Overview
What is Volunteer Residences-One Inc?
Volunteer Residences-One Inc, based in Morristown, Tennessee, is a nonprofit organization dedicated to providing housing for low-income elderly and handicapped individuals. They operate under Section 202 of the National Housing Act and are regulated by HUD, ensuring reasonable rent charges and operating methods. Their complex houses 30 rental units, offering a home for those in need. The mission of Volunteer Residences-One Inc is to provide a living space for the elderly and handicapped community, helping to maintain their independence and dignity. Their facility, known as Cherry Hill Apartments, is a testament to their commitment to serving this vulnerable population.
Is Volunteer Residences-One Inc legitimate?
Volunteer Residences-One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Volunteer Residences-One 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 Volunteer Residences-One Inc?
Volunteer Residences-One Inc is committed to providing housing for low-income elderly and handicapped individuals. This mission is in line with Section 202 of the National Housing Act. Their primary objective is to ensure that these vulnerable groups have a place to call home. The housing complex, regulated by the U.S. Department of Housing and Urban Development (HUD), offers rent-controlled units and follows specific operating methods. With 30 rental units in total, Volunteer Residences-One Inc plays a significant role in providing a stable living environment for these individuals.
Who is the CEO of Volunteer Residences-One Inc?
Kay Hale is the President of Volunteer Residences-One Inc.
What is the revenue of Volunteer Residences-One Inc?
Volunteer Residences-One Inc's revenue in 2022 was $149,274.
Who are the executives of Volunteer Residences-One Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Volunteer Residences-One Inc?
Volunteer Residences-One Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Volunteer Residences-One Inc
Volunteer Residences-One Inc, a nonprofit organization, is dedicated to providing housing solutions for low-income elderly and handicapped individuals. They operate under Section 202 of the National Housing Act, a regulatory framework set by the HUD, which governs the rental charges and operating methods of the complex. With 30 rental units available, Volunteer Residences-One Inc offers a home for those who may be financially or physically challenged, providing them with a secure living environment. The organization's mission is to ensure that these vulnerable individuals have access to suitable housing, enabling them to live with dignity and independence.
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Impact
October, 2024
Volunteer Residences-One Inc significantly impacts the Morristown community by providing essential low-income housing specifically designed for elderly and handicapped tenants. By offering 30 rental units governed under Section 202 of the National Housing Act, it ensures that vulnerable populations have access to safe and affordable housing options. The organization plays a critical role in enhancing the quality of life for its residents, helping them maintain their independence while fostering a supportive living environment. Through regulated rent charges and operating methods set by HUD, Volunteer Residences-One Inc not only addresses immediate housing needs but also contributes to the stability and well-being of its tenants, promoting a sense of community and belonging among individuals who might otherwise struggle to secure adequate housing.
This information is meant to be a general summary of Volunteer Residences-One 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: $3
- Program Service Revenue: $101,202
- Gross Receipts: $149,274
Assets and Liabilities:
- Total Assets: $592,088
- Total Liabilities: $1,456,077
- Net Assets: -$863,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$100,032
LAUNDRY & VENDING INCO
Revenue
$688
TENANT CHARGES
Revenue
$482
Organization Details
Founding Year
1983
Phone
(423) 587-4500Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 37816
NTEE Category
Code: L99Z - Housing
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