Overview
What is Ric Lincolnton Apartments Inc?
Ric Lincolnton Apartments Inc is a nonprofit organization situated in Gastonia, North Carolina, with a specific focus. Their primary mission is to manage a 10-unit apartment complex, adhering to Section 811 of the National Housing Act of 1959. By doing so, they contribute to providing affordable housing options for individuals and families in need, thus playing a crucial role in their community.
Is Ric Lincolnton Apartments Inc legitimate?
Ric Lincolnton Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ric Lincolnton 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 Lincolnton Apartments Inc?
Ric Lincolnton Apartments Inc's primary objective is to manage a 10-unit apartment complex, adhering to the guidelines set by Section 811 of the National Housing Act of 1959. This organization is dedicated to providing housing solutions under this act, ensuring that the complex serves a specific demographic with particular needs. The company's mission is focused on owning and operating this apartment complex, providing a secure and comfortable living environment for its residents.
Who is the CEO of Ric Lincolnton Apartments Inc?
Kim Maguire is the President of Ric Lincolnton Apartments Inc.
What is the revenue of Ric Lincolnton Apartments Inc?
Ric Lincolnton Apartments Inc's revenue in 2022 was $91,962.
Who are the executives of Ric Lincolnton Apartments Inc and what are their salaries?
There 3 volunteers at Ric Lincolnton Apartments Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ric Lincolnton Apartments Inc?
Ric Lincolnton Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ric Lincolnton Apartments Inc
Ric Lincolnton Apartments Inc, as a nonprofit organization, is dedicated to owning and operating a 10-unit apartment complex under Section 811 of the National Housing Act of 1959. This mission is centered around providing affordable housing solutions for individuals and families in need. By operating under Section 811, the organization is able to offer housing assistance to eligible residents, ensuring that they have access to safe, comfortable, and affordable living accommodations. This mission is essential in addressing the housing needs of various communities and contributing to the overall well-being of its residents.
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Impact
October, 2024
Ric Lincolnton Apartments Inc plays a significant role in enhancing housing accessibility in Gastonia, NC, by owning and operating a 10-unit apartment complex specifically designed under Section 811 of the National Housing Act of 1959. This initiative directly contributes to improving the living conditions and stability of residents, particularly those with low-income needs. By providing affordable housing options, the organization helps to foster a sense of community, support social wellbeing, and promote a diverse living environment. The availability of these units helps alleviate homelessness and housing insecurity, ultimately empowering individuals and families to achieve better quality of life.
This information is meant to be a general summary of Ric Lincolnton 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 2022.
- Investment Income: $64
- Program Service Revenue: $43,233
- Gross Receipts: $91,962
Assets and Liabilities:
- Total Assets: $1,137,458
- Total Liabilities: $1,464,753
- Net Assets: -$327,295
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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
$33,782
FORGIVENESS OF RELATED
Revenue
$9,059
TENANT CHARGES
Revenue
$392
Organization Details
Founding Year
2010
Phone
(704) 866-6766Principal Officer
Kim Maguire
Main Address
PO BOX 2466, GASTONIA, NC, 28053
NTEE Category
Code: L20 - Housing
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