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Monterey County Housing Authority Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202685023 ✦ Salinas, CA ✦ Designated as a 501(c)(3)

Overview

What is Monterey County Housing Authority Development Corporation?

Monterey County Housing Authority Development Corporation is a nonprofit organization committed to addressing housing needs for low-, very low-, and moderate-income families. Their mission encompasses acquiring, rehabilitating, developing, and operating affordable housing units. Recognizing the lack of suitable housing options for these income groups, they provide related services to bridge this gap. Their efforts extend to collaborating with various political subdivisions, such as the Housing Authority of Monterey County, and nonprofit corporations exempt from federal tax under Section 501(c)(3) of the Code or its successor provision. The organization's charitable activities are oriented towards these objectives, as permitted by law.


Is Monterey County Housing Authority Development Corporation legitimate?

Monterey County Housing Authority Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey County Housing Authority Development Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $181,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Monterey County Housing Authority Development Corporation?
Who is the CEO of Monterey County Housing Authority Development Corporation?
What is the revenue of Monterey County Housing Authority Development Corporation?
Who are the executives of Monterey County Housing Authority Development Corporation and what are their salaries?
Where can I find the form 990 for Monterey County Housing Authority Development Corporation?

Mission Statement of Monterey County Housing Authority Development Corporation

Monterey County Housing Authority Development Corporation, a nonprofit organization, is committed to addressing the housing needs of low-income, very low-income, and moderate-income families. Their mission involves acquiring, rehabilitating, developing, and operating affordable housing units where such housing is inadequate or lacking. Their primary goal is to provide these essential living spaces for these income groups. Alongside housing, the corporation also offers related services to ensure a comprehensive approach to addressing housing needs. They collaborate with various political subdivisions and nonprofit corporations, providing charitable activities in line with their objectives, as permitted by law.

Impact

This information is meant to be a general summary of Monterey County Housing Authority Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Monterey County Housing Authority Development Corporation's impact is significant in providing affordable housing solutions for low-, very low-, and moderate-income households in areas where there is a lack of adequate housing options. By acquiring, rehabilitating, developing, owning, and operating affordable housing, the organization plays a crucial role in addressing housing needs for vulnerable populations. Additionally, the provision of related services enhances the overall well-being of residents in these communities. Through its activities, the Monterey County Housing Authority Development Corporation contributes to creating a more sustainable and equitable housing environment for individuals and families in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $1,398,236
  • Gross Receipts: $2,516,931

    • Assets and Liabilities:
  • Total Assets: $82,646,561
  • Total Liabilities: $44,890,335
  • Net Assets: $37,756,226
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM INVESTMENT INC

    Revenue

    $609,986

    GROSS RENTAL INCOME

    Revenue

    $513,173

    OTHER TENANT CHARGES

    Revenue

    $275,077

    Organization Details

    Founding Year

    2005

    Principal Officer

    Zulieka Boykin

    Main Address

    123 RICO STREET, SALINAS, CA, 93907

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Monterey County Housing Authority Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.