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Socayr Inc

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

EIN: 611352670 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

Overview

What is Socayr Inc?

Socayr Inc is a nonprofit organization headquartered in Louisville, Kentucky (KY), specifically at 1244 S Fourth Street, zip code 40203. Their mission is dedicated to empowering affordable housing, as stated in their description. The organization has been established to foster this cause, as emphasized by their mission description repeated twice in the information.


Is Socayr Inc legitimate?

Socayr Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Socayr 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: $1,229,370

For more financial information, click here


What is the mission statement of Socayr Inc?
Who is the CEO of Socayr Inc?
What is the revenue of Socayr Inc?
Who are the executives of Socayr Inc and what are their salaries?
Where can I find the form 990 for Socayr Inc?

Mission Statement of Socayr Inc

Socayr Inc, an organization with a mission to foster the empowerment of affordable housing, was established with a clear vision in mind. This nonprofit organization is dedicated to making a difference in the lives of individuals and families by promoting affordable housing opportunities.

At its core, Socayr Inc believes that everyone deserves a safe and stable place to call home. By fostering the empowerment of affordable housing, the organization aims to provide a foundation for individuals and families to build stronger, more secure lives. This mission is not just about providing shelter, but also about creating communities where people can thrive.

Socayr Inc's work goes beyond simply providing affordable housing units. The organization is committed to empowering individuals and families to take control of their living situations and build a better future for themselves. By fostering a sense of community and providing resources and support, Socayr Inc helps to create an environment where people can feel secure and confident in their ability to succeed.

In summary, Socayr Inc is a forward-thinking organization that is dedicated to making a positive impact on the lives of individuals and families by promoting affordable housing opportunities and empowering people to take control of their living situations. Through its mission to foster the empowerment of affordable housing, Socayr Inc is helping to build stronger, more secure communities and create a better future for all.

Impact

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




Thursday, August 15, 2024

Socayr Inc is making a significant impact in Louisville, KY by fostering the empowerment of affordable housing. Their mission to provide affordable housing initiatives is crucial in addressing the housing challenges faced by many individuals and families in the community. By focusing on this vital need, Socayr Inc is working towards creating a more inclusive and stable housing environment for all residents in Louisville.





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: $307,419
  • Program Service Revenue: $12,177,975
  • Gross Receipts: $13,761,199

    • Assets and Liabilities:
  • Total Assets: $41,734,028
  • Total Liabilities: $24,565,049
  • Net Assets: $17,168,979
  • Programs

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

    DEVELOPER FEE REVENUE

    Revenue

    $9,072,728

    RENTAL INCOME

    Revenue

    $3,105,247

    Organization Details

    Founding Year

    2001

    Principal Officer

    Travis Yates

    Main Address

    1244 S FOURTH STREET, LOUISVILLE, KY, 40203

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Socayr 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.