Stafford United Methodist Housing Development Corporation

Organization Overview

Stafford United Methodist Housing Development Corporation is located in Roanoke, VA. The organization was established in 1989. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stafford United Methodist Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Stafford United Methodist Housing Development Corporation generated $191.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $226.3k during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LOW-INCOME ELDERLY HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES HOUSING FOR LOW-INCOME ELDERLY AND/OR HANDICAPPED PERSONS. THE APARTMENTS (23 UNITS) ARE SUBSIDIZED BY A HUD SECTION 207 GRANT.


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Board, Officers & Key Employees

Name (title)Compensation
Rev Ernest Herndon Jr
Secretary
$0
Larry Dickenson
President
$0
Dr James G O'quinn
Vice President
$0
W Randolph Spears
Director
$0
Dr Robert Hinkle
Director
$0
David Brown
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$113,658
Investment income $10
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $191,091

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