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Mountain Terrace Inc C/O Ellis & Ellis Pllc

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

EIN: 550669844 ✦ Charleston, WV ✦ Designated as a 501(c)(3)

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Overview

What is Mountain Terrace Inc C/O Ellis & Ellis Pllc?

Mountain Terrace Inc C/O Ellis & Ellis Pllc is a nonprofit organization that is situated in Charleston, West Virginia, specifically at 500 Virginia Street East. Their primary mission is to provide affordable housing for elderly and disabled individuals who fall under the category of low-income earners. The organization manages a 35-unit apartment complex, ensuring that all associated expenses are allocated solely to the facility. With a workforce of just two individuals, Mountain Terrace Inc C/O Ellis & Ellis Pllc is dedicated to offering essential housing solutions to those in need.

Is Mountain Terrace Inc C/O Ellis & Ellis Pllc legitimate?

Mountain Terrace Inc C/O Ellis & Ellis Pllc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Terrace Inc C/O Ellis & Ellis Pllc 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: $59,594

For more financial information, click here

What is the mission statement of Mountain Terrace Inc C/O Ellis & Ellis Pllc?

Mountain Terrace Inc C/O Ellis & Ellis Pllc is dedicated to providing rental housing for low-income elderly and/or disabled individuals. This mission is carried out by owning and operating a 35-unit apartment complex specifically designed for this demographic. The organization ensures that all expenses related to the facility are covered, ensuring the continuity and quality of the housing services provided. By offering affordable housing, Mountain Terrace Inc C/O Ellis & Ellis Pllc aims to improve the living conditions and provide a sense of community for this vulnerable population.

Who is the CEO of Mountain Terrace Inc C/O Ellis & Ellis Pllc?

Angela Phillips is the Sec/Treas. of Mountain Terrace Inc C/O Ellis & Ellis Pllc.

What is the revenue of Mountain Terrace Inc C/O Ellis & Ellis Pllc?

Mountain Terrace Inc C/O Ellis & Ellis Pllc's revenue in 2022 was $341,137.

Who are the executives of Mountain Terrace Inc C/O Ellis & Ellis Pllc and what are their salaries?

The average compensation at Mountain Terrace Inc C/O Ellis & Ellis Pllc during 2022 was $29,797. There are 2 employees at Mountain Terrace Inc C/O Ellis & Ellis Pllc.


There is 1 key member and their salary:


Alfred Salamy (Sec/Treas.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mountain Terrace Inc C/O Ellis & Ellis Pllc?

Mountain Terrace Inc C/O Ellis & Ellis Pllc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mountain Terrace Inc C/O Ellis & Ellis Pllc

Mountain Terrace Inc C/O Ellis & Ellis Pllc is dedicated to providing rental housing for low-income elderly and/or disabled individuals. This nonprofit organization operates a 35-unit apartment complex specifically designed for this population. The mission of Mountain Terrace Inc C/O Ellis & Ellis Pllc is to offer a living space that caters to the needs of this vulnerable group, ensuring that all expenses are attributed to the facility. The organization's primary focus is on providing a secure and supportive environment for its residents, ensuring that they can live with dignity and independence. By offering affordable housing, Mountain Terrace Inc C/O Ellis & Ellis Pllc plays a crucial role in enabling these individuals to maintain their quality of life.

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Impact




October, 2024

Mountain Terrace Inc C/O Ellis & Ellis PLLC plays a crucial role in the Charleston, WV community by providing rental housing specifically designed for low-income elderly and disabled individuals. By operating a 35-unit apartment complex, Mountain Terrace addresses a significant need for affordable and accessible living options for vulnerable populations.

The facility not only helps alleviate the financial burden these individuals face but also promotes community engagement and social inclusion. Residents benefit from stable housing, which is essential for their overall well-being and quality of life. Furthermore, the organization's focus on this demographic enhances their dignity and security, ensuring that elderly and disabled individuals have a safe and supportive environment to call home.

Mountain Terrace’s impact extends beyond housing—by fostering a community environment, it helps combat isolation, encourages neighborly support, and contributes to the overall health and stability of Charleston’s low-income population. Through its commitment to providing these vital services, Mountain Terrace Inc C/O Ellis & Ellis PLLC demonstrates a steadfast dedication to improving the lives of some of society's most vulnerable members.




This information is meant to be a general summary of Mountain Terrace Inc C/O Ellis & Ellis Pllc. 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
$341,137 (2022)
Expenses
$311,810 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $168
  • Program Service Revenue: $74,580
  • Gross Receipts: $341,137

Assets and Liabilities:

  • Total Assets: $812,440
  • Total Liabilities: $795,223
  • Net Assets: $17,217

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Programs

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

TENANT RENTS

Revenue

$71,838

OTHER TENANT REVENUES

Revenue

$2,742

Organization Details

Founding Year

1984

Principal Officer

Angela Phillips

Main Address

500 VIRGINIA STREET EAST, CHARLESTON, WV, 25301

NTEE Category

Code: L22Z - Housing

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