Overview
What is Potomac River Homes Inc?
Potomac River Homes Inc, located in Frederick, Maryland, is a dedicated nonprofit organization. Their primary mission is to provide affordable housing for individuals who are chronically mentally disabled, in line with their exempt status. This is achieved under Section 811 of the National Affordable Housing Act. The organization's work is centered around this crucial objective, aiming to improve living conditions and provide a supportive environment for those in need.
Is Potomac River Homes Inc legitimate?
Potomac River Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potomac River Homes 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
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What is the mission statement of Potomac River Homes Inc?
Potomac River Homes Inc, as a housing organization, is committed to providing affordable housing for individuals with chronic mental disabilities, in line with Section 811 of the National Affordable Housing Act. Their mission is to ensure that these individuals have access to suitable housing, thereby enhancing their quality of life. The organization operates under an exempt status, and their primary activity revolves around providing affordable housing solutions for this specific group of individuals. Potomac River Homes Inc strives to make a significant impact in the lives of those living with chronic mental disabilities by offering them a safe and affordable living environment.
Who is the CEO of Potomac River Homes Inc?
Sarah Norman is the Treasurer of Potomac River Homes Inc.
What is the revenue of Potomac River Homes Inc?
Potomac River Homes Inc's revenue in 2022 was $135,952.
Who are the executives of Potomac River Homes Inc and what are their salaries?
There 5 volunteers at Potomac River Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $451,063
- Other: $25,617
- Compensation: $0
- Related: $172,288
- Other: $21,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Potomac River Homes Inc?
Potomac River Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Potomac River Homes Inc
Potomac River Homes Inc, a nonprofit organization, is dedicated to providing affordable housing to individuals who are chronically mentally disabled. In line with Section 811 of the National Affordable Housing Act, this mission is crucial in ensuring that these individuals have access to suitable living conditions. The nonprofit's activities are guided by an exempt status, which allows it to focus on this specific population and provide them with housing that meets their unique needs. By offering affordable housing, Potomac River Homes Inc plays a significant role in improving the quality of life for these individuals, enabling them to live with dignity and independence.
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Impact
October, 2024
Potomac River Homes Inc significantly impacts the community by providing affordable housing tailored for individuals with chronic mental disabilities. By aligning with the Section 811 of the National Affordable Housing Act, the organization creates accessible living environments that empower residents, offering them stability and a sense of belonging. This initiative enhances the quality of life for these individuals, addressing both housing insecurity and the unique challenges faced by those with mental health disabilities. Located in Frederick, MD, Potomac River Homes Inc not only helps to alleviate the housing crisis but also fosters inclusivity and support for a vulnerable population, ultimately contributing to the well-being of the broader community.
This information is meant to be a general summary of Potomac River Homes 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: $7
- Program Service Revenue: $135,945
- Gross Receipts: $135,952
Assets and Liabilities:
- Total Assets: $1,066,847
- Total Liabilities: $2,054,573
- Net Assets: -$987,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$135,945
Organization Details
Founding Year
1994
Phone
(301) 662-0099Principal Officer
Sarah Norman
Main Address
PO BOX 3734, FREDERICK, MD, 21705
NTEE Category
Code: L20 - Housing
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