Overview
What is Willamsburg Area Improved Dwellings Inc?
Willamsburg Area Improved Dwellings Inc is a nonprofit organization situated in Williamsburg, Pennsylvania. Their primary mission is to provide housing for elderly individuals with low incomes, with a focus on maintaining the financial stability of their 29 units. They strive to promote social welfare in their community by acquiring, constructing, and operating rental housing units tailored to the specific needs of their residents, irrespective of their race, color, creed, or national origin. The organization operates with a small team of two employees and utilizes grants to cover expenses, assist with mortgage payments, and maintain a reserve balance.
Is Willamsburg Area Improved Dwellings Inc legitimate?
Willamsburg Area Improved Dwellings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willamsburg Area Improved Dwellings 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: $47,544
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,867
For more financial information, click here
What is the mission statement of Willamsburg Area Improved Dwellings Inc?
Willamsburg Area Improved Dwellings Inc's mission is centered around promoting the general social welfare of the community. To achieve this, the organization acquires, constructs, provides, and operates rental housing suitable for the special needs and living requirements of elderly or low-income rural residents. They do not discriminate based on race, color, creed, or national origin. The organization also has the power to acquire, improve, and operate any real or personal property, sell, convey, assign, mortgage, or lease properties, and borrow money as necessary. Their ultimate goal is to provide a better living situation for those in need, contributing positively to their community.
What is the revenue of Willamsburg Area Improved Dwellings Inc?
Willamsburg Area Improved Dwellings Inc's revenue in 2024 was $393,059.
Who are the executives of Willamsburg Area Improved Dwellings Inc and what are their salaries?
The average compensation at Willamsburg Area Improved Dwellings Inc during 2024 was $46,706. There are 2 employees at Willamsburg Area Improved Dwellings Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Willamsburg Area Improved Dwellings Inc?
Willamsburg Area Improved Dwellings Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Willamsburg Area Improved Dwellings Inc
Willamsburg Area Improved Dwellings Inc, as a nonprofit organization, is committed to promoting the general social welfare of its community. To achieve this goal, the organization acquires, constructs, provides, and operates rental housing and related facilities that cater to the special needs and living requirements of low-income elderly individuals, as well as rural residents of low income, regardless of race, color, creed, or national origin.
In addition to providing housing, Willamsburg Area Improved Dwellings Inc also has the authority to acquire, improve, and operate any real or personal property or interest or rights therin or appurtenant thereto. This allows the organization to expand its services and accommodate more individuals in need. The nonprofit can also borrow money and execute necessary contracts and agreements, and can mortgage, assign, or lease any real and personal property to further its purpose.
In summary, Willamsburg Area Improved Dwellings Inc is a nonprofit that provides housing for low-income elderly individuals and rural residents, aiming to improve the general social welfare of its community. The organization acquires, constructs, and operates rental housing, and has the ability to expand its services and secure funding through loans and property transactions.
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Impact
October, 2024
Williamsburg Area Improved Dwellings Inc significantly enhances the quality of life for low-income elderly individuals in Williamsburg, PA, by providing essential housing services tailored to their unique needs. The organization operates 29 housing units that focus on the specific requirements of elderly rural residents, ensuring a safe and supportive environment for those with limited financial resources.
By utilizing 100% of its grants to cover expenses related to housing, mortgage payments, and maintaining a reserve balance, the organization ensures the sustainability of its services while directly addressing the pressing need for affordable housing options in the community. This commitment not only benefits the individuals residing in these units but also promotes the general welfare of the entire community by alleviating housing insecurity among its most vulnerable members.
Moreover, Williamsburg Area Improved Dwellings Inc’s mission embraces inclusivity, providing housing without discrimination based on race, color, creed, or national origin. This focus on equitable access allows it to serve a diverse range of residents, contributing to a more balanced and harmonious community. Overall, the impact of this organization is profound, addressing both the immediate housing needs of elderly individuals while fostering a sense of belonging and stability among residents.
This information is meant to be a general summary of Willamsburg Area Improved Dwellings 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 2024.
- Investment Income: $4,191
- Program Service Revenue: $387,603
- Gross Receipts: $393,059
Assets and Liabilities:
- Total Assets: $1,192,532
- Total Liabilities: $1,407,844
- Net Assets: -$215,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USDA Rural Rental Hous
Revenue
$242,374
Rent Income (subsidize
Revenue
$145,229
Organization Details
Founding Year
1997
Principal Officer
Michelle Ross
NTEE Category
Code: L20 - Housing
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