Overview
What is Better Community Corportation?
Better Community Corporation is a nonprofit organization with a mission to provide affordable housing in low-income communities. Operated by Stephen P Pannell, the corporation adheres to Section 202 of the National Housing Act. This enables it to acquire property and construct an apartment complex of 24 units, which are then operated under strict regulations by the U.S. Department of Housing and Urban Development (HUD). These regulations control rent charges and operating methods, ensuring that housing remains accessible to those in need.
Is Better Community Corportation legitimate?
Better Community Corportation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Better Community Corportation 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: $44,412
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What is the mission statement of Better Community Corportation?
Better Community Corporation, as a non-profit organization, is established with the purpose of acquiring real property and constructing an apartment complex of 24 units, adhering to Section 202 of the National Housing Act. This project is regulated by HUD, ensuring controlled rent charges and operating methods. The primary mission of Better Community Corporation is to provide safe and affordable housing in low-income communities. The corporation operates with a focus on serving the needs of its residents effectively.
Who is the CEO of Better Community Corportation?
Stephen P Pannell is the V Pres of Better Community Corportation.
What is the revenue of Better Community Corportation?
Better Community Corportation's revenue in 2022 was $224,098.
Who are the executives of Better Community Corportation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Better Community Corportation?
Better Community Corportation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Better Community Corportation
Better Community Corporation, a non-profit organization, is established with the mission of acquiring interests in real property and constructing an apartment complex of 24 units. This initiative is carried out under Section 202 of the National Housing Act. The corporation's objective is to provide affordable housing in low-income communities. Regulated by the HUD, the rent charges and operating methods of such projects are overseen to ensure they cater to the needs of the intended residents. Stephen P Pannell oversees the operation of this organization, working towards its mission of making safe and adequate housing available in communities with limited resources.
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Impact
October, 2024
Better Community Corporation plays a crucial role in enhancing the quality of life in low-income communities by providing safe and affordable housing. By acquiring interests in real property and constructing a 24-unit apartment complex under Section 202 of the National Housing Act, it addresses the pressing need for accessible housing solutions.
Located in Verona, MS, the organization operates an apartment complex that adheres to regulations set by the Department of Housing and Urban Development (HUD), ensuring reasonable rent charges and responsible operating methods. This commitment not only supports individuals and families in finding secure residences but also fosters community stability.
The impact of Better Community Corporation extends beyond mere housing; it contributes to the overall socio-economic well-being of the community by enabling residents to have a reliable place to live, which is foundational for achieving personal and collective growth. Under the leadership of Stephen P Pannell, the organization remains dedicated to its mission of creating better living conditions and opportunities for those in need.
This information is meant to be a general summary of Better Community Corportation. 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: $7
- Program Service Revenue: $222,755
- Gross Receipts: $224,098
Assets and Liabilities:
- Total Assets: $111,415
- Total Liabilities: $143,927
- Net Assets: -$32,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSISTANCE PAYMENTS
Revenue
$156,552
FROM CSA IMPORT
Revenue
$66,203
Organization Details
Founding Year
1979
Phone
(662) 566-8992Principal Officer
Stephen P Pannell
Main Address
PO BOX 1090, VERONA, MS, 38879
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