Overview
What is Wesleyan Homes Ii Of Troy Inc?
Wesleyan Homes II of Troy Inc. is a nonprofit organization situated in Troy, North Carolina. Their primary mission is to provide affordable housing options for individuals with low and moderate incomes, adhering to Section 515(B) of the National Housing Act of 1949. To achieve this, they operate a 30-unit apartment complex, which is regulated by the USDA Rural Development. The organization's operations and rent charges are strictly overseen by USDA Rural Development to ensure compliance and affordability for its residents.
Is Wesleyan Homes Ii Of Troy Inc legitimate?
Wesleyan Homes Ii Of Troy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesleyan Homes Ii Of Troy 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:
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What is the mission statement of Wesleyan Homes Ii Of Troy Inc?
Wesleyan Homes II of Troy Inc. is committed to providing housing solutions for individuals with modest and low income levels. This organization operates a 30-unit apartment complex, adhering to Section 515(B) of the National Housing Act of 1949. The act provides for both interest and rent subsidies. The mission of Wesleyan Homes II of Troy Inc. is to offer affordable housing, regulated by USDA Rural Development, ensuring reasonable rent charges and operating methods. The organization aims to contribute positively to the housing market, providing a living space for individuals who may otherwise struggle to secure affordable housing.
Who is the CEO of Wesleyan Homes Ii Of Troy Inc?
Richard Hinson is the Board Chair of Wesleyan Homes Ii Of Troy Inc.
What is the revenue of Wesleyan Homes Ii Of Troy Inc?
Wesleyan Homes Ii Of Troy Inc's revenue in 2022 was $216,730.
Who are the executives of Wesleyan Homes Ii Of Troy Inc and what are their salaries?
There 7 volunteers at Wesleyan Homes Ii Of Troy Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Wesleyan Homes Ii Of Troy Inc?
Wesleyan Homes Ii Of Troy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wesleyan Homes Ii Of Troy Inc
Wesleyan Homes II of Troy Inc, as a nonprofit organization, is dedicated to providing housing opportunities for individuals with low and moderate income. In line with its mission, the organization operates a 30-unit apartment complex. This project, regulated by USDA Rural Development, is designed to offer subsidies on interest and rent charges, ensuring that the housing remains affordable for its residents. The organization's mission is to make a significant contribution to the community by providing a secure living environment for individuals who may otherwise struggle to secure suitable housing. By offering subsidized housing, Wesleyan Homes II of Troy Inc plays a crucial role in promoting social equality and stability.
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Impact
October, 2024
Wesleyan Homes II of Troy Inc. plays a crucial role in the local community by providing affordable housing options for individuals with low and moderate incomes. By operating a 30-unit apartment complex, this organization addresses a significant need for accessible housing in Troy, North Carolina.
The complex is designed to support residents through interest and rent subsidies, ensuring that housing costs remain manageable for those who might otherwise struggle to find suitable accommodations. This initiative not only improves living conditions for individuals and families but also fosters a sense of stability and community engagement among residents.
Regulated by USDA Rural Development, the project adheres to standards that promote responsible management and equitable access, further enhancing its positive impact. By prioritizing affordable housing, Wesleyan Homes II contributes to the overall well-being of the community, helping to alleviate some of the financial burdens faced by low and moderate-income individuals while promoting human services and community development.
This information is meant to be a general summary of Wesleyan Homes Ii Of Troy 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: $1,095
- Program Service Revenue: $94,950
- Gross Receipts: $216,730
Assets and Liabilities:
- Total Assets: $465,471
- Total Liabilities: $841,267
- Net Assets: -$375,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$94,450
TENANT CHARGES
Revenue
$500
Organization Details
Founding Year
1992
Phone
(910) 572-2218Principal Officer
Richard Hinson
Main Address
1368 NC HIGHWAY 134 NORTH, TROY, NC, 27371
NTEE Category
Code: P70Z - Human services
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