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National Affordable Housing Foundation Schenectady Inc

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

EIN: 223160793 ✦ Waltham, MA ✦ Designated as a 501(c)(3)

Overview

What is National Affordable Housing Foundation Schenectady Inc?

National Affordable Housing Foundation Schenectady Inc, located in Waltham, Massachusetts, is a nonprofit organization with a mission to foster and engage in the development of low/moderate income housing. They achieve this by creating and making available 292 housing units for rental purposes, adhering to established U.S. HUD guidelines. Furthermore, they provide educational resources related to affordable housing, aiming to contribute positively to their local community.


Is National Affordable Housing Foundation Schenectady Inc legitimate?

National Affordable Housing Foundation Schenectady Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Affordable Housing Foundation Schenectady Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of National Affordable Housing Foundation Schenectady Inc?
Who is the CEO of National Affordable Housing Foundation Schenectady Inc?
What is the revenue of National Affordable Housing Foundation Schenectady Inc?
Who are the executives of National Affordable Housing Foundation Schenectady Inc and what are their salaries?
Where can I find the form 990 for National Affordable Housing Foundation Schenectady Inc?

Mission Statement of National Affordable Housing Foundation Schenectady Inc

National Affordable Housing Foundation Schenectady Inc is committed to promoting and facilitating the development of affordable housing options for individuals with low to moderate income levels. This nonprofit organization goes beyond just constructing housing units; it also aims to educate the public on the importance and benefits of affordable housing. Under the guidance of U.S. HUD regulations, the foundation develops and makes available a total of 292 housing units, designed for rental purposes, to cater to this specific demographic. By doing so, it contributes significantly to providing suitable living spaces for individuals who may struggle with affording market-rate housing, thereby fostering a more inclusive and equitable community.

Impact

This information is meant to be a general summary of National Affordable Housing Foundation Schenectady Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

National Affordable Housing Foundation Schenectady Inc's impact is significant in providing much-needed low and moderate-income housing in Waltham, MA. They have developed and offer for rental purposes 292 units of affordable housing operated under existing U.S. HUD guidelines. Additionally, they contribute to educating the community about affordable housing, ultimately addressing the housing needs of 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: $10,183
  • Program Service Revenue: $3,776,722
  • Gross Receipts: $3,820,288

    • Assets and Liabilities:
  • Total Assets: $10,592,488
  • Total Liabilities: $19,732,946
  • Net Assets: -$9,140,458
  • Programs

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

    RENTAL INCOME

    Revenue

    $3,776,722

    Organization Details

    Founding Year

    1992

    Principal Officer

    William S Casper

    Main Address

    465 WAVERLY OAKS RD 211, WALTHAM, MA, 02452

    NTEE Category

    Code: L20Z - Housing

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