Volunteer Residences-One Inc

Organization Overview

Volunteer Residences-One Inc, operating under the name Cherry Hill Apartments, is located in Morristown, TN. The organization was established in 1992. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Cherry Hill Apartments 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 09/2022, Cherry Hill Apartments generated $149.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $179.4k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOW-INCOME HOUSING FOR ELDERLY & HANDICAPPED TENANTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT; REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. 30 RENTAL UNITS IN COMPLEX.


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Board, Officers & Key Employees

Name (title)Compensation
Kay Hale
President
$0
Jack Yates
Vice-President
$0
Stanley Wilder
Secretary
$0
Susan Luker
Executive Vice President
$0
Lane Wolfenbarger
Director
$0
Joe Benthal
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $48,069
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$48,069
Total Program Service Revenue$101,202
Investment income $3
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 $149,274

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