MADISON RESIDENTIAL SERVICES INC
Mission
MADISON RESIDENTIAL SERVICES, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY. THE APARTMENT COMMUNITY WAS SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF PERSONS DISABLED AS A RESULT OF CHRONIC MENTAL ILLNESS. THE ORGANIZATION, LOCATED IN SOUTH BEND, INDIANA, KNOWN AS UHRIG APARTMENTS WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.
Financials
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $143k | $0 | $385k |
| 2022 | $139k | $0 | $401k |
Compensation
2023
2022
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