Volunteer Housing Development Corporation Inc

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

EIN: 581400610 ✦ Morristown, TN ✦ Designated as a 501(c)(3)

Overview

What is Volunteer Housing Development Corporation Inc?

Volunteer Housing Development Corporation Inc, located in Morristown, Tennessee, is a dedicated nonprofit organization. Their primary mission revolves around providing housing assistance to individuals with low income, the elderly, and those with disabilities. They manage a total of 192 housing units, funded by both the U.S. Department of Housing and Urban Development (HUD) under Section 202, and the Farmers Home Administration (FHA). This assistance ensures a safe and comfortable living environment for those in need, contributing positively to their quality of life.


Is Volunteer Housing Development Corporation Inc legitimate?

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

Mission Statement of Volunteer Housing Development Corporation Inc

Volunteer Housing Development Corporation Inc is dedicated to providing housing solutions for individuals who fall under the categories of low income, elderly, and handicapped. This nonprofit organization fulfills its mission by operating HUD-assisted housing units, specifically 144 units under Section 202 and 48 units under the Farmers Home program. By doing so, Volunteer Housing Development Corporation Inc plays a crucial role in ensuring that these vulnerable groups have access to safe and affordable housing options.

Impact

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




Saturday, July 20, 2024

Volunteer Housing Development Corporation Inc plays a crucial role in providing HUD-assisted housing for low-income, elderly, and handicapped individuals in the city of Morristown, TN. With a total of 144 HUD units and 48 Farmers Home units, this organization offers affordable housing options to those in need. By focusing on this mission of providing housing assistance to vulnerable populations, Volunteer Housing Development Corporation Inc helps improve the quality of life for those it serves. Their impact directly addresses the critical need for accessible and affordable housing in the community, making a tangible difference in the lives of individuals facing economic challenges or disabilities.





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 2023.

  • Investment Income: $813,417
  • Program Service Revenue: $588,897
  • Gross Receipts: $1,850,035

    • Assets and Liabilities:
  • Total Assets: $5,912,020
  • Total Liabilities: $5,745,514
  • Net Assets: $166,506
  • Programs

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

    RENTAL INCOME

    Revenue

    $445,450

    MANAGEMENT FEES

    Revenue

    $125,105

    TENANT CHARGES

    Revenue

    $12,797

    LAUNDRY AND VENDING INCOME

    Revenue

    $5,545

    Organization Details

    Founding Year

    1970

    Principal Officer

    Kay Hale

    Main Address

    PO BOX 1218, MORRISTOWN, TN, 378161218

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Volunteer Housing Development Corporation 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.