Overview
What is Edison Apartments Inc?
Edison Apartments Inc is a nonprofit organization dedicated to providing affordable housing for low and moderate-income families. Established in Cincinnati, Ohio, their flagship project, Edison Apartments, is a 25-unit housing facility. The organization receives Section 8 rental subsidies, making their rent charges regulated by HUD. With a mission to offer housing on a nonprofit basis, Edison Apartments Inc also provides housing for families displaced due to urban renewal or governmental actions, where adequate housing is lacking, in accordance with the National Housing Act.
Is Edison Apartments Inc legitimate?
Edison Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Edison 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: $17,212
For more financial information, click here
What is the mission statement of Edison Apartments Inc?
Edison Apartments Inc, as a nonprofit organization, is committed to providing housing for families with low and moderate incomes. Furthermore, it extends its services to families who have been displaced due to urban renewal or government actions, in situations where suitable housing is lacking. This is in accordance with sections 221(D)(3) and 236 of the National Housing Act. The organization operates and maintains a housing facility, known as Edison Apartments, which consists of 25 units. The project receives Section 8 rental subsidies, making it subject to regulations by HUD in terms of rental charges.
Who is the CEO of Edison Apartments Inc?
Sylvester Brown is the President of Edison Apartments Inc.
What is the revenue of Edison Apartments Inc?
Edison Apartments Inc's revenue in 2022 was $515,354.
Who are the executives of Edison Apartments Inc and what are their salaries?
There 3 volunteers at Edison 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 Edison Apartments Inc?
Edison Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edison Apartments Inc
Edison Apartments Inc, as a nonprofit organization, is committed to providing housing for families with low and moderate incomes. Beyond this, the mission of Edison Apartments Inc extends further to accommodate families who have been displaced from urban renewed areas or have been affected by governmental actions, where suitable housing is scarce. This is in line with Section 221(D)(3) and 236 of the National Housing Act, which Edison Apartments Inc adheres to. The organization operates and maintains a housing facility, known as Edison Apartments, which currently houses 25 families. The project receives Section 8 rental subsidy and is subject to regulations by the HUD regarding rent charges. In essence, Edison Apartments Inc serves as a beacon of hope, providing affordable housing solutions for families in need, ensuring they have a roof over their heads during challenging times.
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Impact
October, 2024
Edison Apartments Inc plays a vital role in addressing the housing needs of low and moderate-income families in Cincinnati, Ohio. By owning, operating, and maintaining the Edison Apartments, a 25-unit housing facility, it provides essential housing solutions to those who might otherwise struggle to find affordable homes.
The impact of Edison Apartments Inc is significant, as it directly contributes to the stability and well-being of families facing financial constraints. The organization not only offers affordable rent through the assistance of Section 8 rental subsidies but also ensures that families displaced due to urban renewal or governmental actions have a safe place to call home. This effort is crucial in maintaining community cohesion and providing pathways for stability in the midst of economic challenges.
Through its mission, Edison Apartments Inc addresses the critical demand for adequate housing, thereby fostering an environment where families can thrive, ultimately contributing to the overall health of the community in Cincinnati.
This information is meant to be a general summary of Edison 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: $362,576
- Program Service Revenue: $36,446
- Gross Receipts: $737,781
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$36,446
Organization Details
Founding Year
1970
Phone
(513) 621-5452Principal Officer
Sylvester Brown
Main Address
1418 CENTRAL PARKWAY 202, CINCINNATI, OH, 45202
NTEE Category
Code: L80 - Housing
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