Overview
What is Alex W Thompson Housing Corporation?
Alex W Thompson Housing Corporation is a nonprofit organization located in Erie, Pennsylvania. Its primary mission is to provide housing opportunities for the low-income elderly, adhering to Section 202 of the National Housing Act of 1959 and relevant HUD regulations. They accomplish this mission by operating a 40-unit apartment complex, funded in part by HUD through a capital advance. This housing complex serves as a vital resource for this specific demographic, ensuring they have a secure and comfortable living environment.
Is Alex W Thompson Housing Corporation legitimate?
Alex W Thompson Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alex W Thompson 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,800
For more financial information, click here
What is the mission statement of Alex W Thompson Housing Corporation?
The Alex W Thompson Housing Corporation's mission is centered around providing housing solutions for the low-income elderly. This is accomplished under Section 202 of the National Housing Act of 1959, and in compliance with relevant HUD regulations. The organization operates a 40-unit apartment complex, which was financed through HUD funding via a capital advance, to offer suitable living spaces for this demographic. The corporation's primary objective is to ensure that elderly individuals with limited income have access to safe and affordable housing.
Who is the CEO of Alex W Thompson Housing Corporation?
James Sherrod is the President of Alex W Thompson Housing Corporation.
What is the revenue of Alex W Thompson Housing Corporation?
Alex W Thompson Housing Corporation's revenue in 2022 was $240,264.
Who are the executives of Alex W Thompson Housing Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $111,619
- Other: $22,970
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Alex W Thompson Housing Corporation?
Alex W Thompson Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alex W Thompson Housing Corporation
Alex W Thompson Housing Corporation is dedicated to providing housing solutions for the low-income elderly population. In line with Section 202 of the National Housing Act of 1959 and applicable HUD regulations, this organization offers housing assistance. Their mission is to create a living space that caters to the needs of elderly individuals with limited income, ensuring they have a secure and comfortable environment. The organization achieves this by operating a 40-unit apartment complex, which was financed through funding from the HUD via a capital advance. This housing solution provides a vital living space for the elderly, contributing to their overall well-being and quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Alex W Thompson Housing Corporation provides essential housing solutions for low-income elderly individuals, significantly impacting their quality of life. By operating a 40-unit apartment complex financed through the HUD Capital Advance program under Section 202 of the National Housing Act of 1959, the organization addresses a critical need in the Erie, PA community.
This initiative not only offers affordable living options but also fosters a supportive environment where elderly residents can thrive. Access to stable housing helps reduce the risk of homelessness among vulnerable populations, ensuring that basic needs are met. The organization’s commitment to adhering to relevant HUD regulations guarantees that residents live in safe and comfortable conditions, contributing to their overall well-being and dignity in their later years.
Overall, the Alex W Thompson Housing Corporation plays a vital role in enhancing the lives of low-income elderly individuals, promoting stability, community engagement, and improved health outcomes through secure housing.
This information is meant to be a general summary of Alex W Thompson 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 2022.
- Investment Income: $41
- Program Service Revenue: $194,464
- Gross Receipts: $240,264
Assets and Liabilities:
- Total Assets: $928,218
- Total Liabilities: $48,637
- Net Assets: $879,581
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT GROSS RENTAL
Revenue
$243,040
VACANCIES
Revenue
-$48,576
Organization Details
Founding Year
1992
Phone
(814) 452-0505Principal Officer
James Sherrod
Main Address
441 WEST 3RD STREET, ERIE, PA, 165071222
NTEE Category
Code: L22 - Housing
If you are a representative of Alex W Thompson Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.