Overview
What is Ware Terrace Inc?
Ware Terrace Inc is a nonprofit organization, headquartered in Waycross, Georgia, with a primary focus on constructing and managing an apartment complex comprising 40 units. This project falls under Section 8 of the National Housing Act, which is overseen by the U.S. Department of Housing and Urban Development (HUD). The organization's objective is to provide affordable housing solutions within this regulatory framework.
Is Ware Terrace Inc legitimate?
Ware Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ware Terrace 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,005
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What is the mission statement of Ware Terrace Inc?
Ware Terrace Inc was established with the primary objective of constructing and managing an apartment complex comprising 40 units, adhering to Section 8 of the National Housing Act. These types of projects are subject to regulations by the Department of Housing and Urban Development (HUD). The organization's mission revolves around providing affordable housing options under the supervision of HUD, ensuring compliance with the National Housing Act. By constructing and managing these apartments, Ware Terrace Inc aims to contribute to the housing needs of a specific demographic, providing them with a suitable living space. The organization's operations are regulated by HUD to ensure the project adheres to the principles and guidelines set by the National Housing Act.
Who is the CEO of Ware Terrace Inc?
C Billups is the President of Ware Terrace Inc.
What is the revenue of Ware Terrace Inc?
Ware Terrace Inc's revenue in 2022 was $314,856.
Who are the executives of Ware Terrace Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ware Terrace Inc?
Ware Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ware Terrace Inc
Ware Terrace Inc, as a nonprofit organization, was established with a mission to construct and manage an apartment complex comprising 40 units under Section 8 of the National Housing Act. This type of project is subject to regulation by the Housing and Urban Development (HUD). The organization's primary goal was to provide affordable housing options for individuals and families in need, making a significant contribution to the housing market. By operating under Section 8, Ware Terrace Inc was able to provide housing assistance to eligible residents, ensuring that they could secure suitable living arrangements while adhering to the regulations set forth by HUD.
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Impact
October, 2024
Ware Terrace Inc significantly contributes to addressing housing needs in Waycross, GA, through the construction and operation of a 40-unit apartment complex. By providing affordable housing options under Section 8 of the National Housing Act, they help ensure that low-income families and individuals have access to safe and decent living conditions. This initiative not only enhances community stability but also positively impacts the overall quality of life for residents. Regulated by HUD, the apartments meet established standards, fostering a supportive environment for those in need and ultimately promoting social equity in housing accessibility.
This information is meant to be a general summary of Ware Terrace 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: $5,303
- Program Service Revenue: $309,553
- Gross Receipts: $314,856
Assets and Liabilities:
- Total Assets: $1,540,069
- Total Liabilities: $381,318
- Net Assets: $1,158,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY REVENUE
Revenue
$490
SECTION 8 PAYMENTS
Revenue
$309,063
Organization Details
Founding Year
1986
Principal Officer
C Billups
Main Address
P O BOX 1965, Waycross, GA, 31501
NTEE Category
Code: L21 - Housing
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