Overview
What is Bullockmcleod Housing Inc?
Bullockmcleod Housing Inc, a North Carolina-based nonprofit corporation, was established with the mission to construct, own, and operate a 48-unit apartment community in Rocky Mount, North Carolina, named Bullock McLeod Apartments. This initiative aligns with Section 202 of the National Housing Act. The corporation has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD, ensuring the community's operation adheres to standard guidelines. Bullockmcleod Housing Inc primarily leases apartment units to low-income families or individuals, operating within the standard business practice.
Is Bullockmcleod Housing Inc legitimate?
Bullockmcleod Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bullockmcleod Housing 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:
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Other Salaries and Wages: $0
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What is the mission statement of Bullockmcleod Housing Inc?
Bullockmcleod Housing Inc, a North Carolina not-for-profit corporation, was established with the objective of constructing, owning, and operating a 48-unit apartment community. This community, known as Bullock McLeod Apartments, is located in Rocky Mount, North Carolina, and was established in accordance with Section 202 of the National Housing Act. The corporation has entered into regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the community. Bullockmcleod Housing Inc leases apartment units to low-income families or individuals in the usual course of business, providing them with affordable housing solutions.
What is the revenue of Bullockmcleod Housing Inc?
Bullockmcleod Housing Inc's revenue in 2024 was $285,772.
Who are the executives of Bullockmcleod Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Bullockmcleod Housing Inc?
Bullockmcleod Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Bullockmcleod Housing Inc
BullockMcleod Housing Inc, a North Carolina-based nonprofit corporation, was established with the mission to construct, own, and operate a 48-unit apartment community. This community, known as BullockMcleod Apartments, is located in Rocky Mount, North Carolina. The organization's mission aligns with Section 202 of the National Housing Act, aiming to provide housing for low-income families and individuals. BullockMcleod Housing Inc has entered into standard regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the community. In the ordinary course of business, the corporation leases apartment units to eligible low-income families or individuals.
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Impact
October, 2024
Bullockmcleod Housing Inc significantly impacts the Rocky Mount, North Carolina community by providing much-needed affordable housing. By constructing and operating the Bullock McLeod Apartments, which consists of 48 units, the organization addresses the housing needs of low-income families and individuals. This initiative not only enhances the quality of life for its residents but also fosters community stability and growth.
The apartments are built in accordance with the National Housing Act, ensuring compliance with established federal regulations that prioritize the welfare of residents. By leasing units to those in need, Bullockmcleod Housing Inc plays a crucial role in reducing homelessness and housing insecurity in the area. The partnership with the Federal Housing Administration further validates the organization's commitment to maintaining standards that benefit the tenants.
Overall, the organization's work promotes social equity, enabling low-income households to access safe and decent housing options, which are essential for fostering economic mobility and improving overall well-being in the community.
This information is meant to be a general summary of Bullockmcleod Housing 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 2024.
- Investment Income: $4,807
- Program Service Revenue: $124,664
- Gross Receipts: $285,772
Assets and Liabilities:
- Total Assets: $979,939
- Total Liabilities: $2,408,119
- Net Assets: -$1,428,180
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$124,664
Organization Details
Founding Year
1992
Principal Officer
Lodies J Gloston
NTEE Category
Code: L22Z - Housing
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