Overview
What is Aspen Homes For Elderly Inc?
Aspen Homes For Elderly Inc, located in Morristown, Tennessee, is a nonprofit organization primarily dedicated to providing affordable housing for low-income elderly and handicapped individuals. Regulated by the U.S. Department of Housing and Urban Development (HUD), the organization operates under Section 202 of the National Housing Act, managing a complex with 41 rental units. Their mission is to ensure that elderly and disabled individuals have access to secure and comfortable living spaces, contributing to their overall well-being. The organization's name, Aspen Homes For Elderly Inc, is also used as the business name for Auburn Hills Apartments, emphasizing their commitment to housing provision.
Is Aspen Homes For Elderly Inc legitimate?
Aspen Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspen Homes For Elderly 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.
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What is the mission statement of Aspen Homes For Elderly Inc?
Aspen Homes For Elderly Inc's mission is centered around providing housing for individuals who are elderly or handicapped and fall under the low-income bracket. This is accomplished under Section 202 of the National Housing Act. The organization's primary objective is to offer suitable living spaces for this specific group of tenants, adhering to regulations set by the Department of Housing and Urban Development (HUD) in terms of rental charges and operational methods. Currently, Aspen Homes For Elderly Inc manages 41 rental units within its complex.
Who is the CEO of Aspen Homes For Elderly Inc?
Kay Hale is the President of Aspen Homes For Elderly Inc.
What is the revenue of Aspen Homes For Elderly Inc?
Aspen Homes For Elderly Inc's revenue in 2023 was $247,521.
Who are the executives of Aspen Homes For Elderly Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Aspen Homes For Elderly Inc?
Aspen Homes For Elderly Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Aspen Homes For Elderly Inc
Aspen Homes for Elderly Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly and handicapped individuals. In line with its mission, the organization operates under Section 202 of the National Housing Act. This act serves as a guiding principle, enabling Aspen Homes to offer secure living spaces to those in need. The nonprofit is regulated by the HUD, ensuring that rent charges and operational methods adhere to stringent standards. Currently, Aspen Homes for Elderly Inc manages 41 rental units, offering a safe and supportive living environment for its tenants. The organization's primary focus is to provide comfortable and affordable housing, contributing to the well-being of the elderly and handicapped community.
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Impact
October, 2024
Aspen Homes For Elderly Inc significantly impacts the community by providing essential low-income housing for elderly and handicapped individuals. With 41 rental units in Morristown, TN, it offers a safe and supportive living environment tailored for those who might otherwise struggle to find affordable accommodations. By operating under Section 202 of the National Housing Act and adhering to HUD regulations regarding rent and operations, Aspen Homes ensures that residents have access to stable housing while promoting their dignity and independence. This initiative not only addresses the critical need for affordable housing but also fosters a sense of community among tenants, enhancing their quality of life.
This information is meant to be a general summary of Aspen Homes For Elderly 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: $21
- Program Service Revenue: $151,852
- Gross Receipts: $247,521
Assets and Liabilities:
- Total Assets: $850,900
- Total Liabilities: $1,803,104
- Net Assets: -$952,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$149,663
LAUNDRY & VENDING INCO
Revenue
$1,912
TENANT CHARGES
Revenue
$277
Organization Details
Founding Year
1992
Phone
(423) 587-4500Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L22Z - Housing
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