Overview
What is St Timothy Park Apartments?
St. Timothy Park Apartments is a nonprofit organization that provides housing and supportive services for low-income elderly individuals in Northeast Ohio. Their mission is to promote and strengthen self-sufficiency, specifically among the poor, through quality housing and supportive services. The organization operates a 40-unit apartment project in Garfield Heights, Ohio, under Section 202 of the National Housing Act. They aim to keep seniors self-reliant and independent by securing additional services they need and fostering a sense of community among residents. Eligibility for residency is determined by income, and individuals must be recertified annually. The project is subject to regulations by the U.S. Department of Housing and Urban Development (HUD) with regards to rental charges and operating methods.
Official website here: www.hmhousing.org
Is St Timothy Park Apartments legitimate?
St Timothy Park Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Timothy Park Apartments 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
Official website here: www.hmhousing.org
What is the mission statement of St Timothy Park Apartments?
St. Timothy Park Apartments promotes and enhances self-sufficiency among individuals and families, particularly the economically disadvantaged, through the provision of supportive services and high-quality housing. As a not-for-profit entity, St. Timothy Park Apartments, Inc., manages a 40-unit apartment project, which commenced operations in 2008. This project falls under Section 202 of the National Housing Act of 1959 and is subject to regulation by the U.S. Department of Housing and Urban Development (HUD) with regard to rental charges and operating methods. The project's primary program is its Section 202 Capital Advance, which largely funded its development. St. Timothy Park Apartments also has a Project Rental Assistance Contract (PRAC) with HUD, and a portion of its rental income comes from HUD.
Official website here: www.hmhousing.org
Who is the CEO of St Timothy Park Apartments?
Fred Berry is the Chair of St Timothy Park Apartments.
Official website here: www.hmhousing.org
What is the revenue of St Timothy Park Apartments?
St Timothy Park Apartments's revenue in 2022 was $400,451.
Official website here: www.hmhousing.org
Who are the executives of St Timothy Park Apartments and what are their salaries?
There 7 volunteers at St Timothy Park Apartments.
Here are 8 key members and their salaries:
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- Related: $94,792
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Official website here: www.hmhousing.org
Where can I find the form 990 for St Timothy Park Apartments?
St Timothy Park Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmhousing.org
Learn more at the official website: www.hmhousing.org
Mission Statement of St Timothy Park Apartments
St. Timothy Park Apartments, as a not-for-profit entity, is committed to promoting and strengthening the self-sufficiency of individuals and families, with a particular focus on the economically disadvantaged. This mission is achieved through the provision of supportive services and quality housing. The organization operates a 40-unit apartment project, which began operations in December 2008. The operations of St. Timothy Park Apartments are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods, under Section 202 of the National Housing Act of 1959. The organization's major program is its Section 202 Capital Advance, which provided the primary funding for the project's development. Additionally, St. Timothy Park Apartments is subject to a Project Rental Assistance Contract (PRAC) with HUD, and a portion of its rental income is received from this source. In essence, St. Timothy Park Apartments aims to empower its residents by offering them the necessary support and housing, enabling them to become more self-reliant.
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Impact
October, 2024
St. Timothy Park Apartments significantly enhances the quality of life for low-income elderly individuals in Cuyahoga Falls, Ohio, by providing safe, attractive, and well-maintained housing. The facility consists of 40 units designed specifically for seniors, ensuring that residents have access to a supportive community that fosters independence.
The apartments not only offer shelter but also promote self-sufficiency among residents. By securing additional supportive services tailored to the needs of seniors, St. Timothy Park Apartments encourages a seamless balance between independent living and necessary assistance. This holistic approach empowers individuals and families, helping them maintain their autonomy for as long as possible.
Moreover, St. Timothy Park Apartments operates under strict guidelines set by the U.S. Department of Housing and Urban Development (HUD), ensuring the project meets high standards for safety and quality. The project’s rental assistance program alleviates financial burdens, allowing residents to focus on their well-being and fostering a sense of community. Overall, the impact of St. Timothy Park Apartments is profound, as it plays a crucial role in enhancing the lives of some of the most vulnerable members of the community.
This information is meant to be a general summary of St Timothy Park Apartments. 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: $25
- Program Service Revenue: $393,971
- Gross Receipts: $400,451
Assets and Liabilities:
- Total Assets: $2,653,366
- Total Liabilities: $136,432
- Net Assets: $2,516,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$393,971
Organization Details
Founding Year
2007
Phone
(330) 384-1555Principal Officer
Fred Berry
Main Address
2251 Front St Suite 210, Cuyahoga Falls, OH, 44221
Website
www.hmhousing.orgNTEE Category
Code: L22 - Housing
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