Overview
What is Hancock Estates Corporation?
Hancock Estates Corporation is a nonprofit organization situated in Tiverton, Rhode Island. Their primary focus is on providing affordable housing for the elderly and disabled community, adhering to Section 202 of the National Housing Act. They operate a 51-unit apartment complex named Hancock Estates, which is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring appropriate rental charges and operating methods. The organization's mission is to contribute positively to the lives of the elderly population in Tiverton, offering a safe and comfortable living environment.
Official website here: www.valleyaffordable.org
Is Hancock Estates Corporation legitimate?
Hancock Estates Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hancock Estates Corporation 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: $92,127
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Official website here: www.valleyaffordable.org
What is the mission statement of Hancock Estates Corporation?
Hancock Estates Corporation's primary mission is to offer affordable housing solutions to the elderly and disabled. Specifically, they provide low-income housing under Section 202 of the National Housing Act. Their operations are regulated by the HUD, ensuring reasonable rental charges and operational methods. The corporation operates a 51-unit apartment complex in an unspecified location, known as Hancock Estates. Their primary focus is on serving this specific demographic, providing them with a secure and affordable living space.
Official website here: www.valleyaffordable.org
Who is the CEO of Hancock Estates Corporation?
Ed Mulholland is the Principal Officer of Hancock Estates Corporation.
Official website here: www.valleyaffordable.org
What is the revenue of Hancock Estates Corporation?
Hancock Estates Corporation's revenue in 2023 was $452,211.
Official website here: www.valleyaffordable.org
Who are the executives of Hancock Estates Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.valleyaffordable.org
Where can I find the form 990 for Hancock Estates Corporation?
Hancock Estates Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.valleyaffordable.org
Learn more at the official website: www.valleyaffordable.org
Mission Statement of Hancock Estates Corporation
Hancock Estates Corporation, a nonprofit organization, is dedicated to providing affordable housing for the elderly and disabled. Their mission is to ensure low-income housing for this vulnerable group, operating under Section 202 of the National Housing Act. Regulated by the HUD, the organization sets rental charges and operating methods to ensure affordability. With a 51-unit apartment complex in Tiverton, RI, known as Hancock Estates, the corporation provides a safe and supportive living environment for those who need it most. The mission of Hancock Estates Corporation is to enhance the quality of life for the elderly and disabled, offering them a secure and affordable place to call home.
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Impact
October, 2024
Hancock Estates Corporation plays a crucial role in enhancing the quality of life for elderly and disabled residents in Tiverton, RI, by providing access to affordable housing. With a focus on low-income housing, the organization operates a 51-unit apartment complex under Section 202 of the National Housing Act. This initiative ensures that vulnerable populations, who may struggle to find suitable housing options, have access to safe, regulated living environments.
The impact of Hancock Estates extends beyond just providing housing; it fosters a sense of community and support among its residents, allowing them to lead more independent and fulfilling lives. The apartments are regulated by HUD, ensuring that rental charges remain affordable and that operating methods align with best practices for maintaining both the property and the well-being of its tenants. By addressing the critical housing needs of the elderly and disabled, Hancock Estates Corporation contributes significantly to the overall welfare and stability of the Tiverton community.
This information is meant to be a general summary of Hancock Estates Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $83
- Program Service Revenue: $230,719
- Gross Receipts: $452,211
Assets and Liabilities:
- Total Assets: $2,383,659
- Total Liabilities: $4,379,362
- Net Assets: -$1,995,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$225,810
LAUNDRY REVENUE
Revenue
$4,323
TENANT CHARGES
Revenue
$586
Organization Details
Founding Year
2000
Phone
(401) 334-2802Principal Officer
Ed Mulholland
Main Address
1029 MENDON ROAD, CUMBERLAND, RI, 02894
Website
www.valleyaffordable.orgNTEE Category
Code: L21 - Housing
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