Overview
What is Meadow Road Housing Corporation Inc?
Meadow Road Housing Corporation Inc is a nonprofit organization situated in Keene, New Hampshire. Their primary mission is to offer affordable housing for the elderly, specifically in the Newport area. They operate a 25-unit apartment complex that falls under Section 202 of the National Housing Act, overseen by the U.S. Department of Housing and Urban Development (HUD). The organization's primary program involves Section 202 Capital Advance and Rental Assistance, ensuring that a substantial portion of their rental income is derived from HUD. This organization plays a crucial role in providing senior housing, contributing to the community's well-being.
Is Meadow Road Housing Corporation Inc legitimate?
Meadow Road Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadow Road Housing Corporation 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: $0
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What is the mission statement of Meadow Road Housing Corporation Inc?
Meadow Road Housing Corporation Inc's mission is centered around providing affordable senior housing. This organization has dedicated its efforts to cater to the elderly population, establishing a 25-unit apartment complex for their needs. The project operates under Section 202 of the National Housing Act, with regulations overseen by the U.S. Department of Housing and Urban Development (HUD), affecting rental rates and operational methods. The primary program for this project is Section 202 Capital Advance and Rental Assistance, with a substantial portion of the rental income sourced from HUD.
Who is the CEO of Meadow Road Housing Corporation Inc?
Beth Daniels is the Director of Meadow Road Housing Corporation Inc.
What is the revenue of Meadow Road Housing Corporation Inc?
Meadow Road Housing Corporation Inc's revenue in 2022 was $218,217.
Who are the executives of Meadow Road Housing Corporation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $107,633
- Other: $31,769
- Compensation: $0
- Related: $117,571
- Other: $21,745
- Compensation: $0
- Related: $97,061
- Other: $37,358
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Meadow Road Housing Corporation Inc?
Meadow Road Housing Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Meadow Road Housing Corporation Inc
Meadow Road Housing Corporation Inc, a non-profit organization, is committed to providing affordable senior housing in its operational area. The corporation's primary mission is to create a living space for the elderly, focusing on the Newport, NH, community. Operating under Section 202 of the National Housing Act, Meadow Road Housing Corporation Inc is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods. The organization's major program is the Section 202 Capital Advance and Rental Assistance, which significantly contributes to the project's rental income, ensuring affordable housing options for its elderly residents.
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Impact
October, 2024
Meadow Road Housing Corporation Inc plays a crucial role in the Newport, NH community by providing affordable housing specifically tailored for the elderly. With a 25-unit apartment complex designed to meet the needs of seniors, the organization ensures that residents have access to safe and affordable living options.
Operating under Section 202 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development (HUD), the complex offers rental assistance and funding that allows for manageable rental charges. This support not only makes housing more accessible but also promotes stability in the lives of the elderly residents.
By addressing the housing challenges faced by seniors, Meadow Road Housing Corporation Inc enhances the quality of life for its residents, fostering a sense of community and security. The organization's commitment to affordable senior housing directly impacts the well-being of the elderly population in Newport, facilitating a nurturing environment that encourages independence and social engagement among residents.
This information is meant to be a general summary of Meadow Road Housing Corporation 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: $154
- Program Service Revenue: $118,958
- Gross Receipts: $218,217
Assets and Liabilities:
- Total Assets: $2,278,595
- Total Liabilities: $3,985,993
- Net Assets: -$1,707,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$118,958
Organization Details
Founding Year
2008
Phone
(603) 352-7512Principal Officer
Beth Daniels
Main Address
63 COMMUNITY WAY PO BOX 603, KEENE, NH, 03431
NTEE Category
Code: L22 - Housing
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