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Holly Court Apartments Corporations

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

EIN: 541721830 ✦ Christiansburg, VA ✦ Designated as a 501(c)(3)

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Overview

What is Holly Court Apartments Corporations?

Holly Court Apartments Corporations is a nonprofit organization based in Christiansburg, Virginia, dedicated to providing low-income housing. Specifically, they operate 40 units tailored for elderly residents in Kilmarnock, Virginia, in adherence to HUD section 202 funding. Their primary mission is to offer affordable housing options, ensuring that the elderly have a place to reside comfortably. Located in Christiansburg, this organization is committed to making a difference in the community by providing housing solutions for those in need.

Is Holly Court Apartments Corporations legitimate?

Holly Court Apartments Corporations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holly Court Apartments Corporations 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: $5,896

For more financial information, click here

What is the mission statement of Holly Court Apartments Corporations?

Holly Court Apartments Corporations is committed to providing low-income housing, specifically for the elderly. They operate 40 units in accordance with HUD section 202 funding. Their primary mission is to cater to individuals with limited financial resources, ensuring they have a place to call home. This organization strives to make a positive impact on the lives of its residents by offering affordable housing options. While the location of their facilities is in Kilmarnock, Virginia, the corporation's mission extends beyond its physical location, focusing on meeting the essential needs of those in need of affordable housing.

Who is the CEO of Holly Court Apartments Corporations?

Janaka Casper is the CEO of Holly Court Apartments Corporations The CEO's salary of Holly Court Apartments Corporations is $0 and their total compensation is $853,572.

What is the revenue of Holly Court Apartments Corporations?

Holly Court Apartments Corporations's revenue in 2023 was -$31,001.

Who are the executives of Holly Court Apartments Corporations and what are their salaries?

Here are 12 key members and their salaries (Holly Court Apartments Corporations's CEO's salary is $0 and their total compensation is $853,572):


Ana Castilla (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Famuliner (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Sherman Lee (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Freddie Paige (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Randolph (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Racquel Reddie (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Mcmahon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Sisk (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Hall (Coo)
  • Compensation: $0
  • Related: $350,997
  • Other: $38,072
Janaka Casper (Ceo)
  • Compensation: $0
  • Related: $792,494
  • Other: $61,078
Jeffrey Reed (President)
  • Compensation: $0
  • Related: $455,124
  • Other: $57,714
Lance Sutherland (Evp/Cfo)
  • Compensation: $0
  • Related: $277,201
  • Other: $57,469
Where can I find the form 990 for Holly Court Apartments Corporations?

Holly Court Apartments Corporations's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Holly Court Apartments Corporations

Holly Court Apartments Corporation is dedicated to serving the community by providing low-income housing options. With a focus on assisting elderly residents, this organization operates 40 units of housing in compliance with HUD section 202 funding. Their primary mission is to ensure that affordable living spaces are available for individuals who may not have the financial means to secure housing otherwise. By providing this vital service, Holly Court Apartments Corporation contributes to the well-being of its residents and helps maintain a stable living environment for these individuals.

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Impact




October, 2024

Holly Court Apartments Corporations plays a vital role in addressing the housing needs of elderly residents in Kilmarnock, Virginia, by providing 40 units of low-income housing. By operating in accordance with HUD section 202 funding, it ensures that vulnerable populations have access to safe and affordable living environments. This organization not only contributes to the well-being of its residents but also enhances the community by promoting stability and independence among elderly individuals. Through its dedicated mission to provide low-income housing, Holly Court Apartments Corporations creates a supportive atmosphere that fosters dignity and improves the quality of life for its residents.




This information is meant to be a general summary of Holly Court Apartments Corporations. 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
-$31,001 (2023)
Expenses
$115,432 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $283
  • Program Service Revenue: $36,569
  • Gross Receipts: $936,852

Assets and Liabilities:

  • Total Assets: $1,432,875
  • Total Liabilities: $83,074
  • Net Assets: $1,349,801

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Programs

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

Rental Income

Revenue

$36,569

Organization Details

Founding Year

1993

Principal Officer

Jeffrey Reed

NTEE Category

Code: L21Z - Housing

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