Mediapolis Community Housing

“Expenses advertising 3,067 office exp. 2,886 other administrative expenses 1,220 interest 45,351 insurance 20,525 non-investment depreciation 14,562 total 87,611”

“Accounts receivable 562 933 prepaid expenses and deferred charges 4,884 648 building improvements 133,816 160,419 less accumulated depreciation 101,685 104,514 interoganization receivable 1,995 1,409 total 39,572 58,895”

“Accounts payable and accrued expenses 3,471 5,059 property taxes payable 5,069 5,134 security deposits payable 4,907 6,178 interorganizational payable 1,995 1,409 prepaid revenue 0 125 mortgage and other notes payable 498,158 514,629”

“Mediapolis community housing, inc. Is a nonprofit organization incorporated under the laws of the state of iowa for the purpose of operating a 16 unit elderly housing project known as mediapolis elderly housing (the elderly housing) located in mediapolis, iowa and an 8 unit family housing project known as mediapolis family housing(the family housing). The projects were financed and constructed under u.s. Department of agriculture (usda), rural development regulations. Under the program, mediapolis community housing, inc. Provides housing to the low and moderate-income elderly and families, subject to regulations by usda as to rental charges and operating methods. Lower rental charges to tenants are recovered by mediapolis community housing, inc. Through rental subsidies provided by usda.”

“The organization operates a 16-unit elderly housing project known as mediapolis elderly housing (the elderly housing) located in mediapolis, iowa and an 8-unit family housing project known as mediapolis family housing (the family housing).”