Overview
What is North Central Housing Inc?
North Central Housing Inc, also known as Cedar Creek Apartments, is a nonprofit organization based in Gainesville, Florida. Established with the mission to provide and manage low-income housing apartment complexes, the organization has so far procured and overseen one such complex in Cottondale, Florida. The apartment complex, which consists of twenty-five units, provides housing primarily for elderly and disabled individuals, who benefit from federal rental assistance through a program administered by the U.S. Department of Agriculture. North Central Housing Inc has received tax-exempt status from the Internal Revenue Code, and currently, it employs a team of one individual.
Is North Central Housing Inc legitimate?
North Central Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central 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: $7,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,345
For more financial information, click here
What is the mission statement of North Central Housing Inc?
North Central Housing Inc was established with the objective of purchasing and managing low-income housing apartment complexes. Obtaining tax-exempt status from the Internal Revenue Code, the organization currently manages one such complex located in Cottondale, Florida. The majority of its tenants are elderly or disabled individuals who receive federal rental assistance. The organization's apartment complex in Cottondale features 25 units, with twenty-three of them subsidized by the federal government through a rural development rental assistance program administered by the U.S. Department of Agriculture.
What is the revenue of North Central Housing Inc?
North Central Housing Inc's revenue in 2023 was $196,030.
Who are the executives of North Central Housing Inc and what are their salaries?
The average compensation at North Central Housing Inc during 2023 was $11,231.
Here are 4 key members and their salaries:
- Compensation: $7,500
- Related: $0
- Other: $0
- 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 North Central Housing Inc?
North Central Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of North Central Housing Inc
North Central Housing Inc was established with a mission to acquire and manage low-income housing apartment complexes in Florida. Receiving tax-exempt status from the Internal Revenue Code, this organization's primary goal is to provide affordable housing solutions for individuals who may be elderly, disabled, or in need of financial assistance. Currently, North Central Housing Inc owns an apartment complex in Cottondale, Florida, which comprises twenty-five units. The majority of these units are subsidized by the federal government through a Rural Development Rental Assistance Program administered by the U.S. Department of Agriculture. This program ensures that eligible tenants can afford their rent, contributing to a stable and secure living environment. By focusing on low-income housing and providing financial aid, North Central Housing Inc is committed to enhancing the quality of life for its residents.
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Impact
October, 2024
North Central Housing Inc. plays a critical role in addressing the housing needs of low-income individuals in Florida, particularly the elderly and disabled populations. By managing a 25-unit apartment complex in Cottondale, Florida, the organization ensures that safe and affordable housing is available to those who might otherwise struggle to find it.
The majority of tenants benefit from federal rental assistance through the U.S. Department of Agriculture's Rural Development program, significantly reducing their financial burden and allowing them to maintain stability in their living conditions. This provision not only enhances their quality of life but also fosters a sense of community and belonging.
Through its commitment to providing low-income housing, North Central Housing Inc. contributes to the broader goal of alleviating poverty, promoting dignity, and improving the overall well-being of vulnerable populations in the region.
This information is meant to be a general summary of North Central 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 2023.
- Investment Income: $1,093
- Program Service Revenue: $185,209
- Gross Receipts: $196,030
Assets and Liabilities:
- Total Assets: $983,406
- Total Liabilities: $647,137
- Net Assets: $336,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RD RENTAL ASSISTANCE
Revenue
$135,444
RENT INCOME APARTMENTS
Revenue
$65,515
TENANT CHARGES
Revenue
$1,581
MISCELLANEOUS INCOME
Revenue
$846
BAD DEBTS
Revenue
-$7,343
Organization Details
Founding Year
2010
Principal Officer
Patricia Trippe
NTEE Category
Code: L20 - Housing
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