Overview
What is Highland Manor Apartments Inc?
Highland Manor Apartments Inc is a nonprofit organization established to manage a 32-unit apartment complex named Highland Manor Apartments, located in Cary, North Carolina. The corporation was formed under Section 202 of the National Housing Act and has agreed to abide by the standard FHA regulatory agreements with the Federal Housing Administration (FHA) section of HUD. The organization secures rental assistance for low-income families or individuals through a Project Rental Assistance Contract (PRAC). This aid ensures affordable housing options, contributing positively to the community.
Is Highland Manor Apartments Inc legitimate?
Highland Manor Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Manor 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 Highland Manor Apartments Inc?
Highland Manor Apartments Inc, a not-for-profit corporation, was established with the purpose of managing a 32-unit apartment community. The organization was founded under Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. A Project Rental Assistance Contract (PRAC) is in place, providing financial aid in the form of rent assistance for low-income families or individuals. The mission of Highland Manor Apartments Inc is to ensure affordable housing for these individuals, thereby contributing to their overall well-being.
Who is the CEO of Highland Manor Apartments Inc?
Mia Bailey is the Chair of Highland Manor Apartments Inc.
What is the revenue of Highland Manor Apartments Inc?
Highland Manor Apartments Inc's revenue in 2022 was $226,338.
Who are the executives of Highland Manor Apartments Inc and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $254,163
- Other: $15,303
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- Related: $194,083
- Other: $12,618
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- Related: $179,957
- Other: $10,533
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- Related: $143,709
- Other: $10,307
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- Related: $137,542
- Other: $7,181
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- Related: $132,275
- Other: $14,535
- Compensation: $0
- Related: $136,308
- Other: $7,728
- Compensation: $0
- Related: $82,447
- Other: $8,357
Where can I find the form 990 for Highland Manor Apartments Inc?
Highland Manor Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Highland Manor Apartments Inc
Highland Manor Apartments Inc, a not-for-profit corporation, was established with a mission to manage and operate a 32-unit housing community. This community, named Highland Manor Apartments, is located in Cary, North Carolina. The organization was founded under Section 202 of the National Housing Act, and it signed regulatory agreements with the Federal Housing Administration section of HUD. These agreements govern the operation of the community.
At the heart of Highland Manor Apartments Inc's mission is providing rental assistance for low-income families or individuals. To accomplish this, the organization has secured a Project Rental Assistance Contract (PRAC). This contract ensures that eligible residents receive financial aid to cover their rental expenses, making housing more affordable for them. By offering this vital service, Highland Manor Apartments Inc plays a significant role in promoting affordable housing and supporting those in need.
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Impact
October, 2024
Highland Manor Apartments Inc significantly contributes to the community by providing affordable housing options to low-income families and individuals in Cary, North Carolina. Operating a 32-unit apartment community, Highland Manor plays a vital role in promoting stability and accessibility for residents who may struggle to find affordable living arrangements.
Through its involvement with the Federal Housing Administration and adherence to FHA regulatory agreements, Highland Manor ensures that its operations meet high standards of quality and service. The Project Rental Assistance Contract (PRAC) is instrumental in offering essential rent assistance, making it possible for many individuals and families to reside in a safe and welcoming environment.
Beyond the provision of physical housing, Highland Manor fosters a sense of community and belonging among its residents, contributing to their overall well-being. This initiative not only addresses housing needs but also enhances the quality of life for those served, demonstrating a profound impact on the local population.
This information is meant to be a general summary of Highland Manor 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: $17
- Program Service Revenue: $90,898
- Gross Receipts: $226,338
Assets and Liabilities:
- Total Assets: $1,935,534
- Total Liabilities: $2,877,675
- Net Assets: -$942,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$90,898
Organization Details
Founding Year
2002
Phone
(919) 832-4345Principal Officer
Mia Bailey
Main Address
113 S WILMINGTON STREET, RALEIGH, NC, 27601
NTEE Category
Code: P80 - Human services
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