Overview
What is Homecomings Inc (Fka Chapel Lane Housing Inc)?
Homecomings Inc., formerly known as Chapel Lane Housing Inc., is a nonprofit organization situated in Ventura, California. They serve as the general partner of Chapel Lane L.P., managing a 38-unit senior housing apartment complex for low-income seniors. Their mission is to support affordable housing for eligible low-income households, and they explore innovative financial mechanisms to develop more affordable living spaces. In essence, Homecomings Inc. aims to contribute to the Housing Authority of the City of San Buenaventura by providing, developing, financing, rehabilitating, owning, and operating decent, safe, and sanitary housing for those in need.
Is Homecomings Inc (Fka Chapel Lane Housing Inc) legitimate?
Homecomings Inc (Fka Chapel Lane Housing Inc) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homecomings Inc (Fka Chapel Lane Housing Inc) 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:
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What is the mission statement of Homecomings Inc (Fka Chapel Lane Housing Inc)?
Homecomings Inc (formerly known as Chapel Lane Housing Inc) is dedicated to supporting low-income senior households by managing Chapel Lane L.P., which owns 38 apartment rental units. Their primary charitable objective is to work in collaboration with the Housing Authority of San Buenaventura, providing, developing, financing, rehabilitating, owning, and operating decent, safe, and sanitary housing for individuals and families who cannot afford adequate housing. The organization serves as the general partner of Chapel Lane L.P., overseeing a senior housing apartment complex with 38 units in Ventura, California.
What is the revenue of Homecomings Inc (Fka Chapel Lane Housing Inc)?
Homecomings Inc (Fka Chapel Lane Housing Inc)'s revenue in 2023 was $3,673,819.
Who are the executives of Homecomings Inc (Fka Chapel Lane Housing Inc) and what are their salaries?
Here are 10 key members and their salaries:
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- Compensation: $214,116
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Where can I find the form 990 for Homecomings Inc (Fka Chapel Lane Housing Inc)?
Homecomings Inc (Fka Chapel Lane Housing Inc)'s most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Homecomings Inc (Fka Chapel Lane Housing Inc)
Homecomings Inc, formerly known as Chapel Lane Housing Inc, is devoted to a specific charitable and public purpose. This nonprofit organization aims to benefit and support the Housing Authority of San Buenaventura by providing, developing, financing, rehabilitating, owning, and operating decent, safe, and sanitary housing that is affordable for low-income individuals and households. The lack of adequate housing for such groups is a challenge that Homecomings Inc is committed to addressing. As a general partner of Chapel Lane L.P., Homecomings Inc manages a 38-unit senior housing apartment complex for low-income seniors in Ventura, California. This mission statement shows Homecomings Inc's commitment to making housing affordable and accessible for those in need, contributing positively to their communities.
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Impact
October, 2024
Homecomings Inc, formerly known as Chapel Lane Housing Inc, plays a critical role in addressing the housing needs of low-income seniors in Ventura, California. By managing Chapel Lane L.P., which owns and operates a 38-unit apartment complex specifically designed for senior citizens, the organization provides access to affordable, decent, safe, and sanitary housing for those who are often underserved.
In addition to its management role, Homecomings Inc is actively exploring innovative financial mechanisms aimed at developing more affordable housing options. This not only enhances the living conditions of qualifying households but also contributes to the broader mission of supporting the Housing Authority of the City of San Buenaventura. Through these efforts, Homecomings Inc is addressing the significant gap in housing availability for low-income seniors, thereby fostering community stability and improving quality of life for its residents.
This information is meant to be a general summary of Homecomings Inc (Fka Chapel Lane Housing Inc). 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.
- Program Service Revenue: $3,673,819
- Gross Receipts: $3,673,819
Assets and Liabilities:
- Total Assets: $4,998,055
- Total Liabilities: $290,638
- Net Assets: $4,707,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AHSC PROGRAM GRANT INC
Revenue
$3,340,976
FFS-PARTNERSHIP INCOME
Revenue
$272,037
INTEREST INCOME
Revenue
$60,783
INCOME FROM CHAPEL LAN
Revenue
$23
Organization Details
Founding Year
2003
Principal Officer
Joe Nocella
NTEE Category
Code: L20 - Housing
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