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Inez Apartments Inc

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

EIN: 201835268 ✦ Prestonsburg, KY ✦ Designated as a 501(c)(3)

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Overview

What is Inez Apartments Inc?

Inez Apartments Inc is a nonprofit organization that is committed to serving the housing needs of senior citizens with low income. Their primary mission is to provide suitable living accommodations for this vulnerable population. By offering affordable housing, Inez Apartments Inc has been able to contribute positively to the lives of many elderly individuals, ensuring they have a secure and comfortable place to reside.

Is Inez Apartments Inc legitimate?

Inez Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inez Apartments 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: $25,685

For more financial information, click here

What is the mission statement of Inez Apartments Inc?

Inez Apartments Inc's mission is centered around providing affordable housing for elderly individuals with limited income. This non-profit organization has been dedicated to offering dwellings to senior citizens who fall under this income bracket. The primary objective of Inez Apartments Inc is to ensure that elderly individuals have a suitable living space, thereby enhancing their quality of life. The organization has been instrumental in offering housing solutions to this specific demographic, thereby contributing to their overall well-being.

Who is the CEO of Inez Apartments Inc?

Diane Thacker is the Vp of Inez Apartments Inc.

What is the revenue of Inez Apartments Inc?

Inez Apartments Inc's revenue in 2022 was $127,373.

Who are the executives of Inez Apartments Inc and what are their salaries?

The average compensation at Inez Apartments Inc during 2022 was $6,421. There are 4 employees at Inez Apartments Inc.


Here are 3 key members and their salaries:


James Butler (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Thacker (Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Ratliff (Sec/Tres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Inez Apartments Inc?

Inez Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Inez Apartments Inc

Inez Apartments Inc, a nonprofit organization, is committed to providing housing for senior citizens who fall under the low-income bracket. Their mission is centered around offering a residential space for elderly individuals who are financially disadvantaged. By offering low-income housing, Inez Apartments Inc aims to ensure that senior citizens have a safe and comfortable living environment without the burden of excessive housing costs. The organization's mission is to make a significant difference in the lives of these elderly individuals by providing them with a suitable living situation.

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Impact




October, 2024

Inez Apartments Inc has a significant impact on the community by addressing the critical need for affordable housing among low-income elderly populations. By providing stable and secure housing options in Prestonsburg, Kentucky, the organization helps senior citizens maintain their independence and dignity. This initiative not only alleviates the financial burden of housing costs for these individuals but also fosters a sense of community and belonging among residents.

The availability of low-income housing contributes to improved quality of life for seniors, enabling them to access essential services, healthcare, and social activities within their reach. As a result, Inez Apartments Inc plays a vital role in enhancing the overall well-being of elderly residents, promoting social interaction, and reducing isolation, which is especially important for this demographic. Their efforts have a lasting positive influence on the lives of seniors and contribute to the health and vitality of the wider community.




This information is meant to be a general summary of Inez Apartments 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
$127,373 (2022)
Expenses
$176,852 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $518
  • Program Service Revenue: $126,855
  • Gross Receipts: $127,373

Assets and Liabilities:

  • Total Assets: $1,569,135
  • Total Liabilities: $8,318
  • Net Assets: $1,560,817

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Programs

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

RENTAL INCOME

Revenue

$126,855

Organization Details

Founding Year

2004

Principal Officer

Diane Thacker

Main Address

110 RESOURCE COURT, Prestonsburg, KY, 41653

NTEE Category

Code: L20 - Housing

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