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Kearney Villa Housing Corporation

Kearney Villa Housing Corporation

Springfield, MO 65803
Tax ID43-1557527

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About this organization

Revenue

$186,154

Expenses

$203,135

Mission

Kearney Villa Housing Corporation owns and operates a 31 unit apartment complex that provides safe and affordable housing to very low income families. The corporation's activities are operated under Section 202 of the National Housing Act and regulated by rules and regulations of the US Department of Housing and Urban Development (HUD). HUD provided the initial loan to construct the facility and provides much of the continuing support by way of monthly rent subsidy Section 8 - Housing Assistance Payments for the elderly. The loan was refinanced in 2017. The HAP contract is a rent assistance program for low income families. Eligible low income tenants pay 30% of their income as rent while HUD pays the difference between the contract rent and the rent paid by the tenant.

About

Provides safe and affordable housing to 31 elderly and low income families.

Interesting data from their 2020 990 filing

The filing documents outline the non-profit's mission as “Kearney villa housing coporation owns and operates a 31 unit apartment complex that provides safe and affordable housing to very low income families. the corporation's activities are operated under section 202 of the national housing act and regulated by rules and regulations of the us department of housing and urban development (hud). hud provided the initial loan to construct the facility and provides much of the continuing support by way of monthly rent subsidy section 8 - housing assistance payments for the elderly. the hap contract is a rent assistance program for low income families. eligible low income tenants pay 30% of their income as rent while hud pays the difference between the contract rent and the rent paid by the tenant.”.

When outlining the tasks it performs, they were referred to as: “Kearney villa housing corporation owns and operates a 31 unit apartment complex that provides safe and affordable housing to very low income families. the corporation's activities are operated under section 202 of the national housing act and regulated by rules and regulations of the us department of housing and urban development (hud). hud provided the initial loan to construct the facility and provides much of the continuing support by way of monthly rent subsidy section 8 - housing assistance payments for the elderly. the loan was refinanced in 2017. the hap contract is a rent assistance program for low income families. eligible low income tenants pay 30% of their income as rent while hud pays the difference between the contract rent and the rent paid by the tenant.”.

  • The non-profit's reported state of operation is MO as per legal requirements.
  • The filing reveals that the address of the non-profit in 2020 is 5003 N 13TH STREET, OZARK, MO, 65721.
  • As of 2020, the non-profit has 2 employees reported on their 990 form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $100,000 and $250,000.
  • Revenue less expenses is -$16,981.
  • The compensation policy for the CEO of the organization is established through a review and endorsement from an independent source.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 7 independent voting members.
  • The organization was formed in 1990.
  • The organization is required to file Schedule O.
  • The organization pays $29,452 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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