Overview
What is Main Street Apartments Inc?
Main Street Apartments Inc is a nonprofit organization situated in Oakley, California, specializing in providing low-income housing. Operating a 24-unit apartment building under Section 811 of the National Housing Act, they cater to this specific social need, regulated by HUD to ensure proper rent charges and operational methods. Their mission is to offer housing solutions that are accessible for individuals with limited financial resources, thereby contributing to their local community.
Is Main Street Apartments Inc legitimate?
Main Street Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Apartments 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: $94,108
For more financial information, click here
What is the mission statement of Main Street Apartments Inc?
Main Street Apartments Inc, as an organization, is dedicated to providing low-income housing. They accomplish this by managing a 24-unit apartment building, located in an unspecified location, under Section 811 of the National Housing Act. The project is subject to regulations by HUD, which oversees the rent charges and operational methods to ensure affordability and compliance. By offering affordable housing, Main Street Apartments Inc contributes to improving the living conditions of individuals with limited income.
Who is the CEO of Main Street Apartments Inc?
Verna Causby-Smith is the President of Main Street Apartments Inc.
What is the revenue of Main Street Apartments Inc?
Main Street Apartments Inc's revenue in 2023 was $355,762.
Who are the executives of Main Street Apartments Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $591,118
- Other: $41,676
- Compensation: $0
- Related: $372,185
- Other: $39,392
- Compensation: $0
- Related: $153,340
- Other: $18,761
Where can I find the form 990 for Main Street Apartments Inc?
Main Street Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Main Street Apartments Inc
Main Street Apartments Inc, as a nonprofit organization, is dedicated to providing low-income housing. They accomplish this mission through the operation of a 24-unit apartment building located in an unspecified location. This project falls under section 811 of the National Housing Act, ensuring that the rent charges and operating methods are regulated by HUD. By adhering to these guidelines, Main Street Apartments Inc is able to offer affordable housing options to individuals in need, thereby contributing to the betterment of their living conditions.
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Impact
October, 2024
Main Street Apartments Inc significantly impacts the community by providing low-income housing in Oakley, California. Operating a 24-unit apartment building, it addresses the pressing need for affordable housing options in the area. The project is designed to support those who face financial challenges, making it easier for individuals and families to secure stable living conditions. Regulated by HUD, Main Street Apartments adheres to specific rent and operating guidelines, ensuring sustainable and fair housing practices. By offering a safe and supportive environment, Main Street Apartments contributes to the overall well-being of its residents and fosters a sense of community.
This information is meant to be a general summary of Main Street Apartments 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 2023.
- Investment Income: $4
- Program Service Revenue: $115,199
- Gross Receipts: $355,762
Assets and Liabilities:
- Total Assets: $1,735,965
- Total Liabilities: $3,497,883
- Net Assets: -$1,761,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY INCOME
Revenue
$837
TENANT RENTS
Revenue
$114,362
Organization Details
Founding Year
1997
Phone
(415) 258-1800Principal Officer
Verna Causby-Smith
Main Address
22 Pelican Way, San Rafael, CA, 94901
NTEE Category
Code: L99 - Housing
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