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Holly Way Ii Inc

Holly Way Ii

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260854169 ✦ Columbia, SC ✦ Designated as a 501(c)(3)

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Overview

What is Holly Way Ii Inc?

Holly Way II Inc. is a not-for-profit corporation, established in accordance with South Carolina's not-for-profit statutes. The organization's primary purpose is to manage and operate a 12-unit community known as Holly Way II, situated in Holly Hill, South Carolina. This community provides housing for low-income elderly individuals, in adherence to Section 202 of the National Housing Act, which aims to enhance living conditions for such individuals. The corporation's mission is centered around this community, offering a safe and supportive environment for this specific demographic.

Is Holly Way Ii Inc legitimate?

Holly Way Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holly Way Ii 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

For more financial information, click here

What is the mission statement of Holly Way Ii Inc?

Holly Way II Inc., a non-profit corporation, was established in accordance with South Carolina's not-for-profit statutes. Its primary purpose is to operate a 12-unit community, named Holly Way II, providing housing for low-income elderly individuals. This is done in compliance with Section 202 of the National Housing Act, which has been amended. The organization's mission is centered around providing a residential space for the elderly population who fall under the category of low-income individuals.

Who is the CEO of Holly Way Ii Inc?

Donnie Hilliard is the Director of Holly Way Ii Inc.

What is the revenue of Holly Way Ii Inc?

Holly Way Ii Inc's revenue in 2022 was $116,586.

Who are the executives of Holly Way Ii Inc and what are their salaries?


Here are 4 key members and their salaries:


Herbert Tait (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Roberts (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Kizer (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Hilliard (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Holly Way Ii Inc?

Holly Way Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Holly Way Ii Inc

Holly Way II Inc, a not-for-profit corporation, was established in accordance with South Carolina's not-for-profit statutes. Its primary mission is to operate a 12-unit community known as Holly Way II, located in Holly Hill, South Carolina. This community serves a noble purpose, providing housing for low-income elderly individuals. Holly Way II Inc operates under Section 202 of the National Housing Act, which has been amended over the years. The corporation's mission is to offer a sanctuary for elderly individuals who are financially disadvantaged, providing them with a safe and comfortable living environment.

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Impact




October, 2024

Holly Way II Inc plays a significant role in addressing the housing needs of low-income elderly individuals in Holly Hill, South Carolina. By operating a 12-unit community, it provides essential affordable housing options that contribute to the well-being and stability of its residents. This initiative not only alleviates the burden of housing costs for elderly persons but also fosters a supportive community environment. The organization’s commitment to following the guidelines of the National Housing Act ensures that its efforts align with federal objectives to enhance the quality of life for vulnerable populations. Through its dedicated services, Holly Way II Inc positively impacts the local community by promoting independence, safety, and social engagement among its residents.




This information is meant to be a general summary of Holly Way Ii 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.

Revenue
$116,586 (2022)
Expenses
$124,308 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $61
  • Program Service Revenue: $24,702
  • Gross Receipts: $116,586

Assets and Liabilities:

  • Total Assets: $989,621
  • Total Liabilities: $34,893
  • Net Assets: $954,728

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$24,702

Organization Details

Founding Year

2007

Principal Officer

Donnie Hilliard

Main Address

401 HARBISON BOULEVARD 3A, COLUMBIA, SC, 29212

NTEE Category

Code: L21 - Housing

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