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Alpha Properties Inc

Dillsboro Village Apartments

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

EIN: 351432669 ✦ Dillsboro, IN ✦ Designated as a 501(c)(3)

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Overview

What is Alpha Properties Inc?

Alpha Properties Inc is a nonprofit organization that specializes in providing housing solutions for the elderly and disabled. Their primary project, Dillsboro Village Apartments, offers 40 units in compliance with Section 202 of the National Housing Act. This initiative is dedicated to ensuring a comfortable living environment for its residents.

Is Alpha Properties Inc legitimate?

Alpha Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Properties 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: $79,449

For more financial information, click here

What is the mission statement of Alpha Properties Inc?

Alpha Properties Inc, through its Dillsboro Village Apartments, is committed to providing housing solutions for the elderly and disabled. This is accomplished by operating 40 units under Section 202 of the National Housing Act. This initiative aims to offer suitable living spaces that cater to the specific needs of this demographic, promoting their independence and well-being.

Who is the CEO of Alpha Properties Inc?

Erin Thomas is the Chairman of Alpha Properties Inc.

What is the revenue of Alpha Properties Inc?

Alpha Properties Inc's revenue in 2022 was $454,369.

Who are the executives of Alpha Properties Inc and what are their salaries?

There 4 volunteers at Alpha Properties Inc.


Here are 5 key members and their salaries:


Doug Rump (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Richard (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Garner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frieda Rickerson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Thomas (Executive Director)
  • Compensation: $0
  • Related: $83,875
  • Other: $2,400
Where can I find the form 990 for Alpha Properties Inc?

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

Mission Statement of Alpha Properties Inc

Alpha Properties Inc, as a nonprofit organization, is dedicated to providing housing solutions for the elderly and disabled community. Specifically, their mission is fulfilled through Dillsboro Village Apartments, a housing complex they manage and operate. Under the auspices of Section 202 of the National Housing Act, Alpha Properties Inc offers 40 units at Dillsboro Village Apartments, ensuring access to safe and comfortable living spaces for this vulnerable population. By offering housing solutions tailored to the needs of the elderly and disabled, Alpha Properties Inc contributes significantly to the overall well-being and independence of these individuals, allowing them to maintain their dignity and quality of life.

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Impact




October, 2024

Alpha Properties Inc significantly enhances the quality of life for the elderly and disabled by providing affordable and accessible housing through Dillsboro Village Apartments. Located in Dillsboro, Indiana, the organization operates 40 housing units specifically designed to meet the needs of these vulnerable populations. By adhering to Section 202 of the National Housing Act, Alpha Properties ensures that residents have a supportive living environment that fosters independence while also offering vital resources tailored to their unique challenges. This commitment to creating safe, stable housing promotes not only individual well-being but also strengthens the community as a whole.




This information is meant to be a general summary of Alpha Properties 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
$454,369 (2022)
Expenses
$315,519 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $66
  • Program Service Revenue: $128,206
  • Gross Receipts: $454,369

Assets and Liabilities:

  • Total Assets: $709,512
  • Total Liabilities: $663,299
  • Net Assets: $46,213

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Programs

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

Rental

Revenue

$116,670

SNAC Site Contract

Revenue

$6,600

Laundry & Vending Reve

Revenue

$2,531

Other program revenue

Revenue

$2,405

Organization Details

Founding Year

1978

Principal Officer

Erin Thomas

Main Address

13091 Benedict Drive, Dillsboro, IN, 47018

NTEE Category

Code: L21Z - Housing

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