Overview
What is Shepherd Housing Inc?
Shepherd Housing Inc is a nonprofit organization, established under North Carolina's laws, with a mission to construct and manage affordable housing for individuals with disabilities. The project, known as Shepherd House, is funded by the U.S. Department of Housing and Urban Development (HUD) and comprises 20 housing units in Greensboro, North Carolina. Regulated by HUD, the project offers rental units at subsidized rates to very low-income adults with disabilities. A significant portion of the income is received via a Section 8 Project Assistance Contract (PAC) from HUD. The organization's primary program is the Section 8 rent subsidy, which aids in providing affordable housing to those in need. The project secured financing through a HUD-insured loan under Section 207, as per Section 223(F) of the National Housing Act.
Is Shepherd Housing Inc legitimate?
Shepherd Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shepherd Housing 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 Shepherd Housing Inc?
Shepherd Housing Inc was established as a non-profit organization under North Carolina state laws, with the primary objective of constructing and managing a rental housing project. This project falls under Section 202 of the National Housing Act. In April 2006, the project refinanced its HUD Section 202 loan, securing mortgage insurance under Section 223(F) of the National Housing Act. The project consists of 20 HUD-assisted housing units and provides accommodations to very low-income adults with disabilities, with a significant portion of its rental income coming from HUD under a Section 8 Project Assistance Contract (PAC). The project's non-major program is its Section 8 rent subsidy, and its financing was provided by a HUD-insured loan under Section 207, also covered by Section 223(F) of the National Housing Act. The project is regulated by HUD in terms of rent charges and operating methods.
Who is the CEO of Shepherd Housing Inc?
Martha Stewart is the Board Member of Shepherd Housing Inc.
What is the revenue of Shepherd Housing Inc?
Shepherd Housing Inc's revenue in 2022 was $239,758.
Who are the executives of Shepherd Housing Inc 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 Shepherd Housing Inc?
Shepherd Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shepherd Housing Inc
Shepherd Housing Inc was established as a non-profit corporation under North Carolina's state laws with a primary objective of constructing and managing a rental housing project. This project was designed to cater to adults with disabilities who fall under the category of very low-income. In April 2006, the project refinanced its HUD Section 202 loan with another one insured by the HUD under Section 223(F) of the National Housing Act. The project, currently operating as Shepherd House, consists of 20 HUD-assisted housing units.
The mission of Shepherd Housing Inc is regulated by HUD, overseeing rent charges and operating methods. Occupancy is restricted to the aforementioned group of individuals. Shepherd Housing Inc receives a significant portion of its rental income from HUD under a Section 8 Project Assistance Contract (PAC). The project's nonmajor program is its Section 8 rent subsidy. The financing for this project was provided by a HUD-insured loan under Section 207, in accordance with Section 223(F) of the National Housing Act. The mortgage for Shepherd House is also covered by this act.
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Impact
October, 2024
Shepherd Housing Inc plays a crucial role in providing affordable housing solutions for individuals facing significant challenges. Located in Greensboro, North Carolina, the organization operates a rental housing project known as Shepherd House, which includes 20 HUD-assisted housing units specifically designed for very low-income adults with disabilities.
By adhering to the standards set by HUD, Shepherd Housing ensures that rent charges remain manageable for its residents, fostering a stable living environment in which they can thrive. The financial structure of the project relies heavily on federal support, including a Section 8 Project Assistance Contract (PAC) that provides vital rental income, allowing residents access to safe and decent housing.
The impact of Shepherd Housing extends beyond mere housing provisions. It not only addresses the immediate need for affordable housing but also promotes a sense of community and support for individuals who may otherwise face barriers to comfortable living conditions. This targeted assistance contributes to improved quality of life, allowing residents to focus on their personal growth and wellbeing. In essence, Shepherd Housing Inc serves as a lifeline for a vulnerable population, offering them the opportunity to lead fulfilling lives in a supportive environment.
This information is meant to be a general summary of Shepherd Housing 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: $45
- Program Service Revenue: $239,713
- Gross Receipts: $239,758
Assets and Liabilities:
- Total Assets: $606,931
- Total Liabilities: $828,142
- Net Assets: -$221,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENTS GREENSBORO NC
Revenue
$239,713
Organization Details
Phone
(336) 545-9000Principal Officer
Martha Stewart
Main Address
C/O BEACON MGT 408 BATTLEGROUND AVE, GREENSBORO, NC, 27401
NTEE Category
Code: P82Z - Human services
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