Southeastern Massachusetts Affordab

Southeastern Massachusetts Affordab is a nonprofit organization, specifically based in Brockton, Massachusetts. Their primary mission is to create affordable housing options for individuals with low to moderate income. They accomplish this by purchasing and rehabilitating multifamily homes within the city, owning and managing 42 units of residential rental housing. These units are rented out to qualified tenants at reduced rates, with additional subsidization from Section 8 Housing Assistance. In addition to providing housing, the organization also seeks to expand its affordable housing efforts by purchasing houses under foreclosure, rehabilitating them, and selling them to households whose income meets the affordability requirements, as stipulated by the Department of Housing and Urban Development. The homes are required to remain affordable for the duration of the Housing Investment Funds grant contract. This nonprofit organization's mission is dedicated to improving the living situations of low to moderate income individuals in the Southeastern Massachusetts area.

Southeastern Massachusetts Affordab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern Massachusetts Affordab submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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The mission of Southeastern Massachusetts Affordab, as outlined, is centrally focused on providing housing solutions for individuals with low to moderate income. In accordance with the Department of Housing and Urban Development's definition, the organization strives to make affordable housing accessible. This is accomplished through various initiatives, such as purchasing and rehabilitating multi-family homes within Brockton to create rental units. These units are then rented out to qualified tenants at reduced rates, with operations further subsidized through Section 8 housing assistance. Additionally, the organization acquires houses under foreclosure, rehabilitating them for sale to households meeting the affordability requirements. These homes are required to maintain their affordability status for a specified period, as specified in the Home Investment Funds grant contract.

Thomas Thibeault is the Executive Di of Southeastern Massachusetts Affordab.

Southeastern Massachusetts Affordab's revenue in 2022 was $694,826.

The Southeastern Massachusetts Affordab’s most recent form 990 was submitted in 2022 and can be accessed here