Overview
What is Rockbridge Area Housing Corporation?
Rockbridge Area Housing Corporation is a nonprofit organization situated in Lexington, Virginia. Its primary mission is to provide low-income housing and create a secure, budget-friendly, and family-oriented living environment. Operating a 40-unit apartment complex under Section 8 of the National Housing Act, the organization is managed by the Department of Housing and Urban Development (HUD). By maintaining a safe and welcoming atmosphere at Mountainview Terrace, the corporation aims to instill a strong sense of pride, respect, and a feeling of home ownership among its residents. The corporation's ultimate goal is to contribute positively to the Lexington/Rockbridge community and its neighbors. With a dedicated workforce of 6 employees, Rockbridge Area Housing Corporation remains committed to addressing the housing needs of the local community.
Is Rockbridge Area Housing Corporation legitimate?
Rockbridge Area Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockbridge Area Housing Corporation 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: $43,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,654
For more financial information, click here
What is the mission statement of Rockbridge Area Housing Corporation?
Rockbridge Area Housing Corporation's mission is centered around providing low-income housing and creating a safe, affordable, and family-oriented environment. The ultimate goal is to instill a sense of pride, respect, and a feeling of "home ownership" in the hearts and minds of each family residing at Mountainview Terrace. The corporation operates a 40-unit apartment complex under Section 8 of the National Housing Act, aiming to respond to the housing needs of its community and be an asset to its neighbors. The corporation strives to maintain a family-oriented atmosphere that is both secure and affordable, catering to those who choose to live there.
Who is the CEO of Rockbridge Area Housing Corporation?
Skip Ravenhorst is the Property Manage of Rockbridge Area Housing Corporation.
What is the revenue of Rockbridge Area Housing Corporation?
Rockbridge Area Housing Corporation's revenue in 2023 was $319,442.
Who are the executives of Rockbridge Area Housing Corporation and what are their salaries?
The average compensation at Rockbridge Area Housing Corporation during 2023 was $20,467. There are 6 employees at Rockbridge Area Housing Corporation.
Here are 9 key members and their salaries:
- Compensation: $42,977
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- Other: $0
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- Other: $0
Where can I find the form 990 for Rockbridge Area Housing Corporation?
Rockbridge Area Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rockbridge Area Housing Corporation
Rockbridge Area Housing Corporation, a nonprofit organization, is dedicated to providing low-income housing and maintaining a safe, affordable, and family-oriented environment. Their ultimate goal is to instill a sense of pride, respect, and a feeling of "home ownership" in the hearts and minds of each family residing at Mountainview Terrace. By owning and operating a 40-unit apartment complex under Section 8 of the National Housing Act, this organization aims to respond to the housing needs of the Lexington/Rockbridge community and be an asset to their neighbors. They strive to ensure that the environment they provide is not only safe and affordable but also family-oriented, fostering a sense of community among their residents.
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Impact
October, 2024
Rockbridge Area Housing Corporation significantly impacts the Lexington/Rockbridge community by providing 40 units of subsidized housing that cater to low-income families. By operating under Section 8 of the National Housing Act, the organization ensures that these families have access to safe and affordable living conditions.
The corporation's commitment to creating a family-oriented environment fosters a sense of pride and respect among residents. By instilling a feeling of "home ownership" in each family at Mountainview Terrace, it plays a crucial role in enhancing the overall well-being and stability of the community. Through its efforts, Rockbridge Area Housing Corporation not only addresses immediate housing needs but also strengthens community ties and enhances the quality of life for its residents.
This information is meant to be a general summary of Rockbridge Area Housing Corporation. 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 2023.
- Investment Income: $22
- Program Service Revenue: $309,467
- Gross Receipts: $319,442
Assets and Liabilities:
- Total Assets: $340,510
- Total Liabilities: $585,757
- Net Assets: -$245,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$309,467
Organization Details
Founding Year
1971
Phone
(540) 463-3242Principal Officer
Skip Ravenhorst
Main Address
PO BOX 1096, LEXINGTON, VA, 24450
NTEE Category
Code: L80 - Housing
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