Overview
What is Five Star Development Corporation?
Five Star Development Corporation is a nonprofit organization based in Mobile, Alabama, with an address at 1204 Hillcrest Road. Their primary mission is to provide affordable housing and support services for the elderly, operating under a Section 8-202 HUD project. This project is designed to cater to low-income individuals, offering them a place to live with essential amenities. The corporation's objective aligns with enhancing the quality of life for elderly people by ensuring they have a secure and supportive living environment.
Official website here: www.voase.org
Is Five Star Development Corporation legitimate?
Five Star Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Star Development Corporation 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: $17,336
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Official website here: www.voase.org
What is the mission statement of Five Star Development Corporation?
Five Star Development Corporation's mission is centered around owning and managing an apartment project that offers housing and support services to low-income elderly individuals. This organization is committed to providing a living space and essential support for this specific demographic, aiming to enhance their quality of life. The project, following Section 8-202 guidelines from HUD, ensures affordable housing solutions for the elderly, thereby contributing to their overall well-being.
Official website here: www.voase.org
Who is the CEO of Five Star Development Corporation?
Robert Rogers is the Director of Five Star Development Corporation. The CEO's salary of Five Star Development Corporation is $0 and their total compensation is $335,768.
Official website here: www.voase.org
What is the revenue of Five Star Development Corporation?
Five Star Development Corporation's revenue in 2023 was $95,032.
Official website here: www.voase.org
Who are the executives of Five Star Development Corporation and what are their salaries?
There 7 volunteers at Five Star Development Corporation.
Here are 8 key members and their salaries (Five Star Development Corporation's CEO's salary is $0 and their total compensation is $335,768):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $289,600
- Other: $46,168
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.voase.org
Where can I find the form 990 for Five Star Development Corporation?
Five Star Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.voase.org
Learn more at the official website: www.voase.org
Mission Statement of Five Star Development Corporation
Five Star Development Corporation is dedicated to fulfilling its mission of providing affordable housing and support services for low-income elderly individuals. Specifically, the organization owns and operates an apartment project with the primary objective of offering a secure living environment and necessary resources to this demographic. By operating under Section 8-202 HUD guidelines, Five Star Development Corporation ensures that its project meets the unique needs of this vulnerable population, thereby contributing to their overall well-being and quality of life.
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Impact
October, 2024
Five Star Development Corporation significantly impacts the community by providing low-income housing tailored specifically for elderly individuals. By managing a Section 202 HUD project in Mobile, Alabama, they create a supportive living environment that enhances the quality of life for low-income seniors. The corporation not only offers affordable apartments but also incorporates various support services, ensuring residents have access to the resources they need. This initiative addresses housing insecurity among the elderly, fosters independence, and promotes a sense of community, ultimately improving the well-being of this vulnerable population in Mobile.
This information is meant to be a general summary of Five Star Development Corporation. 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: $3
- Program Service Revenue: $94,496
- Gross Receipts: $95,032
Assets and Liabilities:
- Total Assets: $691,653
- Total Liabilities: $77,917
- Net Assets: $613,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$57,814
SECTION 8 HOUSING RENT
Revenue
$36,682
Organization Details
Founding Year
1996
Phone
(251) 300-3500Principal Officer
Robert Rogers
Main Address
1204 HILLCREST ROAD, MOBILE, AL, 36695
Website
www.voase.orgNTEE Category
Code: L21 - Housing
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