Overview
What is Knox Garden Court Inc?
Knox Garden Court Inc, a nonprofit institution based in Indiana, was established with the purpose of constructing, owning, and operating a 24-unit apartment complex named Knox Garden Court in Knox, Indiana. This initiative is in line with Section 811 of the National Affordable Housing Act. The organization has entered into regulatory agreements with the Federal Housing Administration (FHA) and a Project Rental Assistance Contract (PRAC) with HUD, both of which provide frameworks for the operation of the community. The PRAC contract is a rent assistance program targeting low-income families or individuals, as per Section 8 of the National Housing Act. The primary mission of Knox Garden Court Inc is to provide affordable housing solutions to those in need.
Is Knox Garden Court Inc legitimate?
Knox Garden Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knox Garden Court 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 Knox Garden Court Inc?
Knox Garden Court Inc, a non-profit organization in Indiana, was established with the purpose of constructing, owning, and operating a 24-unit apartment complex. This complex, known as Knox Garden Court, operates under Section 811 of the National Affordable Housing Act. The organization's primary mission is to provide housing assistance to low-income families or individuals, as stipulated in Section 8 of the National Housing Act. To achieve this, Knox Garden Court Inc has executed regulatory agreements with the Federal Housing Administration (FHA) and has also entered into a Project Rental Assistance Contract (PRAC) with the Housing and Urban Development (HUD). This PRAC contract serves as a rental assistance program for eligible low-income families or individuals.
Who is the CEO of Knox Garden Court Inc?
Jim Causey is the President of Knox Garden Court Inc.
What is the revenue of Knox Garden Court Inc?
Knox Garden Court Inc's revenue in 2022 was $178,902.
Who are the executives of Knox Garden Court Inc and what are their salaries?
There 15 volunteers at Knox Garden Court Inc.
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Where can I find the form 990 for Knox Garden Court Inc?
Knox Garden Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knox Garden Court Inc
Knox Garden Court Inc, a not-for-profit organization, was established with a mission to construct, own, and operate a 24-unit apartment complex. This initiative was undertaken in accordance with Section 811 of the National Affordable Housing Act, with the goal of providing affordable housing options. The organization entered into regulatory agreements with the Federal Housing Administration (FHA) and signed a Project Rental Assistance Contract (PRAC) with HUD. The PRAC contract is a rental assistance program designed to support low-income families or individuals, as outlined in Section 8 of the National Housing Act. In essence, Knox Garden Court Inc's mission is to provide affordable housing solutions for those in need, working in partnership with federal institutions to ensure the success and sustainability of its projects.
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Impact
October, 2024
Knox Garden Court Inc significantly enhances the quality of life for residents in Knox, Indiana, by providing affordable housing through its 24-unit apartment complex, Knox Garden Court. By adhering to federal guidelines set forth by the Housing and Urban Development (HUD) and utilizing the Project Rental Assistance Contract (PRAC), the organization ensures that low-income families and individuals have access to safe and stable housing.
The construction and operation of this community serve as a vital resource in addressing the housing needs of those who might otherwise struggle to find suitable accommodations. By creating a supportive living environment, Knox Garden Court fosters a sense of community among residents, contributing positively to local social cohesion.
Furthermore, the emphasis on compliance with the National Affordable Housing Act facilitates a sustainable model that not only meets immediate housing demands but also encourages long-term community development. The presence of Knox Garden Court ultimately leads to improved health, economic stability, and overall well-being for its residents, making a lasting impact on the community of Knox, Indiana.
This information is meant to be a general summary of Knox Garden Court 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: $6
- Program Service Revenue: $96,597
- Gross Receipts: $178,902
Assets and Liabilities:
- Total Assets: $1,099,987
- Total Liabilities: $24,238
- Net Assets: $1,075,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$96,597
Organization Details
Founding Year
2005
Phone
(574) 234-9923Principal Officer
Jim Causey
Main Address
PO BOX 540, SOUTH BEND, IN, 46624
NTEE Category
Code: L22 - Housing
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