Raintree Tower Apartments

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741956677 ✦ Beaumont, TX ✦ Designated as a 501(c)(4)

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Overview

What is Raintree Tower Apartments?

Raintree Tower Apartments is a housing facility, managed by the Beaumont Elderly & Handicapped Housing Corp, that offers affordable living solutions for individuals with low income. The apartment complex, which houses 150 units, is assisted by the U.S. Department of Housing and Urban Development (HUD) through a contract. This housing assistance enables eligible residents to reside in the apartments at a reduced cost. The primary focus of Raintree Tower Apartments is to provide affordable housing options for those who may not otherwise be able to afford it, thereby contributing to the broader social goal of enhancing accessibility to housing for all.


Official website here: www.none

Is Raintree Tower Apartments legitimate?

Raintree Tower Apartments is a legitimate nonprofit organization registered as a 501(c)(4) entity. Raintree Tower 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: $244,497

For more financial information, click here


Official website here: www.none

What is the mission statement of Raintree Tower Apartments?

Raintree Tower Apartments, managed by the Beaumont Elderly & Handicapped Housing Corp, is committed to providing Hud Assisted Low Income Housing. Under a housing assistance contract with HUD, they offer accommodations for 150 units, aiming to make affordable living options available for individuals in need. The apartment complex is an essential resource for individuals who may face financial challenges, offering them a place to call home. By partnering with HUD, Raintree Tower Apartments contributes to the broader goal of providing housing solutions for low-income individuals, ensuring they can live with dignity and stability.


Official website here: www.none

Who is the CEO of Raintree Tower Apartments?

Mary Ann Williams is the Director of Raintree Tower Apartments.


Official website here: www.none

What is the revenue of Raintree Tower Apartments?

Raintree Tower Apartments's revenue in 2023 was $1,633,471.


Official website here: www.none

Who are the executives of Raintree Tower Apartments and what are their salaries?


Here are 6 key members and their salaries:


Virginia Bean (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnnie Beatty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Freddie Bobb (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Chase (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Florio Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ann Williams (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Raintree Tower Apartments?

Raintree Tower Apartments's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Raintree Tower Apartments

Raintree Tower Apartments, a housing initiative led by the Beaumont Elderly & Handicapped Housing Corp, is dedicated to providing affordable living spaces for individuals with low income. Through a housing assistance contract with the HUD, Raintree Tower Apartments offers 150 units, ensuring that a significant number of people in need have access to suitable housing. The organization's mission is centered around providing this vital service, enabling individuals to maintain a stable living environment, which is a fundamental aspect of their overall well-being.

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Impact




October, 2024

Raintree Tower Apartments plays a crucial role in addressing the housing needs of low-income individuals in Beaumont, Texas. By providing 150 HUD-assisted low-income housing units, it offers essential support to the elderly and handicapped population, ensuring they have access to safe and affordable homes. This facility not only enhances the quality of life for its residents but also fosters a sense of community among those who may otherwise struggle to find suitable living arrangements.

The apartments serve as a vital resource in combating housing insecurity in the area, allowing residents to focus on their well-being and independence. By partnering with HUD, Raintree Tower Apartments contributes to the broader effort of creating inclusive communities, demonstrating a commitment to meeting the needs of vulnerable populations while promoting stability and dignity in housing.




This information is meant to be a general summary of Raintree Tower 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.

Revenue
$1,633,471 (2023)
Expenses
$1,644,008 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $296
  • Program Service Revenue: $1,627,363
  • Gross Receipts: $1,633,471

Assets and Liabilities:

  • Total Assets: $1,058,874
  • Total Liabilities: $2,785,400
  • Net Assets: -$1,726,526

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING ASSISTANCE PAY

Revenue

$1,118,783

TENANT RENT

Revenue

$508,580

Organization Details

Founding Year

1977

Principal Officer

Mary Ann Williams

Main Address

1390 BROADWAY, BEAUMONT, TX, 77701

Website

www.none

NTEE Category

Code: L21 - Housing

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