Overview
What is Macon Housing Development Corporation?
Macon Housing Development Corporation is a nonprofit organization established in Franklin, North Carolina. Their primary mission is to construct, own, and operate a 32-unit apartment community named Oak Forest Apartments, adhering to Section 223(F) of the National Housing Act. They have established agreements with the Federal Housing Administration section of HUD and have entered into a Housing Assistance Payment Contract (HAP Contract) with HUD, providing rental assistance for low-income families through the Section 8 program of the National Housing Act. This contract ensures affordable housing options for these families, contributing to the community's socio-economic balance.
Is Macon Housing Development Corporation legitimate?
Macon Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macon Housing Development 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.
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What is the mission statement of Macon Housing Development Corporation?
The Macon Housing Development Corporation was established with a purpose to construct, own, and manage a 32-unit apartment complex, named Oak Forest Apartments, in accordance with Section 223(F) of the National Housing Act. The corporation operates this community under standard regulatory agreements with the Federal Housing Administration section of HUD. To support low-income families, the corporation has entered into a Housing Assistance Payment Contract (HAP Contract) with HUD, which provides rental assistance through the Section 8 program of the National Housing Act. The mission of Macon Housing Development Corporation is centered around providing affordable housing options for disadvantaged families, ensuring they have access to a stable living environment.
Who is the CEO of Macon Housing Development Corporation?
Mark West is the Chairperson of Macon Housing Development Corporation.
What is the revenue of Macon Housing Development Corporation?
Macon Housing Development Corporation's revenue in 2022 was $274,863.
Who are the executives of Macon Housing Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Macon Housing Development Corporation?
Macon Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Macon Housing Development Corporation
Macon Housing Development Corporation, established with the aim of constructing, owning, and operating a 32-unit apartment community, has a mission to provide affordable housing for low-income families or individuals. This apartment complex, named Oak Forest Apartments, is located in Franklin, North Carolina, under Section 223(F) of the National Housing Act. The corporation has established regulatory agreements with the Federal Housing Administration section of HUD and has entered into a Housing Assistance Payment Contract (HAP Contract) with HUD. The HAP Contract offers rent assistance to low-income families, as part of the Section 8 program of the National Housing Act. In essence, Macon Housing Development Corporation is dedicated to creating and maintaining affordable housing options for those in need, ensuring they can have a stable living environment.
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Impact
October, 2024
Macon Housing Development Corporation significantly impacts the Franklin, North Carolina community by constructing, owning, and operating Oak Forest Apartments, a 32-unit apartment complex designed to provide affordable housing for low-income families and individuals. The corporation's initiatives include adhering to the Federal Housing Administration's regulatory agreements, ensuring that the community is managed in accordance with federal standards for quality and accessibility.
By entering into a Housing Assistance Payment (HAP) Contract with HUD through the Section 8 program, the corporation facilitates rent assistance, making housing more affordable for those in need. This support is crucial in alleviating housing insecurity and improving the quality of life for residents. The presence of Oak Forest Apartments not only provides stable housing options but also fosters a sense of community among its residents, contributing to the overall economic and social well-being of Franklin. The corporation's commitment to affordable housing addresses a critical need and plays a vital role in enhancing the community’s livability.
This information is meant to be a general summary of Macon Housing Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $78
- Program Service Revenue: $100,143
- Gross Receipts: $274,863
Assets and Liabilities:
- Total Assets: $496,331
- Total Liabilities: $1,057,458
- Net Assets: -$561,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$100,143
Organization Details
Founding Year
1985
Phone
(336) 765-0424Principal Officer
Mark West
Main Address
PO BOX 770, FRANKLIN, NC, 28734
NTEE Category
Code: L21 - Housing
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