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Mountain Place Inc

Mountain Place Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 582024187 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

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Overview

What is Mountain Place Inc?

Mountain Place Inc, located in Winston-Salem, North Carolina, is a dedicated nonprofit organization. Their primary focus is to cater to the needs of low-income elderly and handicapped individuals by operating a 24-unit apartment complex, in accordance with Section 202 of the U.S. Housing Act of 1959. By doing so, they aim to provide a suitable living environment for this specific demographic. The organization's mission extends beyond just housing, as it strives to develop and manage this 24-unit facility, ensuring it serves as a comfortable and supportive residence for its residents.


Official website here: www.nchsm.org

Is Mountain Place Inc legitimate?

Mountain Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Place 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: $0

For more financial information, click here


Official website here: www.nchsm.org

What is the mission statement of Mountain Place Inc?

Mountain Place Inc's mission is centered around providing housing solutions for a specific demographic. Specifically, the organization operates a 24-unit apartment complex catering to the elderly and individuals with disabilities, in adherence to Section 202 of the National Housing Act. Their mission can be summarized as developing and managing this complex, providing a safe and affordable living space for those in need. Mountain Place Inc's activities aim to improve the quality of life for low-income elderly individuals, offering them a supportive community and essential housing services.


Official website here: www.nchsm.org

Who is the CEO of Mountain Place Inc?

Tammy Vernon is the Secretary of Mountain Place Inc.


Official website here: www.nchsm.org

What is the revenue of Mountain Place Inc?

Mountain Place Inc's revenue in 2022 was $166,847.


Official website here: www.nchsm.org

Who are the executives of Mountain Place Inc and what are their salaries?

There 4 volunteers at Mountain Place Inc.


Here are 4 key members and their salaries:


Mallory Oates (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Merritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Peatross (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Vernon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nchsm.org

Where can I find the form 990 for Mountain Place Inc?

Mountain Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nchsm.org

Learn more at the official website: www.nchsm.org

Mission Statement of Mountain Place Inc

Mountain Place Inc, as a nonprofit organization, is dedicated to developing and managing a 24-unit apartment complex specifically catering to the needs of the low-income elderly and handicapped individuals. Under the auspices of Section 202 of the National Housing Act, this facility provides a secure and comfortable living environment for its residents. Mountain Place Inc's mission is to create a nurturing community where elderly individuals can thrive, offering them the essential amenities and support they require to maintain their independence and dignity. By operating this 24-unit Section 202 apartment complex, Mountain Place Inc is making a significant contribution to the well-being of the elderly population, ensuring they have access to affordable housing and essential services.

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Impact




October, 2024

Mountain Place Inc operates a 24-unit apartment facility designed specifically for low-income elderly and handicapped individuals in Winston-Salem, NC. By providing affordable housing options under Section 202 of the National Housing Act, Mountain Place Inc significantly enhances the quality of life for its residents. The facility addresses a critical need for accessible housing, fostering community and security among vulnerable populations. Its emphasis on creating a supportive environment not only helps individuals maintain their independence but also contributes to the overall well-being of the elderly community in the region. This initiative plays a vital role in addressing housing disparity, ensuring that senior citizens have access to safe and affordable living arrangements.




This information is meant to be a general summary of Mountain Place 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.

Revenue
$166,847 (2022)
Expenses
$199,063 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11
  • Program Service Revenue: $75,708
  • Gross Receipts: $166,847

Assets and Liabilities:

  • Total Assets: $554,623
  • Total Liabilities: $29,283
  • Net Assets: $525,340

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT RENTAL PAYMENTS

Revenue

$75,548

LAUNDRY AND VENDING

Revenue

$160

Organization Details

Founding Year

1992

Principal Officer

Tammy Vernon

Main Address

2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127

NTEE Category

Code: L22Z - Housing

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