THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
Executive compensation
Form 990 · Schedule J · 11 reported individuals · Filing year 2023
| Base salary | Executive compensation | |
|---|---|---|
Cfo/svp of Operations officer (unspecified) $13k | ||
VP of Homeownership Center Services vice president $13k | ||
Senior Project Manager highest compensated employee $12k | ||
VP of Real Estate Development vice president $10k | ||
VP of Impact vice president $9k | ||
Senior Project Manager highest compensated employee $8k | ||
Senior Project Manager highest compensated employee $8k | ||
VP of Finance vice president $7k | ||
Senior Project Manager highest compensated employee $7k | ||
Director of Enterprise S&d highest compensated employee $3k | ||
Plus 5 unpaid individuals.
Up 11%
from 2022
From $14k in 2022 to $15k in 2023.
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