Overview
What is Wfeh Incorporated C/O Dhic?
Wfeh Incorporated C/O Dhic is a nonprofit organization that was established with the goal of developing, owning, and operating a 41-unit apartment community named Turnberry Apartments in Wake Forest, North Carolina. The organization was established in accordance with Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD, which govern the operation of the community. A Project Rental Assistance Contract Agreement (PRAC) with HUD provides rent assistance for low-income families or individuals residing in the apartment complex. The nonprofit's mission is to provide affordable housing options and assistance to those in need.
Is Wfeh Incorporated C/O Dhic legitimate?
Wfeh Incorporated C/O Dhic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wfeh Incorporated C/O Dhic 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 Wfeh Incorporated C/O Dhic?
Wfeh Incorporated C/O Dhic was established with the objective of developing, owning, and managing a 41-unit apartment community named Turnberry Apartments. This was done in compliance with Section 202 of the National Housing Act, and the corporation entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD. A Project Rental Assistance Contract Agreement (PRAC) with HUD provides financial assistance in the form of rent for low-income families or individuals residing in the community. The primary mission of Wfeh Incorporated C/O Dhic is to provide affordable housing solutions, ensuring accessibility for those in need.
Who is the CEO of Wfeh Incorporated C/O Dhic?
Mia Bailey is the Chair of Wfeh Incorporated C/O Dhic.
What is the revenue of Wfeh Incorporated C/O Dhic?
Wfeh Incorporated C/O Dhic's revenue in 2022 was $283,088.
Who are the executives of Wfeh Incorporated C/O Dhic and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $254,163
- Other: $15,303
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- Related: $194,083
- Other: $12,618
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- Related: $179,957
- Other: $10,533
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- Related: $143,709
- Other: $10,307
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- Related: $137,542
- Other: $7,181
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- 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 Wfeh Incorporated C/O Dhic?
Wfeh Incorporated C/O Dhic's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wfeh Incorporated C/O Dhic
Wfeh Incorporated C/O Dhic, a not-for-profit corporation, was established with a mission to develop, own, and operate a 41-unit apartment community named Turnberry Apartments. This initiative was undertaken in compliance with Section 202 of the National Housing Act, amended. The corporation entered into standard regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the community.
To support its mission, Wfeh Incorporated C/O Dhic secured a Project Rental Assistance Contract Agreement (PRAC) with HUD. This agreement provides rental assistance for low-income families or individuals residing in the Turnberry Apartments. This financial aid ensures that affordable housing remains accessible, allowing individuals and families with limited resources to secure a suitable living environment. By offering this service, Wfeh Incorporated C/O Dhic is contributing to the betterment of its community, providing a stable and supportive living environment for its residents.
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Impact
October, 2024
Wfeh Incorporated C/O Dhic significantly contributes to the community in Wake Forest, NC, through its operation of the Turnberry Apartments, a 41-unit housing complex designed to provide affordable living for low-income families and individuals. By developing and managing this apartment community under the guidelines of Section 202 of the National Housing Act, Wfeh ensures compliance with regulatory agreements established by the Federal Housing Administration (FHA) and HUD.
The Project Rental Assistance Contract (PRAC) is a crucial aspect of this operation, as it offers essential rent assistance to those in need, making housing more accessible for vulnerable populations. This initiative not only addresses the immediate need for affordable housing but also fosters stability and enhances the quality of life for residents, ultimately contributing to the broader goal of alleviating poverty and improving community well-being.
Through its dedicated efforts, Wfeh plays a vital role in addressing housing insecurity, promoting inclusivity, and enhancing the social fabric of the Raleigh area. The organization’s work exemplifies a commitment to human services and community development, creating a positive impact on the lives of many individuals and families in the region.
This information is meant to be a general summary of Wfeh Incorporated C/O Dhic. 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: $12
- Program Service Revenue: $129,935
- Gross Receipts: $283,088
Assets and Liabilities:
- Total Assets: $1,513,430
- Total Liabilities: $2,956,077
- Net Assets: -$1,442,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$129,935
Organization Details
Founding Year
1995
Phone
(919) 832-4345Principal Officer
Mia Bailey
Main Address
PO BOX 2185, RALEIGH, NC, 27602
NTEE Category
Code: P73 - Human services
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