Overview
What is 1602 South Staples Housing Inc?
1602 South Staples Housing Inc is a nonprofit corporation established in Texas on August 11, 2008. Its primary purpose is to develop and operate an apartment complex with six units, including one for a manager, specifically for developmentally disadvantaged citizens in Corpus Christi, Texas. This project falls under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The project is subject to HUD regulations regarding rent charges and operating methods. Construction was completed in September 2010, and rental began in November of the same year. This nonprofit aims to provide housing solutions for individuals with developmental disabilities, contributing to their overall well-being and independence.
Is 1602 South Staples Housing Inc legitimate?
1602 South Staples Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1602 South Staples Housing 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: $13,232
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What is the mission statement of 1602 South Staples Housing Inc?
1602 South Staples Housing Inc, established as a nonprofit corporation in Texas, was founded with the objective of developing and managing an apartment complex comprising six units, including one for the manager. This complex is specifically designed for developmentally disadvantaged citizens. The project operates under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). HUD oversees the rental charges and operating methods for such projects. The construction of the complex was completed in September 2010, and rent was initiated in November of the same year. While the information does not provide a mission statement in the traditional sense, it can be inferred that the corporation's mission is to provide affordable and suitable housing for developmentally disadvantaged individuals, adhering to the regulations set by HUD.
What is the revenue of 1602 South Staples Housing Inc?
1602 South Staples Housing Inc's revenue in 2022 was $81,759.
Who are the executives of 1602 South Staples Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for 1602 South Staples Housing Inc?
1602 South Staples Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1602 South Staples Housing Inc
1602 South Staples Housing Inc, a nonprofit corporation established under Texas law in 2008, was founded with a mission to develop and operate an apartment complex. This complex, located in Corpus Christi, Texas, is specifically designed for developmentally disadvantaged citizens. The corporation's project falls under Section 811 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD). The regulations cover both the rent charges and operating methods of the complex. After completing construction in September 2010, the corporation began renting out the six apartment units, including one for the manager, in November of the same year. The mission of 1602 South Staples Housing Inc is to provide a safe and supportive living environment for individuals with developmental disabilities, ensuring they have access to affordable housing and the necessary resources to lead independent and fulfilling lives.
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Impact
October, 2024
1602 South Staples Housing Inc has made a significant impact by providing stable housing for developmentally disadvantaged citizens in Corpus Christi, Texas. Established in 2008, the organization developed and operates a six-unit apartment complex tailored specifically for this vulnerable population. By operating under Section 811 of the National Housing Act and adhering to regulations from the U.S. Department of Housing and Urban Development (HUD), the project ensures that the residents benefit from affordable rent and secure living conditions.
Since the completion of construction in September 2010 and the initiation of rent in November 2010, the organization has played a crucial role in enhancing the quality of life for its residents. These affordable housing units not only provide shelter but also contribute to the overall well-being of individuals who may otherwise face housing instability. By fostering a supportive environment, 1602 South Staples Housing Inc promotes social inclusion and empowerment among developmentally disadvantaged citizens, addressing a critical need in the community.
This information is meant to be a general summary of 1602 South Staples Housing 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: $14
- Program Service Revenue: $81,745
- Gross Receipts: $81,759
Assets and Liabilities:
- Total Assets: $469,649
- Total Liabilities: $4,054
- Net Assets: $465,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$81,745
Organization Details
Founding Year
2008
Principal Officer
Judy Teldge
NTEE Category
Code: L20 - Housing
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