Overview
What is Centerplace Iii Inc?
Centerplace III Inc, doing business as Centerplace III Apartments, is a nonprofit organization established to construct, own, and manage an 8-unit affordable housing complex in Jeffersonville, Indiana. Operating under Section 811 of the National Affordable Housing Act, the corporation has partnered with the Federal Housing Administration (FHA) section of HUD and entered into standard regulatory agreements for the community's operation. Furthermore, it has secured a Project Rental Assistance Contract (PRAC) with HUD, which provides rent assistance for low-income families or individuals. The PRAC aims to make housing more accessible and affordable for those in need.
Is Centerplace Iii Inc legitimate?
Centerplace Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centerplace Iii Inc submitted a form 990EZ, 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.
What is the mission statement of Centerplace Iii Inc?
Centerplace III Inc., operating as Centerplace III Apartments, was established with the objective of constructing, managing, and operating an eight-unit apartment complex in compliance with Section 811 of the National Affordable Housing Act. The corporation's mission is to provide affordable housing for low-income families or individuals, as stipulated by the U.S. Department of Housing and Urban Development (HUD). To achieve this, Centerplace III Inc. has signed regulatory agreements with HUD's Federal Housing Administration division and a Project Rental Assistance Contract with HUD. This contract is a rent assistance program designed to support low-income families or individuals, as per HUD's regulations.
Who is the CEO of Centerplace Iii Inc?
Phillip Bates is the President of Centerplace Iii Inc.
What is the revenue of Centerplace Iii Inc?
Centerplace Iii Inc's revenue in 2022 was $39,941.
Who are the executives of Centerplace Iii Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for Centerplace Iii Inc?
Centerplace Iii Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Centerplace Iii Inc
Centerplace III Inc, doing business as Centerplace III Apartments, was established with a specific mission. This mission revolves around constructing, owning, and operating an eight-unit apartment community in Jeffersonville, Indiana. This community, known as Centerplace III Apartments, is developed under Section 811 of the National Affordable Housing Act. The organization's primary goal is to provide affordable housing for low-income families or individuals, in line with the guidelines set by the Hudson Housing and Urban Development (HUD) department.
To accomplish this, Centerplace III Inc has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. These agreements outline the operation standards for the Centerplace III Apartments. Furthermore, Centerplace III Inc has also secured a Project Rental Assistance Contract (PRAC) with HUD. This contract serves as a rental assistance program, ensuring that eligible low-income families or individuals can afford to reside in the Centerplace III Apartments. The organization's mission, therefore, is centered around providing affordable housing solutions and collaborating with government agencies to facilitate this process.
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Impact
August, 2024
Centerplace III Inc D/B/A Centerplace III Apartments' impact is in providing affordable housing for low-income families or individuals in Jeffersonville, Indiana. The organization owns and operates an 8-unit apartment community under the guidelines of the national affordable housing act. Through their Project Rental Assistance Contract with HUD, Centerplace III Apartments offers housing assistance to those in need, contributing to the stability and well-being of individuals and families in the community. Their focus on human services helps address the critical need for affordable housing in the area, making a direct impact on the lives of those they serve.
This information is meant to be a general summary of Centerplace Iii 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 2022.
- Investment Income: $3
- Program Service Revenue: $22,260
- Gross Receipts: $39,941
Assets and Liabilities:
- Total Assets: $259,383
- Total Liabilities: $21,287
- Net Assets: $238,096
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Organization Details
Phone
(812) 206-1344Principal Officer
Phillip Bates
Main Address
609 EAST MAIN ST DOOR 9, NEW ALBANY, IN, 47150
NTEE Category
Code: P73 - Human services
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