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Providence Place V Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562198190 ✦ Southern pines, NC ✦ Designated as a 501(c)(3)

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Overview

What is Providence Place V Inc?

Providence Place V Inc is a nonprofit organization situated in Southern Pines, North Carolina. Their primary mission involves managing an apartment complex catering to the elderly and disabled, providing them with a safe and comfortable living space. Specifically, they operate a 31-unit complex situated in Aberdeen, North Carolina, under Section 202 of the National Housing Act of 1959. This initiative aims to offer suitable housing options for individuals who require additional support due to age or disability.

Is Providence Place V Inc legitimate?

Providence Place V Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Place V 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 Providence Place V Inc?

Providence Place V Inc is dedicated to operating an apartment complex, specifically catering to the elderly and disabled. This mission is carried out under Section 202 of the National Housing Act of 1959. The organization provides housing for these individuals, aiming to create a living environment that suits their unique needs. The complex is located in Aberdeen, NC, but the mission statement focuses on the purpose and service rather than the specific location.

Who is the CEO of Providence Place V Inc?

Scott Brewton is the Board Member of Providence Place V Inc.

What is the revenue of Providence Place V Inc?

Providence Place V Inc's revenue in 2023 was $211,823.

Who are the executives of Providence Place V Inc and what are their salaries?

There 3 volunteers at Providence Place V Inc.


Here are 3 key members and their salaries:


Alona Sloan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Sherlock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Grenier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Providence Place V Inc?

Providence Place V Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Providence Place V Inc

Providence Place V Inc, a nonprofit organization, is dedicated to serving the elderly and disabled community. Their mission is to operate a 31-unit apartment complex specifically designed for this demographic. This complex is operated under Section 202 of the National Housing Act of 1959, showcasing the organization's commitment to providing safe and suitable living spaces for those in need. By operating this complex, Providence Place V Inc contributes to the well-being and independence of elderly and disabled individuals, offering them a place to call home.

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Impact




October, 2024

Providence Place V Inc operates a 31-unit apartment complex in Aberdeen, NC, providing essential housing for elderly and disabled individuals. By offering accessible living arrangements, the organization enhances the quality of life for residents, promoting independence and community integration. This initiative addresses critical housing needs, allowing seniors and disabled individuals to reside in a supportive environment tailored to their requirements. The presence of such facilities contributes to the overall wellbeing of the community, fostering an inclusive atmosphere where individuals can thrive. Through its efforts, Providence Place V Inc not only meets housing standards but also supports the dignity and autonomy of its residents.




This information is meant to be a general summary of Providence Place V 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.

Revenue
$211,823 (2023)
Expenses
$229,069 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $258
  • Program Service Revenue: $109,122
  • Gross Receipts: $211,823

Assets and Liabilities:

  • Total Assets: $1,033,444
  • Total Liabilities: $2,340,438
  • Net Assets: -$1,306,994

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENTAL PAYMENTS

Revenue

$108,503

LAUNDRY AND VENDING IN

Revenue

$599

TENANT CHARGES

Revenue

$20

Organization Details

Founding Year

2000

Principal Officer

Scott Brewton

Main Address

100 GOSSMAN DRIVE SUITE B, SOUTHERN PINES, NC, 28387

NTEE Category

Code: A20 - Arts

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