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Richard Walz Apartments Inc

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

EIN: 264592409 ✦ Jefferson city, MO ✦ Designated as a 501(c)(3)

Overview

What is Richard Walz Apartments Inc?

Richard Walz Apartments Inc is a nonprofit housing facility located in Jefferson City, Missouri. It offers supportive housing for individuals with chronic mental health disabilities, accommodating ten residents in nine subsidized units. The organization operates under Section 811 of the National Affordable Housing Act, overseen by the U.S. Department of Housing and Urban Development (HUD) regarding rental rates and operational procedures. The organization's primary program is its Section 811 Capital Advance and the related Project Rental Assistance Contract (PRAC).


Is Richard Walz Apartments Inc legitimate?

Richard Walz Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richard Walz 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,500

For more financial information, click here


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

Mission Statement of Richard Walz Apartments Inc

The Richard Walz Apartments Inc, a residential facility, offers supportive housing for individuals struggling with chronic mental health disabilities. This organization's project, located under Section 811 of the National Affordable Housing Act, is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rental charges and operating methods. The organization's primary program is its Section 811 Capital Advance and the related Project Rental Assistance Contract (PRAC). In essence, the Richard Walz Apartments Inc aims to provide a safe and subsidized living space for those battling mental health challenges, offering them a chance at a more stable and secure life.

Impact

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




Tuesday, June 18, 2024

Richard Walz Apartments Inc's impact lies in providing essential supportive housing for individuals with chronic mental health disabilities in Jefferson City, Missouri. Through their ten-bed residential facility with nine subsidized units, the organization offers a vital resource for those in need. By operating under Section 811 of the National Affordable Housing Act and following regulations set by the U.S. Department of Housing and Urban Development, Richard Walz Apartments Inc ensures that individuals with mental health challenges have access to safe and affordable housing. This initiative plays a crucial role in supporting the well-being and stability of vulnerable individuals 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 2023.

  • Investment Income: $34
  • Program Service Revenue: $29,526
  • Gross Receipts: $66,820

    • Assets and Liabilities:
  • Total Assets: $1,009,972
  • Total Liabilities: $101,793
  • Net Assets: $908,179
  • Programs

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

    TENANT RENT

    Revenue

    $27,398

    LAUNDRY REVENUE

    Revenue

    $2,128

    Organization Details

    Founding Year

    2009

    Principal Officer

    Chi Cheung

    Main Address

    2013 WILLIAM STREET, JEFFERSON CITY, MO, 65109

    NTEE Category

    Code: F33 - Mental health

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