Alverno Apartments Inc.
Alverno Apartments Inc.
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About this organization
Mission
Alverno Apartments meets the needs of low-income elderly or handicapped individuals who are capable of living independently by providing safe and secure housing at an affordable cost.
About
Alverno Apartments provides housing for elderly and handicapped individuals who qualify for federal housing assistance. Alverno consists of 100 one-bedroom apartments and rent is based on 30% of annual adjusted income. Head of household or spouse must be age 62 or older. Persons younger than 62 may be eligible if they are handicapped and meet HUD requirements.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “Alverno apartments meets the needs of low-income elderly or handicapped individuals who are capable of living independently by providing safe and secure housing at an affordable cost.”.
When talking about its functions, they were outlined as: “Alverno apartments meets the needs of low-income elderly or handicapped individuals who are capable of living independently by providing safe and secure housing at an affordable cost.”.
- The legally reported state of operation for the non-profit is IA.
- The non-profit organization as of 2020 has a total of 0 employees reported on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$138,743.
- The CEO's compensation within the organization is not based on a review and approval by an independent party.
- The organization has a written policy that delegates the management duties.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 1978.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.