Overview
What is York Senior Properties Inc?
York Senior Properties Inc is a nonprofit corporation, established with the mission to own and operate a 40-unit apartment community named White Oaks Apartments in York, South Carolina. This organization was established under Section 202 of the National Housing Act and has entered into Standard FHA Regulatory Agreements with the Federal Housing Administration section of HUD. The primary objective of this not-for-profit entity is to provide rental assistance for low-income families or individuals through a Project Rental Assistance Contract (PRAC), as per the Section 8 program of the National Housing Act. The White Oaks Apartments are designed to offer a safe and affordable living environment for these individuals.
Is York Senior Properties Inc legitimate?
York Senior Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. York Senior Properties 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 York Senior Properties Inc?
York Senior Properties Inc, as a not-for-profit corporation, was established with the purpose of managing and operating a 40-unit apartment community. This community is known as White Oaks Apartments, located in an unspecified location. The organization was founded under Section 202 of the National Housing Act, with regulations governed by the Federal Housing Administration (FHA) section of HUD. A Project Rental Assistance Contract (PRAC) is in place, providing rental assistance for low-income families or individuals, as part of the Section 8 program under the National Housing Act. In summary, York Senior Properties Inc's mission is to provide affordable housing solutions for low-income families or individuals through the management of White Oaks Apartments, in compliance with the National Housing Act and FHA regulations.
Who is the CEO of York Senior Properties Inc?
Kimberly Faust is the Chairman of York Senior Properties Inc.
What is the revenue of York Senior Properties Inc?
York Senior Properties Inc's revenue in 2023 was $403,637.
Who are the executives of York Senior Properties Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for York Senior Properties Inc?
York Senior Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of York Senior Properties Inc
York Senior Properties Inc, a not-for-profit corporation, was established with a mission to own and operate a 40-unit apartment community. This community is located in York, South Carolina and is known as White Oaks Apartments. The organization was founded in accordance with Section 202 of the National Housing Act, which it adheres to through standard regulatory agreements with the Federal Housing Administration section of HUD.
The primary objective of York Senior Properties Inc is to provide rental assistance for low-income families or individuals, as stipulated by the Section 8 program of the National Housing Act. This is achieved through a Project Rental Assistance Contract (PRAC), which the organization has entered into with the Federal Housing Administration. This contract allows York Senior Properties Inc to offer affordable housing options to those who require financial assistance, thereby enhancing their living conditions and contributing to their overall well-being.
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Impact
October, 2024
York Senior Properties Inc significantly impacts the York, South Carolina community by providing affordable housing through the White Oaks Apartments, a 40-unit apartment community. This initiative addresses the critical need for affordable living options, particularly for low-income families and individuals. By adhering to the regulations set forth by the Federal Housing Administration (FHA) and the National Housing Act, the organization ensures that residents benefit from stable housing conditions and rent assistance.
Through the Project Rental Assistance Contract (PRAC), York Senior Properties Inc facilitates access to subsidized rental opportunities, helping to alleviate the financial burdens faced by low-income households. This support not only enhances the quality of life for residents but also fosters a sense of community, resilience, and stability within York. The operation of White Oaks Apartments exemplifies a commitment to housing equity and social responsibility, contributing positively to both individual residents and the broader community.
This information is meant to be a general summary of York Senior Properties 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 2023.
- Investment Income: -$680
- Program Service Revenue: $134,249
- Gross Receipts: $404,597
Assets and Liabilities:
- Total Assets: $861,405
- Total Liabilities: $1,228,558
- Net Assets: -$367,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$134,249
Organization Details
Founding Year
1985
Phone
(803) 327-6694Principal Officer
Kimberly Faust
Main Address
PO BOX 11519, ROCK HILL, SC, 29731
NTEE Category
Code: L22Z - Housing
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