Overview
What is Methodist Episcopal Senior Housing Inc?
Methodist Episcopal Senior Housing Inc, located at 200 Bishop Lane, Concord, NC 28025, is a dedicated nonprofit organization. Their primary mission is to provide subsidized housing for low-income and elderly residents, ensuring a comfortable living environment. They operate an apartment complex comprising 50 units, adhering to HUD regulations that govern rental charges and operational methods. This commitment empowers vulnerable individuals to maintain their independence while ensuring they can afford appropriate housing.
Is Methodist Episcopal Senior Housing Inc legitimate?
Methodist Episcopal Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Episcopal Senior 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 Methodist Episcopal Senior Housing Inc?
Methodist Episcopal Senior Housing Inc is dedicated to providing subsidized housing for low-income and elderly individuals. This organization adheres to HUD regulations governing rental charges and operating methods to ensure affordable housing. Their primary activity involves managing an apartment complex of 50 units, offering a home to those who might not otherwise be able to afford it. By complying with HUD guidelines, Methodist Episcopal Senior Housing Inc contributes to the well-being and stability of its residents.
What is the revenue of Methodist Episcopal Senior Housing Inc?
Methodist Episcopal Senior Housing Inc's revenue in 2023 was $435,525.
Who are the executives of Methodist Episcopal Senior Housing Inc and what are their salaries?
There 8 volunteers at Methodist Episcopal Senior Housing Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Methodist Episcopal Senior Housing Inc?
Methodist Episcopal Senior Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Methodist Episcopal Senior Housing Inc
Methodist Episcopal Senior Housing Inc is dedicated to providing accommodation for individuals who are financially disadvantaged and are of advanced age. Adhering to regulations set by the HUD, this nonprofit organization ensures that rental charges and operating methods are strictly monitored. Its primary mission is to offer subsidized housing for these vulnerable individuals, creating an environment that caters to their specific needs. This is accomplished through the operation of an apartment complex, housing 50 units. By providing such accommodations, Methodist Episcopal Senior Housing Inc plays a significant role in offering a secure living space for the elderly and low-income population, thereby contributing to their overall well-being.
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Impact
October, 2024
Methodist Episcopal Senior Housing Inc significantly enhances the quality of life for low-income and elderly individuals by providing subsidized housing through a 50-unit apartment complex. Operating under HUD regulations, the organization ensures affordable rental options that meet the specific needs of this vulnerable population. By offering a safe and supportive living environment, it fosters independence and dignity among residents, allowing them to thrive in their later years. This initiative not only addresses housing instability but also contributes to the overall wellbeing of the community in Concord, NC, by enhancing social connections and providing essential services to those who need them most.
This information is meant to be a general summary of Methodist Episcopal Senior 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 2023.
- Investment Income: $525
- Program Service Revenue: $195,784
- Gross Receipts: $435,525
Assets and Liabilities:
- Total Assets: $998,582
- Total Liabilities: $1,434,743
- Net Assets: -$436,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$191,635
LAUNDRY AND VENDING
Revenue
$3,979
TENANT CHARGES
Revenue
$170
Organization Details
Founding Year
1982
Principal Officer
Charles Mckinley
NTEE Category
Code: L20Z - Housing
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