Overview
What is Independent Apartments Inc?
Independent Apartments Inc, located in Germantown, Tennessee, is a nonprofit organization that specializes in providing subsidized housing for individuals with mobility impairments. With a team of three dedicated individuals, this organization owns and operates a 24-unit housing project in accordance with HUD regulations. Their primary goal is to ensure that individuals with mobility challenges have access to suitable housing, contributing positively to their overall quality of life.
Is Independent Apartments Inc legitimate?
Independent Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Apartments 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: $14,073
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What is the mission statement of Independent Apartments Inc?
Independent Apartments Inc, as an organization, is committed to providing subsidized housing for individuals with mobility impairments. Their primary mission is to own and operate a 24-unit housing project specifically designed for this population. This project is governed by a regulatory agreement with the Housing and Urban Development (HUD). The aim of Independent Apartments Inc is to offer a living environment that caters to the unique needs of mobility-impaired individuals, thereby promoting their independence and well-being.
Who is the CEO of Independent Apartments Inc?
Andrew Forsdick is the Chairman of Independent Apartments Inc.
What is the revenue of Independent Apartments Inc?
Independent Apartments Inc's revenue in 2023 was $335,558.
Who are the executives of Independent Apartments Inc and what are their salaries?
The average compensation at Independent Apartments Inc during 2023 was $4,691. There are 3 employees at Independent Apartments Inc.
Here are 4 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
Where can I find the form 990 for Independent Apartments Inc?
Independent Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independent Apartments Inc
Independent Apartments Inc, as a nonprofit organization, is committed to providing subsidized housing for individuals with mobility impairments. Their primary mission is to own and operate a 24-unit housing project specifically designed for this population. This project is regulated under a Housing and Urban Development (HUD) regulatory agreement, ensuring that the necessary standards and accommodations are in place to cater to the unique needs of its residents. By providing subsidized housing, Independent Apartments Inc aims to contribute to the well-being and independence of mobility-impaired individuals, enabling them to live with dignity and comfort.
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Impact
October, 2024
Independent Apartments Inc plays a vital role in enhancing the quality of life for individuals with mobility impairments by providing subsidized housing options. The organization operates a 24-unit housing project in Germantown, TN, specifically designed to meet the needs of those with physical disabilities. This initiative not only offers safe and accessible living environments but also fosters a sense of community among residents.
By adhering to a regulatory agreement established by the Department of Housing and Urban Development (HUD), Independent Apartments Inc ensures that their housing remains affordable and meets necessary standards for accessibility. This commitment helps to eliminate barriers that often prevent individuals with mobility challenges from finding suitable places to live.
Overall, the impact of Independent Apartments Inc extends beyond just housing; it contributes to empowering residents, promoting independence, and enhancing overall well-being within the community.
This information is meant to be a general summary of Independent Apartments 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 2023.
- Investment Income: $1,909
- Program Service Revenue: $287,054
- Gross Receipts: $335,558
Assets and Liabilities:
- Total Assets: $583,738
- Total Liabilities: $964,634
- Net Assets: -$380,896
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$204,747
TENANT RENTS
Revenue
$79,532
LAUNDRY, VENDING, MISC.
Revenue
$2,775
Organization Details
Phone
(901) 759-1855Principal Officer
Andrew Forsdick
Main Address
2171 JUDICIAL DRIVE SUITE 200, GERMANTOWN, TN, 38138
NTEE Category
Code: L20 - Housing
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