Overview
What is Monticello Ecumenical Retirement Center Inc?
Monticello Ecumenical Retirement Center Inc, established in 1982, is a non-profit organization based in Monticello, Arkansas. Its primary mission is to provide housing for the elderly or handicapped, following Section 202 of the National Housing Act. The organization manages Annsword Apartments, a 62-unit rental complex in Monticello, leasing the apartments on a mostly month-to-month basis. The center's major program is its Section 202 Direct Loan, which is regulated by the Department of Housing and Urban Development (HUD) to control rent charges and operating methods. In line with its non-profit status, Monticello Ecumenical Retirement Center Inc is precluded from receiving distributions of project funds under the terms of the regulatory agreement with HUD. The organization operates with a workforce of 4 individuals.
Is Monticello Ecumenical Retirement Center Inc legitimate?
Monticello Ecumenical Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monticello Ecumenical Retirement Center 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,499
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Mission Statement of Monticello Ecumenical Retirement Center Inc
Monticello Ecumenical Retirement Center Inc, established in 1982, is a non-profit organization with a primary mission to provide housing for the elderly and individuals with disabilities, in accordance with Section 202 of the National Housing Act. The organization operates Annswood Apartments, a complex comprising 62 rental units, located in Monticello, Arkansas. The project leases these apartments primarily on a month-to-month basis, following regulations set by the Department of Housing and Urban Development (HUD) regarding rent charges and operating methods. Notably, as a non-profit owner of the project, Monticello Ecumenical Retirement Center Inc is not entitled to distributions of project funds, as stipulated in the regulatory agreement with HUD. In essence, the organization's mission is to offer secure and affordable housing solutions for the elderly and individuals with disabilities, adhering to government regulations and operating as a non-profit entity.
Impact
This information is meant to be a general summary of Monticello Ecumenical Retirement Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Monticello Ecumenical Retirement Center Inc's impact is providing essential housing for the elderly or handicapped individuals in Monticello, Arkansas through the operation of Annswood Apartments. The organization offers a place for these vulnerable populations to live independently under the regulatory oversight of the Department of Housing and Urban Development (HUD). By managing this apartment complex of 62 rental units, Monticello Ecumenical Retirement Center Inc plays a crucial role in ensuring that seniors and individuals with disabilities have a safe and affordable place to call home. Through its Section 202 Direct Loan program, the organization contributes to meeting the housing needs of these underserved groups and enriching their quality of life.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME-APTS
Revenue
$481,086
Organization Details
Founding Year
1982
Phone
(870) 367-5967
Principal Officer
Frank Ferguson
Main Address
570 WEST CONRAD STREET, MONTICELLO, AR, 71655
NTEE Category
Code: L22 - Housing
If you are a representative of Monticello Ecumenical Retirement Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.