Overview
What is Powell Chapel Housing Development Corporation?
The Powell Chapel Housing Development Corporation, operating under the name Greater Powell Place, is a nonprofit organization based in Germantown, Tennessee. Their primary mission is to provide affordable housing opportunities for the elderly community, ensuring their living needs are met within a low-income context. With a dedicated team of two employees, the corporation strives to improve the living conditions of the elderly population in the area, playing a crucial role in promoting housing equity and social welfare.
Is Powell Chapel Housing Development Corporation legitimate?
Powell Chapel Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powell Chapel Housing Development 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: $54,673
For more financial information, click here
What is the mission statement of Powell Chapel Housing Development Corporation?
The Powell Chapel Housing Development Corporation is committed to a mission that focuses on providing affordable housing options for the elderly with low incomes. Their primary objective is to ensure that this vital segment of the population has access to suitable living spaces. The corporation's activities are centered around offering such housing solutions, thereby contributing to the well-being and comfort of the elderly in need. Their goal is to make a positive impact on the lives of these individuals, ensuring they can maintain their dignity and independence in a secure living environment.
Who is the CEO of Powell Chapel Housing Development Corporation?
Lewis Ellis is the Chairman of Powell Chapel Housing Development Corporation.
What is the revenue of Powell Chapel Housing Development Corporation?
Powell Chapel Housing Development Corporation's revenue in 2023 was $322,144.
Who are the executives of Powell Chapel Housing Development Corporation and what are their salaries?
The average compensation at Powell Chapel Housing Development Corporation during 2023 was $27,336. There are 2 employees at Powell Chapel Housing Development Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Powell Chapel Housing Development Corporation?
Powell Chapel Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Powell Chapel Housing Development Corporation
Powell Chapel Housing Development Corporation is dedicated to providing low-income affordable housing for the elderly. Their primary mission is to ensure that elderly individuals have access to suitable living accommodations, addressing a significant need in many communities. By offering affordable housing, they aim to enhance the quality of life for elderly individuals, providing them with a safe and comfortable environment in which to reside. This commitment to elderly care is a crucial aspect of Powell Chapel Housing Development Corporation's activities and aligns with their overall mission to support the elderly population.
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Impact
October, 2024
Powell Chapel Housing Development Corporation plays a crucial role in providing low-income affordable housing for the elderly in Germantown, TN. By focusing on this underserved demographic, the organization helps improve the quality of life for seniors who may struggle to find safe, stable, and affordable living options.
The impact of their efforts can be seen in several areas:
1. **Housing Stability**: By offering affordable housing solutions, Powell Chapel helps ensure that elderly residents have secure living environments, reducing the risk of homelessness or precarious living situations.
2. **Community Integration**: Providing housing for seniors fosters a sense of community, allowing residents to connect with neighbors and participate in local activities, which can combat social isolation often experienced by older adults.
3. **Economic Relief**: Affordable housing can alleviate financial stress for elderly individuals and families, allowing them to allocate their limited resources towards healthcare, nutrition, and other essential needs.
4. **Improved Health Outcomes**: Access to stable housing is linked to better health outcomes for seniors. With secure housing, the elderly are more likely to maintain regular healthcare practices and enjoy better mental well-being.
5. **Enhanced Quality of Life**: By promoting affordable housing designed specifically for the elderly, the organization directly contributes to improving the overall quality of life for its residents, ensuring they have a safe and comfortable place to call home.
Overall, Powell Chapel Housing Development Corporation significantly contributes to the well-being of elderly individuals in Germantown by addressing their housing needs and fostering a supportive community.
This information is meant to be a general summary of Powell Chapel Housing Development 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 2023.
- Investment Income: $616
- Program Service Revenue: $321,528
- Gross Receipts: $322,144
Assets and Liabilities:
- Total Assets: $1,429,723
- Total Liabilities: $1,791,011
- Net Assets: -$361,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$203,548
TENANT RENTS
Revenue
$116,742
LAUNDRY, VENDING, MISC.
Revenue
$1,238
Organization Details
Phone
(901) 759-1855Principal Officer
Lewis Ellis
Main Address
2171 JUDICIAL DRIVE STE 200, GERMANTOWN, TN, 38138
NTEE Category
Code: L22 - Housing
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