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Housing For The Elderly Of Adamsville

Oakhaven Village Apts

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581482306 ✦ Cordova, TN ✦ Designated as a 501(c)(3)

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Overview

What is Housing For The Elderly Of Adamsville?

Housing For The Elderly Of Adamsville is a Tennessee-based, nonprofit organization established in 1985, with a mission to cater to the housing needs of elderly individuals with low to extremely low incomes. Situated in Adamsville, their flagship project, Oakhaven Village, is a 24-unit community that offers not just housing but also related services, in accordance with the U.S. Department of Housing and Urban Development programs. This nonprofit corporation is dedicated to ensuring the comfort and well-being of elderly residents by providing them with a supportive living environment.


Official website here: www.wesleyliving.com

Is Housing For The Elderly Of Adamsville legitimate?

Housing For The Elderly Of Adamsville is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing For The Elderly Of Adamsville 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,102

For more financial information, click here


Official website here: www.wesleyliving.com

What is the mission statement of Housing For The Elderly Of Adamsville?

Housing For The Elderly Of Adamsville is a not-for-profit corporation established in 1985, in compliance with Tennessee's not-for-profit statutes. Its primary objective is to operate a 24-unit community, known as Oakhaven Village, which provides housing and related services for elderly individuals with very low and extremely low incomes. This is achieved under the terms of the U.S. Department of Housing and Urban Development programs, as per Section 202 of the National Housing Act. The organization's mission is to provide a supportive living environment and essential services to these elderly individuals, enabling them to maintain their independence and quality of life.


Official website here: www.wesleyliving.com

Who is the CEO of Housing For The Elderly Of Adamsville?

Donald D Ollio Jr is the Principal Officer of Housing For The Elderly Of Adamsville. The CEO's salary of Housing For The Elderly Of Adamsville is $0 and their total compensation is $0.


Official website here: www.wesleyliving.com

What is the revenue of Housing For The Elderly Of Adamsville?

Housing For The Elderly Of Adamsville's revenue in 2022 was $289,548.


Official website here: www.wesleyliving.com

Who are the executives of Housing For The Elderly Of Adamsville and what are their salaries?

There 11 volunteers at Housing For The Elderly Of Adamsville.


Here are 15 key members and their salaries (Housing For The Elderly Of Adamsville's CEO's salary is $0 and their total compensation is $0):


Rev Andy Thompson (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Albonetti (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Mitchener (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Avens (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Bingham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Feger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Garst (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Gay (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Lou Cushing (Non-Voting Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Nasso (Non-Voting Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Ollio (Non-Voting Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Budynas (Non-Voting Coo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wesleyliving.com

Where can I find the form 990 for Housing For The Elderly Of Adamsville?

Housing For The Elderly Of Adamsville's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wesleyliving.com

Learn more at the official website: www.wesleyliving.com

Mission Statement of Housing For The Elderly Of Adamsville

Housing For The Elderly Of Adamsville is a not-for-profit corporation established in accordance with Tennessee's statutes in 1985. Its primary mission is to provide housing and related services to elderly individuals with very low and extremely low incomes. This mission is carried out under the terms of the U.S. Department of Housing and Urban Development's programs. The organization operates a 24-unit community known as Oakhaven Village, which is located in Adamsville, Tennessee. This community serves as a residence for elderly individuals who meet the income criteria specified in Section 202 of the National Housing Act, as amended. The purpose of Housing For The Elderly Of Adamsville is to offer a safe and supportive living environment for the elderly, ensuring they have access to essential housing services.

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Impact




October, 2024

Housing for the Elderly of Adamsville significantly enhances the quality of life for very low and extremely low-income elderly individuals in the Adamsville area. By providing affordable apartment units at Oak Haven Village, residents gain access to safe and secure housing that meets their unique needs.

In addition to housing, the organization offers essential related services that support the well-being of its residents, fostering an environment where community and care go hand in hand. This initiative helps alleviate the challenges of aging, such as financial strain and social isolation, enabling elderly individuals to maintain their independence while being a part of a supportive community.

The impact extends beyond just housing; it promotes dignity, security, and a sense of belonging, which are vital for the emotional and mental wellness of elderly residents. Overall, Housing for the Elderly of Adamsville serves as a crucial lifeline in addressing the pressing needs of the elderly population in the area, ensuring they have access to stable living conditions and necessary support.




This information is meant to be a general summary of Housing For The Elderly Of Adamsville. 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.

Revenue
$289,548 (2022)
Expenses
$261,044 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25
  • Program Service Revenue: $82,467
  • Gross Receipts: $289,548

Assets and Liabilities:

  • Total Assets: $315,099
  • Total Liabilities: $222,802
  • Net Assets: $92,297

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$82,467

Organization Details

Founding Year

1985

Principal Officer

Donald D Ollio Jr

Main Address

1615 APPLING ROAD, CORDOVA, TN, 38016

NTEE Category

Code: L22Z - Housing

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