Mayfield Memorial Apartments Inc

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

EIN: 581493398 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is Mayfield Memorial Apartments Inc?

Mayfield Memorial Apartments Inc, located in Charlotte, North Carolina, is a nonprofit organization that prioritizes affordable housing for the elderly and individuals with disabilities. Adhering to HUD subsidized housing regulations, they offer 60 units, ensuring that these vulnerable groups have a suitable living space. The organization's mission revolves around providing affordable housing, enhancing the quality of life for its residents and contributing to their overall well-being.


Is Mayfield Memorial Apartments Inc legitimate?

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

Mission Statement of Mayfield Memorial Apartments Inc

Mayfield Memorial Apartments Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for the elderly and handicapped. With a strong mission, the organization has set out to make a significant impact in this demographic, ensuring they have access to suitable living spaces within the regulations of HUD subsidized housing. Specifically, Mayfield Memorial Apartments Inc has established 60 low and moderate rental units, catering to this specific group of individuals. By doing so, the organization is contributing to the well-being and comfort of these individuals, providing them with a secure and affordable living environment.

Impact

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




Wednesday, July 24, 2024

Mayfield Memorial Apartments Inc's impact lies in providing affordable housing to the elderly and handicapped within HUD subsidized housing regulations. By offering 60 low and moderate rental units in Charlotte, NC, this organization directly addresses the critical need for accessible and affordable housing in the community. Through its mission of providing housing to vulnerable populations, Mayfield Memorial Apartments Inc helps improve the quality of life for individuals who may otherwise struggle to find suitable accommodation.





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: $-3,917
  • Program Service Revenue: $183,061
  • Gross Receipts: $527,309

    • Assets and Liabilities:
  • Total Assets: $1,143,812
  • Total Liabilities: $1,848,173
  • Net Assets: -$704,361
  • Programs

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

    RENTAL INCOME

    Revenue

    $181,827

    TENANT CHARGES

    Revenue

    $1,234

    Organization Details

    Founding Year

    1977

    Principal Officer

    Donnie R Petway

    Main Address

    4912 DAYBREAK DRIVE, CHARLOTTE, NC, 28269

    NTEE Category

    Code: L22 - Housing

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