Coosa Valley Seniors Housing Inc

Coosa Valley Seniors Housing Inc is a 501(c)(3) nonprofit organization dedicated to providing affordable housing for the elderly and disabled. The organization operates under Section 202 of the National Housing Act, which is regulated by the U.S. Department of Housing and Urban Development (HUD).

Mission and Operations

The mission of Coosa Valley Seniors Housing Inc is centered around offering low-cost living spaces, enhancing the lives of its residents. The organization manages a 24-unit apartment complex known as Main Avenue Apartments, located in Sylacauga, Alabama. The rental charges and operational methods of the project are subject to HUD's guidelines, with significant financial support coming from HUD's rental assistance programs. The availability of these subsidies is contingent upon sufficient appropriations determined by HUD.

Financial Overview

In recent years, Coosa Valley Seniors Housing Inc has reported revenues primarily from contributions and program services. As of the last available data, contributions accounted for approximately 60.5% of total revenue, while program services contributed about 36.6%. The organization does not report executive compensation or professional fundraising fees. Expenses are mainly related to other salaries and wages.

Governance and Transparency

The organization is governed by a board of directors with no reported compensation for its members. Donations to Coosa Valley Seniors Housing Inc are tax deductible, reflecting its compliance with regulatory requirements for transparency and governance.

Tax and Financial Documents

Coosa Valley Seniors Housing Inc files a Form 990, the primary tax return for U.S. nonprofit organizations, detailing its financial activities, governance, and operational compliance. The most recent Form 990 provides information on its revenues, expenses, and net assets.