KEARNEY VILLA HOUSING COPORATION OWNS AND OPERATES A 31 UNIT APARTMENT COMPLEX THAT PROVIDES SAFE AND AFFORDABLE HOUSING TO VERY LOW INCOME FAMILIES. THE CORPORATION'S ACTIVITIES ARE OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY RULES AND REGULATIONS OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). HUD PROVIDED THE INITIAL LOAN TO CONSTRUCT THE FACILITY AND PROVIDES MUCH OF THE CONTINUING SUPPORT BY WAY OF MONTHLY RENT SUBSIDY SECTION 8 - HOUSING ASSISTANCE PAYMENTS FOR THE ELDERLY. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES. ELIGIBLE LOW INCOME TENANTS PAY 30% OF THEIR INCOME AS RENT WHILE HUD PAYS THE DIFFERENCE BETWEEN THE CONTRACT RENT AND THE RENT PAID BY THE TENANT.
Reported officers (all unpaid)
No paid executives reported in 2024. KEARNEY VILLA HOUSING CORPORATION reported 7 unpaid officers and board members on its 990.
Revenue and expenses over time
KEARNEY VILLA HOUSING CORPORATION reported revenue and expenses across 2 filing years.
Common questions about KEARNEY VILLA HOUSING CORPORATION
What are KEARNEY VILLA HOUSING CORPORATION's revenue and expenses?
In 2024, KEARNEY VILLA HOUSING CORPORATION reported $209k in total revenue and $235k in total expenses on its IRS Form 990.
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