Interesting data from their 2020 990 filing

According to the filing documents, the non-profit's mission is defined as “The corporation was organized on april 19, 1989 as a non-profit corporation to, among other things, acquire an interest in real property located in kerrville, texas, and to construct and operate thereon an apartment complex of fifteen units (one to be used by the onsite property manager), under section 811 of the national housing act. such projects are regulated by hud as to rent charges and operating methods. the construction of the apartment complex was completed in december 2005. rent on the apartment units began on december 26, 2005. a capital advance in the amount of 1,088,300 was funded by hud for the construction and administration of the project. this capital advance will bear no interest and repayment is not required while the housing remains available for very low-income persons with disabilities in strict compliance with section 811 of the national housing act.”.

When referring to its tasks, they were referred to as: “The corporation was organized on april 19, 1989 as a non-profit corporation to, among other things, acquire an interest in real property located in kerrville, texas, and to construct and operate thereon an apartment complex of fifteen units (one to be used by the onsite property manager), under section 811 of the national housing act. such projects are regulated by hud as to rent charges and operating methods. the construction of the apartment complex was completed in december 2005. rent on the apartment units began on december 26, 2005. a capital advance in the amount of 1,088,300 was funded by hud for the construction and administration of the project. this capital advance will bear no interest and repayment is not required while the housing remains available for very low-income persons with disabilities in strict compliance with section 811 of the national housing act.”.

• The non-profit's state of operation has been legally reported as TX.
• According to the latest filing, the non-profit's address in 2020 is PO BOX 294168, KERRVILLE, TX, 780294168.
• The total number of employees reported by the non-profit on their form for 2020 is 0.
• 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 $100,000 and $250,000.
• Revenue is between $100,000 and $250,000.
• Revenue less expenses is -$33,007.
• The CEO compensation package within the organization is not determined through a thorough evaluation and endorsement by a neutral source.
• The organization has a written policy that delegates the management duties.
• The organization elects its board members.
• The organization has 9 independent voting members.
• The organization was formed in 1989.
• The organization is required to file Schedule O.
• The organization pays $51,206 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization's financial statements were reviewed by an accountant.