Overview
What is Galax Community Apartments Corporation?
Galax Community Apartments Corporation is a nonprofit organization based in Christiansburg, Virginia, with a significant presence in Galax, Virginia. Their primary mission is to provide affordable housing for individuals battling chronic mental illnesses, totaling ten units. These units are funded under Section 811 of the National Act, which is regulated by the U.S. Department of Housing and Urban Development (HUD). The organization's goal is to provide a supportive living environment for its residents, aiming to improve their overall quality of life.
Is Galax Community Apartments Corporation legitimate?
Galax Community Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galax Community Apartments Corporation 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Galax Community Apartments Corporation?
Galax Community Apartments Corporation's mission is centered around providing low-income housing, specifically for individuals with chronic mental illnesses. This mission is carried out through the operation of ten units in a location regulated by HUD, under Section 811 of the National Act. The corporation's headquarters may be in Christiansburg, VA, but its housing project is situated in Galax, VA. The corporation's primary objective is to offer a safe and affordable living space for those in need.
Who is the CEO of Galax Community Apartments Corporation?
Janaka Casper is the CEO of Galax Community Apartments Corporation The CEO's salary of Galax Community Apartments Corporation is $0 and their total compensation is $0.
What is the revenue of Galax Community Apartments Corporation?
Galax Community Apartments Corporation's revenue in 2023 was $72,591.
Who are the executives of Galax Community Apartments Corporation and what are their salaries?
Here are 12 key members and their salaries (Galax Community Apartments Corporation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990EZ for Galax Community Apartments Corporation?
Galax Community Apartments Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Galax Community Apartments Corporation
Galax Community Apartments Corporation, as a nonprofit organization, is dedicated to providing low-income housing for individuals dealing with chronic mental illnesses. Situated in Galax, Virginia, the corporation operates under Section 811 of the National Act, which is regulated by HUD. Their mission is to offer a safe and supportive living environment for these individuals, enabling them to sustain their daily lives. The housing project, though located in Christiansburg, is strategically situated in Galax, ensuring easy access and accommodation for the residents. Galax Community Apartments Corporation's mission is a testament to their commitment towards supporting vulnerable individuals and offering them a chance at a stable living situation.
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Impact
October, 2024
Galax Community Apartments Corporation plays a vital role in addressing the housing needs of the chronically mentally ill population in Galax, VA. By owning and operating ten units specifically designed for this group, the organization meets a critical demand for affordable housing, ensuring that individuals with mental health challenges have a safe and stable living environment.
This initiative fosters greater independence and dignity for residents, who often face significant barriers in securing housing due to their mental health conditions. Additionally, by operating under Section 811 of the National Housing Act, the corporation aligns with federal support programs designed to enhance housing opportunities for low-income individuals with disabilities.
The corporation's focus on low-income housing not only contributes to community stability but also promotes better mental health outcomes, as stable housing is a foundational element for successful recovery and integration into society. In summary, Galax Community Apartments Corporation significantly impacts the lives of its residents and the broader community by ensuring access to crucial housing resources for some of the most vulnerable individuals.
This information is meant to be a general summary of Galax Community Apartments 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 2023.
- Investment Income: $92
- Program Service Revenue: $71,558
- Gross Receipts: $72,591
Assets and Liabilities:
- Total Assets: $365,594
- Total Liabilities: $6,884
- Net Assets: $358,710
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Organization Details
Principal Officer
Janaka Casper
NTEE Category
Code: L00 - Housing
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