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Banyan Club Apartments Holding Corp

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

EIN: 463995603 ✦ West palm beach, FL ✦ Designated as a 501(c)(3)

Overview

What is Banyan Club Apartments Holding Corp?

Banyan Club Apartments Holding Corp is a corporation based in West Palm Beach, Florida, specifically at 3333 Forest Hill Blvd, 33406. Their primary objective is to acquire, own, maintain, and operate the Banyan Club Apartments, which is a 148-unit residential complex. This endeavor is geared towards providing affordable housing options to residents of Palm Beach County, with income levels at 60% or less than the area median income. The corporation is committed to ensuring the upkeep and operation of the apartments to cater to this specific demographic.


Is Banyan Club Apartments Holding Corp legitimate?

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

Mission Statement of Banyan Club Apartments Holding Corp

Banyan Club Apartments Holding Corp, as a nonprofit organization, is committed to acquiring, owning, maintaining, and operating the Banyan Club Apartments for the purpose of providing affordable housing. This mission is specifically targeted towards citizens of Palm Beach County with income levels that fall below 60% of the area median income. By managing this 148-unit residential apartment complex, Banyan Club Apartments Holding Corp aims to contribute positively to the community, ensuring that a significant portion of its population has access to reasonably priced housing.

Impact

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




Saturday, July 20, 2024

Banyan Club Apartments Holding Corp plays a crucial role in providing affordable housing options for residents of Palm Beach County with incomes at 60% or less of the area median income. By acquiring, owning, holding, maintaining, and operating the Banyan Club Apartments, this organization ensures that individuals and families in need have access to quality housing. Their impact directly addresses the pressing issue of affordable housing in the community, offering a stable and secure living environment for those who may struggle to afford housing at market rates.





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: $3,684
  • Program Service Revenue: $1,433,324
  • Gross Receipts: $1,449,969

    • Assets and Liabilities:
  • Total Assets: $3,946,015
  • Total Liabilities: $6,503,572
  • Net Assets: -$2,557,557
  • Programs

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

    TENANT REVENUE

    Revenue

    $1,433,324

    Organization Details

    Founding Year

    2013

    Principal Officer

    Carol Jones-Gilbert

    Main Address

    3333 FOREST HILL BLVD, WEST PALM BEACH, FL, 33406

    NTEE Category

    Code: L99 - Housing

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