Overview
What is Ric Redbud Apartments Inc?
Ric Redbud Apartments Inc is a nonprofit organization, established with the mission to manage and operate a 9-unit apartment complex, adhering to Section 811 of the National Housing Act of 1959. Located in Gastonia, North Carolina, this organization is dedicated to providing affordable housing solutions for those in need. The specific address is not provided in the information, but it's known that the organization uses PO Box 2466 as its mailing address.
Is Ric Redbud Apartments Inc legitimate?
Ric Redbud Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ric Redbud 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: $0
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What is the mission statement of Ric Redbud Apartments Inc?
Ric Redbud Apartments Inc's mission is centered around owning and managing a 9-unit apartment complex, adhering to Section 811 of the National Housing Act of 1959. This organization's primary purpose is to provide housing solutions under this specific legislation, aiming to contribute to the overall housing landscape. By doing so, they aim to provide affordable housing options for eligible individuals, contributing to the well-being and stability of those in need.
What is the revenue of Ric Redbud Apartments Inc?
Ric Redbud Apartments Inc's revenue in 2024 was $99,603.
Who are the executives of Ric Redbud Apartments Inc and what are their salaries?
There 2 volunteers at Ric Redbud Apartments Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ric Redbud Apartments Inc?
Ric Redbud Apartments Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Ric Redbud Apartments Inc
Ric Redbud Apartments Inc, as a nonprofit organization, is dedicated to owning and operating a 9-unit apartment complex, adhering to Section 811 of the National Housing Act of 1959. Their mission is centered around providing housing solutions for individuals who require assistance, ensuring that these apartments meet the necessary standards under this provision. By doing so, Ric Redbud Apartments Inc contributes to the broader goal of providing accessible and affordable housing options for those in need.
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Impact
October, 2024
Ric Redbud Apartments Inc has a significant impact on the community by providing affordable housing through its 9-unit apartment complex in Gastonia, NC. Operating under Section 811 of the National Housing Act of 1959, the organization addresses the critical need for accessible housing options, particularly for individuals with disabilities. This initiative not only enhances the quality of life for its residents but also contributes to the overall stability and growth of the local community. By ensuring that a portion of the population has a safe and supportive living environment, Ric Redbud Apartments Inc plays a vital role in fostering inclusivity and improving social outcomes in the area.
This information is meant to be a general summary of Ric Redbud 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 2024.
- Investment Income: $392
- Program Service Revenue: $25,534
- Gross Receipts: $99,603
Assets and Liabilities:
- Total Assets: $1,035,864
- Total Liabilities: $1,361,339
- Net Assets: -$325,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$25,418
TENANT CHARGES
Revenue
$116
Organization Details
Founding Year
2009
Principal Officer
Kim Maguire
NTEE Category
Code: L21 - Housing
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