Overview
What is The Odd Fellows Home For The Elderly Of North Carolina Inc?
The Odd Fellows Home for the Elderly of North Carolina Inc is a nonprofit corporation established with the purpose of managing and operating a 150-unit apartment complex named Country Village Apartments in Winston-Salem, North Carolina. This organization was established in compliance with Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration section of HUD. The primary function of this nonprofit is to provide rental assistance for low-income families or individuals through a Project Rental Assistance Contract (PRAC) as part of the Section 8 program of the National Housing Act.
Is The Odd Fellows Home For The Elderly Of North Carolina Inc legitimate?
The Odd Fellows Home For The Elderly Of North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Odd Fellows Home For The Elderly Of North Carolina 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 The Odd Fellows Home For The Elderly Of North Carolina Inc?
The Odd Fellows Home For The Elderly Of North Carolina Inc was established with the purpose of managing and operating a 150-unit apartment complex named Country Village Apartments in Winston-Salem, North Carolina. This was done in accordance with Section 202 of the National Housing Act, and they entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. The organization secures rent assistance for low-income families or individuals through a Project Rental Assistance Contract (PRAC), as part of the Section 8 program of the National Housing Act. In simpler terms, their mission is to provide affordable housing and rent assistance to low-income families or individuals.
Who is the CEO of The Odd Fellows Home For The Elderly Of North Carolina Inc?
Bobby Boles is the President of The Odd Fellows Home For The Elderly Of North Carolina Inc.
What is the revenue of The Odd Fellows Home For The Elderly Of North Carolina Inc?
The Odd Fellows Home For The Elderly Of North Carolina Inc's revenue in 2023 was $1,414,531.
Who are the executives of The Odd Fellows Home For The Elderly Of North Carolina Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Odd Fellows Home For The Elderly Of North Carolina Inc?
The Odd Fellows Home For The Elderly Of North Carolina Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Odd Fellows Home For The Elderly Of North Carolina Inc
The Odd Fellows Home For The Elderly Of North Carolina Inc was established with a mission to own and operate a 150-unit apartment community, named Country Village Apartments, in Winston-Salem, North Carolina. This mission aligns with Section 202 of the National Housing Act, which the organization adopted and amended. The nonprofit has entered into Standard FHA Regulatory Agreements with the Federal Housing Administration section of HUD, governing the operation of the community. A Project Rental Assistance Contract (PRAC) is in place, providing rent assistance for low-income families or individuals, as per the Section 8 program of the National Housing Act. This assistance ensures that eligible residents can afford housing, contributing to their overall well-being and quality of life. The Odd Fellows Home For The Elderly Of North Carolina Inc's mission, therefore, is to provide affordable housing for low-income individuals, enabling them to maintain a decent standard of living.
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Impact
October, 2024
The Odd Fellows Home For The Elderly Of North Carolina Inc significantly impacts the lives of low-income families and individuals in Winston-Salem by providing affordable housing through its Country Village Apartments community. With 150 units available, it addresses the crucial need for safe and accessible living options for elderly residents who may otherwise struggle to find suitable accommodations.
By operating under Section 202 of the National Housing Act and adhering to FHA regulatory agreements, the organization ensures that the community is well-managed and meets federal guidelines for housing assistance. The Project Rental Assistance Contract (PRAC) further bolsters this impact by offering rent assistance, making it possible for low-income families and individuals to afford quality housing.
This arrangement not only improves the quality of life for residents but also fosters a sense of community and support among individuals facing common economic challenges. By prioritizing affordable housing, The Odd Fellows Home plays a vital role in enhancing the social fabric of Winston-Salem, providing stability and a supportive environment for elderly residents.
This information is meant to be a general summary of The Odd Fellows Home For The Elderly Of North Carolina 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: $36,262
- Program Service Revenue: $509,076
- Gross Receipts: $1,414,531
Assets and Liabilities:
- Total Assets: $2,801,381
- Total Liabilities: $129,369
- Net Assets: $2,672,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$509,076
Organization Details
Founding Year
1977
Phone
(336) 765-0424Principal Officer
Bobby Boles
Main Address
201 PARK RIDGE CIRCLE, WINSTONSALEM, NC, 27104
NTEE Category
Code: Y40 - Mutual benefit
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