Overview
What is Chadwick Apartments Inc?
Chadwick Apartments Inc is a nonprofit organization established with the purpose of managing and operating a 41-unit apartment complex named Chadwick Apartments in Garner, North Carolina. This initiative aligns with Section 202 of the National Housing Act, and the corporation has signed regulatory agreements with the Federal Housing Administration (FHA) section of HUD. The organization is committed to offering rental assistance to low-income families or individuals through a Project Rental Assistance Contract (PRAC). This support helps ensure affordable housing in the community.
Is Chadwick Apartments Inc legitimate?
Chadwick Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chadwick 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.
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 Chadwick Apartments Inc?
Chadwick Apartments Inc, a not-for-profit corporation, was established with the purpose of managing a 41-unit apartment community. This community is located in Garner, North Carolina, and is known as Chadwick Apartments. The organization was formed under Section 202 of the National Housing Act, and it has entered into standard regulatory agreements with the Federal Housing Administration section of HUD. These agreements regulate the operation of the community. Additionally, Chadwick Apartments Inc has secured a Project Rental Assistance Contract (PRAC), which offers rental assistance to low-income families or individuals. The main objective of this corporation is to provide affordable housing solutions for those in need.
Who is the CEO of Chadwick Apartments Inc?
Mia Bailey is the Chair of Chadwick Apartments Inc.
What is the revenue of Chadwick Apartments Inc?
Chadwick Apartments Inc's revenue in 2022 was $269,754.
Who are the executives of Chadwick Apartments Inc and what are their salaries?
Here are 13 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: $254,163
- Other: $15,303
- Compensation: $0
- Related: $194,083
- Other: $12,618
- Compensation: $0
- Related: $179,957
- Other: $10,533
- Compensation: $0
- Related: $143,709
- Other: $10,307
- Compensation: $0
- Related: $137,542
- Other: $7,181
- Compensation: $0
- Related: $132,275
- Other: $14,535
- Compensation: $0
- Related: $136,308
- Other: $7,728
- Compensation: $0
- Related: $82,447
- Other: $8,357
Where can I find the form 990 for Chadwick Apartments Inc?
Chadwick Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chadwick Apartments Inc
Chadwick Apartments Inc, a not-for-profit corporation, was established with the mission of owning and managing a 41-unit apartment community. This community, known as Chadwick Apartments, is located in Garner, North Carolina. The organization was founded under Section 202 of the National Housing Act, which has been amended over the years. Chadwick Apartments Inc entered into standard regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the community. A Project Rental Assistance Contract (PRAC) is in place, providing financial aid in the form of rent assistance to low-income families or individuals living in the apartments. This assistance is crucial in ensuring that these individuals can afford housing, thereby promoting a stable living environment.
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
Chadwick Apartments Inc. significantly contributes to the community by providing affordable housing in Garner, North Carolina. Operating a 41-unit apartment complex, it caters specifically to low-income families and individuals, addressing a crucial need for accessible living accommodations.
Through a Project Rental Assistance Contract (PRAC), Chadwick Apartments ensures that residents receive vital rent assistance, which helps alleviate the financial burden on those who might otherwise struggle to afford housing. This initiative not only impacts the residents directly but also strengthens the broader community by fostering stability and inclusion among its low-income population.
By adhering to the regulatory frameworks of the Federal Housing Administration, Chadwick Apartments combines compliance with compassionate service, creating a well-managed residential environment that is supportive and secure for its tenants. This holistic approach to affordable housing ultimately enhances the quality of life for many in the area, promoting social equity and community well-being.
This information is meant to be a general summary of Chadwick Apartments 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: -$506
- Program Service Revenue: $135,395
- Gross Receipts: $270,477
Assets and Liabilities:
- Total Assets: $1,271,571
- Total Liabilities: $2,180,864
- Net Assets: -$909,293
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
$135,395
Organization Details
Founding Year
1992
Phone
(336) 765-0424Principal Officer
Mia Bailey
Main Address
PO BOX 2185, RALEIGH, NC, 27602
NTEE Category
Code: L20Z - Housing
If you are a representative of Chadwick Apartments 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.