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Qls Acres Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311510306 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is Qls Acres Inc?

Qls Acres Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to address the housing needs of the elderly population, offering them 94 affordable living units through the HUD's 202 programs. The organization received grants to construct a facility tailored to the elderly's requirements, with the associated costs capitalized. With a team of nine dedicated individuals, Qls Acres Inc plays a vital role in providing affordable housing solutions to the elderly community in Atlanta, ensuring they maintain their independence and dignity.


Official website here: www.none

Is Qls Acres Inc legitimate?

Qls Acres Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Qls Acres 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

For more financial information, click here


Official website here: www.none

What is the mission statement of Qls Acres Inc?

Qls Acres Inc's mission is centered around providing affordable housing solutions. Specifically, the organization aims to cater to the needs of low-income, elderly citizens, offering them 94 housing units. This is achieved through the utilization of grants from HUD's 202 programs, which are used to construct facilities that cater to the elderly's specific requirements. The organization's primary focus is on ensuring that the elderly have access to affordable housing, thereby enhancing their quality of life.


Official website here: www.none

Who is the CEO of Qls Acres Inc?

Dr Richard D Ashe is the President of Qls Acres Inc.


Official website here: www.none

What is the revenue of Qls Acres Inc?

Qls Acres Inc's revenue in 2022 was -$141,678.


Official website here: www.none

Who are the executives of Qls Acres Inc and what are their salaries?

There are 9 employees at Qls Acres Inc.


Here are 5 key members and their salaries:


Dr Richard D Ashe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emma J Fountain (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delores H Hampton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles A Lingo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Adeyemi Toure (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Qls Acres Inc?

Qls Acres Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Qls Acres Inc

Qls Acres Inc, a nonprofit organization, is committed to providing affordable housing solutions for the elderly. Specifically, its mission is to create 94 housing units for low-income elderly citizens, ensuring they have a comfortable and secure living environment. The organization achieves this mission by leveraging funds from HUD's 202 programs. These funds are utilized to construct facilities that cater to the unique needs of the elderly. The costs associated with this project are capitalized, ensuring that Qls Acres Inc can provide high-quality housing for its intended population.

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Impact




October, 2024

Qls Acres Inc has a significant impact on the community by providing 94 affordable housing units specifically designed for low-income elderly citizens in Atlanta, GA. This initiative addresses the critical need for accessible and affordable living options for seniors, ensuring they have a safe and stable environment.

By leveraging HUD's 202 programs and obtaining grant funding, Qls Acres Inc has constructed housing that meets the unique needs of the elderly. This not only helps alleviate housing insecurity among vulnerable populations but also fosters a sense of community and belonging among residents. The focus on affordable housing plays a crucial role in improving the quality of life for elderly individuals, enabling them to maintain their independence while having access to appropriate services.

Overall, Qls Acres Inc contributes positively to the social fabric of Atlanta by addressing the housing crisis faced by the elderly, promoting inclusivity, and enhancing the well-being of its residents.




This information is meant to be a general summary of Qls Acres 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.

Revenue
-$141,678 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7
  • Gross Receipts: $762,939

Assets and Liabilities:

  • Total Assets: $3,861,264
  • Total Liabilities: $82,662
  • Net Assets: $3,778,602

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Organization Details

Founding Year

1996

Principal Officer

Dr Richard D Ashe

Main Address

PO Box 311045, Atlanta, GA, 30331

Website

www.none

NTEE Category

Code: L22 - Housing

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