Overview
What is Rhe Properties Inc?
Rhe Properties Inc, located in Rockville, Maryland, is a dedicated nonprofit organization primarily focused on providing affordable housing for families whose income falls below 80% of the HUD-published area median income. The organization's core mission is to establish and maintain affordable housing within the city of Rockville, demonstrating a commitment to addressing the housing needs of its community. To fulfill this mission, Rhe Properties Inc manages the U.S. Department of Housing and Urban Development's (HUD) Housing Choice Voucher Program (Section 8) and Public Housing Programs in Rockville, thereby ensuring that eligible residents have access to affordable housing options.
Is Rhe Properties Inc legitimate?
Rhe Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhe Properties 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rhe Properties Inc?
Rhe Properties Inc's primary mission is centered around the creation and maintenance of affordable housing. This mission is carried out within a specific city, although the specific location is not provided in the information. The company is instrumental in managing two housing programs under the U.S. Department of Housing and Urban Development (HUD): the Housing Choice Voucher Program (Section 8) and the Public Housing Programs. These programs aim to provide housing to families whose income falls below 80% of the HUD's published area median income.
Who is the CEO of Rhe Properties Inc?
Jessica Anderson is the Chair of Rhe Properties Inc.
What is the revenue of Rhe Properties Inc?
Rhe Properties Inc's revenue in 2022 was $887,261.
Who are the executives of Rhe Properties Inc and what are their salaries?
There 4 volunteers at Rhe Properties Inc.
Here are 6 key members and their salaries:
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- Related: $118,083
- Other: $15,428
- Compensation: $0
- Related: $167,149
- Other: $15,403
Where can I find the form 990 for Rhe Properties Inc?
Rhe Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rhe Properties Inc
Rhe Properties Inc, a mission-driven organization, is dedicated to the creation and sustenance of affordable housing. In pursuit of this goal, the nonprofit manages two key programs under the umbrella of the U.S. Department of Housing and Urban Development (HUD). These include the Housing Choice Voucher Program (Section 8) and Public Housing Programs, both operating within the city of Rockville, MD. Through these initiatives, Rhe Properties Inc provides housing solutions to families whose income falls below 80% of the HUD published area median income. By doing so, the organization plays a significant role in ensuring that affordable housing is available and accessible to those in need.
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Impact
October, 2024
Rhe Properties Inc plays a crucial role in promoting affordable housing within Rockville, MD. By focusing on the creation and sustainability of housing for families earning less than 80% of the HUD-published area median income, the organization addresses a significant need in the community. Its management of the U.S. Department of Housing and Urban Development's Housing Choice Voucher Program (Section 8) and public housing programs ensures that vulnerable populations have access to safe and stable living environments.
The impact of Rhe Properties Inc can be seen in:
1. **Increased Housing Accessibility**: By providing affordable housing options, the organization helps low-income families secure homes, thereby reducing the strain of housing costs on their budgets.
2. **Community Stability**: Affordable housing contributes to the overall stability of neighborhoods. Families that can rely on stable housing are more likely to engage positively with their community, leading to improved social cohesion and a lower risk of homelessness.
3. **Economic Advantage**: By enabling residents to live within their means, Rhe Properties Inc fosters economic mobility. Families can allocate more resources to education, healthcare, and other essential needs, ultimately leading to better outcomes for children and future generations.
4. **Support for Housing Assistance Programs**: By managing HUD programs locally, Rhe Properties Inc helps streamline access to vital resources, ensuring families receive the support they need to thrive.
Through these efforts, Rhe Properties Inc significantly contributes to the well-being of individuals and families in Rockville, enhancing both the quality of life and the socioeconomic landscape of the city.
This information is meant to be a general summary of Rhe Properties 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.
- Program Service Revenue: $885,156
- Gross Receipts: $887,261
Assets and Liabilities:
- Total Assets: $13,091,260
- Total Liabilities: $299,794
- Net Assets: $12,791,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$885,156
Organization Details
Founding Year
2010
Phone
(301) 424-6265Principal Officer
Jessica Anderson
Main Address
1300 PICCARD DR 203, ROCKVILLE, MD, 20850
NTEE Category
Code: L21 - Housing
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