Alverno Housng Corporation

Organization Overview

Alverno Housng Corporation is located in Jefferson, WI. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alverno Housng Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Alverno Housng Corporation generated $457.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $323.6k during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE AN INTEREST IN REAL PROPERTY & TO CONSTRUCT & OPERATE GROUP HOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALVERNO HOUSING CORPORATION WAS ORGANIZED IN 1983 AS A NONPROFIT CORPORATION TO ACQUIRE AN INTEREST IN REAL PROPERTY AND TO CONSTRUCT AND OPERATE GROUP HOMES LOCATED IN JEFFERSON, WISCONSIN. THE PROJECT CONSISTS OF 12 UNITS IN ONE APARTMENT BUILDING AND THREE GROUP HOMES CONSISTING OF 18 UNITS DESIGNED TO PROVIDE DEVELOPMENTALLY DISABLED PERSONS WITH RENT-ASSISTED HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $217,178
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$217,178
Total Program Service Revenue$239,275
Investment income $1,246
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $457,699

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