Overview
What is Adam & Bruce Housing Corporation?
Adam & Bruce Housing Corporation is a not-for-profit organization established in accordance with Indiana's not-for-profit statutes. Their primary mission is to operate a 50-unit housing community named Adam and Bruce Apartments in Ft. Wayne, Indiana. This community is designed to provide affordable housing for low-income elderly individuals, in compliance with Section 202 of the National Housing Act. Initially, the property was financed through a mortgage, which was subsequently refinanced under Section 207 of the National Housing Act, utilizing Section 223(F). The organization's activities are centered around managing this housing community, ensuring it serves as a safe and comfortable living space for its elderly residents.
Official website here: www.rhf.org
Is Adam & Bruce Housing Corporation legitimate?
Adam & Bruce Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adam & Bruce Housing Corporation 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
For more financial information, click here
Official website here: www.rhf.org
What is the mission statement of Adam & Bruce Housing Corporation?
Adam and Bruce Housing Corporation, established in accordance with Indiana's not-for-profit statutes, was formed with the primary objective of managing a 50-unit housing community. This community, named Adam and Bruce Apartments, is situated in Ft. Wayne, Indiana. The corporation's purpose is to provide housing for low-income elderly individuals, in compliance with Section 202 of the National Housing Act. The original mortgage for the project was later refinanced under Section 207, in line with Section 223(F) of the National Housing Act. While the provided information does not explicitly mention a mission statement, the corporation's activities suggest its commitment to providing affordable housing for the elderly, thereby contributing to their wellbeing.
Official website here: www.rhf.org
Who is the CEO of Adam & Bruce Housing Corporation?
Hartman Stuart J is the CEO of Adam & Bruce Housing Corporation The CEO's salary of Adam & Bruce Housing Corporation is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Adam & Bruce Housing Corporation?
Adam & Bruce Housing Corporation's revenue in 2024 was $377,811.
Official website here: www.rhf.org
Who are the executives of Adam & Bruce Housing Corporation and what are their salaries?
Here are 35 key members and their salaries (Adam & Bruce Housing Corporation's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Adam & Bruce Housing Corporation?
Adam & Bruce Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Adam & Bruce Housing Corporation
Adam & Bruce Housing Corporation, a not-for-profit organization, was established in line with the not-for-profit statutes of Indiana. Its primary mission is to operate a 50-unit community, named Adam and Bruce Apartments, situated in Fort Wayne, Indiana. This community serves as a residential space for low-income elderly individuals, adhering to Section 202 of the National Housing Act, which was subsequently refinanced under Section 207, following Section 223(F) of the National Housing Act. The corporation's purpose is to provide housing facilities for this specific demographic, aiming to contribute positively to their living conditions.
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Impact
October, 2024
Adam & Bruce Housing Corporation operates a vital 50-unit community known as Adam and Bruce Apartments in Fort Wayne, Indiana, which specifically caters to low-income elderly individuals. The apartments provide not only affordable housing but also promote a sense of community among residents, fostering social interactions and support networks essential for this demographic.
By adhering to Section 202 of the National Housing Act, Adam & Bruce Housing Corporation addresses a critical need for safe and affordable housing, significantly improving the quality of life for its residents. The refinancing of the original mortgage under Section 207 enhances the corporation’s ability to maintain and improve the property, ensuring it meets the needs of the elderly population it serves.
The organization’s commitment to affordable housing helps alleviate the challenges faced by low-income seniors, allowing them to live independently while accessing necessary resources and community services. Adam & Bruce Housing Corporation plays an integral part in promoting stability and dignity for its residents, significantly impacting their well-being and overall community health.
This information is meant to be a general summary of Adam & Bruce Housing Corporation. 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 2024.
- Investment Income: $841
- Program Service Revenue: $120,439
- Gross Receipts: $377,811
Assets and Liabilities:
- Total Assets: $1,345,370
- Total Liabilities: $2,471,096
- Net Assets: -$1,125,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$120,439
Organization Details
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