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Senior Veterans Housing Assoc Inc

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

EIN: 341481270 ✦ Ashtabula, OH ✦ Designated as a 501(c)(3)

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Overview

What is Senior Veterans Housing Assoc Inc?

Senior Veterans Housing Assoc Inc, located in Ashtabula, Ohio, is a nonprofit organization dedicated to providing housing solutions for eligible low-income elderly and disabled individuals. They operate a 25-unit apartment complex under Section 207 of the National Housing Act. HUD, or the U.S. Department of Housing and Urban Development, regulates the rent charges and operating methods of this project to ensure affordability and proper management for the residents. With a small workforce of 2 individuals, Senior Veterans Housing Assoc Inc is committed to providing a safe and comfortable living environment for its residents.


Official website here: www.retireehousing.com

Is Senior Veterans Housing Assoc Inc legitimate?

Senior Veterans Housing Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Veterans Housing Assoc 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: $49,604

For more financial information, click here


Official website here: www.retireehousing.com

What is the mission statement of Senior Veterans Housing Assoc Inc?

Senior Veterans Housing Assoc Inc, as an organization, is dedicated to providing housing for eligible low-income elderly and disabled individuals. They operate a 25-unit apartment complex under Section 207 of the National Housing Act. The U.S. Department of Housing and Urban Development (HUD) regulates the rent charges and operating methods of this project, ensuring affordability and proper management for its residents. The corporation's mission is to offer a secure living environment and essential housing solutions for this specific community, promoting their well-being and independence.


Official website here: www.retireehousing.com

Who is the CEO of Senior Veterans Housing Assoc Inc?

Romel Hanna is the President of Senior Veterans Housing Assoc Inc.


Official website here: www.retireehousing.com

What is the revenue of Senior Veterans Housing Assoc Inc?

Senior Veterans Housing Assoc Inc's revenue in 2023 was $336,998.


Official website here: www.retireehousing.com

Who are the executives of Senior Veterans Housing Assoc Inc and what are their salaries?

The average compensation at Senior Veterans Housing Assoc Inc during 2023 was $24,802. There are 2 employees at Senior Veterans Housing Assoc Inc.


Here are 5 key members and their salaries:


Barry Meadows (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Burns (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Romel Hanna (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Sawicki (V. President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Vasinda (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.retireehousing.com

Where can I find the form 990 for Senior Veterans Housing Assoc Inc?

Senior Veterans Housing Assoc Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.retireehousing.com

Learn more at the official website: www.retireehousing.com

Mission Statement of Senior Veterans Housing Assoc Inc

Senior Veterans Housing Assoc Inc is an organization dedicated to providing housing solutions for eligible low-income elderly and disabled individuals. Their mission is underscored by their operation of a 25-unit apartment complex, which is regulated under Section 207 of the National Housing Act. The regulatory body, HUD, plays a crucial role in setting the rent charges and operating methods for this project, ensuring that the housing remains accessible and affordable for its intended residents. By providing this essential service, Senior Veterans Housing Assoc Inc contributes to the well-being and stability of a vulnerable segment of the population, enabling them to live with dignity and independence.

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Impact




October, 2024

Senior Veterans Housing Association Inc significantly impacts the lives of low-income elderly and disabled individuals by providing affordable housing solutions. Operating a 25-unit apartment complex under the Section 207 National Housing Act, the organization ensures that residents have access to safe and stable living environments that meet their needs.

By regulating rent charges and operating methods in compliance with HUD guidelines, the Association helps to alleviate the financial burden on eligible residents, allowing them to maintain their dignity and independence. The focus on this vulnerable demographic fosters a sense of community and belonging, while also addressing the critical shortage of affordable housing options for seniors.

In Ashtabula, Ohio, the organization plays a vital role in enhancing the quality of life for its residents, enabling them to live with security and support. This approach not only meets immediate housing needs but also contributes to the overall well-being of the community by promoting inclusivity and care for those who have served in the military and their families.




This information is meant to be a general summary of Senior Veterans Housing Assoc 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
$336,998 (2023)
Expenses
$309,115 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $283
  • Program Service Revenue: $336,715
  • Gross Receipts: $336,998

Assets and Liabilities:

  • Total Assets: $515,752
  • Total Liabilities: $877,305
  • Net Assets: -$361,553

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT SUBSIDY

Revenue

$231,503

RENT INCOME

Revenue

$104,449

MISC FEES

Revenue

$707

LAUNDRY & VENDING

Revenue

$56

Organization Details

Founding Year

1985

Principal Officer

Romel Hanna

Main Address

2111 WEST PROSPECT, ASHTABULA, OH, 44003

NTEE Category

Code: L21Z - Housing

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