Overview
What is Union Labor Housing Inc?
Union Labor Housing Inc is a nonprofit organization situated in Louisville, Kentucky, specifically at 1235 S Third Street. It was previously involved in managing a 240-unit apartment complex, catering to low-income elderly and handicapped individuals. The organization sold the property to undertake renovations and improvements, following which it now leases the land for a 210-unit complex that continues to provide affordable housing for the same demographic. The rents in this renovated complex are subsidized under a Section 8 contract, ensuring that these essential housing needs are met for the community's vulnerable population. In summary, Union Labor Housing Inc is committed to providing housing solutions for low-income elderly and handicapped residents in Louisville, Kentucky.
Is Union Labor Housing Inc legitimate?
Union Labor Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Labor 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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For more financial information, click here
What is the mission statement of Union Labor Housing Inc?
Union Labor Housing Inc, as a organization, focuses on leasing land and serving as a general partner for a housing project designed to cater to the needs of low-income elderly and handicapped residents. Their mission is reflected in their actions, as they previously owned and managed a 240-unit apartment complex for this specific demographic. After selling the building, they continue to lease the land, allowing a 210-unit complex to operate and provide housing for the same group of individuals. The rents in this complex are subsidized under a Section 8 contract, ensuring affordability for its residents. The organization's primary goal is to support these vulnerable individuals by providing them with stable and affordable housing.
Who is the CEO of Union Labor Housing Inc?
Paul Routon is the President of Union Labor Housing Inc.
What is the revenue of Union Labor Housing Inc?
Union Labor Housing Inc's revenue in 2022 was $269,281.
Who are the executives of Union Labor Housing Inc and what are their salaries?
There 8 volunteers at Union Labor Housing Inc.
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Where can I find the form 990 for Union Labor Housing Inc?
Union Labor Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Union Labor Housing Inc
Union Labor Housing Inc, as an organization, plays a significant role in providing housing solutions for low-income elderly and handicapped individuals. Its primary mission is to lease land and act as a general partner for a housing project specifically designed for this demographic. By doing so, Union Labor Housing Inc contributes to creating a living environment that caters to the unique needs of this population.
In the past, Union Labor Housing Inc owned and operated a 240-unit apartment complex, providing accommodations for low-income elderly and handicapped residents. However, the organization decided to sell the property with the intention of rehabilitating it. After the sale, Union Labor Housing Inc continued its commitment by leasing the land on which a 210-unit apartment complex now operates. This new complex continues to offer affordable housing options for low-income elderly and handicapped residents, with rents subsidized under a Section 8 contract. This commitment to providing affordable housing solutions for vulnerable individuals is a testament to Union Labor Housing Inc's dedication to its mission.
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Impact
October, 2024
Union Labor Housing Inc plays a significant role in addressing the housing needs of low-income elderly and handicapped residents in Louisville, KY. By leasing land and serving as a general partner in a housing project, the organization ensures that affordable and accessible residential options remain available.
The impact of their work is particularly evident in the 210-unit apartment complex that continues to operate under their oversight, providing essential housing for vulnerable populations. This facility not only offers subsidized rents through a Section 8 contract but also supports an environment where elderly and handicapped individuals can live independently and with dignity.
The organization's transition from owning a 240-unit complex to establishing a partnership for the current facility highlights a commitment to maintaining and improving housing conditions. This strategic move allows for necessary renovations while ensuring that the needs of low-income residents are met through ongoing support and accessibility. Ultimately, Union Labor Housing Inc contributes significantly to enhancing the quality of life for those served, promoting inclusivity and stability within the community.
This information is meant to be a general summary of Union Labor 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 2022.
- Program Service Revenue: $269,281
- Gross Receipts: $269,281
Assets and Liabilities:
- Total Assets: $12,552,303
- Total Liabilities: $318
- Net Assets: $12,551,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - NOTE
Revenue
$139,281
LAND LEASE
Revenue
$130,000
Organization Details
Founding Year
1969
Phone
(502) 634-9830Principal Officer
Paul Routon
Main Address
1235 S THIRD STREET, LOUISVILLE, KY, 40203
NTEE Category
Code: L22 - Housing
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