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Anchor Housing Corporation

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

EIN: 824639963 ✦ Matthews, NC ✦ Designated as a 501(c)(3)

Overview

What is Anchor Housing Corporation?

Anchor Housing Corporation is a nonprofit organization established in compliance with South Carolina state laws, primarily dedicated to the development and operation of affordable housing for the elderly and individuals with disabilities. Specifically, they manage a 56-unit apartment complex located in Spartanburg, South Carolina, in accordance with Section 223(F) of the National Housing Act. The organization's mission is to provide elderly individuals with suitable living accommodations, contributing positively to their well-being and overall quality of life.


Is Anchor Housing Corporation legitimate?

Anchor Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Housing 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Anchor Housing Corporation?
Who is the CEO of Anchor Housing Corporation?
What is the revenue of Anchor Housing Corporation?
Who are the executives of Anchor Housing Corporation and what are their salaries?
Where can I find the form 990 for Anchor Housing Corporation?

Mission Statement of Anchor Housing Corporation

Anchor Housing Corporation was established under the laws of South Carolina with a primary objective. This objective revolved around developing and managing affordable housing for the elderly and individuals with disabilities. The organization's mission was to provide a safe and affordable living environment for these vulnerable populations, ensuring they could age with dignity and independence. To accomplish this, Anchor Housing Corporation developed and operated a 56-unit apartment complex, adhering to Section 223(F) of the National Housing Act. This commitment to affordable housing for the elderly and handicapped demonstrates Anchor Housing Corporation's dedication to enhancing the lives of its residents and promoting a sense of community and security.

Impact

This information is meant to be a general summary of Anchor Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Anchor Housing Corporation's impact can be seen in the provision of essential affordable housing for low-income elderly or handicapped individuals in Spartanburg, South Carolina. By operating a 56-unit apartment complex in alignment with the National Housing Act, the organization plays a crucial role in meeting the housing needs of vulnerable populations in the community. Through its dedicated efforts, Anchor Housing Corporation contributes significantly to ensuring that elderly and handicapped individuals have access to safe and affordable housing options, thereby enhancing their quality of life and promoting community well-being.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,734,908
  • Program Service Revenue: $74,137
  • Gross Receipts: $6,528,739

    • Assets and Liabilities:
  • Total Assets: $3,811,180
  • Total Liabilities: $0
  • Net Assets: $3,811,180
  • Programs

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

    TENANT RENTAL PAYMENTS

    Revenue

    $70,945

    LAUNDRY AND VENDING REVENUE

    Revenue

    $1,995

    TENANT CHARGES

    Revenue

    $678

    CABLE TELEVISION

    Revenue

    $519

    Organization Details

    Founding Year

    2019

    Principal Officer

    Amanda Schrum

    Main Address

    300 EAST JOHN STREET 138, MATTHEWS, NC, 28105

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Anchor Housing Corporation 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.