Overview
What is Rock Hill Senior Properties Inc?
Rock Hill Senior Properties Inc is a nonprofit organization established with the purpose of owning and managing Green Street Plaza Apartments, a 51-unit housing community situated in Rock Hill, South Carolina. Organized under Section 202 of the National Housing Act, the corporation operates in accordance with standard FHA regulatory agreements with the Federal Housing Administration division of HUD. Its mission is to provide affordable housing for low-income families or individuals, offering lease agreements for the apartment units. A Project Rental Assistance Contract (PRAC) is in place to offer rental assistance to eligible residents.
Is Rock Hill Senior Properties Inc legitimate?
Rock Hill Senior Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock Hill 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.
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What is the mission statement of Rock Hill Senior Properties Inc?
Rock Hill Senior Properties Inc was established with the objective of managing a 51-unit apartment community. This community, known as Green Street Plaza Apartments, is located in Rock Hill, South Carolina. The organization was established under Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. The primary mission of Rock Hill Senior Properties Inc is to provide affordable housing units to low-income families or individuals. To achieve this, they offer a Project Rental Assistance Contract (PRAC) that provides financial assistance with rent payments. The organization's main focus is to ensure that low-income families can secure housing, providing them with a stable living environment.
Who is the CEO of Rock Hill Senior Properties Inc?
Kimberly Faust is the Chairman of Rock Hill Senior Properties Inc.
What is the revenue of Rock Hill Senior Properties Inc?
Rock Hill Senior Properties Inc's revenue in 2023 was $350,226.
Who are the executives of Rock Hill 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 Rock Hill Senior Properties Inc?
Rock Hill Senior Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rock Hill Senior Properties Inc
Rock Hill Senior Properties Inc, a nonprofit corporation, was established with a mission to own and operate a 51-unit apartment community, named Green Street Plaza Apartments, in Rock Hill, South Carolina. It was organized in accordance with Section 202 of the National Housing Act, amended, and entered into standard regulatory agreements with the Federal Housing Administration section of HUD, which govern the community's operation. The organization's primary objective is to lease apartment units to low-income families or individuals. To support these families financially, Rock Hill Senior Properties Inc utilizes a Project Rental Assistance Contract (PRAC), which provides rental assistance. This assistance ensures that low-income families are able to afford housing in this community. The mission of Rock Hill Senior Properties Inc is to provide affordable housing options for those in need, thereby contributing to the overall well-being and stability of the community.
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Impact
October, 2024
Rock Hill Senior Properties Inc significantly contributes to the community by providing vital housing resources for low-income families and individuals in the Rock Hill, South Carolina area. Through the operation of the Green Street Plaza Apartments, a 51-unit apartment community, it addresses a pressing need for affordable housing options, ensuring that residents have a safe and stable living environment.
The organization plays a crucial role in bridging the housing gap by leasing apartments specifically to low-income households. The Project Rental Assistance Contract (PRAC) further enhances this impact by offering rent assistance, which alleviates the financial burden on residents and allows them to maintain their homes without sacrificing basic necessities.
By adhering to the regulatory agreements established with the Federal Housing Administration, Rock Hill Senior Properties ensures that the apartments are maintained and operated in a manner that meets community standards and supports the well-being of its residents. This commitment to affordable housing fosters a sense of community and stability, enabling families to thrive and contributing to the overall social fabric of the area. The organization’s focus on decent and affordable living conditions empowers vulnerable populations, ultimately enriching the community as a whole.
This information is meant to be a general summary of Rock Hill 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: -$3,358
- Program Service Revenue: $190,922
- Gross Receipts: $353,730
Assets and Liabilities:
- Total Assets: $1,720,795
- Total Liabilities: $3,455,327
- Net Assets: -$1,734,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$190,922
Organization Details
Founding Year
1995
Phone
(803) 327-6694Principal Officer
Kimberly Faust
Main Address
PO BOX 25168, WINSTONSALEM, NC, 271145168
NTEE Category
Code: L22 - Housing
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