Overview
What is Mcdowell Housing Corporation?
Mcdowell Housing Corporation, a North Carolina-based nonprofit organization, was founded with the mission to provide low-income housing solutions in Marion, North Carolina. They constructed and operate Blue Ridge Terrace Apartments, a 60-unit community, under Section 223(F) of the National Housing Act. The corporation collaborates with the Federal Housing Administration (FHA) Section of HUD, ensuring a steady rental income for eligible low-income families through the Section 8 program's Housing Assistance Payment Contract (HAP). The corporation's primary objective is to contribute to affordable housing for individuals and families in Marion, North Carolina.
Is Mcdowell Housing Corporation legitimate?
Mcdowell Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcdowell Housing Corporation 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 Mcdowell Housing Corporation?
The Mcdowell Housing Corporation, established as a North Carolina not-for-profit organization, is committed to providing low-income housing. Specifically, they constructed, own, and manage Blue Ridge Terrace Apartments, a 60-unit community, in compliance with Section 223(F) of the National Housing Act. The corporation operates under the standard regulatory agreements with the Federal Housing Administration (FHA) section of HUD. They secure rent for low-income families or individuals through a Housing Assistance Payment Contract (HAP) provided by the Section 8 program of the National Housing Act. In essence, the Mcdowell Housing Corporation aims to offer affordable housing solutions, ensuring that eligible individuals have a suitable living space.
Who is the CEO of Mcdowell Housing Corporation?
Larry Ramsey is the President of Mcdowell Housing Corporation.
What is the revenue of Mcdowell Housing Corporation?
Mcdowell Housing Corporation's revenue in 2022 was $586,096.
Who are the executives of Mcdowell Housing Corporation and what are their salaries?
- Larry Ramsey (President) [Trustee/Director]
- Allen Mckinney (Vice President) [Trustee/Director]
- James Washburn (Secretary/Treasurer) [Trustee/Director]
- Cline Pyatt (Director)
- Deborah Laney (Director)
- Doug Johnson (Director)
- Geretha Byrd (Director)
Where can I find the form 990 for Mcdowell Housing Corporation?
The Mcdowell Housing Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Mcdowell Housing Corporation
Mcdowell Housing Corporation, a North Carolina-based not-for-profit organization, was established with the mission to provide low-income families and individuals with housing. To fulfill this mission, the corporation constructed, owns, and operates Blue Ridge Terrace Apartments, a 60-unit housing community. Mcdowell Housing Corporation operates under the guidelines of Section 223(F) of the National Housing Act, and has entered into regulatory agreements with the Federal Housing Administration section of HUD. The organization's operations are funded through a Housing Assistance Payment Contract (HAP) that provides rent for eligible low-income families, as part of the Section 8 program of the National Housing Act. In essence, Mcdowell Housing Corporation is committed to offering affordable housing solutions, thereby helping low-income individuals and families secure a stable living environment.
Impact
This information is meant to be a general summary of Mcdowell Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
Mcdowell Housing Corporation's impact lies in providing low-income housing to families and individuals in Marion, North Carolina. Through the construction, ownership, and operation of the Blue Ridge Terrace Apartments, this organization offers essential housing options for those in need. The Housing Assistance Payment contract under the Section 8 program of the National Housing Act ensures that low-income families or individuals receive the necessary support for affordable housing. The work of Mcdowell Housing Corporation helps to address the housing needs of the community and contributes to enhancing the quality of life for its residents.
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.
TENANT RENTAL PAYMENTS
Revenue
$160,585
TENANT CHARGES
Revenue
$10,729
LAUNDRY AND VENDING
Revenue
$2,769
Organization Details
Founding Year
1979
Phone
(336) 765-3906
Principal Officer
Larry Ramsey
Main Address
2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127
NTEE Category
Code: L20Z - Housing
If you are a representative of Mcdowell Housing Corporation 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.