Overview
What is King Creek Cottages Inc?
King Creek Cottages Inc is a nonprofit organization situated in Hendersonville, North Carolina. Their primary mission is to offer affordable housing for individuals with disabilities. The organization operates a 10-unit apartment complex, regulated by the U.S. Department of Housing and Urban Development (HUD), which determines rental rates and operating methods. A significant portion of the project's rental income is funded by HUD, as King Creek Cottages Inc has a Housing Assistance Payments contract with the department. The organization's goal is to provide comfortable living accommodations for those in need, contributing positively to their community.
Is King Creek Cottages Inc legitimate?
King Creek Cottages Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. King Creek Cottages 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.
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What is the mission statement of King Creek Cottages Inc?
King Creek Cottages Inc is committed to providing low-income housing for individuals with disabilities. This mission is carried out through the operation of a 10-unit apartment complex, located somewhere, under Section 811 of the National Housing Act of 1959. The United States Department of Housing and Urban Development (HUD) regulates the project, determining rental rates and operating methods. The project also receives a significant portion of its rental income from HUD, under a Housing Assistance Payments contract. The primary goal of King Creek Cottages Inc is to offer housing solutions for those in need, ensuring affordability and accessibility for individuals with disabilities.
Who is the CEO of King Creek Cottages Inc?
Sheryl Fortune is the President of King Creek Cottages Inc.
What is the revenue of King Creek Cottages Inc?
King Creek Cottages Inc's revenue in 2022 was $113,186.
Who are the executives of King Creek Cottages Inc and what are their salaries?
There 14 volunteers at King Creek Cottages Inc.
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Where can I find the form 990 for King Creek Cottages Inc?
King Creek Cottages Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of King Creek Cottages Inc
King Creek Cottages Inc, as a nonprofit organization, is dedicated to providing low-income housing for individuals with disabilities. This mission is carried out through the operation of a 10-unit apartment complex, located in Hendersonville, NC, under Section 811 of the National Housing Act of 1959. The United States Department of Housing and Urban Development (HUD) regulates this project, setting guidelines for rental rates and operational methods. The apartments in this project are covered under a Housing Assistance Payments contract with HUD, and a significant portion of the project's rental income is received from HUD. In essence, King Creek Cottages Inc is committed to offering affordable housing solutions for individuals with disabilities, ensuring they have a place to call home while adhering to the regulations set by HUD.
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Impact
October, 2024
King Creek Cottages Inc significantly impacts the community by providing low-income housing specifically designed for individuals with disabilities in Hendersonville, NC. By operating a 10-unit apartment complex under the regulations set forth by the United States Department of Housing and Urban Development (HUD), the organization ensures that quality, affordable housing is accessible to those who need it most.
The apartments not only comply with the standards for safety and livability, but they also offer a supportive environment where residents can thrive. With a substantial portion of rental income aided by HUD through the Housing Assistance Payments Contract, King Creek Cottages Inc alleviates the financial burden on handicapped individuals, allowing them more opportunity for independence and integration within the community. This initiative not only addresses housing needs but also promotes inclusivity, dignity, and self-sufficiency among disabled residents. Overall, the organization plays a crucial role in enhancing the quality of life for its residents while fostering a more equitable living environment.
This information is meant to be a general summary of King Creek Cottages 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 2022.
- Investment Income: -$26,007
- Program Service Revenue: $35,314
- Gross Receipts: $139,281
Assets and Liabilities:
- Total Assets: $661,619
- Total Liabilities: $874,870
- Net Assets: -$213,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$35,314
Organization Details
Founding Year
2003
Phone
(828) 692-4744Principal Officer
Sheryl Fortune
Main Address
214 NORTH KING STREET, HENDERSONVILLE, NC, 28792
NTEE Category
Code: L21 - Housing
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