Overview
What is Independence Square Housing Corporation Inc?
Independence Square Housing Corporation Inc is a nonprofit organization situated in Watsonville, California. Their primary mission is to provide affordable housing for qualified handicapped and elderly individuals. They accomplish this by securing mortgage financing from the U.S. Department of Housing and Urban Development (HUD). The organization manages a 100-unit apartment complex, operating under the provisions of Section 202 of the National Housing Act. This complex benefits from the HUD Section 8 Rent Subsidy Program, ensuring that eligible tenants can afford their living arrangements. The corporation employs a team of 13 individuals to oversee and manage the housing complex.
Is Independence Square Housing Corporation Inc legitimate?
Independence Square Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Square Housing Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $93,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,343
For more financial information, click here
Mission Statement of Independence Square Housing Corporation Inc
Independence Square Housing Corporation Inc is dedicated to providing suitable housing for individuals who fall under the categories of the handicapped and elderly. Through mortgage financing from the U.S. Department of Housing and Urban Development (HUD), this organization operates a 100-unit apartment complex. Their mission is to ensure this complex serves as a secure living environment for these qualified tenants, located in Watsonville, California. The apartment complex operates under the provisions of Section 202 of the National Housing Act, utilizing the HUD Section 8 Rent Subsidy Program for eligible tenants. This program ensures that the tenants can afford the living quarters, making it an accessible and affordable housing solution for the handicapped and elderly population.
Impact
This information is meant to be a general summary of Independence Square Housing Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Independence Square Housing Corporation Inc's impact lies in providing essential housing for qualified handicapped and elderly tenants in Watsonville, California. By operating a 100-unit apartment complex with mortgage financing from the U.S. Department of Housing and Urban Development (HUD), the organization ensures that individuals in need have access to safe and affordable housing. Through their utilization of the HUD Section 8 rent subsidy program, Independence Square Housing Corporation Inc plays a crucial role in supporting eligible tenants and promoting community welfare.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & MISC REVENUE
Revenue
$7,409
RENTAL REVENUE
Revenue
$337,424
Organization Details
Founding Year
1977
Phone
(831) 724-6396
Principal Officer
David Johnston
Main Address
1355 MADISON STREET, WATSONVILLE, CA, 95076
NTEE Category
Code: L20 - Housing
If you are a representative of Independence Square Housing Corporation Inc 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.