Overview
What is Lewis Chapel Housing Inc?
Lewis Chapel Housing Inc is a nonprofit organization established with the purpose of managing a 47-unit apartment complex located in Fayetteville, North Carolina. The organization was founded under Section 202 of the National Housing Act and operates under the supervision of the Federal Housing Administration (FHA) section of HUD. The community receives financial aid through a Project Rental Assistance Contract (PRAC), which provides rental assistance for low-income families as part of the Section 8 program of the National Housing Act. The nonprofit's primary mission is to provide affordable housing options in the community.
Is Lewis Chapel Housing Inc legitimate?
Lewis Chapel Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis Chapel 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.
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What is the mission statement of Lewis Chapel Housing Inc?
Lewis Chapel Housing Inc. was established as a non-profit corporation with the objective of managing a 47-unit apartment community. This community is located in Fayetteville, North Carolina, and operates under Section 202 of the National Housing Act, amended. The organization has entered into standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD, which govern its operations. A Project Rental Assistance Contract (PRAC) is in place, provided by the Section 8 program of the National Housing Act, to offer rental assistance to low-income families or individuals. In essence, Lewis Chapel Housing Inc.'s mission is to provide affordable housing options for those in need, assisted by the Section 8 program.
Who is the CEO of Lewis Chapel Housing Inc?
Mickle Mitchell is the President of Lewis Chapel Housing Inc.
What is the revenue of Lewis Chapel Housing Inc?
Lewis Chapel Housing Inc's revenue in 2023 was $261,282.
Who are the executives of Lewis Chapel Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lewis Chapel Housing Inc?
Lewis Chapel Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lewis Chapel Housing Inc
Lewis Chapel Housing Inc, a non-profit corporation, was established with the mission to own and manage a 47-unit apartment community. The organization was founded under Section 202 of the National Housing Act and entered into standard regulatory agreements with the Federal Housing Administration section of HUD. The primary objective of Lewis Chapel Housing Inc is to provide rent assistance for low-income families or individuals, as stipulated by the Section 8 program of the National Housing Act. The assistance is facilitated through a Project Rental Assistance Contract (PRAC), which is an integral part of their operations. The mission of Lewis Chapel Housing Inc is to ensure that affordable housing is accessible to those who require it, thereby contributing to the well-being and stability of the community.
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Impact
October, 2024
Lewis Chapel Housing Inc significantly enhances the living conditions of the Fayetteville, North Carolina community by providing a 47-unit apartment complex specifically designed for low-income families and individuals. This initiative not only addresses the affordable housing crisis in the area but also fosters stability and security for its residents.
Through its commitment to the standards set forth by the federal housing programs, Lewis Chapel Housing Inc ensures that its operations reflect compliance with federal regulations, contributing to a well-managed and safe living environment. The Project Rental Assistance Contract (PRAC) facilitates rent assistance under the Section 8 program, enabling residents to secure housing that they might otherwise be unable to afford. This assistance empowers families to allocate resources more effectively, promoting overall economic stability.
Moreover, the presence of this housing community serves to strengthen social ties within Fayetteville by creating a supportive environment where residents can connect with one another. By prioritizing affordable housing, Lewis Chapel Housing Inc plays a vital role in enhancing the quality of life for its residents, fostering a sense of community, and alleviating some of the pressures related to housing insecurity.
This information is meant to be a general summary of Lewis Chapel 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 2023.
- Investment Income: $975
- Program Service Revenue: $123,882
- Gross Receipts: $265,477
Assets and Liabilities:
- Total Assets: $1,327,448
- Total Liabilities: $2,640,365
- Net Assets: -$1,312,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$123,882
Organization Details
Founding Year
1996
Phone
(919) 832-1814Principal Officer
Mickle Mitchell
Main Address
5422 RAEFORD RD, FAYETTEVILLE, NC, 28304
NTEE Category
Code: L210 - Housing
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