Overview
What is Draymont Housing Corporation?
Draymont Housing Corporation is a South Carolina-based nonprofit organization, established in compliance with the state's not-for-profit statutes. Its primary objective is to operate a 24-unit community known as Draymont Ridge Apartments, situated in Spartanburg, South Carolina. This housing complex is specifically designed to cater to low-income elderly individuals. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, thereby enabling it to provide affordable living spaces for its residents. The corporation's mission is centered around providing suitable housing solutions to this specific demographic, contributing positively to the community by offering affordable and comfortable living quarters.
Is Draymont Housing Corporation legitimate?
Draymont Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Draymont Housing Corporation 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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For more financial information, click here
What is the mission statement of Draymont Housing Corporation?
Draymont Housing Corporation is a not-for-profit organization, established in accordance with South Carolina's not-for-profit statutes. Its primary objective is to operate a 24-unit housing community, named Draymont Ridge Apartments, specifically designed for low-income elderly individuals. The corporation receives funding from the U.S. Department of Housing and Urban Development, granted under Section 202 of the National Housing Act, to support this mission. Essentially, Draymont Housing Corporation's mission is to provide affordable housing for the elderly population who may have limited income resources.
Who is the CEO of Draymont Housing Corporation?
Lorain Crowl is the Chair of Draymont Housing Corporation. The CEO's salary of Draymont Housing Corporation is $0 and their total compensation is $80,688.
What is the revenue of Draymont Housing Corporation?
Draymont Housing Corporation's revenue in 2022 was $154,768.
Who are the executives of Draymont Housing Corporation and what are their salaries?
Here are 12 key members and their salaries (Draymont Housing Corporation's CEO's salary is $0 and their total compensation is $80,688):
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Where can I find the form 990 for Draymont Housing Corporation?
Draymont Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Draymont Housing Corporation
Draymont Housing Corporation, established in accordance with South Carolina's not-for-profit statutes, serves a noble purpose. This organization was founded with the intent to manage a 24-unit community known as Draymont Ridge Apartments. Located in Spartanburg, South Carolina, this community provides affordable housing for low-income elderly individuals. The corporation receives support from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, which is amended. Essentially, Draymont Housing Corporation's mission is to provide a secure living environment for the elderly population who are financially disadvantaged, ensuring they can maintain a dignified quality of life.
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Impact
October, 2024
Draymont Housing Corporation plays a pivotal role in addressing housing needs for low-income elderly individuals in Spartanburg, South Carolina. By operating the 24-unit Draymont Ridge Apartments, the corporation provides essential housing that promotes stability and independence for its residents. The apartments not only serve as a safe and affordable living environment but also foster a sense of community among elderly individuals who may otherwise face social isolation.
With support from the U.S. Department of Housing and Urban Development through Section 202 of the National Housing Act, Draymont Housing Corporation ensures that rent remains affordable and accessible for its residents. This assistance is crucial for low-income elderly persons who often have fixed incomes and limited financial resources.
Overall, Draymont Housing Corporation significantly enhances the quality of life for its residents, contributing to their well-being and dignity in their later years. The organization addresses critical housing challenges while creating an inclusive community that supports the needs of vulnerable populations.
This information is meant to be a general summary of Draymont Housing Corporation. 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: $57
- Program Service Revenue: $41,001
- Gross Receipts: $154,768
Assets and Liabilities:
- Total Assets: $627,464
- Total Liabilities: $11,686
- Net Assets: $615,778
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$41,001
Organization Details
Founding Year
2003
Phone
(803) 536-1056Principal Officer
Lorain Crowl
Main Address
401 HARBISON BLVD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L22 - Housing
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