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Calloway Street One Inc

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

EIN: 020626104 ✦ Salisbury, MD ✦ Designated as a 501(c)(3)

Overview

What is Calloway Street One Inc?

Calloway Street One Inc., established in December 2001 in Salisbury, Maryland, is a nonprofit organization primarily focused on providing affordable housing for the elderly. Operating under Section 202 of the National Affordable Housing Act, the organization manages a 10-unit apartment community named Calloway Street One, situated in Wicomico County, Maryland. Adhering to the provisions of this act, any rent increases require prior approval from the U.S. Department of Housing and Urban Development (HUD). The organization's mission is to ensure that affordable housing remains accessible to the elderly population, contributing positively to their living conditions.


Is Calloway Street One Inc legitimate?

Calloway Street One Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calloway Street One 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Calloway Street One Inc?
Who is the CEO of Calloway Street One Inc?
What is the revenue of Calloway Street One Inc?
Who are the executives of Calloway Street One Inc and what are their salaries?
Where can I find the form 990 for Calloway Street One Inc?

Mission Statement of Calloway Street One Inc

Calloway Street One Inc, established with a mission under the laws of Maryland, is dedicated to providing affordable housing for the elderly. Operating under Section 202 of the National Affordable Housing Act, this nonprofit organization aims to make housing accessible and affordable for this specific demographic. The corporation, formed in December 2001, manages a 10-unit apartment community, known as Calloway Street One. The regulatory agreement in place ensures that the corporation cannot increase rents for its tenants without prior approval from the HUD, ensuring that the cost of living remains manageable for the elderly residents. By providing affordable housing options, Calloway Street One Inc contributes to enhancing the quality of life for the elderly, providing a secure and stable living environment.

Impact

This information is meant to be a general summary of Calloway Street One Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, August 4, 2024

Calloway Street One Inc provides affordable housing for the elderly under Section 202 of the National Affordable Housing Act. By owning and operating a 10-unit apartment community in Wicomico County, Maryland, this organization ensures that elderly individuals have access to safe and affordable housing. Their impact is evident in the improved quality of life for elderly residents who may otherwise struggle to find suitable housing options. Through their efforts, Calloway Street One Inc helps to address the housing needs of a vulnerable population, promoting stability and well-being among the elderly in the community.





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: $71
  • Program Service Revenue: $33,492
  • Gross Receipts: $72,963

    • Assets and Liabilities:
  • Total Assets: $903,132
  • Total Liabilities: $1,339,421
  • Net Assets: -$436,289
  • Programs

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

    RENTAL INCOME

    Revenue

    $33,492

    Organization Details

    Founding Year

    2001

    Principal Officer

    Joyce Schuldt

    Main Address

    716 NORTH DIVISION STREET, SALISBURY, MD, 21801

    NTEE Category

    Code: L20 - Housing

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