Crest Street Community Elderly Housing Corporation

New Bethel Homes For The Elderly

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

EIN: 581528903 ✦ Durham, NC ✦ Designated as a 501(c)(4)

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Overview

What is Crest Street Community Elderly Housing Corporation?

Crest Street Community Elderly Housing Corporation is a nonprofit organization established to manage and operate New Bethel Homes for the Elderly, a 45-unit apartment community situated in Durham, North Carolina. The corporation operates under Section 207, in compliance with Section 223(F) of the National Housing Act of 1959. They have entered into standard FHA regulatory agreements governing the community's operation and have a Housing Assistance Payment contract with HUD, providing rent assistance for low-income families. Their primary mission is to provide elderly housing and support.

Is Crest Street Community Elderly Housing Corporation legitimate?

Crest Street Community Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Crest Street Community Elderly Housing Corporation 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: $0

For more financial information, click here

What is the mission statement of Crest Street Community Elderly Housing Corporation?

The Crest Street Community Elderly Housing Corporation was established with the objective of owning and managing a 45-unit apartment community, known as New Bethel Homes for the Elderly, in an undisclosed location. The corporation operates under Section 207 and Section 223(F) of the National Housing Act of 1959, and has entered into Standard FHA regulatory agreements governing the operation of the community. A Housing Assistance Payment Contract with HUD provides rent assistance for low-income housing families residing in the community, ensuring their ability to afford housing. The corporation's mission is primarily focused on providing affordable housing solutions for the elderly.

Who is the CEO of Crest Street Community Elderly Housing Corporation?

Ronald Odom is the Vice President of Crest Street Community Elderly Housing Corporation.

What is the revenue of Crest Street Community Elderly Housing Corporation?

Crest Street Community Elderly Housing Corporation's revenue in 2022 was $418,748.

Who are the executives of Crest Street Community Elderly Housing Corporation and what are their salaries?

There 8 volunteers at Crest Street Community Elderly Housing Corporation.


Here are 8 key members and their salaries:


Mary Umstead (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Brodie (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Bright (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Torian (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reta Scarett (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald W Odom (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donzell Patterson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsie Edwards (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Crest Street Community Elderly Housing Corporation?

Crest Street Community Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Crest Street Community Elderly Housing Corporation

Crest Street Community Elderly Housing Corporation, a not-for-profit organization, was established with the mission to own and manage a 45-unit apartment community, named New Bethel Homes for the Elderly, located in Durham, North Carolina. Operating under Section 207 and adhering to Section 223(F) of the National Housing Act of 1959, the corporation entered into Standard FHA regulatory agreements governing its operations. The organization has secured a Housing Assistance Payment Contract with HUD, which provides rental assistance to low-income families living within the community. This mission of Crest Street Community Elderly Housing Corporation aims to provide affordable housing solutions and support for the elderly, ensuring they can maintain a comfortable living environment.

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Impact




October, 2024

Crest Street Community Elderly Housing Corporation significantly impacts the lives of low-income elderly residents in Durham, North Carolina, by owning and operating New Bethel Homes for the Elderly, a vital 45-unit apartment community. This initiative provides safe, affordable housing for older adults, ensuring they have a stable place to live. The organization operates under established regulatory frameworks, including the National Housing Act, which facilitates the management and upkeep of the housing complex.

The presence of a Housing Assistance Payment Contract with HUD allows for rent assistance specifically designed to support low-income families, making it feasible for them to access quality housing that they might otherwise be unable to afford. This commitment to affordable housing not only addresses the immediate needs of its residents but also fosters a sense of community and belonging among the elderly population.

Overall, Crest Street Community Elderly Housing Corporation plays a crucial role in enhancing the quality of life for seniors in Durham, allowing them to live with dignity and stability while minimizing the economic challenges associated with housing costs.




This information is meant to be a general summary of Crest Street Community Elderly Housing Corporation. 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
$418,748 (2022)
Expenses
$425,633 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $86
  • Program Service Revenue: $134,805
  • Gross Receipts: $418,748

Assets and Liabilities:

  • Total Assets: $1,021,094
  • Total Liabilities: $1,337,034
  • Net Assets: -$315,940

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Programs

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

RENTAL INCOME

Revenue

$133,594

LAUNDRY & VENDING

Revenue

$982

TENANT CHARGES

Revenue

$229

Organization Details

Founding Year

1983

Principal Officer

Ronald Odom

Main Address

2614 CREST STREET, DURHAM, NC, 27705

NTEE Category

Code: L22 - Housing

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