Overview
What is Hot Springs Senior Citzens Apartments?
Hot Springs Senior Citizens Apartments, established in 1963, is a Wyoming-based nonprofit organization with a mission to provide affordable housing for the elderly. The organization, located in Thermopolis, Wyoming, operates a 24-unit complex known as Hot Springs Senior Citizens Apartments. It has partnered with the U.S. Department of Housing and Urban Development (HUD) to ensure the property remains accessible to low-income elderly residents through a Section 8 Housing Assistance Payment contract. The nonprofit's primary goal is to construct and manage a senior living facility, offering a supportive environment for the elderly population in the community.
Is Hot Springs Senior Citzens Apartments legitimate?
Hot Springs Senior Citzens Apartments is a legitimate nonprofit organization registered as a 501(c)(4) entity. Hot Springs Senior Citzens Apartments 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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What is the mission statement of Hot Springs Senior Citzens Apartments?
The Hot Springs Senior Citizens Apartments, established in 1963, is a not-for-profit corporation with a mission to construct and operate a rental housing property for low-income elderly individuals. This mission is carried out through a partnership with the U.S. Department of Housing and Urban Development, as evidenced by the Section 8 Housing Assistance Payment contract. The organization provides housing accommodations, contributing to the well-being and comfort of its elderly residents. The aim is to offer affordable living solutions, thereby providing a suitable environment for this specific demographic.
What is the revenue of Hot Springs Senior Citzens Apartments?
Hot Springs Senior Citzens Apartments's revenue in 2024 was $250,636.
Who are the executives of Hot Springs Senior Citzens Apartments 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 Hot Springs Senior Citzens Apartments?
Hot Springs Senior Citzens Apartments's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Hot Springs Senior Citzens Apartments
Hot Springs Senior Citizens Apartments, established in 1963, is a not-for-profit corporation with a mission to construct and operate a rental housing property for low-income elderly individuals. This mission is carried out through a partnership with the U.S. Department of Housing and Urban Development, as evidenced by the Section 8 Housing Assistance Payment Contract the organization has entered into. The apartment complex, known as Hot Springs Senior Citizens Apartments, is located in Thermopolis, Wyoming, and consists of 24 units specifically designed to cater to the needs of the elderly population. The organization's mission is centered around providing affordable housing options for this vulnerable group, aiming to enhance their quality of life and ensure their needs are met.
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Impact
October, 2024
Hot Springs Senior Citizens Apartments significantly enhances the quality of life for low-income elderly residents in Thermopolis, Wyoming. By providing 24 rental units specifically designed for seniors, it addresses a critical need for affordable housing for this demographic, allowing them to live independently while having access to a supportive community.
The impact of this facility extends beyond mere housing; it fosters a sense of belonging and camaraderie among residents. This community aspect is vital for combating isolation, which is a common issue among elderly individuals. Furthermore, by partnering with the U.S. Department of Housing and Urban Development through a Section 8 Housing Assistance Payment Contract, Hot Springs Senior Citizens Apartments ensures that the rent remains affordable, allowing seniors to allocate their limited resources to other essential needs such as healthcare and daily living expenses.
Overall, this initiative plays a crucial role in promoting the well-being and dignity of elderly citizens in the region, helping them maintain their independence while ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Hot Springs Senior Citzens Apartments. 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 2024.
- Investment Income: $604
- Program Service Revenue: $107,929
- Gross Receipts: $250,636
Assets and Liabilities:
- Total Assets: $450,267
- Total Liabilities: $213,879
- Net Assets: $236,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$107,929
Organization Details
Founding Year
1963
Principal Officer
Marilyn Braaten
NTEE Category
Code: L22 - Housing
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