Daffy

Monticello Ecumenical Retirement Center Inc.

Monticello Ecumenical Retirement Center Inc.

Monticello, AR 71655
Tax ID71-0563803

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About this organization

Revenue

$449,736

Expenses

$336,995

Mission

Monticello Ecumenical Retirement Center, Inc. (the 'organization') was incorporated June 2, 1982 as a non-profit organization. The primary purpose of the organization is to provide housing for the elderly or the handicapped pursuant to Section 202 of the National Housing Act, as amended. The organization operates Annswood Apartments (the 'project'), an apartment complex of 62 rental units located in Monticello, Arkansas. The project leases the apartments under operating leases that are substantially all on a month-to-month basis. The project's major program is its Section 202 direct loan. The project is regulated by the Department of Housing and Urban Development (HUD) as to rent charges and operating methods. As a non-profit owner of the project, the organization is not entitled to distributions of project funds under the terms of the regulatory agreement with HUD.

About

The project is regulated by the Department of Housing and Urban Development (HUD) as to rent charges and operating methods. As a non-profit owner of the project, the organization is not entitled to distributions of project funds under the terms of the regulatory agreement with HUD.

Interesting data from their 2020 990 filing

The filing sets forth the mission of the non-profit as “Monticello ecumenical retirement center, inc. (the "organization") was incorporated june 2, 1982 as a non-profit organization. the primary purpose of the organization is to provide housing for the elderly or the handicapped pursuant to section 202 of the national housing act, as amended. the organization operates annswood apartments (the "project"), an apartment complex of 62 rental units located in monticello, arkansas. the project leases the apartments under operating leases that are substantially all on a month-to month basis. the project's major program is its section 202 direct loan. the project is regulated by the department of housing and urban development (hud) as to rent charges and operating methods. as a non-profit owner of the project, the organization is not entitled to distributions of project funds under the terms of the regulatory agreement with hud.”.

When detailing its responsibilities, they were listed as: “Monticello ecumenical retirement center, inc. (the "organization") was incorporated june 2, 1982 as a non-profit organization. the primary purpose of the organization is to provide housing for the elderly or the handicapped pursuant to section 202 of the national housing act, as amended. the organization operates annswood apartments (the "project"), an apartment complex of 62 rental units located in monticello, arkansas. the project leases the apartments under operating leases that are substantially all on a month-to month basis. the project's major program is its section 202 direct loan. the project is regulated by the department of housing and urban development (hud) as to rent charges and operating methods. as a non-profit owner of the project, the organization is not entitled to distributions of project funds under the terms of the regulatory agreement with hud.”.

  • The state in which the non-profit is legally permitted to operate is AR.
  • The address of the non-profit for 2020 according to the filing is 570 WEST CONRAD STREET, MONTICELLO, AR, 71655.
  • The number of employees reported by the non-profit on their form as of 2020 is 5.
  • 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 $250,000 and $500,000.
  • Revenue less expenses is $112,741.
  • The CEO compensation structure within the organization is based on a review and approval from a neutral party.
  • The organization has 7 independent voting members.
  • The organization was formed in 1982.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $82,112 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.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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