Overview
What is Golden Thread Housing Inc?
Golden Thread Housing Inc, a nonprofit organization based in Tingley, Iowa, provides housing solutions for low-income elderly individuals. They operate 29 rental units and receive subsidies for their rental income from the US Department of Housing and Urban Development (HUD), enabling them to uphold their mission. The organization's primary objective is to offer affordable living arrangements to this specific demographic, creating a supportive community for their residents. With a dedicated workforce of three individuals, Golden Thread Housing Inc is committed to enhancing the living conditions and quality of life for its elderly tenants.
Is Golden Thread Housing Inc legitimate?
Golden Thread Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Thread 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,630
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What is the mission statement of Golden Thread Housing Inc?
Golden Thread Housing Inc is an organization that provides housing solutions for low-income elderly individuals. They operate under a program with the United States Department of Housing and Urban Development (HUD), and in return, they receive a subsidy for their rental income. The organization's mission, as stated, is to offer 29 rental units to this specific demographic. The primary objective of Golden Thread Housing Inc is to provide a suitable living environment for these individuals, ensuring they can live with dignity and independence. The subsidy they receive from HUD is crucial in making this affordable housing possible. The organization's activities are centered around maintaining and managing these rental units, ensuring they meet the needs of their residents.
Who is the CEO of Golden Thread Housing Inc?
Terry Jacobson is the President of Golden Thread Housing Inc.
What is the revenue of Golden Thread Housing Inc?
Golden Thread Housing Inc's revenue in 2023 was -$1,048.
Who are the executives of Golden Thread Housing Inc and what are their salaries?
The average compensation at Golden Thread Housing Inc during 2023 was $6,210. There are 3 employees at Golden Thread Housing Inc.
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Where can I find the form 990 for Golden Thread Housing Inc?
Golden Thread Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Golden Thread Housing Inc
Golden Thread Housing Inc is dedicated to providing affordable housing solutions for low-income elderly individuals. Through a partnership with the US Department of Housing and Urban Development, this organization operates 29 rental units, offering them at subsidized rates. The subsidy for the rental income allows Golden Thread Housing Inc to carry out its mission effectively, ensuring that the elderly individuals who reside there can afford their living expenses. By offering this service, Golden Thread Housing Inc is able to contribute positively to the community, providing a stable living environment for those who may be in need of such support.
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Impact
October, 2024
Golden Thread Housing Inc significantly enhances the lives of low-income elderly individuals by providing access to 29 rental units in Tingley, Iowa. Through its partnership with the U.S. Department of Housing and Urban Development (HUD), the organization ensures affordable housing options for this vulnerable population. By receiving subsidies for rental income from HUD, Golden Thread Housing Inc alleviates housing costs, allowing residents to allocate their limited resources toward other essential needs such as healthcare and nutrition.
The presence of these rental units not only contributes to the stability and security of the residents but also fosters a sense of community among them. This supportive environment is crucial for the elderly, who may often face social isolation. By addressing housing insecurity, Golden Thread Housing Inc plays a vital role in promoting dignity, autonomy, and a higher quality of life for low-income elderly individuals in the area.
This information is meant to be a general summary of Golden Thread 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 2023.
- Investment Income: $396
- Gross Receipts: $183,828
Assets and Liabilities:
- Total Assets: $1,542,761
- Total Liabilities: $2,500,820
- Net Assets: -$958,059
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Organization Details
Founding Year
2003
Phone
(641) 464-3832Principal Officer
Terry Jacobson
Main Address
1461 250TH AVE, TINGLEY, IA, 50863
NTEE Category
Code: L22 - Housing
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