nonprofit logo

Saratoga Affordable Housing Group Inc

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

EIN: 261210093 ✦ Saratoga springs, NY ✦ Designated as a 501(c)(3)

Overview

What is Saratoga Affordable Housing Group Inc?

Saratoga Affordable Housing Group Inc is a nonprofit organization situated in Saratoga Springs, New York. Their primary mission is to provide affordable housing for low-income individuals and families, fostering self-sufficiency and economic independence. They have already established 24 two-bedroom units and a family house, with additional 1-bedroom and 3-bedroom units available for rental in the past. By offering quality and innovative housing, Saratoga Affordable Housing Group aims to contribute to the growth and prosperity of Saratoga Springs and Saratoga County, ultimately building a thriving community for its residents.


Is Saratoga Affordable Housing Group Inc legitimate?

Saratoga Affordable Housing Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga Affordable Housing Group 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 Saratoga Affordable Housing Group Inc?
Who is the CEO of Saratoga Affordable Housing Group Inc?
What is the revenue of Saratoga Affordable Housing Group Inc?
Who are the executives of Saratoga Affordable Housing Group Inc and what are their salaries?
Where can I find the form 990 for Saratoga Affordable Housing Group Inc?

Mission Statement of Saratoga Affordable Housing Group Inc

Saratoga Affordable Housing Group Inc is committed to providing high-quality, innovative housing solutions for families in need. Their mission is twofold: firstly, they aim to promote opportunities for self-sufficiency and economic independence among these families. Secondly, they strive to build a thriving community, contributing positively to the city and county they serve.

To accomplish this, Saratoga Affordable Housing Group Inc has acquired and renovated various housing units. Initially, they purchased 24 two-bedroom units and a single-family house to offer affordable housing options. Subsequently, they expanded their offerings by opening additional 1-bedroom and 3-bedroom units for rent. This strategic expansion has enabled the organization to cater to a broader range of families in need, providing them with a secure and comfortable living environment.

Beyond simply offering housing, Saratoga Affordable Housing Group Inc seeks to empower its residents to become self-sufficient and financially independent. By providing quality housing, they create a stable foundation for families to build upon. Simultaneously, they foster an environment that encourages personal growth and development, enabling families to take advantage of opportunities for advancement.

In doing so, Saratoga Affordable Housing Group Inc is not only addressing the immediate housing needs of families but also contributing to the long-term well-being of their community. By promoting self-sufficiency and economic independence, they are helping to build a resilient and thriving community where everyone has the opportunity to succeed.

Impact

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




Thursday, August 15, 2024

Saratoga Affordable Housing Group Inc's impact is crucial in providing quality, innovative housing solutions for families in need in Saratoga Springs and Saratoga County, NY. Their mission to promote opportunities for self-sufficiency and economic independence contributes to building a thriving community in the region. By purchasing and offering a variety of affordable housing units, including 2-bedroom, 1-bedroom, and 3-bedroom options, they are addressing the pressing need for accessible housing for low-income individuals and families. Through their efforts, Saratoga Affordable Housing Group Inc plays a vital role in improving the living conditions and overall well-being of the community members they serve.





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 2023.

  • Investment Income: $96,717
  • Program Service Revenue: $375,958
  • Gross Receipts: $1,275,513

    • Assets and Liabilities:
  • Total Assets: $3,482,767
  • Total Liabilities: $1,493,824
  • Net Assets: $1,988,943
  • Programs

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

    AFFORDABLE HOUSING RENTS

    Revenue

    $375,958

    Organization Details

    Founding Year

    2007

    Principal Officer

    Corissa Salvo

    Main Address

    ONE SOUTH FEDERAL STREET, SARATOGA SPRINGS, NY, 12866

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Saratoga Affordable Housing Group Inc 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.