Overview
What is Coosa Valley Seniors Housing Inc?
Coosa Valley Seniors Housing Inc, doing business as Main Avenue Apartments, is a nonprofit organization based in Birmingham, Alabama. Situated at 1103 Richard Arrington Jr Blvd S, this organization offers low-cost housing for the elderly and disabled, adhering to Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), the project's rental rates and operations are strictly monitored by this authority. The project receives a portion of its income from HUD, subject to the availability of appropriate funds. With a primary mission to provide affordable housing for the elderly and disabled, Coosa Valley Seniors Housing Inc aims to support and enhance the lives of its residents in Sylacauga, Alabama.
Official website here: www.spm.net
Is Coosa Valley Seniors Housing Inc legitimate?
Coosa Valley Seniors Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coosa Valley Seniors Housing 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: $86,875
For more financial information, click here
Official website here: www.spm.net
What is the mission statement of Coosa Valley Seniors Housing Inc?
Coosa Valley Seniors Housing Inc is committed to providing low-cost housing for the elderly and disabled. Their mission is centered around offering affordable living spaces. This organization operates under Section 202 of the National Housing Act, which is regulated by the United States Department of Housing and Urban Development (HUD). The housing complex, operated by Coosa Valley Seniors Housing Inc, is subject to a Project Rental Assistance Contract (PRAC) agreement with HUD, and a significant portion of the rental income is received from HUD. The rent subsidy payments are dependent on the availability of sufficient appropriations, as determined by HUD.
Official website here: www.spm.net
Who is the CEO of Coosa Valley Seniors Housing Inc?
Jesse L Cleveland is the Chairman of Coosa Valley Seniors Housing Inc.
Official website here: www.spm.net
What is the revenue of Coosa Valley Seniors Housing Inc?
Coosa Valley Seniors Housing Inc's revenue in 2022 was $226,040.
Official website here: www.spm.net
Who are the executives of Coosa Valley Seniors Housing Inc and what are their salaries?
There 8 volunteers at Coosa Valley Seniors Housing Inc.
Here are 8 key members and their salaries:
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Official website here: www.spm.net
Where can I find the form 990 for Coosa Valley Seniors Housing Inc?
Coosa Valley Seniors Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spm.net
Learn more at the official website: www.spm.net
Mission Statement of Coosa Valley Seniors Housing Inc
Coosa Valley Seniors Housing Inc, as the name suggests, is dedicated to providing affordable housing for the elderly and disabled. Their primary mission is to ensure that this vulnerable population has access to suitable living accommodations. Operating under Section 202 of the National Housing Act, this nonprofit is regulated by the United States Department of Housing and Urban Development (HUD), which also provides a significant portion of the project's rental income. The project, Coosa Valley Housing Main, Inc. d/b/a Main Avenue Apartments, is a 24-unit complex located in Sylacauga, Alabama. The rental charges and operating methods of the project are subject to HUD's guidelines, and the project is also bound by a Project Rental Assistance Contract (PRAC) agreement with HUD. The availability of rental subsidy payments from HUD is contingent upon sufficient appropriations, as determined by the department.
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Impact
October, 2024
Coosa Valley Seniors Housing Inc. significantly impacts its community by providing affordable housing specifically tailored for the elderly and disabled. Located in Sylacauga, Alabama, its 24-unit apartment complex offers not only a safe and welcoming environment, but also access to essential resources that enhance the quality of life for its residents.
By operating under the guidelines set by the United States Department of Housing and Urban Development (HUD), Coosa Valley Seniors Housing ensures that rental charges remain manageable for low-income individuals. This regulation helps alleviate the financial burden on seniors and people with disabilities, allowing them to maintain their independence and live comfortably.
The project benefits from a rental assistance agreement with HUD, which provides a crucial income stream that supports the affordability of the housing. This collaboration is vital in securing a stable living situation for those who may be at risk of homelessness or financial strain.
Overall, Coosa Valley Seniors Housing Inc. plays a crucial role in fostering a healthy and inclusive community, where elderly and disabled individuals can reside with dignity and access necessary services for their well-being.
This information is meant to be a general summary of Coosa Valley Seniors Housing 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: $53
- Program Service Revenue: $84,458
- Gross Receipts: $226,040
Assets and Liabilities:
- Total Assets: $872,824
- Total Liabilities: $34,793
- Net Assets: $838,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT
Revenue
$84,458
Organization Details
Founding Year
2001
Phone
(205) 639-5134Principal Officer
Jesse L Cleveland
Main Address
1103 RICHARD ARRINGTON JR BLVD S, BIRMINGHAM, AL, 35205
Website
www.spm.netNTEE Category
Code: E24 - Health
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