Overview
What is Brad Hoxie Area Development Inc?
Brad Hoxie Area Development Inc is a nonprofit organization situated in Pocahontas, Arkansas. Their primary focus is on constructing and operating an apartment complex comprising 20 units, located in Hoxie, Arkansas. This project falls under Section 202 of the National Housing Act, and is regulated by the Department of Housing and Urban Development in terms of rent charges and operational methods. Their activities primarily involve expenditures related to project operations and corporate purposes, which are classified as program services.
Is Brad Hoxie Area Development Inc legitimate?
Brad Hoxie Area Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brad Hoxie Area 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: $10,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,337
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What is the mission statement of Brad Hoxie Area Development Inc?
Brad Hoxie Area Development Inc was established with the purpose of constructing and managing an apartment complex consisting of 20 units. This project operates under Section 202 of the National Housing Act and is subject to regulation by the Department of Housing and Urban Development, specifically regarding rental charges and operating methods. The organization's activities involve managing the project's operations and making expenditures related to these activities, as well as spending for corporate purposes. These expenditures are considered program services. In summary, Brad Hoxie Area Development Inc was formed to provide affordable housing and is regulated by the Department of Housing and Urban Development, with a focus on managing the apartment complex and providing necessary services.
Who is the CEO of Brad Hoxie Area Development Inc?
Fred Martin is the President of Brad Hoxie Area Development Inc.
What is the revenue of Brad Hoxie Area Development Inc?
Brad Hoxie Area Development Inc's revenue in 2022 was $276,429.
Who are the executives of Brad Hoxie Area Development Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $104,555
- Other: $0
- Compensation: $0
- Related: $53,527
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Brad Hoxie Area Development Inc?
Brad Hoxie Area Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brad Hoxie Area Development Inc
Brad Hoxie Area Development Inc was established with a mission to construct and manage an apartment complex comprising 20 units. This project is overseen under Section 202 of the National Housing Act, ensuring that rent charges and operating methods are regulated by the Department of Housing and Urban Development. The organization's activities extend beyond the operation of the apartment complex, as expenditures related to project operations and corporate purposes are considered as program services. In essence, Brad Hoxie Area Development Inc is dedicated to providing affordable housing while adhering to regulatory guidelines, aiming to contribute positively to the community it serves.
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Impact
October, 2024
Brad Hoxie Area Development Inc has made a significant impact by addressing housing needs in Hoxie, Arkansas. The organization developed a 20-unit apartment complex, providing safe and affordable housing options for residents. This initiative is particularly important as it aligns with Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development, ensuring that rent charges and operating methods meet necessary standards.
By focusing on affordable housing, Brad Hoxie Area Development Inc supports community stability and enhances the quality of life for its residents. The project's strategic operation not only fulfills immediate housing needs but also contributes to the economic and social fabric of the area by creating a supportive living environment. This development serves as a vital resource, promoting inclusivity and accessibility in housing for the local population.
This information is meant to be a general summary of Brad Hoxie Area 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: $36
- Program Service Revenue: $76,138
- Gross Receipts: $276,429
Assets and Liabilities:
- Total Assets: $577,833
- Total Liabilities: $254,122
- Net Assets: $323,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$76,138
Organization Details
Founding Year
1987
Phone
(870) 892-4547Principal Officer
Fred Martin
Main Address
1403 HOSPITAL DRIVE, POCAHONTAS, AR, 72455
NTEE Category
Code: L21Z - Housing
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