomes. Currently, Woodco Housing Inc. manages 36 apartments, with occupancy approaching full capacity. The United States Department of Agriculture (USDA) provides rental assistance and interest subsidies to support this endeavor. The primary goal of Woodco Housing Inc. is to ensure that these vulnerable groups have access to secure, affordable housing, thereby improving their quality of life.
Who is the CEO of Woodco Housing Inc?
Richard Handrow is the Secretary of Woodco Housing Inc.
What is the revenue of Woodco Housing Inc?
Woodco Housing Inc's revenue in 2021 was $201,498.
Who are the executives of Woodco Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Woodco Housing Inc?
Woodco Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Woodco Housing Inc
Woodco Housing Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for senior citizens and individuals with disabilities residing in rural areas. Their mission is to alleviate the housing challenges faced by individuals and families with low to moderate income, offering them a secure living environment. With a current occupancy rate close to 100%, Woodco Housing Inc ensures that their 36 apartments cater to the needs of this specific demographic. The organization's efforts are further supported by rental assistance and interest subsidies provided by the USDA, ensuring that affordable housing remains within reach for those who need it most.
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Impact
October, 2024
Woodco Housing Inc significantly impacts the community by providing affordable housing solutions for seniors and individuals with disabilities in rural areas. With a collection of 36 apartments, Woodco maintains a near 100% occupancy rate, demonstrating the high demand for its services. By offering rental assistance and interest subsidies, primarily supported by the USDA, Woodco alleviates financial burdens for low to moderate-income families and individuals, ensuring they have access to safe and stable housing. This initiative not only enhances the quality of life for residents but also fosters a sense of community and security among vulnerable populations in La Crescent, MN.
This information is meant to be a general summary of Woodco 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 2021.
- Investment Income: $50
- Program Service Revenue: $138,791
- Gross Receipts: $201,498
Assets and Liabilities:
- Total Assets: $893,393
- Total Liabilities: $1,051,700
- Net Assets: -$158,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$108,213
OTHER INCOME
Revenue
$28,280
LAUNDRY INCOME
Revenue
$2,298
Organization Details
Principal Officer
Richard Handrow
Main Address
412 SOUTH 3RD STREET, LA CRESCENT, MN, 55947
NTEE Category
Code: L21 - Housing
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