Abundant Living Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 921051102 ✦ Anchorage, AK ✦ Designated as a 501(c)(3)

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Overview

What is Abundant Living Inc?

Abundant Living Inc is a compassionate nonprofit organization situated in Anchorage, Alaska, specifically at 307 E Northern Lights Blvd NO 20. Their primary mission is to enhance the lives of senior citizens residing on the southside of the city. They have established a residential senior facility, offering 48 affordable apartments to elderly residents. This living arrangement encourages seniors to collaborate and improve their overall quality of life together.

Is Abundant Living Inc legitimate?

Abundant Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abundant Living 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: $0

For more financial information, click here

What is the mission statement of Abundant Living Inc?

Abundant Living Inc's mission is centered around enhancing the lives of senior citizens. The organization strives to achieve this by improving their quality of life. They have established a residential senior facility, offering 48 low-rent apartments. This setup encourages senior citizens to collaborate, fostering an environment where they can collectively work towards improving their living standards.

Who is the CEO of Abundant Living Inc?

Kenneth J Gain is the President of Abundant Living Inc.

What is the revenue of Abundant Living Inc?

Abundant Living Inc's revenue in 2020 was $2,386.

Who are the executives of Abundant Living Inc and what are their salaries?

There 3 volunteers at Abundant Living Inc.


Here are 3 key members and their salaries:


Kenneth J Gain (President)
  • Compensation: $0
  • Related: $48,000
  • Other: $0
Joanne F Gain (Secretary/Treasurer)
  • Compensation: $0
  • Related: $30,000
  • Other: $0
Michael H Molitor (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Abundant Living Inc?

Abundant Living Inc's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Abundant Living Inc

Abundant Living Inc, a nonprofit organization, is committed to enhancing the lives of senior citizens residing in Anchorage. Their primary mission is to improve the living standards of these elderly individuals, fostering a sense of community and cooperation among them. To achieve this goal, Abundant Living Inc has developed a residential senior facility that offers 48 low-rent apartments. This living arrangement enables senior citizens to come together, supporting each other in their daily lives and collectively working towards improving their quality of life.

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Impact




August, 2024

Abundant Living Inc's impact is significant in improving the lifestyles of senior citizens in Anchorage. Through its residential senior facility providing low-rent apartments, this organization empowers seniors to come together and enhance their quality of life. By focusing on human services tailored to the specific needs of the senior community in the southside of Anchorage, Abundant Living Inc plays a crucial role in fostering a supportive environment for elderly individuals to thrive and maintain their independence.




This information is meant to be a general summary of Abundant Living 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.

Revenue
$2,386 (2020)
Expenses
$11,455 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Program Service Revenue: $2,386
  • Gross Receipts: $2,386

Assets and Liabilities:

  • Total Assets: $694,855
  • Total Liabilities: $0
  • Net Assets: $694,855

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ASSET MANAGEMENT FEE

Revenue

$3,000

SCHEDULE K-1(FORM 1065

Revenue

-$614

Organization Details

Founding Year

1994

Principal Officer

Kenneth J Gain

Main Address

307 E NORTHERN LIGHTS BLVD NO 20, ANCHORAGE, AK, 99503

NTEE Category

Code: P81 - Human services

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