Overview
What is Sterling Grove Housing Development Inc?
Sterling Grove Housing Development Inc is a nonprofit organization situated in Lafayette, Louisiana. Its primary mission is to provide affordable housing for eligible low-income and disabled individuals, operating a 36-unit multi-family housing complex. Regulated by the U.S. Department of Housing and Urban Development, the complex falls under Section 202 and Section 8 of the National Housing Act. Throughout the year, all but 12 units were occupied, with the vacant units being empty for only a month each. The organization's commitment is to ensure that disabled and low-income individuals have access to a secure living space.
Is Sterling Grove Housing Development Inc legitimate?
Sterling Grove Housing Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sterling Grove Housing Development 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: $0
For more financial information, click here
What is the mission statement of Sterling Grove Housing Development Inc?
Sterling Grove Housing Development Inc is dedicated to providing housing solutions for disabled individuals and eligible low-income persons. They accomplish this by managing a multi-family housing complex under Section 202 and Section 8 of the National Housing Act, which is overseen by the U.S. Department of Housing and Urban Development. Their mission is to offer government-assisted housing, ensuring that eligible tenants have a stable living environment. During the year, 35 out of 36 units were occupied, with only 12 vacancies for a short period. The organization's primary focus is on making housing accessible and affordable for those who need it most, promoting a sense of community and stability for its residents.
Who is the CEO of Sterling Grove Housing Development Inc?
Russell Castille is the President of Sterling Grove Housing Development Inc.
What is the revenue of Sterling Grove Housing Development Inc?
Sterling Grove Housing Development Inc's revenue in 2022 was $306,716.
Who are the executives of Sterling Grove Housing Development Inc and what are their salaries?
There 4 volunteers at Sterling Grove Housing Development Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Sterling Grove Housing Development Inc?
Sterling Grove Housing Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sterling Grove Housing Development Inc
Sterling Grove Housing Development Inc is dedicated to providing housing solutions for disabled and low-income individuals. Operating under Section 202 and Section 8 of the National Housing Act, regulated by the U.S. Department of Housing and Urban Development, this nonprofit organization manages a multi-family housing complex. Their mission is to offer affordable and accessible living spaces for eligible individuals, contributing significantly to their overall well-being. By operating a 36-unit complex, Sterling Grove Housing Development Inc provides a home for those in need, ensuring that all units are occupied throughout the year, with only occasional vacancies for brief periods. This commitment to housing and support for the disabled and low-income community is the heart of Sterling Grove Housing Development Inc's mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sterling Grove Housing Development Inc significantly enhances community welfare by providing stable housing solutions for disabled and eligible low-income individuals. Located in Lafayette, LA, it operates a 36-unit multi-family housing complex that adheres to the regulations of the National Housing Act under Section 202 and Section 8. This initiative ensures that vulnerable populations have access to affordable housing options.
The organization plays a crucial role in alleviating housing shortages for disabled individuals and those in need, maintaining high occupancy rates throughout the year. The consistent occupancy of the units underscores the demand for such housing solutions and the impact of Sterling Grove in meeting this need. By facilitating a supportive living environment, it contributes positively to the quality of life for its residents, allowing them to thrive in a community that respects their dignity and fosters independence.
This information is meant to be a general summary of Sterling Grove Housing Development 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: $303
- Program Service Revenue: $306,413
- Gross Receipts: $306,716
Assets and Liabilities:
- Total Assets: $1,093,541
- Total Liabilities: $1,399,830
- Net Assets: -$306,289
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENTS
Revenue
$306,413
Organization Details
Founding Year
1985
Phone
(337) 988-0340Principal Officer
Russell Castille
Main Address
110 STATESMAN DRIVE, LAFAYETTE, LA, 70506
NTEE Category
Code: L21 - Housing
If you are a representative of Sterling Grove Housing Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.