Overview
What is Forty-Two Place Inc?
Forty-Two Place Inc, established in Navasota, Texas, is a nonprofit organization dedicated to addressing the housing needs of the elderly community. Operating at 1105 Center Street, this organization adheres to USDA Rural Development regulations to construct and maintain affordable rental housing and related facilities. Their primary mission is to provide affordable housing solutions to those in need, ensuring the elderly in the community have a suitable living environment. With a small workforce of two individuals, Forty-Two Place Inc plays a crucial role in supporting the elderly population in Navasota, Texas.
Is Forty-Two Place Inc legitimate?
Forty-Two Place Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Forty-Two Place 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: $18,645
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What is the mission statement of Forty-Two Place Inc?
Forty-Two Place Inc, as an organization, is dedicated to providing affordable housing solutions for the elderly in the community who require assistance. They achieve this mission by constructing and maintaining rural rental housing and related facilities, adhering to the rate regulations set by the USDA Rural Development. The primary objective is to offer housing at affordable rates for eligible applicants, thereby contributing to the well-being of the elderly population in need. Their efforts aim to ensure that the elderly have a comfortable and secure living environment, promoting their overall quality of life.
Who is the CEO of Forty-Two Place Inc?
Warren Maupin is the President of Forty-Two Place Inc.
What is the revenue of Forty-Two Place Inc?
Forty-Two Place Inc's revenue in 2022 was $273,181.
Who are the executives of Forty-Two Place Inc and what are their salaries?
The average compensation at Forty-Two Place Inc during 2022 was $9,322. There are 2 employees at Forty-Two Place Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Forty-Two Place Inc?
Forty-Two Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forty-Two Place Inc
Forty-Two Place Inc, a nonprofit organization, is committed to providing affordable housing solutions for the elderly in the community who require assistance. Their mission is to construct and maintain rural rental housing and related facilities, ensuring that eligible applicants can secure housing at rates determined by USDA Rural Development regulations. By offering affordable housing, Forty-Two Place Inc aims to improve the living conditions and overall well-being of the elderly population, enabling them to live with dignity and independence.
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Impact
October, 2024
Forty-Two Place Inc significantly impacts the community by providing affordable housing options for elderly residents in need. By constructing and maintaining rural rental housing, the organization ensures that eligible seniors have access to safe and comfortable living environments. The rates for these housing solutions are established in accordance with USDA Rural Development regulations, making them both accessible and sustainable for those who may be struggling financially.
Located in Navasota, TX, Forty-Two Place Inc addresses a critical need in the community—supporting elderly individuals who require assistance. This commitment to affordable housing not only enhances the quality of life for seniors but also fosters a sense of community and belonging. Through its efforts, Forty-Two Place Inc plays a vital role in improving the overall well-being of elderly residents, allowing them to age in place with dignity and security.
This information is meant to be a general summary of Forty-Two Place 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: $1
- Program Service Revenue: $263,604
- Gross Receipts: $273,181
Assets and Liabilities:
- Total Assets: $350,628
- Total Liabilities: $322,317
- Net Assets: $28,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$261,329
OTHER RENTAL INCOME
Revenue
$2,275
Organization Details
Founding Year
1971
Phone
(254) 718-7347Principal Officer
Warren Maupin
Main Address
1105 CENTER STREET, NAVASOTA, TX, 778684346
NTEE Category
Code: L22 - Housing
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