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Ascension Manor Inc

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Nonprofit Overview

Causes: Homeless & Housing, Senior Citizens Housing & Retirement Communities, Seniors

Mission: Ascension manor inc. (the "company") was formed as a pennsylvania nonprofit corporation on june 4, 1965 for the purposes of acquiring real property located in philadelphia, pennsylvania and to construct and operate two 141 apartment complexes under section 202 of the national housing act (the "development"). On august 16, 2010, the company refinanced the apartment complexes' existing section 202 mortgages with the proceeds of a single section 221(d)(4) hud insured mortgage and commenced substantial rehabilitation of the development. Such developments are regulated by the u. S. Department of housing and urban developments (hud) as to rent charges and operating methods.

Programs: To operate two 141 unit apartment complexes under section 221(d)(4) of the national housing act and regulated by hud with respect to rental charges and operation methods

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