Overview
What is St Mary's Housing Ii Corp?
St. Mary's Housing II Corp is a nonprofit organization established in Wilmington, North Carolina. Its primary objective is to manage and operate Hadden Hall II Apartments, a 40-unit housing community. The organization operates under Section 202 of the National Housing Act and has entered into regulatory agreements with the Federal Housing Administration (FHA) section of HUD. A Project Rental Assistance Contract (PRAC) with HUD provides rent assistance for low-income families or individuals residing in the apartments. The organization's mission is to provide affordable housing options and support for these families, contributing to the overall housing landscape in Wilmington, North Carolina.
Is St Mary's Housing Ii Corp legitimate?
St Mary's Housing Ii Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Mary's Housing Ii Corp 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 St Mary's Housing Ii Corp?
St. Mary's Housing II Corp was established with the purpose of managing a 40-unit apartment community, named Hadden Hall II Apartments, in Wilmington, North Carolina. The corporation operates under Section 202 of the National Housing Act and has a contractual agreement with the Federal Housing Administration (FHA) of HUD, which regulates its operations. A Project Rental Assistance Contract (PRAC) with HUD provides financial aid to assist low-income families or individuals residing in this community. In essence, St. Mary's Housing II Corp's mission is to provide affordable housing solutions and rental assistance for those in need.
Who is the CEO of St Mary's Housing Ii Corp?
Donn Garvey Jr is the President of St Mary's Housing Ii Corp.
What is the revenue of St Mary's Housing Ii Corp?
St Mary's Housing Ii Corp's revenue in 2023 was $275,663.
Who are the executives of St Mary's Housing Ii Corp and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for St Mary's Housing Ii Corp?
St Mary's Housing Ii Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Mary's Housing Ii Corp
St. Mary's Housing II Corp, a not-for-profit organization, was established with a mission to own and manage a 40-unit apartment community named Hadden Hall II Apartments. This mission was carried out in compliance with Section 202 of the National Housing Act, which was amended at the time of establishment. The corporation entered into standard regulatory agreements with the Federal Housing Administration section of HUD, governing the operation of the community. To further support its mission, St. Mary's Housing II Corp secured a Project Rental Assistance Contract (PRAC) with HUD. This contract provides rent assistance for low-income families or individuals, ensuring that the community remains accessible and affordable for those who need it most. The organization's mission, therefore, is to provide affordable housing and rental assistance, aiming to support low-income families and individuals in need.
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Impact
October, 2024
St Mary's Housing II Corp operates Hadden Hall II Apartments in Wilmington, North Carolina, providing vital housing support for low-income families and individuals. By managing a 40-unit apartment community, the organization ensures that residents have access to affordable housing options. The impact of this initiative is significant, as it helps alleviate the challenges faced by those in need of stable housing.
Through the Project Rental Assistance Contract (PRAC) with HUD, the corporation offers rent assistance, making it feasible for low-income households to live in safe and decent conditions. The operation is governed by regulations that ensure the quality and sustainability of the housing provided. This not only enhances the living standards of its residents but also contributes to the overall well-being of the community in Wilmington, fostering stability and a sense of belonging among individuals and families who might otherwise struggle to find affordable housing.
This information is meant to be a general summary of St Mary's Housing Ii Corp. 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: $151
- Program Service Revenue: $135,050
- Gross Receipts: $275,663
Assets and Liabilities:
- Total Assets: $944,331
- Total Liabilities: $2,197,171
- Net Assets: -$1,252,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$135,050
Organization Details
Founding Year
1993
Phone
(336) 765-0424Principal Officer
Donn Garvey Jr
Main Address
412 ANN STREET, WILMINGTON, NC, 28401
NTEE Category
Code: X21Z - Religion related
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