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East Salem Homes Inc

University Place

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

EIN: 581366719 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(3)

Overview

What is East Salem Homes Inc?

East Salem Homes Inc, operating under the name University Place, is a nonprofit organization situated in Winston-Salem, North Carolina (NC 27127). Their primary mission is to provide low-income housing services, specifically catering to the elderly and disabled individuals. They manage a 97-unit apartment complex under Section 202 of the U.S. Housing Act of 1959, aiming to offer a suitable living environment for this specific population group.


Official website here: www.nchsm.org

Is East Salem Homes Inc legitimate?

East Salem Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Salem Homes 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


Official website here: www.nchsm.org

What is the mission statement of East Salem Homes Inc?

East Salem Homes Inc is dedicated to providing housing services for low-income elderly and handicapped individuals. Their mission, as outlined, is to develop and operate an apartment complex under Section 202 of the U.S. Housing Act of 1959. Specifically, they are currently operating a 97-unit apartment complex that caters to this demographic. Their goal is to provide a suitable living environment for these individuals, ensuring they have access to safe and affordable housing.


Official website here: www.nchsm.org

Who is the CEO of East Salem Homes Inc?

Tammy Vernon is the Secretary of East Salem Homes Inc.


Official website here: www.nchsm.org

What is the revenue of East Salem Homes Inc?

East Salem Homes Inc's revenue in 2022 was $1,249,166.


Official website here: www.nchsm.org

Who are the executives of East Salem Homes Inc and what are their salaries?

Here are 4 key members and their salaries:

    Mallory Oates (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Peatross (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Garry Merritt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tammy Vernon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nchsm.org

    Where can I find the form 990 for East Salem Homes Inc?

    The East Salem Homes Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nchsm.org

    Learn more at the official website: www.nchsm.org

    Mission Statement of East Salem Homes Inc

    East Salem Homes Inc, a nonprofit organization, is dedicated to providing housing services for individuals who are both elderly and handicapped, falling under the low-income bracket. Their mission is crystal clear: to develop and manage an apartment complex that caters specifically to this demographic, adhering to Section 202 of the U.S. Housing Act of 1959. This Act is a significant legislative initiative aimed at addressing the housing needs of vulnerable populations. In line with their mission, East Salem Homes Inc operates a 97-unit apartment complex, providing a safe and accessible living environment for these individuals, enabling them to maintain their independence and dignity.

    Impact

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




    Saturday, July 20, 2024

    East Salem Homes Inc has a significant impact on the community by providing low-income housing services through the operation of a 97 unit apartment complex for elderly and handicapped individuals under Section 202 of the U.S. Housing Act of 1959. This initiative addresses a critical need for affordable housing for vulnerable populations, helping to ensure that these individuals have a safe and secure place to live. By fulfilling its mission to develop and operate an apartment complex under Section 202 of HUD for the low-income elderly and handicapped, East Salem Homes Inc is making a concrete difference in the lives of those in need in Winston-Salem, NC.





    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: $432
  • Program Service Revenue: $234,734
  • Gross Receipts: $1,249,166

    • Assets and Liabilities:
  • Total Assets: $2,625,515
  • Total Liabilities: $3,045,546
  • Net Assets: -$420,031
  • Programs

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

    TENANT RENTAL PAYMENTS

    Revenue

    $232,245

    LAUNDRY AND VENDING

    Revenue

    $2,059

    TENANT CHARGES

    Revenue

    $430

    Organization Details

    Founding Year

    1979

    Principal Officer

    Tammy Vernon

    Main Address

    2585 W CLEMMONSVILLE RD SUITE 102, WINSTONSALEM, NC, 27127

    NTEE Category

    Code: L210 - Housing

    If you are a representative of East Salem Homes Inc 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.