Overview
What is Meadows Apartment Ownership Inc?
Meadows Apartment Ownership Inc, established in 1993, is a California-originated nonprofit corporation with a primary mission to acquire and manage a low-income housing project. Located in Jackson, California, this project, known as Meadows Apartment, consists of 30 units. Regulated by the HUD, the project adheres to specific rent charges and operating methods. The organization's main goal is to provide housing solutions for individuals with lower income levels, contributing to the overall community by offering affordable living options.
Is Meadows Apartment Ownership Inc legitimate?
Meadows Apartment Ownership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadows Apartment Ownership 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,464
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What is the mission statement of Meadows Apartment Ownership Inc?
Meadows Apartment Ownership Inc, established in 1993, has a mission to own and operate a low-income housing residential property. This mission is carried out by acquiring and managing a rental housing project under the guidelines of Section 236 and 241(F) of the National Housing Act. The property, regulated by HUD, ensures affordable rent charges and operating methods. Meadows Apartment Ownership Inc currently operates a 30-unit complex located in an undisclosed location. The organization's primary objective is to provide affordable housing solutions for its residents, guided by the regulations set by the HUD.
Who is the CEO of Meadows Apartment Ownership Inc?
Diana Stafford is the President/Director of Meadows Apartment Ownership Inc.
What is the revenue of Meadows Apartment Ownership Inc?
Meadows Apartment Ownership Inc's revenue in 2022 was $448,745.
Who are the executives of Meadows Apartment Ownership Inc and what are their salaries?
There 2 volunteers at Meadows Apartment Ownership Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Meadows Apartment Ownership Inc?
Meadows Apartment Ownership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Meadows Apartment Ownership Inc
Meadows Apartment Ownership Inc, established as a California nonprofit corporation in 1993, is dedicated to owning and operating a low-income housing residential property. This nonprofit organization's primary objective is to acquire and manage a rental housing project, adhering to the regulations set by the U.S. Department of Housing and Urban Development (HUD) regarding rent charges and operating methods. The project, known as Meadows Apartment, comprises 30 units, providing affordable housing options for individuals in need. The mission of Meadows Apartment Ownership Inc is to ensure that low-income families and individuals have access to safe and secure housing, thereby contributing to the betterment of their living conditions.
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Impact
October, 2024
Meadows Apartment Ownership Inc significantly contributes to the availability of affordable housing in Jackson, California, by owning and operating a residential property dedicated to low-income families. Established in 1993, the organization plays a crucial role in addressing housing needs through its 30-unit complex, which operates under strict regulations set by HUD, ensuring that rent charges remain affordable and that management practices align with standards for low-income housing.
By providing safe and stable living conditions, Meadows Apartment Ownership Inc fosters community well-being and allows residents to thrive without the burden of excessive housing costs. The organization’s commitment to maintaining compliance with federal housing regulations ensures that families can find secure homes, thereby contributing to the overall stability and economic health of the region.
This information is meant to be a general summary of Meadows Apartment Ownership 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: $44
- Program Service Revenue: $222,239
- Gross Receipts: $448,745
Assets and Liabilities:
- Total Assets: $812,870
- Total Liabilities: $720,005
- Net Assets: $92,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$211,391
ANCILLARY SERVICES
Revenue
$10,709
OTHER REVENUE
Revenue
$139
Organization Details
Founding Year
1993
Phone
(303) 830-3300Principal Officer
Diana Stafford
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L21 - Housing
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