nonprofit logo

Sandy Run Missionary Baptist Church Apts

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

EIN: 561053910 ✦ Jacksonville, NC ✦ Designated as a 501(c)(3)

Overview

What is Sandy Run Missionary Baptist Church Apts?

Sandy Run Missionary Baptist Church Apts is a North Carolina-based nonprofit corporation, established in accordance with the state's not-for-profit statutes. Their primary mission is to rehabilitate and operate a 152-unit community named Sandy Run Apartments in Jacksonville, offering affordable housing for individuals with low to moderate income. Financed under Section 221(D)(3) of the National Housing Act, they have a regulatory agreement with HUD, providing a Section 8 rent assistance program. The corporation leases apartment units to eligible families and has entered into a Housing Assistance Payment Contract with HUD, ensuring affordable housing for low-income families in the area.


Is Sandy Run Missionary Baptist Church Apts legitimate?

Sandy Run Missionary Baptist Church Apts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sandy Run Missionary Baptist Church Apts 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 Sandy Run Missionary Baptist Church Apts?
Who is the CEO of Sandy Run Missionary Baptist Church Apts?
What is the revenue of Sandy Run Missionary Baptist Church Apts?
Who are the executives of Sandy Run Missionary Baptist Church Apts and what are their salaries?
Where can I find the form 990 for Sandy Run Missionary Baptist Church Apts?

Mission Statement of Sandy Run Missionary Baptist Church Apts

Sandy Run Missionary Baptist Church Apts, a not-for-profit corporation, was established in accordance with North Carolina's not-for-profit statutes. Its primary mission is to rehabilitate and operate a 152-unit community, known as Sandy Run Apartments, providing affordable housing for individuals with low and moderate income. This mission is carried out in compliance with Section 221(D)(3) of the National Housing Act. The organization has entered into a regulatory agreement with the Federal Housing Administration (FHA) section of HUD, governing the operation of the community.

In the usual course of business, Sandy Run Missionary Baptist Church Apts leases apartment units to low-income families. Furthermore, the organization has secured a Housing Assistance Payment contract with HUD, which operates as a Section 8 rent assistance program for low-income families. This contract enables the corporation to provide financial aid to its residents, making housing more accessible and affordable. The mission of Sandy Run Missionary Baptist Church Apts is thus to provide a safe and affordable living space for individuals with limited financial means, promoting their overall well-being and stability.

Impact

This information is meant to be a general summary of Sandy Run Missionary Baptist Church Apts. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Sandy Run Missionary Baptist Church Apartments provides essential housing for individuals with low and moderate incomes in Jacksonville, North Carolina. Through its operation of a 152 unit community, this organization plays a crucial role in offering affordable housing options to those in need. By participating in government programs such as Section 221(D)(3) of the National Housing Act and the Section 8 rent assistance program, Sandy Run Missionary Baptist Church Apartments directly impacts the lives of low-income families by providing a stable and safe living environment. Their mission to rehabilitate and operate this community demonstrates a commitment to addressing housing needs and creating a positive impact on 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: $197
  • Program Service Revenue: $497,128
  • Gross Receipts: $1,279,179

    • Assets and Liabilities:
  • Total Assets: $6,621,339
  • Total Liabilities: $8,140,482
  • Net Assets: -$1,519,143
  • Programs

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

    RENTAL INCOME

    Revenue

    $497,128

    Organization Details

    Founding Year

    1974

    Principal Officer

    Jacob Evans

    Main Address

    200 COLEMAN DRIVE, JACKSONVILLE, NC, 28546

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Sandy Run Missionary Baptist Church Apts and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.