Overview
What is Sullivan Mckinney Elder Housing Inc?
Sullivan Mckinney Elder Housing Inc is a nonprofit organization situated in Fairfield, Connecticut, dedicated to providing affordable housing for the elderly and eligible occupants. Under the National Housing Act and its regulations, they lease, renovate, and manage an apartment complex of 40 units. The project is regulated by the Department of Housing and Urban Development (HUD) regarding rent charges and operating methods. The organization receives mortgage financing under Section 202, and around 75% of its apartment rental income comes from Section 8 subsidies provided by HUD. This subsidized housing helps ensure that the elderly can maintain a comfortable living situation.
Is Sullivan Mckinney Elder Housing Inc legitimate?
Sullivan Mckinney Elder Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sullivan Mckinney Elder 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,820
For more financial information, click here
What is the mission statement of Sullivan Mckinney Elder Housing Inc?
Sullivan Mckinney Elder Housing Inc's primary mission is to provide housing for the elderly and eligible occupants, adhering to Section 202 of the National Housing Act and its regulations. The organization has renovated and operates an apartment complex of 40 units, located in an undisclosed location. This project is regulated by the Department of Housing and Urban Development (HUD) in terms of rent charges and operating methods. The agency secures mortgage financing under Section 202 and receives approximately 75% of its apartment rental income from Section 8 subsidies provided by HUD.
Who is the CEO of Sullivan Mckinney Elder Housing Inc?
David Becker is the President of Sullivan Mckinney Elder Housing Inc.
What is the revenue of Sullivan Mckinney Elder Housing Inc?
Sullivan Mckinney Elder Housing Inc's revenue in 2022 was $839,175.
Who are the executives of Sullivan Mckinney Elder Housing Inc and what are their salaries?
- Carolyn Durgy (President) [Trustee/Director]
- Reginald Fairbairn (Vp/Secretary) [Trustee/Director]
- David Becker (Treasurer) [Trustee/Director]
- Patrice Klein (Director)
- Connie Saxl (Director)
- Theresa Brown (Director)
Where can I find the form 990 for Sullivan Mckinney Elder Housing Inc?
The Sullivan Mckinney Elder Housing Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Sullivan Mckinney Elder Housing Inc
Sullivan Mckinney Elder Housing Inc, a nonprofit organization, is committed to providing housing for the elderly and eligible occupants, in accordance with Section 202 of the National Housing Act and its regulations. The organization has taken on this mission by leasing, renovating, and operating an apartment complex consisting of 40 units. This project is subject to regulation by the Department of Housing and Urban Development (HUD), overseeing both rent charges and operating methods. The agency receives financial support through mortgage financing under Section 202 and derives approximately 75% of its apartment rental income from Section 8 subsidies, provided by HUD. In essence, Sullivan Mckinney Elder Housing Inc's mission is to create a secure living environment for senior citizens and other eligible residents, ensuring they receive the necessary housing assistance to maintain a comfortable and sustainable lifestyle.
Impact
This information is meant to be a general summary of Sullivan Mckinney Elder Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Sullivan Mckinney Elder Housing Inc's impact is evident through its provision of affordable housing for the elderly and other eligible occupants in Fairfield, Connecticut. By operating an apartment complex of 40 units under Section 202 of the National Housing Act, the organization plays a vital role in addressing the need for low-income elderly housing in the community. Through its partnerships with HUD and the receipt of Section 8 subsidies, Sullivan Mckinney Elder Housing ensures that its residents have access to safe and affordable housing, thereby contributing to their well-being and quality of life.
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.
RENTAL INCOME
Revenue
$816,500
Organization Details
Founding Year
1984
Phone
(203) 259-1991
Principal Officer
David Becker
Main Address
224 MEADOWBROOK ROAD, FAIRFIELD, CT, 06824
NTEE Category
Code: L200 - Housing
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