Overview
What is Waterford Homes For Elderly Inc?
Waterford Homes For Elderly Inc, also known as Holston Hills Apartments, is a nonprofit organization located in Morristown, Tennessee. Their primary mission is to provide affordable housing for low-income elderly or handicapped individuals, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD). This housing complex, consisting of 38 units, is committed to this cause under Section 202 of the National Housing Act. The organization's goal is to ensure that elderly and handicapped individuals have a suitable place to reside, contributing positively to their well-being.
Is Waterford Homes For Elderly Inc legitimate?
Waterford Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford Homes For Elderly 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.
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What is the mission statement of Waterford Homes For Elderly Inc?
Waterford Homes for Elderly Inc. is committed to providing housing for low-income elderly or handicapped individuals. This commitment is in line with Section 202 of the National Housing Act. The organization's mission is to offer suitable living spaces for tenants who fall under this income bracket. The housing complex, regulated by the HUD, sets rent charges and operating methods in accordance with the act, providing a home for 38 such tenants.
Who is the CEO of Waterford Homes For Elderly Inc?
Kay Hale is the President of Waterford Homes For Elderly Inc.
What is the revenue of Waterford Homes For Elderly Inc?
Waterford Homes For Elderly Inc's revenue in 2023 was $190,002.
Who are the executives of Waterford Homes For Elderly Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Waterford Homes For Elderly Inc?
Waterford Homes For Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waterford Homes For Elderly Inc
Waterford Homes for Elderly Inc, as a nonprofit organization, is committed to providing housing for individuals who fall into the categories of being elderly or handicapped and have low income. This mission is in line with Section 202 of the National Housing Act, a legislative framework that Waterford Homes for Elderly Inc adheres to in its operations. The organization's housing complex, which comprises 38 units, is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring that the rent charges and operational methods are in line with the agency's standards. In essence, Waterford Homes for Elderly Inc serves as a refuge for elderly and handicapped individuals with limited financial resources, offering them a secure and suitable living environment.
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Impact
October, 2024
Waterford Homes For Elderly Inc significantly impacts the community by providing affordable housing specifically designed for low-income elderly or handicapped individuals. Operating within the framework of Section 202 of the National Housing Act, this facility offers a supportive living environment that addresses the unique needs of its tenants. With 38 units available, Waterford Homes ensures that residents have access to safe and regulated housing, in compliance with HUD standards for rent charges and operating methods.
By focusing on low-income populations, Waterford Homes helps alleviate housing insecurity among some of the most vulnerable members of society, allowing them to maintain their independence while fostering a sense of community. The accessibility and affordability of the housing make a profound difference in the quality of life for residents, promoting stability, dignity, and respect for elderly or handicapped individuals. Overall, Waterford Homes contributes to enhancing living conditions, creating a nurturing home environment, and supporting the well-being of its tenants in Morristown, TN.
This information is meant to be a general summary of Waterford Homes For Elderly 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 2023.
- Investment Income: $7
- Program Service Revenue: $151,408
- Gross Receipts: $190,002
Assets and Liabilities:
- Total Assets: $1,394,291
- Total Liabilities: $2,224,642
- Net Assets: -$830,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$149,690
LAUNDRY & VENDING INCO
Revenue
$1,519
TENANT CHARGES
Revenue
$199
Organization Details
Founding Year
2000
Phone
(423) 586-1494Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L21 - Housing
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