Overview
What is Forest Hills Village Inc?
Forest Hills Village Inc, a public project corporation established by the City of Paducah, Kentucky, manages a housing project solely owned by the city. The corporation was formed in 1968 following the sale of General Obligation Bonds, with the proceeds used to acquire the "Forest Hills Housing Project" from the Federal Housing Administration (FHA). The city then leased the properties to this corporation, which is now responsible for managing 487 housing units on behalf of Paducah, Kentucky. The corporation's primary mission is to operate and maintain this housing project, providing affordable living solutions for the city's residents. With a workforce of 15 dedicated individuals, Forest Hills Village Inc plays a crucial role in meeting the housing needs of the community.
Is Forest Hills Village Inc legitimate?
Forest Hills Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Hills Village 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: $81,387
Professional Fundraising Fees: $0
Other Salaries and Wages: $702,581
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What is the mission statement of Forest Hills Village Inc?
Forest Hills Village Inc, a public project corporation, is established with the primary mission to manage a housing project. This mission extends beyond just operating the housing project; it is specifically aimed at serving a city, in this case, Paducah, Kentucky. The corporation was established after the city sold bonds to purchase the "Forest Hills Housing Project" from the Federal Housing Administration (FHA). Subsequently, the city leased the properties to Forest Hills Village Inc, which now manages a total of 487 housing units for the city. The organization's role is essential in providing residential accommodation within the city's jurisdiction.
Who is the CEO of Forest Hills Village Inc?
Lorie Knight is the Vice-President of Forest Hills Village Inc.
What is the revenue of Forest Hills Village Inc?
Forest Hills Village Inc's revenue in 2023 was $2,072,920.
Who are the executives of Forest Hills Village Inc and what are their salaries?
The average compensation at Forest Hills Village Inc during 2023 was $52,265. There are 15 employees at Forest Hills Village Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Forest Hills Village Inc?
Forest Hills Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Forest Hills Village Inc
Forest Hills Village Inc, a public project corporation, is dedicated to operating a housing project. Established by the City of Paducah, Kentucky, the organization's primary mission is to manage and maintain a housing project solely owned by the city. This project, known as Forest Hills Housing, was acquired by the city in 1968 using proceeds from General Obligation Bonds. The city subsequently established Forest Hills Village Inc and leased the properties to this corporation. The corporation is now responsible for managing 487 housing units on behalf of the City of Paducah, ensuring the provision of comfortable and secure living spaces for its residents.
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Impact
October, 2024
Forest Hills Village Inc has a significant impact on the community of Paducah, Kentucky, by providing essential housing solutions. By managing 487 housing units, the organization addresses the local need for affordable and accessible housing options. Established with public support, Forest Hills Village Inc plays a crucial role in maintaining and operating a key housing project that is entirely owned by the city, demonstrating a commitment to community welfare.
The operation of this housing project not only ensures that residents have safe and stable living conditions but also supports the local economy by contributing to the overall vitality of the neighborhood. The management of these housing units fosters a sense of community and stability among residents, enhancing their quality of life. Forest Hills Village's efforts in providing housing help alleviate some pressures of housing insecurity, making it a vital resource in Paducah.
This information is meant to be a general summary of Forest Hills Village 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: $25,067
- Program Service Revenue: $2,047,853
- Gross Receipts: $2,072,920
Assets and Liabilities:
- Total Assets: $4,138,654
- Total Liabilities: $3,248,616
- Net Assets: $890,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,047,853
Organization Details
Founding Year
1968
Phone
(270) 442-5469Principal Officer
Lorie Knight
Main Address
PO BOX 7056, PADUCAH, KY, 420027056
NTEE Category
Code: L21 - Housing
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