Overview
What is The Residential Corporation?
The Residential Corporation is a 501(c)(4) nonprofit organization situated in Norfolk, Virginia. Their primary mission is to offer secure and budget-friendly housing, primarily to around 80 adults experiencing intellectual and developmental disabilities. These housing units are also accessible to the broader community, many of whom meet the income criteria set by the U.S. Department of Housing and Urban Development. The nonprofit aims to integrate these individuals into the community by providing them with housing options.
Official website here: www.hope-house.org
Is The Residential Corporation legitimate?
The Residential Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Residential Corporation 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: $198,673
For more financial information, click here
Official website here: www.hope-house.org
What is the mission statement of The Residential Corporation?
The Residential Corporation, as a not-for-profit organization, is committed to providing safe and affordable housing for individuals with intellectual and developmental disabilities. This is done in an integrated community setting, allowing the residents to live independently and interact with the broader community. Apartments are available for approximately 80 adults with such disabilities, and some of these units are also open to individuals from the general public who meet the income requirements set by the U.S. Department of Housing and Urban Development. The organization's mission is centered around promoting inclusivity and equality, enabling individuals with intellectual and developmental disabilities to live with dignity and independence.
Official website here: www.hope-house.org
Who is the CEO of The Residential Corporation?
Shannon M Pociask is the Executive Director of The Residential Corporation.
Official website here: www.hope-house.org
What is the revenue of The Residential Corporation?
The Residential Corporation's revenue in 2022 was $824,782.
Official website here: www.hope-house.org
Who are the executives of The Residential Corporation and what are their salaries?
There 8 volunteers at The Residential Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $120,003
- Other: $10,924
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hope-house.org
Where can I find the form 990 for The Residential Corporation?
The Residential Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hope-house.org
Learn more at the official website: www.hope-house.org
Mission Statement of The Residential Corporation
The Residential Corporation, a 501(c)(4) not-for-profit organization, is committed to providing safe and affordable housing to individuals with intellectual and developmental disabilities. They strive to integrate these individuals into the community by offering apartments as a living space. Beyond providing housing, The Residential Corporation also makes some of its apartments available to individuals in the community who meet the income requirements set by the U.S. Department of Housing and Urban Development. This organization's mission is to create an inclusive living environment, empowering individuals with intellectual and developmental disabilities to live independently and contribute to their community.
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Impact
October, 2024
The Residential Corporation plays a crucial role in the community by delivering safe and affordable housing to approximately 80 adults with intellectual and developmental disabilities across various cities in Hampton Roads. By offering apartment-style living, the organization creates inclusive environments that foster independence and integrate individuals with disabilities into the broader community.
Additionally, many of these apartments are accessible to low-income members of the community, which helps address a critical housing need in the area. The Residential Corporation not only meets housing requirements but also enhances the quality of life for its residents, promoting social inclusion and stability. Through its mission, the organization contributes to building a more equitable and supportive community framework for individuals with diverse abilities.
This information is meant to be a general summary of The Residential Corporation. 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: $579
- Program Service Revenue: $787,241
- Gross Receipts: $1,806,579
Assets and Liabilities:
- Total Assets: $11,817,027
- Total Liabilities: $5,451,911
- Net Assets: $6,365,116
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT AND SUBSIDIES
Revenue
$780,036
OTHER RENT-RELATED FEES
Revenue
$7,205
Organization Details
Founding Year
1984
Phone
(757) 625-6161Principal Officer
Shannon M Pociask
Main Address
801 Boush Street Suite 302, Norfolk, VA, 23510
Website
www.hope-house.orgNTEE Category
Code: L41 - Housing
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