Overview
What is Wesleyan Homes Of Troy Inc?
Wesleyan Homes of Troy Inc is a nonprofit organization situated in Troy, North Carolina. Their primary mission is to offer affordable housing solutions for the elderly, specifically through a 40-unit apartment complex. This project is under the regulation of the United States Department of Housing and Urban Development (HUD), which oversees the rental rates and operation of the complex, ensuring it remains accessible to low-income individuals. The organization's focus on elderly housing is in line with Section 202 of the National Housing Act, demonstrating their commitment to supporting vulnerable populations.
Is Wesleyan Homes Of Troy Inc legitimate?
Wesleyan Homes Of Troy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wesleyan Homes Of Troy 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 Wesleyan Homes Of Troy Inc?
Wesleyan Homes of Troy Inc. is committed to providing affordable housing for the elderly. Under the auspices of Section 202 of the National Housing Act, this organization operates a 40-unit apartment complex. The United States Department of Housing and Urban Development (HUD) oversees the project, regulating rental rates and operations to ensure the provision of low-income housing for this demographic.
Who is the CEO of Wesleyan Homes Of Troy Inc?
Richard Hinson is the Board Chair of Wesleyan Homes Of Troy Inc.
What is the revenue of Wesleyan Homes Of Troy Inc?
Wesleyan Homes Of Troy Inc's revenue in 2022 was $344,618.
Who are the executives of Wesleyan Homes Of Troy Inc and what are their salaries?
There 7 volunteers at Wesleyan Homes Of Troy Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Wesleyan Homes Of Troy Inc?
Wesleyan Homes Of Troy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wesleyan Homes Of Troy Inc
Wesleyan Homes of Troy Inc is dedicated to providing affordable housing for the elderly, operating a 40-unit apartment complex as part of a national initiative under Section 202 of the Housing Act. The organization's mission is regulated by the United States Department of Housing and Urban Development (HUD), ensuring that rental rates and operations are in line with the national standards. By offering low-income housing, Wesleyan Homes of Troy Inc plays a significant role in supporting the elderly community, providing them with a safe and comfortable living environment.
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Impact
October, 2024
Wesleyan Homes of Troy Inc plays a vital role in improving the quality of life for low-income elderly residents in Troy, NC. By operating a 40-unit apartment complex, it provides affordable housing options that help alleviate the financial burdens often faced by senior citizens. This initiative not only addresses the critical need for low-income housing but also fosters a sense of community and belonging among residents.
The impact of Wesleyan Homes extends beyond just providing shelter; it enhances the overall well-being of its residents by ensuring they have a stable and secure place to live. With the oversight of the United States Department of Housing and Urban Development (HUD), Wesleyan Homes maintains regulated rental rates and operational standards, ensuring that the living conditions are safe and suitable for elderly individuals.
Moreover, by focusing on this demographic, Wesleyan Homes contributes to the broader social good, allowing seniors to age in place with dignity and support. The availability of affordable housing is crucial for maintaining their independence and improving their quality of life, thereby positively impacting the community as a whole.
This information is meant to be a general summary of Wesleyan Homes Of Troy 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 2022.
- Investment Income: $603
- Program Service Revenue: $113,084
- Gross Receipts: $344,683
Assets and Liabilities:
- Total Assets: $361,032
- Total Liabilities: $522,460
- Net Assets: -$161,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$112,933
TENANT CHARGES
Revenue
$151
Organization Details
Founding Year
1983
Phone
(910) 572-2218Principal Officer
Richard Hinson
Main Address
1368 NC HIGHWAY 134 NORTH, TROY, NC, 27371
NTEE Category
Code: P70Z - Human services
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