Overview
What is Bannerman Apartments?
Bannerman Apartments is a nonprofit organization situated in Jackson, Mississippi. Their primary mission is to provide affordable housing through the rental of efficiency and one-bedroom units to eligible low-income individuals or families, including those who are aged, handicapped, displaced, or face financial hardship. The organization is dedicated to serving a diverse range of qualified residents, ensuring they have access to suitable housing solutions. With a small team of two employees, Bannerman Apartments continues to strive towards its mission of making affordable housing a reality for those in need.
Is Bannerman Apartments legitimate?
Bannerman Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bannerman Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,190
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What is the mission statement of Bannerman Apartments?
Bannerman Apartments is dedicated to providing affordable housing units to individuals and families who fall under certain income categories. Specifically, they offer twenty HUD-subsidized efficiency or one-bedroom apartments to qualified individuals or families who are either elderly, handicapped, displaced, or of low income. Their mission is centered around facilitating housing solutions for those who may struggle financially, thereby contributing to a more equitable living situation for these individuals.
Who is the CEO of Bannerman Apartments?
Henry Reed is the President of Bannerman Apartments.
What is the revenue of Bannerman Apartments?
Bannerman Apartments's revenue in 2023 was $234,385.
Who are the executives of Bannerman Apartments and what are their salaries?
The average compensation at Bannerman Apartments during 2023 was $21,595. There are 2 employees at Bannerman Apartments.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Bannerman Apartments?
Bannerman Apartments's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bannerman Apartments
Bannerman Apartments, as a nonprofit organization, is dedicated to providing affordable housing to individuals and families who fall within the low-income bracket. Their mission is exemplified through the rental of subsidized efficiency and one-bedroom apartments. These units are designed to accommodate qualified individuals and families who are either elderly, disabled, displaced, or simply have a low income. By offering these housing opportunities, Bannerman Apartments seeks to contribute to the betterment of the community, ensuring that everyone has access to a safe and affordable living space.
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Impact
October, 2024
Bannerman Apartments plays a crucial role in enhancing the quality of life for low-income individuals and families in Jackson, MS. By offering twenty HUD-subsidized efficiency and one-bedroom apartments, it provides essential access to affordable housing for qualified aged, handicapped, displaced, and low-income residents. This initiative directly addresses the critical need for safe and affordable living options in the community.
The impact of Bannerman Apartments extends beyond just housing; it contributes to stability and security for its tenants, enabling residents to focus on other aspects of their lives, such as employment and education. By alleviating the burden of high housing costs, Bannerman Apartments fosters an environment where low-income families can thrive and build a better future. The availability of these apartments is vital in a time when affordable housing is increasingly scarce, making Bannerman Apartments a significant asset to the local community.
This information is meant to be a general summary of Bannerman Apartments. 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: $69
- Program Service Revenue: $234,316
- Gross Receipts: $234,385
Assets and Liabilities:
- Total Assets: $370,930
- Total Liabilities: $298,426
- Net Assets: $72,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT AND SUBSID
Revenue
$234,316
Organization Details
Founding Year
1984
Phone
(601) 948-6401Principal Officer
Henry Reed
Main Address
PO DRAWER 1220, JACKSON, MS, 39215
NTEE Category
Code: L21 - Housing
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