Overview
What is Mt Moriah Manor Inc?
Mt Moriah Manor Inc is a nonprofit organization established with the goal of constructing, owning, and operating a 45-unit apartment community in Lexington, North Carolina, named Mt Moriah Manor. This was done in accordance with Section 202 of the National Housing Act and involves collaboration with the Federal Housing Administration (FHA) section of HUD. The organization operates under standard regulatory agreements and provides rent assistance for low-income families through a Housing Assistance Payment Contract (HAP Contract) within the Section 8 program of the National Housing Act. In December 2015, Mt Moriah Manor merged with Kidron Korners, a tax-exempt 30-unit apartment community in Lexington, North Carolina. The two communities now operate under one corporation.
Is Mt Moriah Manor Inc legitimate?
Mt Moriah Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Moriah Manor 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: $0
For more financial information, click here
What is the mission statement of Mt Moriah Manor Inc?
Mt Moriah Manor Inc was established with the purpose of constructing, owning, and operating a 45-unit apartment community, known as Mt Moriah Manor. This was done in accordance with Section 202 of the National Housing Act, and the organization entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. A Housing Assistance Payment Contract (HAP Contract) provides rental assistance for low-income families or individuals, as part of the Section 8 program of the National Housing Act. In December 2015, Mt Moriah Manor merged with Kidron Korner, a related tax-exempt 30-unit apartment community, and is currently operating both under one corporation. During this merger, Kidron Korner's assets, liabilities, and net assets were combined with Mt Moriah Manor's.
In summary, Mt Moriah Manor Inc was founded with the primary objective of providing affordable housing for low-income families or individuals, in compliance with the National Housing Act. Their operations involve constructing, owning, and managing apartment communities, while utilizing HAP contracts for rental assistance. The organization expanded its operations through a merger with Kidron Korner in 2015.
Who is the CEO of Mt Moriah Manor Inc?
Dee Bradford is the Chairman of Mt Moriah Manor Inc.
What is the revenue of Mt Moriah Manor Inc?
Mt Moriah Manor Inc's revenue in 2022 was $699,129.
Who are the executives of Mt Moriah Manor Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mt Moriah Manor Inc?
Mt Moriah Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Moriah Manor Inc
Mt Moriah Manor Inc was established with the mission to construct, own, and operate a 45-unit apartment community, known as Mt Moriah Manor, in Lexington, North Carolina. The organization was established under Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. The primary objective of Mt Moriah Manor Inc is to provide rent assistance for low-income families or individuals through a Housing Assistance Payment Contract (HAP Contract), as part of the Section 8 program of the National Housing Act. In December 2015, the corporation merged Mt Moriah Manor with Kidron Korner, a related tax-exempt 30-unit apartment community in Lexington, North Carolina, and is currently operating both under one corporation. During the year ended December 31, 2015, Kidron Korner's assets, liabilities, and net assets were merged with the corporation's assets. In essence, Mt Moriah Manor Inc is committed to providing affordable housing and rent assistance for low-income families or individuals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mt Moriah Manor Inc plays a vital role in addressing housing needs in Lexington, North Carolina, by providing affordable housing solutions for low-income families and individuals. It operates a 45-unit apartment community that not only offers shelter but also fosters a sense of community.
By entering into regulatory agreements with the Federal Housing Administration, Mt Moriah Manor ensures compliance with housing standards while receiving federal assistance to facilitate rent payments for vulnerable populations through the Section 8 program. This commitment to affordability means that families can secure stable living conditions without the burden of excessive financial strain.
The recent merger with Kidron Korner, which added a related 30-unit apartment community to its operations, enhances its capacity to serve the community, allowing for a more integrated approach to housing assistance. This expansion exemplifies the organization’s dedication to improving the quality of life for residents and promoting neighborhood stability.
Overall, Mt Moriah Manor Inc significantly impacts the local community by providing essential housing resources, contributing to lower homelessness rates, and supporting the economic well-being of families in Lexington.
This information is meant to be a general summary of Mt Moriah Manor 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 2022.
- Investment Income: -$5,090
- Program Service Revenue: $281,741
- Gross Receipts: $704,381
Assets and Liabilities:
- Total Assets: $1,804,193
- Total Liabilities: $2,132,946
- Net Assets: -$328,753
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$281,741
Organization Details
Founding Year
1982
Phone
(336) 246-4612Principal Officer
Dee Bradford
Main Address
F202 ROBERT FLOYD DRIVE BOX 30, LEXINGTON, NC, 27292
NTEE Category
Code: L21 - Housing
If you are a representative of Mt Moriah Manor Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.