Springvale Terrace Inc.
Springvale Terrace Inc.
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About this organization
Mission
To provide affordable housing and related resident services to the elderly under Section 232 of the National Housing Act.
About
Springvale Terrace, Inc. (the 'entity') was organized on April 23, 2003 under the provisions of the state of Maryland for the purpose of purchasing and operating housing and related facilities for the elderly. The entity was financed through the U.S. Department of Housing and Urban Development ('HUD') under Section 232 of the National Affordable Housing Act and consists of 146 units. In addition to the rental housing operations, the entity operates care services programs for an additional fee that include congregate housing services certified by the Maryland Department of Aging and assisted living services licensed by the Maryland Department of Health and Mental Hygiene.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “To provide affordable housing and related resident services to the elderly under section 232 of the national housing act.”.
When talking about its functions, they were outlined as: “To provide affordable housing and related resident services to the elderly under section 232 of the national housing act.”.
- The legally reported state of operation for the non-profit is MD.
- According to the filing, the non-profit's address in 2020 is 6031 KANSAS AVENUE NW, WASHINGTON, DC, 20011.
- The non-profit organization as of 2020 has a total of 94 employees reported on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$1,320,948.
- The organization has 8 independent voting members.
- The organization was formed in 2003.
- The organization pays $2,151,051 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.