Overview
What is Madison Heritage Apartments Inc?
Madison Heritage Apartments Inc is a not-for-profit corporation established in accordance with Indiana's not-for-profit statutes. Its primary mission is to manage a 30-unit community named Madison Heritage Apartments, located in Madison, Indiana. This community specializes in providing affordable housing for low-income elderly individuals. The corporation receives funding from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. In 2016, the original mortgage was refinanced under Section 207 of the National Housing Act. The corporation's purpose is to ensure a comfortable living environment for its residents.
Official website here: www.rhf.org
Is Madison Heritage Apartments Inc legitimate?
Madison Heritage Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Heritage Apartments 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.rhf.org
What is the mission statement of Madison Heritage Apartments Inc?
Madison Heritage Apartments Inc. is a not-for-profit organization established in accordance with Indiana's not-for-profit statutes. Its primary purpose is to manage a 30-unit community, known as Madison Heritage Apartments, which provides housing for low-income elderly individuals. The organization receives housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. In 2016, the original mortgage was refinanced under Section 207, pursuant to Section 223(F) of the National Housing Act. The mission of Madison Heritage Apartments Inc. can be inferred from its activities, which are centered around providing affordable housing and assistance to elderly individuals with limited income.
Official website here: www.rhf.org
Who is the CEO of Madison Heritage Apartments Inc?
Hartman Stuart J is the CEO of Madison Heritage Apartments Inc The CEO's salary of Madison Heritage Apartments Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Madison Heritage Apartments Inc?
Madison Heritage Apartments Inc's revenue in 2024 was $302,702.
Official website here: www.rhf.org
Who are the executives of Madison Heritage Apartments Inc and what are their salaries?
Here are 38 key members and their salaries (Madison Heritage Apartments Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Madison Heritage Apartments Inc?
Madison Heritage Apartments Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Madison Heritage Apartments Inc
Madison Heritage Apartments Inc, a not-for-profit corporation, was established in accordance with the state of Indiana's not-for-profit statutes. Its primary mission is to operate a 30-unit community, known as Madison Heritage Apartments, which provides affordable housing for low-income elderly individuals. The corporation receives housing assistance payments from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which is amended. During the fiscal year ending April 30, 2016, the original mortgage was refinanced under Section 207, pursuant to Section 223(F) of the National Housing Act, amended. This refinancing process was implemented to ensure the continuous provision of affordable housing for the elderly population served by Madison Heritage Apartments Inc. The organization's mission is to contribute to the well-being of this demographic, offering them a secure living environment, thus enabling them to maintain their independence and dignity.
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Impact
October, 2024
Madison Heritage Apartments Inc. plays a crucial role in addressing the housing needs of low-income elderly individuals in Madison, Indiana. By operating a 30-unit community, it provides stable and affordable housing options for this vulnerable population, enhancing their quality of life.
The organization receives housing assistance payments from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which supports its commitment to providing adequate living conditions. This financial backing enables Madison Heritage Apartments to maintain affordable rent levels, ensuring that elderly residents can live independently and with dignity.
Additionally, the refinancing of the original mortgage under Section 207 serves to strengthen the financial stability of the apartments, allowing for continued investment in maintenance and improvements to the community. By fostering a supportive living environment, Madison Heritage Apartments Inc. not only offers shelter but also contributes to the social and emotional well-being of its residents, combating isolation and promoting community engagement among the elderly population.
This information is meant to be a general summary of Madison Heritage Apartments 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 2024.
- Investment Income: $1,837
- Program Service Revenue: $98,742
- Gross Receipts: $302,702
Assets and Liabilities:
- Total Assets: $944,855
- Total Liabilities: $1,150,963
- Net Assets: -$206,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$98,742
Organization Details
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