Overview
What is Bonham Rhf Housing Inc?
Bonham Rhf Housing Inc is a nonprofit corporation established in Texas, dedicated to providing housing for low-income elderly individuals. It operates a 40-unit community named Pecan Place in Bonham, Texas, in accordance with Section 202 of the National Housing Act. The organization encountered structural issues with some units, resulting in temporary unavailability of 4 units in February 2023 and 17 units in February 2022. To address these issues, the mortgage was refinanced in March 2020, securing repair escrow funds. The mission of Bonham Rhf Housing Inc is to offer a supportive living environment for its elderly residents.
Official website here: www.rhf.org
Is Bonham Rhf Housing Inc legitimate?
Bonham Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonham Rhf Housing 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.rhf.org
What is the mission statement of Bonham Rhf Housing Inc?
Bonham Rhf Housing Inc, a non-profit corporation, was established with the purpose of operating a 40-unit community, known as Pecan Place, providing housing for low-income elderly persons. The organization operates under Section 202 of the National Housing Act, amended. Due to structural issues, a few units were offline in 2022 and 2023, with 17 units offline in 2022. To address these issues, the mortgage was refinanced in March 2020, providing repair escrow funds. The primary objective of Bonham Rhf Housing Inc is to provide housing for low-income elderly individuals, ensuring their living conditions are safe and functional.
Official website here: www.rhf.org
Who is the CEO of Bonham Rhf Housing Inc?
Stuart Hartman is the Principal Officer of Bonham Rhf Housing Inc. The CEO's salary of Bonham Rhf Housing Inc is $0 and their total compensation is $682,064.
Official website here: www.rhf.org
What is the revenue of Bonham Rhf Housing Inc?
Bonham Rhf Housing Inc's revenue in 2023 was $388,245.
Official website here: www.rhf.org
Who are the executives of Bonham Rhf Housing Inc and what are their salaries?
Here are 35 key members and their salaries (Bonham Rhf Housing Inc's CEO's salary is $0 and their total compensation is $682,064):
- Compensation: $0
- Related: $608,035
- Other: $74,029
- Compensation: $0
- Related: $442,308
- Other: $43,069
- Compensation: $0
- Related: $313,582
- Other: $17,519
- Compensation: $0
- Related: $242,812
- Other: $11,672
- Compensation: $0
- Related: $239,282
- Other: $29,102
- Compensation: $0
- Related: $235,353
- Other: $42,526
- Compensation: $0
- Related: $231,220
- Other: $42,394
- Compensation: $0
- Related: $218,679
- Other: $16,908
- Compensation: $0
- Related: $214,343
- Other: $15,930
- Compensation: $0
- Related: $195,871
- Other: $18,163
- Compensation: $0
- Related: $196,730
- Other: $13,455
- Compensation: $0
- Related: $167,122
- Other: $5,014
- Compensation: $0
- Related: $165,017
- Other: $12,398
- Compensation: $0
- Related: $161,428
- Other: $13,535
- Compensation: $0
- Related: $160,693
- Other: $4,725
- Compensation: $0
- Related: $162,871
- Other: $13,914
- Compensation: $0
- Related: $161,559
- Other: $15,584
- Compensation: $0
- Related: $158,830
- Other: $21,653
- Compensation: $0
- Related: $156,800
- Other: $12,888
- Compensation: $0
- Related: $150,563
- Other: $9,786
- Compensation: $0
- Related: $151,621
- Other: $16,442
- Compensation: $0
- Related: $148,565
- Other: $4,498
- Compensation: $0
- Related: $147,762
- Other: $5,391
- Compensation: $0
- Related: $147,683
- Other: $14,966
- Compensation: $0
- Related: $149,091
- Other: $3,501
- Compensation: $0
- Related: $145,806
- Other: $13,849
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Bonham Rhf Housing Inc?
Bonham Rhf Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Bonham Rhf Housing Inc
Bonham RHF Housing Inc, a non-profit organization established in accordance with Texas's not-for-profit statutes, was formed with the purpose of operating a 40-unit community named Pecan Place. This community is situated in Bonham, Texas, and is dedicated to providing housing for low-income elderly individuals, in line with Section 202 of the National Housing Act.
At certain points in February 2022 and 2023, Bonham RHF Housing Inc experienced issues with some of its units, which were subsequently taken offline. Specifically, there were 17 and 4 units offline, respectively, due to structural problems. However, the organization took proactive measures to address these issues. In March 2020, Bonham RHF Housing Inc refinanced its mortgage, securing repair escrow funds. These funds were intended to be used to rectify the structural issues, thus ensuring the continued provision of safe and comfortable housing for its elderly residents.
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Impact
October, 2024
Bonham RHF Housing Inc. operates Pecan Place, a 40-unit housing community in Bonham, Texas, specifically designed to support low-income elderly individuals. By providing affordable housing, it significantly contributes to the well-being and stability of vulnerable seniors in the community. This service addresses a critical need by offering a safe and supportive living environment for the elderly who may otherwise struggle to find affordable housing solutions.
Recent challenges, such as structural issues that temporarily rendered some units offline, highlight the organization's commitment to maintaining quality living conditions. The refinancing of the mortgage in March 2020 allowed for the allocation of funds specifically aimed at repairing these structural problems, demonstrating a proactive approach to both financial sustainability and resident safety.
Overall, Bonham RHF Housing Inc. plays a crucial role in enhancing the quality of life for low-income elderly residents, ensuring they have access to safe, affordable housing while fostering a sense of community and support among its residents.
This information is meant to be a general summary of Bonham Rhf Housing 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: $510
- Program Service Revenue: $90,319
- Gross Receipts: $388,245
Assets and Liabilities:
- Total Assets: $2,342,327
- Total Liabilities: $3,384,227
- Net Assets: -$1,041,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$90,319
Organization Details
Founding Year
1985
Phone
(562) 257-5100Principal Officer
Stuart Hartman
Main Address
911 N STUDEBAKER ROAD, LONG BEACH, CA, 90815
Website
www.rhf.orgNTEE Category
Code: L22 - Housing
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