Dunson School Redevelopment Corporation

Organization Overview

Dunson School Redevelopment Corporation is located in Lagrange, GA. The organization was established in 2005. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dunson School Redevelopment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Dunson School Redevelopment Corporation generated $171.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $266.9k during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW-INCOME, ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DUNSON SCHOOL APARTMENTS PROVIDE 28 ONE-BEDROOM UNITS, A COMMUNITY ROOM, CENTRAL LAUNDRY & AN OUTDOOR PATIO AREA. UNITS ARE AVAILABLE TO SENIORS 62 YEARS AND OLDER WITH INCOMES AT OR BELOW 50% OF THE AREA MEDIAN INCOME. RESIDENTS PAY NO MORE THAN 30% OF THEIR ADJUSTED INCOME TOWARD RENT AND UTILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Sherri Brown
Director
$0
Freddie Hines
Director
$0
John Thomas
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $82,260
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$82,260
Total Program Service Revenue$0
Investment income $23
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $89,513
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $171,796

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