Overview
What is Sierra Homes For Elderly Inc?
Sierra Homes For Elderly Inc, also known as Oak Hills Apartments, is a nonprofit organization situated in Morristown, Tennessee. Their primary mission is to offer housing for low-income elderly and handicapped individuals, adhering to the guidelines set by the Department of Housing and Urban Development (HUD) regarding rental charges and operating methods. They manage a complex with 24 rental units, committed to providing a safe and suitable living environment for this specific population. The organization's activities are centered around the mission of housing and supporting elderly and handicapped individuals under Section 202 of the National Housing Act.
Is Sierra Homes For Elderly Inc legitimate?
Sierra Homes For Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sierra Homes For Elderly 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 Sierra Homes For Elderly Inc?
Sierra Homes For Elderly Inc is committed to providing housing for low-income elderly and handicapped individuals. This mission aligns with Section 202 of the National Housing Act. The organization's primary goal is to offer suitable living accommodations for this specific group of tenants. The housing is regulated by the Department of Housing and Urban Development (HUD), ensuring compliance with rent charges and operational methods. Currently, Sierra Homes For Elderly Inc manages 24 rental units in a complex.
Who is the CEO of Sierra Homes For Elderly Inc?
Kay Hale is the President of Sierra Homes For Elderly Inc.
What is the revenue of Sierra Homes For Elderly Inc?
Sierra Homes For Elderly Inc's revenue in 2022 was $141,097.
Who are the executives of Sierra Homes For Elderly Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Sierra Homes For Elderly Inc?
Sierra Homes For Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sierra Homes For Elderly Inc
Sierra Homes for Elderly Inc, as a non-profit organization, has a mission to provide housing for low-income elderly and handicapped individuals. This mission is in line with Section 202 of the National Housing Act, a regulatory framework established by the U.S. Department of Housing and Urban Development (HUD). The organization manages a complex that houses 24 units, ensuring that these units are both affordable and operate efficiently in accordance with HUD regulations regarding rent charges and overall operations. Sierra Homes for Elderly Inc plays a vital role in offering a secure living environment for the elderly and handicapped, contributing to their overall well-being and quality of life.
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Impact
October, 2024
Sierra Homes For Elderly Inc significantly enhances the lives of low-income elderly and handicapped individuals by providing affordable housing tailored to their needs. By offering 24 rental units in Morristown, TN, the organization fosters a supportive community where residents can enjoy a comfortable and secure living environment.
Under Section 202 of the National Housing Act, Sierra Homes ensures that the housing options are both affordable and regulated to maintain quality and accessibility for its tenants. This commitment alleviates the financial burden on low-income seniors and individuals with disabilities, allowing them to live independently while having access to essential resources and support. Through this initiative, Sierra Homes plays a vital role in promoting dignity, stability, and well-being for some of the most vulnerable members of society.
This information is meant to be a general summary of Sierra Homes For Elderly 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.
- Investment Income: $9
- Program Service Revenue: $82,139
- Gross Receipts: $141,097
Assets and Liabilities:
- Total Assets: $579,430
- Total Liabilities: $1,168,985
- Net Assets: -$589,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - APARTM
Revenue
$81,275
LAUNDRY & VENDING INCO
Revenue
$591
TENANT CHARGES
Revenue
$273
Organization Details
Founding Year
1994
Phone
(423) 587-4500Principal Officer
Kay Hale
Main Address
PO BOX 1218, MORRISTOWN, TN, 378161218
NTEE Category
Code: L22 - Housing
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