PARAGON HOMES FOR ELDERLY INC

MORRISTOWN, TN | Hamblen County
Affordable Housing

Overview

PARAGON HOMES FOR ELDERLY INC
31-1580524
407 E MAIN ST
MORRISTOWN, TN 37814
Hamblen County
(423) 586-1494

Mission Statement info

TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY OR HANDICAPPED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Founded info
1999
Total Employees info
0
Total Volunteers info
0
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L22

L - Housing, Shelter

Senior Citizens Housing & Retirement Communities

Residential options exclusively for older adults who want to have a simpler, maintenance-free lifestyle and enjoy the company of peers with common interests, or who require a moderate amount of support in the activities of daily living to maintain independent living.

IRS Activity Codes info
994
Uncoded
380
Low-income housing
-
Not reported
Standard Business Classification (NAICS Code) info
623312
Assisted Living Facilities for the Elderly

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$56.8K
Revenue
$56.8K
Assets
$403.6K
Exempt Ruling Date info
1998-02
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
407 E MAIN ST
MORRISTOWN, TN 37814
Hamblen County
FIPS Geocoded Address info
34100
MSA/CBSA info
47
State info
063
County info
1002.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Morristown, TN
Combined Statistical Area info
Knoxville-Morristown-Sevierville, TN
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
1002.00 Hamblen County
Population
Total Population 5,023 63,740
Total Households 2,263 24,411
Income
Median Family Income (Census*) $36,672 $42,589
Median Family Income (2019 FFIEC) $53,400 N/A
Tract Income Percentage 76.25% N/A
Below Poverty Level 28.7% 19.5%
Unemployment Level 13.9% 7.9%
Housing
Total Housing Units 2,474 27,121
Total Owner-Occupied Units 52.6% 66.4%
Total Renter-Occupied Units 38.8% 33.6%
Total Vacant Units 8.5% 8.1%
* Census tract income based on 2019 Census estimated data; County income based on 2018 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body
info
11
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Susan Luker
President
(423) 586-1494
Principal Officer info
Susan Luker
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

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