Overview
What is Anointed Acres Housing Development?
Anointed Acres Housing Development is a nonprofit organization, headquartered at 2101 N Wilpar Drive, Greensboro, North Carolina. Established under Section 202 of the National Housing Act, its primary mission is to own and manage a 59-unit apartment community called NBA Anointed Acre. The organization has a contract with the Federal Housing Administration section of HUD, and they provide rental assistance to low-income families through a Project Rental Assistance Contract (PRAC) within the Section 8 program of the National Housing Act. The nonprofit's goal is to ensure affordable housing for those in need, offering a supportive living environment in Greensboro, North Carolina.
Is Anointed Acres Housing Development legitimate?
Anointed Acres Housing Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anointed Acres Housing Development 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.
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What is the mission statement of Anointed Acres Housing Development?
Anointed Acres Housing Development was established as a non-profit corporation with a purpose to manage a 59-unit apartment community, known as NBA Anointed Acres, in compliance with Section 202 of the National Housing Act. The organization has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD and secured a Project Rental Assistance Contract (PRAC). This contract provides rental assistance for low-income families or individuals, as per the Section 8 program of the National Housing Act. The main objective of Anointed Acres Housing Development is to provide affordable housing solutions for those in need, ensuring they can maintain a stable living environment.
In summary, the mission of Anointed Acres Housing Development is to facilitate the operation of a low-income housing community, providing necessary assistance through regulatory agreements and financial aid to help families and individuals afford suitable living arrangements.
Who is the CEO of Anointed Acres Housing Development?
Claretta Witherspoon is the Chair of Anointed Acres Housing Development.
What is the revenue of Anointed Acres Housing Development?
Anointed Acres Housing Development's revenue in 2023 was $385,876.
Who are the executives of Anointed Acres Housing Development and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Anointed Acres Housing Development?
Anointed Acres Housing Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Anointed Acres Housing Development
Anointed Acres Housing Development, a not-for-profit corporation, was established with a mission to own and manage a 59-unit apartment community. This community, known as NBA Anointed Aces, is located in Greensboro, North Carolina. The organization's mission is aligned with Section 202 of the National Housing Act, aiming to provide affordable housing options for low-income families or individuals. To achieve this goal, Anointed Acres Housing Development has entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD.
The cornerstone of Anointed Acres Housing Development's mission is to secure Project Rental Assistance Contracts (PRAC) through the Section 8 program of the National Housing Act. This contract provides rental assistance, enabling the organization to offer affordable housing solutions to those in need. By doing so, Anointed Acres Housing Development is making a significant contribution to the housing market, ensuring that low-income families can secure a place to call home. This mission, therefore, is about more than just owning and operating an apartment community; it's about creating a sense of belonging and stability for those who need it most.
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Impact
October, 2024
Anointed Acres Housing Development significantly impacts the Greensboro community by providing stable, affordable housing for low-income families and individuals. With its 59-unit apartment community, NBA Anointed Acres offers a critical resource for those in need, allowing residents to secure a place to call home.
Through the Project Rental Assistance Contract (PRAC), the development ensures that rental assistance is available, making it possible for many to access housing that might otherwise be out of reach due to financial constraints. This initiative is part of a broader effort to enhance community well-being and promote housing stability, directly contributing to improved quality of life for its residents.
By operating under the guidelines of the Federal Housing Administration and adhering to the National Housing Act, Anointed Acres not only meets governmental standards for affordable housing but also fosters a supportive community environment. The presence of such housing options plays a vital role in addressing homelessness and housing insecurity in the area, ultimately enriching the fabric of Greensboro.
This information is meant to be a general summary of Anointed Acres Housing Development. 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 2023.
- Investment Income: $7,845
- Program Service Revenue: $221,777
- Gross Receipts: $389,583
Assets and Liabilities:
- Total Assets: $2,335,351
- Total Liabilities: $80,613
- Net Assets: $2,254,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$221,777
Organization Details
Founding Year
1998
Phone
(314) 993-9000Principal Officer
Claretta Witherspoon
Main Address
2101 N WILPAR DRIVE, GREENSBORO, NC, 274067942
NTEE Category
Code: L21 - Housing
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