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Venable Apartments Ii Inc

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

EIN: 341994111 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is Venable Apartments Ii Inc?

Venable Apartments II Inc, established in 2004, is a Maryland-based nonprofit corporation. Its primary mission is to provide affordable housing solutions for the elderly, as outlined under Section 202 of the National Housing Act. The organization, located at 401 E Woodbourne Avenue, Baltimore, MD 21212, was financed by the U.S. Department of Housing and Urban Development (HUD). Operating under HUD's regulations, Venable Apartments II ensures reasonable rent charges and adheres to specific operating methods. The nonprofit's housing facility encompasses 73 units, catering to the elderly population's needs.


Is Venable Apartments Ii Inc legitimate?

Venable Apartments Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venable Apartments Ii 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 Venable Apartments Ii Inc?
Who is the CEO of Venable Apartments Ii Inc?
What is the revenue of Venable Apartments Ii Inc?
Who are the executives of Venable Apartments Ii Inc and what are their salaries?
Where can I find the form 990 for Venable Apartments Ii Inc?

Mission Statement of Venable Apartments Ii Inc

Venable Apartments II Inc, established in 2004, is dedicated to providing affordable housing solutions for the elderly. This mission is in line with Section 202 of the National Housing Act. The organization constructs and manages housing facilities, specifically catering to elderly individuals, offering them a suitable living environment. The entity secured funding for this project through the U.S. Department of Housing and Urban Development (HUD), making it subject to HUD's regulations regarding rent charges and operating methods. This ensures that the elderly residents of Venable Apartments II Inc can afford the housing and live comfortably within their means.

Impact

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




Wednesday, July 24, 2024

Venable Apartments II Inc's impact lies in providing essential affordable housing to elderly individuals in Baltimore, MD. Through its 73 units, this organization plays a vital role in ensuring that senior citizens have a safe and stable place to call home. By operating under Section 202 of the National Housing Act and being regulated by HUD, Venable Apartments II Inc contributes significantly to addressing the housing needs of the elderly population and promoting overall well-being 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: $22
  • Program Service Revenue: $256,301
  • Gross Receipts: $638,545

    • Assets and Liabilities:
  • Total Assets: $4,090,959
  • Total Liabilities: $6,555,360
  • Net Assets: -$2,464,401
  • Programs

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

    RENTAL INCOME

    Revenue

    $256,301

    Organization Details

    Founding Year

    2004

    Principal Officer

    Thomas Monahan

    Main Address

    401 E WOODBOURNE AVENUE, BALTIMORE, MD, 21212

    NTEE Category

    Code: L22 - Housing

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