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Redbanks Regency Apartments Inc

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

EIN: 201944304 ✦ Henderson, KY ✦ Designated as a 501(c)(3)

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Overview

What is Redbanks Regency Apartments Inc?

Redbanks Regency Apartments Inc is a nonprofit organization situated in Henderson, Kentucky, specifically at 851 Kimsey Lane. Their primary focus is providing affordable housing for the elderly, with a total of 47 units available. The organization employs a modest team of three individuals, dedicated to serving seniors over the age of 62. Their mission is to extend a helping hand to the community, striving to offer quality care, services, and housing to elderly residents, while preserving their dignity, freedom of choice, and the independence essential for an enriching lifestyle.


Official website here: www.redbanks.org

Is Redbanks Regency Apartments Inc legitimate?

Redbanks Regency Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redbanks Regency 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: $124,980

For more financial information, click here


Official website here: www.redbanks.org

What is the mission statement of Redbanks Regency Apartments Inc?

Redbanks Regency Apartments Inc, dedicated to serving the elderly, provides low-income housing with 47 apartments and a staff of three employees. Their mission is to reach out to the community and deliver quality care, services, and housing for senior citizens. They strive daily to uphold the dignity, freedom of choice, and independence needed for seniors to maintain the highest practicable lifestyle. The organization's commitment is to provide an environment that respects the unique needs and preferences of each resident, fostering a sense of community and well-being.


Official website here: www.redbanks.org

Who is the CEO of Redbanks Regency Apartments Inc?

Tim Williams is the Board Member of Redbanks Regency Apartments Inc.


Official website here: www.redbanks.org

What is the revenue of Redbanks Regency Apartments Inc?

Redbanks Regency Apartments Inc's revenue in 2023 was $396,092.


Official website here: www.redbanks.org

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

The average compensation at Redbanks Regency Apartments Inc during 2023 was $41,660. There are 3 employees at Redbanks Regency Apartments Inc.


Here are 6 key members and their salaries:


James Long (Board Member)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
Frank Chamberlain (Treasurer)
  • Compensation: $0
  • Related: $9,300
  • Other: $0
Tim Williams (Chairman)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
John Denton (Vice Chairman)
  • Compensation: $0
  • Related: $5,500
  • Other: $0
Maurice Forker (Board Member)
  • Compensation: $0
  • Related: $7,500
  • Other: $0
Eric Brown (Secretary)
  • Compensation: $0
  • Related: $7,500
  • Other: $0


Official website here: www.redbanks.org

Where can I find the form 990 for Redbanks Regency Apartments Inc?

Redbanks Regency Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.redbanks.org

Learn more at the official website: www.redbanks.org

Mission Statement of Redbanks Regency Apartments Inc

Redbanks Regency Apartments Inc, a nonprofit organization, is dedicated to providing low-income housing for individuals aged 62 and above. Its mission is threefold: firstly, it aims to be an active part of the community. Secondly, it strives to offer quality care, services, and housing for seniors. Lastly, it upholds the dignity, freedom of choice, and independence needed for seniors to maintain the highest possible lifestyle. The organization operates with a staff of three employees, managing 47 apartments designed specifically for this age group. By doing so, Redbanks Regency Apartments Inc contributes to the well-being of elderly individuals, providing them with a safe and comfortable living environment.

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Impact




October, 2024

Redbanks Regency Apartments Inc significantly impacts the community by providing low-income housing options for seniors aged 62 and older in Henderson, Kentucky. With 47 apartments available, the organization creates a supportive environment that promotes independent living while ensuring residents maintain their dignity and freedom of choice.

This initiative not only addresses the critical need for affordable housing among the aging population but also fosters a sense of community and belonging. The dedicated staff of three employees is committed to delivering quality care and services, enhancing the overall well-being of the residents. By prioritizing the individuals' lifestyle and choices, Redbanks Regency Apartments Inc plays a vital role in helping seniors thrive in a graceful and accommodating setting.




This information is meant to be a general summary of Redbanks Regency 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
$396,092 (2023)
Expenses
$528,949 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $45
  • Program Service Revenue: $396,047
  • Gross Receipts: $396,092

Assets and Liabilities:

  • Total Assets: $3,068,245
  • Total Liabilities: $605,501
  • Net Assets: $2,462,744

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Programs

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

LAUNDRY INCOME

Revenue

$3,155

BEAUTY SHOP INCOME

Revenue

$325

RENT INCOME

Revenue

$344,301

CABLE TV INCOME

Revenue

$9,140

DAMAGES

Revenue

$669

Organization Details

Founding Year

2007

Principal Officer

Tim Williams

Main Address

851 KIMSEY LANE, HENDERSON, KY, 424202665

NTEE Category

Code: L22 - Housing

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