Overview
What is Frederick-Garrett Residences Inc?
Frederick-Garrett Residences Inc is a nonprofit organization dedicated to providing housing assistance for individuals with disabilities. Financed through Section 202 of the National Housing Act, they offer subsidized living spaces. Their operating budget is primarily sustained by rental income from tenants and a subsidy from the HUD. The organization's primary mission is to provide suitable housing solutions for individuals with disabilities, ensuring they have a secure and comfortable living environment.
Is Frederick-Garrett Residences Inc legitimate?
Frederick-Garrett Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederick-Garrett Residences 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 Frederick-Garrett Residences Inc?
Frederick-Garrett Residences Inc's mission is centered around providing housing assistance for individuals with disabilities. Their operations are primarily funded through rental income from a subsidy provided by the HUD and contributions from tenants. The property that houses these individuals is financed through Section 202 of the National Housing Act, which enables the provision of subsidized housing for disabled persons. The organization's mission is to ensure that disabled individuals have access to secure and suitable housing, thereby enhancing their quality of life.
Who is the CEO of Frederick-Garrett Residences Inc?
Scott Hollingsworth is the President of Frederick-Garrett Residences Inc.
What is the revenue of Frederick-Garrett Residences Inc?
Frederick-Garrett Residences Inc's revenue in 2022 was $73,317.
Who are the executives of Frederick-Garrett Residences Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Frederick-Garrett Residences Inc?
Frederick-Garrett Residences Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Frederick-Garrett Residences Inc
Frederick-Garrett Residences Inc is dedicated to providing housing assistance for individuals with disabilities. The organization's mission is to offer subsidized housing units to these individuals, ensuring they have a secure living environment. The operating budget for Frederick-Garrett Residences Inc is primarily funded through rental income from tenants and a subsidy provided by the U.S. Department of Housing and Urban Development (HUD). The property itself is financed through Section 202 of the National Housing Act, a government program designed to support the construction and maintenance of affordable housing for eligible populations. The subsidized housing provided by Frederick-Garrett Residences Inc is a crucial resource for disabled individuals, enabling them to live independently and with dignity.
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Impact
August, 2024
Frederick-Garrett Residences Inc provides crucial housing assistance for disabled individuals in Oakland, MD. Their impact is significant as they offer subsidized housing to those who may face challenges in finding suitable and affordable accommodation due to their disabilities. By securing funding through the HUD subsidy program and operating within the guidelines of the National Housing Act, Frederick-Garrett Residences Inc plays a vital role in ensuring that disabled persons have access to safe and stable housing options. Their work not only addresses a pressing need in the community but also contributes to enhancing the quality of life for those they serve.
This information is meant to be a general summary of Frederick-Garrett Residences 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.
- Program Service Revenue: $73,304
- Gross Receipts: $73,317
Assets and Liabilities:
- Total Assets: $129,103
- Total Liabilities: $97,563
- Net Assets: $31,540
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Organization Details
Phone
(301) 334-9431Principal Officer
Scott Hollingsworth
Main Address
39 SOUTH THIRD STREET, OAKLAND, MD, 21550
NTEE Category
Code: L21Z - Housing
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