Overview
What is Morgan Lane Housing Inc?
Morgan Lane Housing Inc is a not-for-profit organization, established in compliance with South Carolina's not-for-profit regulations. Its primary purpose is to operate a 20-unit community named Morgan Lane Elderly Housing, located in South Carolina. This community caters to low-income elderly individuals, fulfilling the requirements of Section 202 of the National Housing Act. The organization's mission is to provide housing and support for this specific demographic, aiming to enhance their quality of life.
Is Morgan Lane Housing Inc legitimate?
Morgan Lane Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgan Lane Housing 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:
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What is the mission statement of Morgan Lane Housing Inc?
Morgan Lane Housing Inc, as a not-for-profit corporation, was established with the objective of providing housing for low-income elderly individuals. This is achieved through the operation of a 20-unit community known as Morgan Lane Elderly Housing, which is in compliance with Section 202 of the National Housing Act, as amended. The corporation's mission is primarily focused on serving this specific demographic, providing them with a secure and affordable living space. By doing so, Morgan Lane Housing Inc contributes to the well-being and independence of elderly individuals, ensuring they can continue to live with dignity and respect.
Who is the CEO of Morgan Lane Housing Inc?
Donnie Hilliard is the President of Morgan Lane Housing Inc.
What is the revenue of Morgan Lane Housing Inc?
Morgan Lane Housing Inc's revenue in 2022 was $142,469.
Who are the executives of Morgan Lane Housing Inc 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 Morgan Lane Housing Inc?
Morgan Lane Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morgan Lane Housing Inc
Morgan Lane Housing Inc, a not-for-profit corporation, was established in compliance with South Carolina's not-for-profit statutes. Its primary purpose is to manage a 20-unit community, known as Morgan Lane Elderly Housing, which is specifically designed to provide affordable housing for low-income elderly individuals. This initiative aligns with Section 202 of the National Housing Act, as amended. The organization's mission is to contribute to the well-being of the elderly population by offering them a safe and affordable living environment.
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Impact
October, 2024
Morgan Lane Housing Inc significantly impacts the lives of low-income elderly individuals in South Carolina by providing them with affordable housing options. The organization operates a 20-unit community known as Morgan Lane Elderly Housing in Columbia, specifically designed to cater to the needs of elderly residents. This initiative not only offers safe and supportive living environments but also fosters a sense of community among residents, enhancing their quality of life.
By adhering to the provisions of Section 202 of the National Housing Act, Morgan Lane Housing Inc ensures that vulnerable populations have access to housing that meets their budgetary constraints. This support is critical in combating isolation and improving the overall well-being of elderly individuals, who often face unique challenges related to housing and affordability. The presence of such housing facilities contributes to the stability and dignity of residents, allowing them to age in place while surrounded by a network that promotes social interaction and care. Overall, Morgan Lane Housing Inc plays a pivotal role in addressing housing insecurity and improving the living conditions for low-income elderly persons in the region.
This information is meant to be a general summary of Morgan Lane Housing 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: $38
- Program Service Revenue: $45,408
- Gross Receipts: $142,469
Assets and Liabilities:
- Total Assets: $977,081
- Total Liabilities: $1,453,425
- Net Assets: -$476,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$45,408
Organization Details
Founding Year
2004
Phone
(803) 536-1056Principal Officer
Donnie Hilliard
Main Address
401 HARBISON BOULEVARD 3A, COLUMBIA, SC, 29212
NTEE Category
Code: L22 - Housing
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