Overview
What is Portage Homes For Elderly Inc?
Portage Homes for Elderly Inc is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to offer housing solutions for low-income elderly and handicapped individuals, as regulated by the Department of Housing and Urban Development (HUD). The organization manages a complex comprising 41 rental units, all in line with the guidelines set by the National Housing Act, specifically Section 202. This nonprofit organization aims to provide a safe and comfortable living environment for this specific demographic, contributing to their overall well-being.
Is Portage Homes For Elderly Inc legitimate?
Portage Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Homes For Elderly 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.
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What is the mission statement of Portage Homes For Elderly Inc?
Portage Homes For Elderly Inc's mission is centered around providing housing for individuals who fall under the category of low-income elderly or handicapped tenants. This is in accordance with Section 202 of the National Housing Act. The organization's primary goal is to offer suitable housing solutions for this specific demographic. The housing complex, regulated by the HUD, ensures affordable rents and follows specific operating methods. Currently, the complex houses 41 tenants.
Who is the CEO of Portage Homes For Elderly Inc?
Kay Hale is the President of Portage Homes For Elderly Inc.
What is the revenue of Portage Homes For Elderly Inc?
Portage Homes For Elderly Inc's revenue in 2022 was $94,357.
Who are the executives of Portage Homes For Elderly Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Portage Homes For Elderly Inc?
Portage Homes For Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portage Homes For Elderly Inc
Portage Homes for Elderly Inc is a nonprofit organization dedicated to providing housing solutions for low-income elderly and handicapped individuals. In line with its mission, the organization operates under Section 202 of the National Housing Act. This act empowers Portage Homes for Elderly Inc to offer affordable housing options, ensuring that eligible tenants can maintain a safe and comfortable living environment. The organization is regulated by the Department of Housing and Urban Development (HUD), which sets guidelines for rental charges and operational methods. Currently, Portage Homes for Elderly Inc manages 41 rental units, providing essential housing support for those in need.
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Impact
October, 2024
Portage Homes For Elderly Inc significantly impacts the community by providing essential low-income housing for elderly and handicapped individuals. The organization operates under Section 202 of the National Housing Act, ensuring that rent charges and operating methods meet the standards regulated by HUD. This focus enables them to offer affordable housing options, alleviating the financial burden on low-income elderly residents in Morristown, TN.
With 41 rental units, Portage Homes creates a supportive environment tailored to the needs of its tenants, fostering a sense of community and belonging. By addressing housing needs, they enhance the quality of life for vulnerable populations, allowing residents to maintain their independence while having access to safe and secure living conditions. The mission to provide stable housing is crucial in promoting dignity and improving overall well-being for those they serve.
This information is meant to be a general summary of Portage Homes For Elderly 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: $340
- Program Service Revenue: $77,601
- Gross Receipts: $94,357
Assets and Liabilities:
- Total Assets: $1,360,243
- Total Liabilities: $1,895,952
- Net Assets: -$535,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$76,962
LAUNDRY & VENDING INCO
Revenue
$639
Organization Details
Founding Year
2006
Phone
(423) 586-1494Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 37816
NTEE Category
Code: L22 - Housing
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