Overview
What is Heritage Place Phase Iii?
Heritage Place Phase III is a nonprofit corporation located in Coeur d'Alene, Idaho, operating an elderly housing complex with 25 units. The complex, subsidized under Section 202, offers year-round residence for the elderly. Regulated by the U.S. Department of Housing and Urban Development (HUD), rent charges and operating methods are governed by HUD's guidelines. The project relies on economic assistance from HUD in the form of rental supplements to help meet its operating expenses. With a high occupancy rate, Heritage Place Phase III serves as a testament to the significant need for affordable elderly housing in the area, providing a home for the elderly in Coeur d'Alene, Idaho.
Is Heritage Place Phase Iii legitimate?
Heritage Place Phase Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Place Phase Iii 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: $39,380
For more financial information, click here
What is the mission statement of Heritage Place Phase Iii?
Heritage Place Phase III, as a U.S. Department of Housing and Urban Development (HUD) subsidized Section 202 project, is dedicated to providing low-income housing for the elderly. The project's mission is to offer a secure living environment for elderly individuals, ensuring they have access to affordable housing. Regulated by HUD, the project adheres to specific rent charges and operating methods, and relies on economic assistance from HUD in the form of rental supplements to meet its operating expenses. With a high occupancy rate of nearly 100%, Heritage Place Phase III effectively addresses the significant need for such housing facilities in the area, ensuring elderly individuals have a suitable living situation.
Who is the CEO of Heritage Place Phase Iii?
Ann Johnson is the President of Heritage Place Phase Iii.
What is the revenue of Heritage Place Phase Iii?
Heritage Place Phase Iii's revenue in 2022 was $133,388.
Who are the executives of Heritage Place Phase Iii and what are their salaries?
There 7 volunteers at Heritage Place Phase Iii.
Here are 8 key members and their salaries:
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- Compensation: $0
- Related: $129,027
- Other: $6,585
Where can I find the form 990 for Heritage Place Phase Iii?
Heritage Place Phase Iii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Heritage Place Phase Iii
Heritage Place Phase III, a nonprofit corporation, is dedicated to providing low-income housing for the elderly. This initiative is part of the U.S. Department of Housing and Urban Development's Subsidized Section 202 Program. The mission of Heritage Place Phase III is to offer a housing complex that caters specifically to the elderly population, ensuring they have access to affordable and secure living spaces. The project is regulated by the U.S. Department of Housing and Urban Development, which oversees rent charges and operating methods to ensure the project runs efficiently. Economic assistance from HUD in the form of rental supplements helps Heritage Place Phase III meet its operating expenses, making it an essential resource in the community for elderly individuals in need of housing assistance. The high occupancy rate of the project during the year underscores the significant need for such initiatives in the area.
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Impact
October, 2024
Heritage Place Phase III significantly impacts the community by providing essential low-income housing for the elderly population in Coeur d'Alene, Idaho. This complex comprises 25 units specifically designed to accommodate seniors, addressing a pressing need for affordable housing in the area.
The project's affiliation with the U.S. Department of Housing and Urban Development under the Section 202 program ensures that rent charges are regulated, making it financially accessible for low-income elderly residents. The nearly full occupancy rate highlights the demand for such housing solutions in the community, demonstrating the importance of this initiative in enhancing the quality of life for seniors who might otherwise struggle to find suitable living arrangements.
Moreover, the economic assistance from HUD allows Heritage Place Phase III to effectively manage operating expenses while providing safe and stable housing. This not only contributes to the well-being of its residents but also helps foster a sense of community among seniors, reducing isolation and promoting social connections. Overall, Heritage Place Phase III plays a crucial role in supporting vulnerable elderly residents, ensuring they have access to necessary housing resources.
This information is meant to be a general summary of Heritage Place Phase Iii. 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: $419
- Program Service Revenue: $92,655
- Gross Receipts: $133,388
Assets and Liabilities:
- Total Assets: $2,405,230
- Total Liabilities: $41,710
- Net Assets: $2,363,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENTS
Revenue
$87,705
MISC RESIDENT RECEIPTS
Revenue
$4,950
Organization Details
Founding Year
2007
Phone
(208) 664-2680Principal Officer
Ann Johnson
Main Address
702 W WALNUT, COEUR DALENE, ID, 83814
NTEE Category
Code: L22 - Housing
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