Overview
What is Presbyterian Apartments Inc?
Presbyterian Apartments Inc, based in Huntsville, Alabama, is a dedicated nonprofit organization. Their primary focus is to offer affordable housing solutions for low-income and elderly individuals. Through their mission, they strive to provide necessary housing resources for the elderly, managing revenues and expenses associated with elderly housing. This commitment to elderly care encompasses programs designed to cater to the specific needs of this demographic, ensuring they have a safe and comfortable living environment.
Is Presbyterian Apartments Inc legitimate?
Presbyterian Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Apartments 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: $354,375
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What is the mission statement of Presbyterian Apartments Inc?
Presbyterian Apartments Inc is dedicated to providing housing for individuals with limited income and advanced age. Their mission encompasses operating programs that generate income and cover expenses specifically for elderly housing. By offering affordable living spaces, they aim to contribute positively to the well-being of the elderly community. While the information provided does not detail any additional services or support, it is evident that Presbyterian Apartments Inc focuses on providing essential housing solutions for this demographic.
Who is the CEO of Presbyterian Apartments Inc?
Kenneth King is the President of Presbyterian Apartments Inc.
What is the revenue of Presbyterian Apartments Inc?
Presbyterian Apartments Inc's revenue in 2022 was $1,653,058.
Who are the executives of Presbyterian Apartments Inc and what are their salaries?
The average compensation at Presbyterian Apartments Inc during 2022 was $23,625. There are 15 employees at Presbyterian Apartments Inc.
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Where can I find the form 990 for Presbyterian Apartments Inc?
Presbyterian Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Presbyterian Apartments Inc
Presbyterian Apartments Inc is dedicated to providing housing for individuals living on a limited income and the elderly. Their primary mission is to offer affordable housing solutions, which involves managing revenues and associated expenses specifically tailored for elderly housing. By doing so, they aim to cater to the housing needs of the elderly population, ensuring they have a safe and comfortable living environment.
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Impact
October, 2024
Presbyterian Apartments Inc plays a crucial role in addressing the housing needs of low-income and elderly individuals in Huntsville, AL. By providing affordable housing options, they help enhance the quality of life for residents who might otherwise struggle to find secure living arrangements. Their dedicated focus on the elderly population ensures that vulnerable individuals have access to safe, stable homes, fostering a sense of community and support.
The organization contributes to the overall well-being of Huntsville by alleviating housing insecurity. This support allows elderly residents to maintain their independence, encourages social engagement, and reduces the risk of homelessness in a demographic that requires special consideration. By implementing programs tailored to the needs of their residents, Presbyterian Apartments Inc not only provides a roof over their heads but also promotes dignity, respect, and a higher standard of living for its inhabitants.
In summary, Presbyterian Apartments Inc impacts the Huntsville community by ensuring that low-income and elderly individuals have access to the essential resource of affordable housing, ultimately leading to a more inclusive and supportive environment for all residents.
This information is meant to be a general summary of Presbyterian Apartments 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: $347
- Program Service Revenue: $1,621,470
- Gross Receipts: $1,653,058
Assets and Liabilities:
- Total Assets: $2,433,679
- Total Liabilities: $112,320
- Net Assets: $2,321,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,196,886
TENANT RENTAL ASSIS. AND SERV
Revenue
$424,584
Organization Details
Founding Year
1972
Phone
(256) 533-1670Principal Officer
Kenneth King
Main Address
2211 COUNTRY CLUB DRIVE, HUNTSVILLE, AL, 35816
NTEE Category
Code: L22 - Housing
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