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Volunteer Homes For Elderly

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

EIN: 621260299 ✦ Morristown, TN ✦ Designated as a 501(c)(3)

Overview

What is Volunteer Homes For Elderly?

Volunteer Homes For Elderly is a nonprofit organization situated in Morristown, Tennessee. They specialize in providing housing solutions for low-income elderly and handicapped individuals, adhering to regulations set by the U.S. Department of Housing and Urban Development (HUD) in terms of rent charges and operating methods. The organization manages 105 rental units within a complex, dedicated to serving this particular demographic under Section 202 of the National Housing Act. The primary mission of Volunteer Homes For Elderly is to ensure suitable housing options are available for this vulnerable group, aiming to enhance their quality of life.


Is Volunteer Homes For Elderly legitimate?

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

Mission Statement of Volunteer Homes For Elderly

Volunteer Homes For Elderly, as a nonprofit organization, is dedicated to providing housing solutions for low-income elderly and handicapped individuals. Aligning with Section 202 of the National Housing Act, this organization serves as a beacon of hope, offering suitable living spaces for those in need. Regulated by the Department of Housing and Urban Development (HUD), Volunteer Homes For Elderly ensures that rental charges and operational methods adhere to set standards, ensuring affordable and reliable housing options for its tenants. Currently, the organization manages 105 rental units in a complex, providing a secure and supportive living environment for its residents.

Impact

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




Saturday, July 20, 2024

Volunteer Homes For Elderly has had a significant impact by providing housing for low-income elderly and handicapped tenants in Morristown, TN. With 105 rental units in their complex, they have created a safe and affordable living environment for individuals in need. By operating under the regulations of HUD regarding rent charges and operating methods, Volunteer Homes For Elderly ensures that their tenants have access to suitable housing options. Through their mission to provide housing for low-income elderly or handicapped tenants under Section 202 of the National Housing Act, they are making a difference in the lives of those who are vulnerable and in need of assistance. This organization's dedication to offering housing solutions to this demographic demonstrates their commitment to improving the quality of life for those they serve.





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: $149
  • Program Service Revenue: $395,747
  • Gross Receipts: $835,920

    • Assets and Liabilities:
  • Total Assets: $2,733,346
  • Total Liabilities: $3,912,875
  • Net Assets: -$1,179,529
  • Programs

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

    RENTAL INCOME - APARTM

    Revenue

    $390,956

    LAUNDRY & VENDING INCO

    Revenue

    $3,654

    TENANT CHARGES

    Revenue

    $1,137

    Organization Details

    Founding Year

    1986

    Principal Officer

    Kay Hale

    Main Address

    PO BOX 1218, MORRISTOWN, TN, 378161218

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Volunteer Homes For Elderly 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.