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Cottages Of Chester Village Inc

The Cottages Of Chester Village

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141870784 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is Cottages Of Chester Village Inc?

Cottages of Chester Village Inc is a nonprofit organization, specifically based in Winston-Salem, North Carolina. Their primary mission is to provide affordable housing for the elderly with low incomes, operating a 19-unit apartment complex under Section 202 of the U.S. Housing Act of 1959. Situated in Chester Village, South Carolina, their main objective is to ensure that elderly individuals have a suitable living environment. The organization operates under the name "The Cottages of Chester Village."

Is Cottages Of Chester Village Inc legitimate?

Cottages Of Chester Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottages Of Chester Village 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Cottages Of Chester Village Inc?

Cottages of Chester Village Inc is dedicated to providing low-income housing for the elderly. Their mission is to operate and manage a housing complex, specifically a 19-unit apartment building, that caters to elderly individuals with limited income. This is carried out under Section 202 of the U.S. Housing Act of 1959. The organization's primary objective is to ensure that elderly individuals in need have access to affordable housing, thereby enhancing their quality of life.

Who is the CEO of Cottages Of Chester Village Inc?

Steven Bishop is the Chairman of Cottages Of Chester Village Inc.

What is the revenue of Cottages Of Chester Village Inc?

Cottages Of Chester Village Inc's revenue in 2022 was $127,681.

Who are the executives of Cottages Of Chester Village Inc and what are their salaries?

There 6 volunteers at Cottages Of Chester Village Inc.


Here are 6 key members and their salaries:


L Stevens Bishop (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Mcfadden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda T Mcbrayer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wylie Glenn Frederick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathi P Gaddy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cottages Of Chester Village Inc?

Cottages Of Chester Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cottages Of Chester Village Inc

Cottages of Chester Village Inc, a nonprofit organization, is committed to providing low-income housing for the elderly community. Their mission is to create a welcoming environment where elderly individuals can reside comfortably. To achieve this, the organization operates a 19-unit apartment complex under Section 202 of the U.S. Housing Act of 1959. This act is designed to support the development of affordable housing for elderly individuals with low incomes. By providing this essential service, Cottages of Chester Village Inc aims to enhance the quality of life for the elderly, offering them a secure and comfortable living space.

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Impact




October, 2024

Cottages Of Chester Village Inc plays a crucial role in enhancing the quality of life for low-income elderly individuals in the Chester Village community. By operating a 19-unit apartment complex under Section 202 of the U.S. Housing Act of 1959, it provides a stable and affordable housing option for seniors who may otherwise struggle to find suitable accommodations.

This initiative not only offers shelter but also fosters a sense of community among residents, promoting social engagement and reducing the isolation that many elderly individuals face. By focusing on low-income housing services in Winston-Salem, NC, Cottages Of Chester Village Inc directly addresses the essential need for accessible living environments for seniors, helping to ensure their dignity, independence, and well-being.

The organization contributes to the broader goal of improving human services by facilitating a safe and supportive living environment, thereby positively impacting the lives of its residents and the surrounding community. Through its commitment to low-income housing, Cottages Of Chester Village Inc exemplifies the importance of creating inclusive communities that prioritize the needs of vulnerable populations.




This information is meant to be a general summary of Cottages Of Chester Village 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.

Revenue
$127,681 (2022)
Expenses
$140,292 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Program Service Revenue: $59,858
  • Gross Receipts: $127,681

Assets and Liabilities:

  • Total Assets: $863,315
  • Total Liabilities: $13,149
  • Net Assets: $850,166

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENTAL PAYMENTS

Revenue

$58,946

LAUNDRY AND VENDING

Revenue

$912

Organization Details

Founding Year

2002

Principal Officer

Steven Bishop

Main Address

2585 W CLEMMONSVILLE RD SUITE 10, WINSTONSALEM, NC, 27127

NTEE Category

Code: P75 - Human services

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