Jt Hairston Memorial Apartments Inc

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

EIN: 560938355 ✦ Greensboro, NC ✦ Designated as a 501(c)(3)

Overview

What is Jt Hairston Memorial Apartments Inc?

J.T. Hairston Memorial Apartments Inc, located in Greensboro, North Carolina, is a nonprofit organization established with the mission to construct, own, and operate a 108-unit apartment complex. Named after J.T. Hairston, this community, known as J.T. Hairston Memorial Apartments, serves as a housing solution for individuals with low income. The organization adheres to Section 221(D)(4) of the National Housing Act, as amended, and has a regulatory agreement with the Federal Housing Administration section of HUD. The primary objective of J.T. Hairston Memorial Apartments Inc is to provide affordable housing options, subject to HUD regulations governing rental charges and operating methods.


Is Jt Hairston Memorial Apartments Inc legitimate?

Jt Hairston Memorial Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jt Hairston Memorial Apartments 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Jt Hairston Memorial Apartments Inc?
Who is the CEO of Jt Hairston Memorial Apartments Inc?
What is the revenue of Jt Hairston Memorial Apartments Inc?
Who are the executives of Jt Hairston Memorial Apartments Inc and what are their salaries?
Where can I find the form 990 for Jt Hairston Memorial Apartments Inc?

Mission Statement of Jt Hairston Memorial Apartments Inc

Jt Hairston Memorial Apartments Inc, as a nonprofit organization, is dedicated to providing housing for individuals with low and moderate income. In line with regulations set by the Department of Housing and Urban Development (HUD), the organization operates under the guidelines of Section 221(D)(4) of the National Housing Act. This means that the apartments they manage are designed to cater to individuals who fall within these income brackets. The corporation has entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD, ensuring the operation of the community adheres to established standards. In essence, Jt Hairston Memorial Apartments Inc is committed to offering affordable housing solutions to those in need, in compliance with HUD regulations governing rental charges and operational methods.

Impact

This information is meant to be a general summary of Jt Hairston Memorial Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The impact of Jt Hairston Memorial Apartments Inc is significant in providing housing for low-income individuals in Greensboro, North Carolina. By owning and operating a 108-unit apartment community known as J.T. Hairston Memorial Apartments, the organization offers affordable housing to those in need. Through their mission to provide housing to individuals with low and moderate incomes, Jt Hairston Memorial Apartments Inc serves the community and helps address the housing needs of vulnerable populations.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $85
  • Program Service Revenue: $176,518
  • Gross Receipts: $1,045,650

    • Assets and Liabilities:
  • Total Assets: $3,913,872
  • Total Liabilities: $4,471,160
  • Net Assets: -$557,288
  • Programs

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

    TENANT RENTAL PAYMENTS

    Revenue

    $160,413

    TENANT CHARGES

    Revenue

    $14,944

    LAUNDRY AND VENDING

    Revenue

    $1,161

    Organization Details

    Founding Year

    1968

    Principal Officer

    Mary G Mims

    Main Address

    3859 BATTLEGROUND AVENUE SUITE 100, GREENSBORO, NC, 27410

    NTEE Category

    Code: L21 - Housing

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