Norwich Housing Corporation Inc

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

EIN: 352037592 ✦ Carmel, IN ✦ Designated as a 501(c)(7)

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Overview

What is Norwich Housing Corporation Inc?

Norwich Housing Corporation Inc is a nonprofit organization situated in Carmel, Indiana. Its primary mission is to assist affiliated chapters by facilitating the process of issuing loans for housing purposes. The corporation achieves this by providing funding to member alumni corporations, which in turn offer housing opportunities for their undergraduate student members. This initiative aims to support these students by making housing more accessible to them.


Official website here: www.thetachi.org

Is Norwich Housing Corporation Inc legitimate?

Norwich Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Norwich Housing Corporation 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.thetachi.org

What is the mission statement of Norwich Housing Corporation Inc?

The Norwich Housing Corporation's mission is centered around providing financial support to affiliated alumni corporations. This support is primarily aimed at facilitating housing opportunities for undergraduate student members. By offering funding, the corporation enables these alumni corporations to issue loans for housing-related purposes, thereby contributing to the availability of decent living spaces for the students. In essence, the Norwich Housing Corporation's role is to foster a conducive housing environment for its affiliated undergraduate student body.


Official website here: www.thetachi.org

Who is the CEO of Norwich Housing Corporation Inc?

James Powell is the President of Norwich Housing Corporation Inc.


Official website here: www.thetachi.org

What is the revenue of Norwich Housing Corporation Inc?

Norwich Housing Corporation Inc's revenue in 2022 was $424,456.


Official website here: www.thetachi.org

Who are the executives of Norwich Housing Corporation Inc and what are their salaries?

There 5 volunteers at Norwich Housing Corporation Inc.


Here are 5 key members and their salaries:


Wesley K Wicker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe L Clack (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter S Mackey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas M Allen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric W Raasch (Counselor)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thetachi.org

Where can I find the form 990 for Norwich Housing Corporation Inc?

Norwich Housing Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thetachi.org

Learn more at the official website: www.thetachi.org

Mission Statement of Norwich Housing Corporation Inc

Norwich Housing Corporation Inc plays a vital role in supporting the housing needs of undergraduate students by providing funding to its affiliated alumni corporations. Their mission is to empower these organizations by aiding them in issuing loans for housing purposes. This funding enables these alumni corporations to offer housing opportunities to their student members, thereby contributing to their overall well-being during their undergraduate studies. By providing mortgage loans, Norwich Housing Corporation Inc is instrumental in assisting affiliated chapters in meeting the housing demands of their student members, thereby fostering a conducive environment for their academic pursuits.

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Impact




October, 2024

Norwich Housing Corporation Inc significantly enhances housing opportunities for undergraduate students by providing essential funding to member alumni corporations. Through its mortgage loan assistance, it facilitates the process of issuing loans that enable these organizations to develop and maintain housing facilities tailored for student needs. This support is crucial in ensuring that students have access to safe and affordable living arrangements, which in turn fosters a conducive environment for academic success and personal development. By investing in student housing, Norwich Housing Corporation Inc plays a vital role in promoting educational accessibility and community engagement within higher education.




This information is meant to be a general summary of Norwich Housing Corporation 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
$424,456 (2022)
Expenses
$369,563 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $204,337
  • Program Service Revenue: $219,869
  • Gross Receipts: $3,559,098

Assets and Liabilities:

  • Total Assets: $10,281,807
  • Total Liabilities: $1,160,913
  • Net Assets: $9,120,894

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Programs

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

CHAPTER LOAN INTEREST

Revenue

$215,196

MANAGEMENT FEES

Revenue

$4,673

Organization Details

Founding Year

1926

Principal Officer

James Powell

Main Address

865 W CARMEL DRIVE, CARMEL, IN, 46032

NTEE Category

Code: B84 - Education

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