Overview
What is Shoals Presbyterian (Montreat) Apts?
Shoals Presbyterian (Montreat) Apts is a nonprofit housing organization situated unspecified, offering 100 one-bedroom apartments as affordable housing options for individuals under Section 202 of the National Housing Act. These apartments are overseen by the HUD for regulation. Residents of this community can enjoy additional conveniences like an on-site beauty shop and laundry facilities, enhancing their living experience. The primary mission of Shoals Presbyterian Apts is to provide a suitable and affordable housing solution for individuals with limited financial resources.
Is Shoals Presbyterian (Montreat) Apts legitimate?
Shoals Presbyterian (Montreat) Apts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals Presbyterian (Montreat) Apts 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 Shoals Presbyterian (Montreat) Apts?
Shoals Presbyterian Apts, a low-income housing facility, is dedicated to providing affordable housing solutions. Under the National Housing Act's section 202, they offer 100 one-bedroom apartments, which are regulated by HUD. To enhance the living experience, they also provide on-site amenities such as a beauty shop and laundry facilities. The primary goal of Shoals Presbyterian Apts is to make housing accessible to individuals with limited income, offering them a comfortable and convenient living space.
Who is the CEO of Shoals Presbyterian (Montreat) Apts?
Brandon Miles is the Director of Shoals Presbyterian (Montreat) Apts.
What is the revenue of Shoals Presbyterian (Montreat) Apts?
Shoals Presbyterian (Montreat) Apts's revenue in 2023 was $1,227,812.
Who are the executives of Shoals Presbyterian (Montreat) Apts and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Shoals Presbyterian (Montreat) Apts?
Shoals Presbyterian (Montreat) Apts's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Shoals Presbyterian (Montreat) Apts
Shoals Presbyterian (Montreat) Apts, as a nonprofit organization, is dedicated to providing low-income housing. They achieve this mission by offering 100 one-bedroom apartments, which fall under Section 202 of the National Housing Act. These apartments are subject to regulation by HUD. To add to the convenience of its residents, Shoals Presbyterian Apts also houses an on-site beauty shop and laundry facility. This allows tenants to attend to their personal grooming and laundry needs without having to leave the premises. By offering affordable housing and convenient amenities, Shoals Presbyterian (Montreat) Apts contributes to improving the living conditions of low-income individuals.
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Impact
October, 2024
Shoals Presbyterian (Montreat) Apartments significantly impacts the local community by providing affordable housing options for low-income residents in Florence, Alabama. With 100 one-bedroom apartments available under Section 202 of the National Housing Act, it addresses a critical need for safe and regulated housing, ensuring that low-income individuals and families have access to a stable living environment.
In addition to affordable housing, the facility also enhances residents' quality of life by offering convenient amenities such as an on-site beauty shop and laundry services. This integration of essential services fosters a sense of community and supports the well-being of tenants, allowing them to reside in a supportive and accessible environment. By prioritizing affordable and convenient living arrangements, Shoals Presbyterian (Montreat) Apartments contributes to the overall health and stability of the community.
This information is meant to be a general summary of Shoals Presbyterian (Montreat) Apts. 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: $491
- Program Service Revenue: $1,227,321
- Gross Receipts: $1,227,812
Assets and Liabilities:
- Total Assets: $2,264,010
- Total Liabilities: $3,814,808
- Net Assets: -$1,550,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-APARTMENTS
Revenue
$354,387
LAUNDRY & VENDING
Revenue
$7,572
TENANT CHARGES
Revenue
$2,927
MISCELLANEOUS
Revenue
$232
Organization Details
Founding Year
1982
Phone
(205) 933-1020Principal Officer
Brandon Miles
Main Address
1805 DARBY AVENUE, FLORENCE, AL, 35630
NTEE Category
Code: L210 - Housing
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