Overview
What is Reach Apartments Inc?
Reach Apartments Inc, based in Portland, Oregon, is a nonprofit organization that was established with the mission to construct and operate a specialized 20-unit apartment complex. This complex is designed to cater to individuals with chronic mental illnesses who fall under the low-income bracket. The rent for these units is subsidized under Section 8 of the National Housing Act, ensuring affordability for the residents. The organization's primary focus is on providing a suitable living environment for this specific community, aiming to enhance their quality of life.
Official website here: www.reachcdc.org
Is Reach Apartments Inc legitimate?
Reach Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach 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: $0
For more financial information, click here
Official website here: www.reachcdc.org
What is the mission statement of Reach Apartments Inc?
Reach Apartments Inc, a non-profit organization, is dedicated to constructing and managing a 20-unit apartment complex specifically designed for chronically mentally ill individuals with low income. Their mission is to provide affordable housing for this vulnerable population, with rents subsidized under the Section 8 National Housing Act. The organization aims to improve the quality of life for these individuals by offering them a safe and supportive living environment. By doing so, Reach Apartments Inc contributes to the broader goal of ensuring that people with mental health challenges have access to adequate housing and resources to lead fulfilling lives.
Official website here: www.reachcdc.org
Who is the CEO of Reach Apartments Inc?
Margaret Salazar is the CEO of Reach Apartments Inc The CEO's salary of Reach Apartments Inc is $0 and their total compensation is $31,855.
Official website here: www.reachcdc.org
What is the revenue of Reach Apartments Inc?
Reach Apartments Inc's revenue in 2023 was $241,618.
Official website here: www.reachcdc.org
Who are the executives of Reach Apartments Inc and what are their salaries?
There 16 volunteers at Reach Apartments Inc.
Here are 19 key members and their salaries (Reach Apartments Inc's CEO's salary is $0 and their total compensation is $31,855):
- Compensation: $0
- Related: $176,403
- Other: $27,042
- Compensation: $0
- Related: $145,966
- Other: $10,769
- Compensation: $0
- Related: $29,276
- Other: $2,579
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reachcdc.org
Where can I find the form 990 for Reach Apartments Inc?
Reach Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.reachcdc.org
Learn more at the official website: www.reachcdc.org
Mission Statement of Reach Apartments Inc
Reach Apartments Inc, a nonprofit organization, is committed to constructing and managing a 20-unit apartment complex specifically designed for individuals who struggle with chronic mental illness and have limited income. This initiative aims to provide these individuals with a stable living environment, ensuring their rent is subsidized under the Section 8 National Housing Act. By constructing and operating this complex, Reach Apartments Inc is making a significant contribution to the well-being of mentally ill individuals, offering them a supportive housing option that can aid in their recovery and overall quality of life.
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Impact
October, 2024
Reach Apartments Inc has a significant impact on the community by providing stable housing for chronically mentally ill individuals who are low-income. By constructing and operating a 20-unit apartment complex in Portland, Oregon, the organization addresses a critical need for affordable housing in a vulnerable population. The federally subsidized rents under the Section 8 National Housing Act make these units accessible, enabling residents to maintain a safe and supportive living environment. This initiative not only enhances residents' quality of life but also contributes to overall community well-being by promoting mental health stability and reducing homelessness. Through its commitment to these individuals, Reach Apartments Inc fosters independence, dignity, and a sense of belonging among its residents.
This information is meant to be a general summary of Reach 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: $188
- Program Service Revenue: $57,394
- Gross Receipts: $241,618
Assets and Liabilities:
- Total Assets: $536,397
- Total Liabilities: $569,820
- Net Assets: -$33,423
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$57,394
Organization Details
Founding Year
1989
Principal Officer
Margaret Salazar
Website
www.reachcdc.orgNTEE Category
Code: L210 - Housing
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