Overview
What is Aldersgate Ii Inc?
Aldersgate II Inc, a nonprofit organization based in Greensboro, North Carolina, focuses on providing affordable housing for senior citizens. Operating under Section 202 of the National Housing Act, the organization manages a 40-unit apartment complex in the area. Regulated by the U.S. Department of Housing and Urban Development (HUD), the project's rental rates and operations adhere to HUD's guidelines. A significant portion of the project's rental income is derived from HUD's Housing Assistance Payments contract, demonstrating the organization's commitment to assisting senior citizens with affordable housing needs.
Is Aldersgate Ii Inc legitimate?
Aldersgate Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aldersgate Ii 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 Aldersgate Ii Inc?
Aldersgate II Inc is dedicated to providing affordable housing for senior citizens. This mission is carried out through the operation of a 40-unit apartment complex in an unspecified location. The project falls under Section 202 of the National Housing Act and is regulated by the United States Department of Housing and Urban Development (HUD), influencing rental rates and operational methods. Furthermore, the project receives a significant portion of its rental income from a Housing Assistance Payments contract with HUD.
Who is the CEO of Aldersgate Ii Inc?
Larry Proctor is the Chairman of Aldersgate Ii Inc.
What is the revenue of Aldersgate Ii Inc?
Aldersgate Ii Inc's revenue in 2022 was $367,497.
Who are the executives of Aldersgate Ii Inc and what are their salaries?
There 8 volunteers at Aldersgate Ii Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Aldersgate Ii Inc?
Aldersgate Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aldersgate Ii Inc
Aldersgate II Inc, a nonprofit organization, is committed to providing affordable housing solutions for senior citizens. Their mission is centered around this objective, aiming to make living arrangements more accessible for the elderly population in their community. To achieve this, Aldersgate II Inc operates a 40-unit apartment complex specifically designed for the elderly. This project falls under Section 202 of the National Housing Act, with regulations and rental rate guidelines provided by the United States Department of Housing and Urban Development (HUD). Furthermore, a significant portion of the project's rental income is derived from a HUD Housing Assistance Payments contract. In essence, Aldersgate II Inc is dedicated to improving the living conditions for senior citizens by offering affordable housing options.
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Impact
October, 2024
Aldersgate II, Inc. plays a vital role in the Greensboro, NC community by providing affordable housing specifically designed for senior citizens. By operating a 40-unit apartment complex, it addresses a critical need for accessible living arrangements for the elderly population. The project is regulated under Section 202 of the National Housing Act, ensuring that the rental rates remain affordable and that the operating methods are compliant with federal guidelines set by the U.S. Department of Housing and Urban Development (HUD).
This initiative not only enhances the quality of life for seniors by providing safe and stable housing but also contributes to the overall well-being of the community by allowing older adults to maintain their independence. The inclusion of housing assistance payments from HUD further emphasizes its commitment to affordability, ensuring that residents can access necessary support without excessive financial burden. As a result, Aldersgate II, Inc. has a significant positive impact on the lives of seniors in the Greensboro area, fostering a supportive environment that promotes dignity and community engagement among its residents.
This information is meant to be a general summary of Aldersgate Ii 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: $511
- Program Service Revenue: $115,796
- Gross Receipts: $367,497
Assets and Liabilities:
- Total Assets: $2,435,314
- Total Liabilities: $2,116,781
- Net Assets: $318,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$115,796
Organization Details
Founding Year
1984
Phone
(336) 544-2300Principal Officer
Larry Proctor
Main Address
2608 MERRITT DRIVE, GREENSBORO, NC, 27407
NTEE Category
Code: L22Z - Housing
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