BETHANY VILLAGE APARTMENTS INC
PO BOX 501188, INDIANAPOLIS, IN 462501188

Total Revenue
$760,348
Total Expenses
$773,990
Net Assets
$-1,957,904

Organizations Filed Purposes: BETHANY VILLAGE APARTMENTS, INC. (THE PROJECT) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 100-UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS BETHANY VILLAGE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED. THE PROJECT HAS EXECUTED A REGULATORY AGREEMENT WITH HUD, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE PROJECT HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. ELIGIBLE LOW-INCOME TENANTS PAY 30% OF THEIR INCOME AS RENT WHILE HUD PAYS THE DIFFERENCE BETWEEN THIS RENTAL AMOUNT AND CONTRACT RENT (AS DEFINED). THE PROJECT CAN REQUEST FROM HUD AN ADDITIONAL AMOUNT EQUAL TO 80% OF CONTRACT RENT DURING PERIODS THAT THE UNIT IS VACANT IF CERTAIN CONDITIONS ARE MET, BUT NOT TO EXCEED 60 DAYS. I

BETHANY VILLAGE APARTMENTS, INC. (THE PROJECT) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 100-UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS BETHANY VILLAGE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Dana HuthTREASURER0.5$0
Rebecca BartleSECRETARY0.5$0
Robert L Rynard SrPRESIDENT0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201541209349301054_public.xml