IRS 990 Nonprofit Profile

Kearney Villa Housing Corporation

Kearney villa housing corporation 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 loan was refinanced in 2017. 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.

Filing year

2024

Total revenue

$209K

Total expenses

$235K

Program expenses

$206K

Administration

$29K

Fundraising

$0

Program share of expenses

88%

EIN

431557527

Location

Springfield, MO