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Presbyterian Homes Of Decatur Inc

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

EIN: 630829521 ✦ Decatur, AL ✦ Designated as a 501(c)(3)

Overview

What is Presbyterian Homes Of Decatur Inc?

Presbyterian Homes of Decatur Inc is a dedicated nonprofit organization situated in Decatur, committed to addressing the housing needs of individuals with limited income. They provide affordable living solutions through 101 one-bedroom apartments, which are subsidized under section 202 of the National Housing Act and overseen by HUD. The organization's primary objective is to offer accessible housing, ensuring that those in need have a comfortable place to call home. Additional tenant conveniences include laundry facilities. The mission of Presbyterian Homes of Decatur Inc remains focused on enhancing the living conditions of its residents, providing a secure and supportive environment for them.


Is Presbyterian Homes Of Decatur Inc legitimate?

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

Mission Statement of Presbyterian Homes Of Decatur Inc

Presbyterian Homes of Decatur Inc, a non-profit organization, is committed to providing affordable housing solutions for individuals in need. Their mission is exemplified through the operation of 101 one-bedroom apartments, funded under section 202 of the National Housing Act and regulated by HUD. This dedicated effort aims to make housing more accessible for those who may struggle financially, ensuring they have a place to call home. Additionally, the organization offers a convenient laundry facility for its tenants, enhancing their living conditions.

Impact

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




Saturday, July 20, 2024

Presbyterian Homes of Decatur Inc has a significant impact on the community by providing affordable housing to low-income individuals in Decatur, Alabama. Through its 101 one-bedroom apartments under section 202 of the National Housing Act as regulated by HUD, the organization fulfills its mission of ensuring that those in need have access to safe and affordable housing. By offering laundry facilities for tenant convenience, Presbyterian Homes of Decatur Inc not only meets a basic need but also enhances the quality of life for its residents. This impact falls under the broader category of addressing housing insecurity and improving the overall well-being of individuals in the community.





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: $329
  • Program Service Revenue: $1,251,556
  • Gross Receipts: $1,251,885

    • Assets and Liabilities:
  • Total Assets: $2,646,518
  • Total Liabilities: $3,995,150
  • Net Assets: -$1,348,632
  • Programs

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

    RENTAL INCOME

    Revenue

    $404,302

    MISCELLANEOUS

    Revenue

    $13,230

    LAUNDRY & VENDING

    Revenue

    $3,938

    TENANT CHARGES

    Revenue

    $1,212

    Organization Details

    Founding Year

    1984

    Principal Officer

    William Heim

    Main Address

    1824 PRESYBTERIAN DRIVE SW, DECATUR, AL, 35603

    NTEE Category

    Code: L21 - Housing

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