AI Summary
Jacobs Place Apartments, a nonprofit organization based in Iowa, is dedicated to the development and management of an 82-unit retirement housing community in Des Moines. With an operating budget of $771,000 and total revenue of $794,100 for the 2024 filing year, the organization has successfully utilized HUD-insured financing to support its mission. It does not rely on a single funder for 50% or more of its revenue.
Mission Statement
JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Cause Areas
2
Retirement housing
Housing development
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Frequently Asked Questions
What is JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC’s budget?
In 2024, JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC reported an annual operating budget of around $771 thousand. More detailed financial information is available to registered users.
What causes does JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC support?
JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC supports work in Retirement housing and Housing development.
Where does JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC operate?
JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC is headquartered in Des Moines, IA.
What is JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC’s reliance on government grants?
JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC relied on government grants for more than 45% of their total revenue in 2024.