Overview
What is Aldersgate Properties Inc?
Aldersgate Properties Inc is a nonprofit organization situated in Florence, Kentucky. Its primary mission is to provide housing for the elderly and individuals with disabilities, adhering to the guidelines set by Section 202 of the National Affordable Housing Act. The organization owns, operates, and maintains a 40-unit facility specifically designed for this demographic, ensuring their comfort and accessibility needs are met. The goal of Aldersgate Properties Inc is to create an inclusive living space, promoting independence and dignity for its residents.
Is Aldersgate Properties Inc legitimate?
Aldersgate Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aldersgate Properties 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 Aldersgate Properties Inc?
Aldersgate Properties Inc is organized with the primary objective of providing housing for the elderly and individuals with disabilities. This non-profit organization operates and maintains a housing facility to cater to this specific demographic. The housing facility, which accommodates 40 residents, is situated in Florence, Kentucky, and the residents are eligible based on the provisions of Section 202 of the National Affordable Housing Act. The mission of Aldersgate Properties Inc is to offer a conducive living environment for these individuals, ensuring their needs are met and their quality of life is enhanced.
Who is the CEO of Aldersgate Properties Inc?
J Carlyle Ackley is the President of Aldersgate Properties Inc.
What is the revenue of Aldersgate Properties Inc?
Aldersgate Properties Inc's revenue in 2023 was $305,991.
Who are the executives of Aldersgate Properties Inc and what are their salaries?
There 8 volunteers at Aldersgate Properties Inc.
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Where can I find the form 990 for Aldersgate Properties Inc?
Aldersgate Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Aldersgate Properties Inc
Aldersgate Properties Inc, a nonprofit organization, is committed to providing housing for the elderly and individuals with disabilities. Established with a mission in mind, this organization is structured to own, operate, and maintain a housing facility that caters to this specific population. The organization fulfills this mission by managing a 40-unit housing facility, located in an undisclosed location, which is specifically designed for the elderly and handicapped. The residents of this facility are eligible under Section 202 of the National Affordable Housing Act, ensuring that affordable and suitable housing is accessible to those who need it most. Aldersgate Properties Inc plays a crucial role in providing a safe and supportive living environment for its residents, enhancing their quality of life and facilitating their independence.
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Impact
October, 2024
Aldersgate Properties Inc significantly impacts the community by providing essential housing support for the elderly and handicapped. Operating a 40-unit facility in Florence, Kentucky, it creates a safe and stable living environment tailored to the needs of its residents. By ensuring that housing is accessible to vulnerable populations under Section 202 of the National Affordable Housing Act, Aldersgate Properties Inc helps alleviate housing insecurity among those who may otherwise struggle to find suitable accommodations. This organization not only meets the immediate housing needs but also fosters a sense of community among its residents, promoting social interaction and improving overall quality of life. Through its operations, Aldersgate Properties Inc plays a crucial role in enhancing the well-being of elderly and handicapped individuals in Florence and the surrounding areas.
This information is meant to be a general summary of Aldersgate Properties 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: $455
- Program Service Revenue: $160,282
- Gross Receipts: $305,991
Assets and Liabilities:
- Total Assets: $230,971
- Total Liabilities: $2,419,700
- Net Assets: -$2,188,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$160,282
Organization Details
Founding Year
1993
Phone
(513) 241-1911Principal Officer
J Carlyle Ackley
Main Address
8585 OLD TOLL ROAD, FLORENCE, KY, 41042
NTEE Category
Code: L22 - Housing
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