Giles Community Apartments Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541668603 ✦ Christiansburg, VA ✦ Designated as a 501(c)(3)

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Overview

What is Giles Community Apartments Corporation?

Giles Community Apartments Corporation is a nonprofit organization headquartered in Christiansburg, Virginia. Their primary mission is to provide affordable housing, achieving this through the operation and ownership of 30 units located in Pearisburg, Virginia, funded by the U.S. Department of Housing and Urban Development's Section 202 program. By doing so, they contribute to the community by ensuring that low-income individuals have access to appropriate housing options.

Is Giles Community Apartments Corporation legitimate?

Giles Community Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Giles Community Apartments 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: $61,602

For more financial information, click here

What is the mission statement of Giles Community Apartments Corporation?

Giles Community Apartments Corporation is dedicated to providing affordable housing for individuals with low income. They accomplish this mission by operating and owning 30 housing units in Pearisburg, Virginia, funded through HUD Section 202. The organization's primary focus is on ensuring that affordable housing is accessible to those in need. Located in Christiansburg, VA, Giles Community Apartments Corporation works tirelessly to fulfill its commitment to affordable housing.

Who is the CEO of Giles Community Apartments Corporation?

Jeffrey Reed is the Chief Executive Officer of Giles Community Apartments Corporation. The CEO's salary of Giles Community Apartments Corporation is $0 and their total compensation is $616,715.

What is the revenue of Giles Community Apartments Corporation?

Giles Community Apartments Corporation's revenue in 2022 was $166,185.

Who are the executives of Giles Community Apartments Corporation and what are their salaries?


Here are 12 key members and their salaries (Giles Community Apartments Corporation's CEO's salary is $0 and their total compensation is $616,715):


Janaka Casper (Chief Executive Officer)
  • Compensation: $0
  • Related: $555,107
  • Other: $61,608
Andy Hall (Chief Operations Officer)
  • Compensation: $0
  • Related: $333,052
  • Other: $35,717
Jeffrey K Reed (President)
  • Compensation: $0
  • Related: $405,876
  • Other: $56,798
Lance Sutherland (Cfo/Treasurer)
  • Compensation: $0
  • Related: $237,553
  • Other: $54,080
John Randolph (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Sisk (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Freddy Paige (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Castilla (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Famuliner (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Racquel Reddie (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Sherman-Lee (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Mcmahon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Giles Community Apartments Corporation?

Giles Community Apartments Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Giles Community Apartments Corporation

Giles Community Apartments Corporation, a nonprofit organization, is dedicated to providing affordable housing. It achieves this mission by operating and owning 30 housing units in Pearisburg, Virginia, funded under HUD Section 202. The corporation's commitment to affordability plays a crucial role in ensuring that individuals and families with limited resources have access to safe and comfortable living spaces. By fulfilling this mission, Giles Community Apartments Corporation contributes to the overall well-being and stability of its community members.

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Impact




October, 2024

Giles Community Apartments Corporation plays a crucial role in providing affordable housing solutions in Pearisburg, Virginia. By operating and managing 30 low-income housing units, the organization addresses the pressing need for accessible living conditions in an area where housing affordability can be a significant barrier for families and individuals.

The impact of Giles Community Apartments Corporation extends beyond merely providing shelter; it enhances the quality of life for its residents by ensuring that low-income individuals have a safe and stable place to call home. By utilizing HUD Section 202 funding, the organization facilitates opportunities for residents to thrive, supporting community stability and fostering an environment where families can build a brighter future.

Located in Christiansburg, VA, the Corporation's influence resonates throughout the region, contributing to the broader efforts of improving housing conditions and economic well-being for low-income populations. In this way, Giles Community Apartments Corporation is not just a housing provider; it is a catalyst for positive community development, empowering residents and uplifting the entire community.




This information is meant to be a general summary of Giles 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.

Revenue
$166,185 (2022)
201120122013201420152016201720182019202020212022$0$45,000$90,000$135k$180k
Expenses
$221,358 (2022)
201120122013201420152016201720182019202020212022$0$75,000$150k$225k$300k
Efficiency
2011201220132014201520162017201820192020202120220%8%16%24%38%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $110
  • Program Service Revenue: $166,075
  • Gross Receipts: $166,185

Assets and Liabilities:

  • Total Assets: $663,104
  • Total Liabilities: $71,350
  • Net Assets: $591,754

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$166,075

Organization Details

Founding Year

1993

Principal Officer

Jeffrey Reed

Main Address

448 DEPOT STREET, CHRISTIANSBURG, VA, 24073

NTEE Category

Code: L20 - Housing

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