Overview
What is Summerfield Senior Residences Inc?
Summerfield Senior Residences Inc, a Kansas-based not-for-profit corporation, was established with the purpose of constructing, owning, and managing a 38-unit senior living community in Wichita, Kansas. This project, known as Summerfield Senior Residences, was initiated under Section 202 of the National Affordable Housing Act. The organization's primary mission is to maintain and operate low-income housing projects specifically designed for elderly individuals who fall under HUD programs, ensuring affordable and secure living arrangements for this demographic.
Is Summerfield Senior Residences Inc legitimate?
Summerfield Senior Residences Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Summerfield Senior Residences 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: $0
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What is the mission statement of Summerfield Senior Residences Inc?
Summerfield Senior Residences Inc is dedicated to maintaining and operating low-income housing projects specifically designed for elderly individuals with limited income. This is achieved through the H.U.D. programs. The organization's primary aim is to provide a suitable living environment for this demographic, ensuring their well-being and meeting their housing needs. Summerfield Senior Residences Inc was established with the purpose of constructing, owning, and operating a 38-unit apartment community, known as Summerfield Senior Residences, in accordance with Section 202 of the National Affordable Housing Act.
What is the revenue of Summerfield Senior Residences Inc?
Summerfield Senior Residences Inc's revenue in 2024 was $247,610.
Who are the executives of Summerfield Senior Residences Inc and what are their salaries?
There 6 volunteers at Summerfield Senior Residences Inc.
Here are 7 key members and their salaries:
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- Related: $131,944
- Other: $2,639
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- Other: $0
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- Other: $0
Where can I find the form 990 for Summerfield Senior Residences Inc?
Summerfield Senior Residences Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Summerfield Senior Residences Inc
Summerfield Senior Residences Inc, a Kansas-based not-for-profit corporation, is dedicated to maintaining and operating low-income housing projects for elderly individuals who fall below the income threshold. Through federal programs under the HUD, this organization constructs, owns, and manages such housing projects. Their mission is centered around providing a suitable living environment for this demographic, ensuring they can age comfortably with the necessary support. By undertaking such projects, Summerfield Senior Residences Inc contributes significantly to addressing the housing needs of the elderly population and promoting their overall well-being.
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Impact
October, 2024
Summerfield Senior Residences Inc significantly impacts the lives of low-income elderly individuals by providing accessible and affordable housing options in Wichita, Kansas. Through the maintenance and operations of a dedicated 38-unit apartment community, Summerfield Senior Residences ensures that senior residents have a safe and supportive living environment.
By participating in H.U.D. programs and complying with the National Affordable Housing Act, Summerfield offers essential services that promote stability and well-being for its residents. This initiative not only enhances the quality of life for elderly individuals by reducing the financial burden of housing but also fosters a sense of community and belonging among its residents. The presence of this housing project contributes to the overall well-being of the community and demonstrates a commitment to addressing the needs of vulnerable populations.
This information is meant to be a general summary of Summerfield Senior Residences 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 2024.
- Investment Income: $717
- Program Service Revenue: $141,630
- Gross Receipts: $247,610
Assets and Liabilities:
- Total Assets: $625,126
- Total Liabilities: $40,781
- Net Assets: $584,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$141,630
Organization Details
Founding Year
1997
Principal Officer
Byron Adrian
NTEE Category
Code: L22 - Housing
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