Overview
What is Calhoun Homes Inc?
Calhoun Homes Inc is a nonprofit organization situated in Mount Zion, West Virginia. The primary mission of this organization is to provide affordable housing for low-income residents. They achieve this by managing a 24-unit apartment complex located in Mount Zion, operating under Section 221D3 of the National Housing Act of 1959. This act is designed to promote the development of low-income rental housing across the United States. Calhoun Homes Inc plays a significant role in enhancing living conditions for individuals and families who may otherwise struggle with housing expenses.
Is Calhoun Homes Inc legitimate?
Calhoun Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calhoun 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: $40,450
For more financial information, click here
What is the mission statement of Calhoun Homes Inc?
Calhoun Homes Inc. is an organization that focuses on providing subsidized housing for low-income residents. They operate a 24-unit apartment complex, serving as a vital resource in meeting the housing needs of this demographic. Their operations are in compliance with Section 221D3 of the National Housing Act of 1959. The organization's primary goal is to make affordable housing available, thereby contributing positively to the well-being and stability of its residents.
What is the revenue of Calhoun Homes Inc?
Calhoun Homes Inc's revenue in 2024 was $273,100.
Who are the executives of Calhoun Homes Inc and what are their salaries?
The average compensation at Calhoun Homes Inc during 2024 was $20,225. There are 2 employees at Calhoun Homes Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Calhoun Homes Inc?
Calhoun Homes Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Calhoun Homes Inc
Calhoun Homes Inc, a nonprofit organization, is committed to providing subsidized housing for individuals with low income. They accomplish this mission through the operation of a 24-unit apartment complex, located in an unspecified location. This housing complex is operated under Section 221D3 of the National Housing Act of 1959. Calhoun Homes Inc strives to make a significant difference in the lives of those in need, providing them with a secure and affordable place to call home. The organization's mission aligns with the broader goal of addressing housing insecurity and promoting social equity, ensuring that every individual has access to decent and affordable housing.
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Impact
October, 2024
Calhoun Homes Inc significantly enhances the quality of life for low-income residents in Mount Zion, West Virginia, by providing access to affordable housing. Through its 24-unit apartment complex, the organization addresses the critical need for subsidized housing, enabling residents to secure stable living conditions that might otherwise be unattainable.
By operating under Section 221(d)(3) of the National Housing Act of 1959, Calhoun Homes Inc contributes to the long-term stability of the community, fostering an environment where families can thrive. The availability of affordable housing not only alleviates financial strain on residents but also promotes social cohesion and community engagement. This impact extends beyond mere shelter, as it plays a vital role in enhancing the overall well-being of individuals and families, facilitating access to essential services, and encouraging local economic growth.
This information is meant to be a general summary of Calhoun 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 2024.
- Investment Income: $2
- Program Service Revenue: $27,291
- Gross Receipts: $273,100
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Principal Officer
Carol Sloan
NTEE Category
Code: L21 - Housing
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