Maryvale Inc.
Maryvale Inc.
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About this organization
Revenue
$1,052,841
Expenses
$963,909
Mission
MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.
About
MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.
Interesting data from their 2019 990 filing
The filing sets forth the mission of the non-profit as “Maryvale, inc. is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. the corporation was formed for the purpose of operating a 148 unit apartment project for the elderly, handicapped and low income persons located in st mary of the woods, indiana. the project is financed with a mortgage that is insured by the department of housing and urban development pursuant to section 223(f) of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods. the corporation has also entered into a housing assistance payment contract with hud. the hap contract is a rent assistance program for low income families (or persons) as provided by section 8 of the national housing act.”.
When detailing its responsibilities, they were listed as: “Maryvale, inc. is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. the corporation was formed for the purpose of operating a 148 unit apartment project for the elderly, handicapped and low income persons located in st mary of the woods, indiana. the project is financed with a mortgage that is insured by the department of housing and urban development pursuant to section 223(f) of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods. the corporation has also entered into a housing assistance payment contract with hud. the hap contract is a rent assistance program for low income families (or persons) as provided by section 8 of the national housing act.”.
- The state in which the non-profit is legally permitted to operate is IN.
- The address of the non-profit for 2019 according to the filing is 711 OHIO STREET, TERRE HAUTE, IN, 47807.
- The number of employees reported by the non-profit on their form as of 2019 is 0.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $88,932.
- The organization has 7 independent voting members.
- The organization was formed in 1980.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.