Overview
What is Affordable Homes For All?
Affordable Homes For All is a nonprofit organization based in Minneapolis, Minnesota. Their primary mission is to preserve and create high-quality, affordable housing units for various demographics, including families, individuals, the elderly, and those with disabilities. They have acquired and manage several properties, such as Winona Arms, Emerson Housing, SE Hall-Whitney Young Housing Corporation, Yorktown Continental, and Plymouth Stevens, all operating under various federal housing programs. The organization is actively involved in maintaining and operating these properties, ensuring they offer safe and comfortable living spaces.
Is Affordable Homes For All legitimate?
Affordable Homes For All is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Homes For All 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 Affordable Homes For All?
Affordable Homes For All is dedicated to preserving and building affordable housing options for various groups, including families, individuals, the elderly, and those with disabilities. The organization's mission is to develop, operate, and maintain high-quality affordable housing units, responding to the growing need for such housing. As part of its activities, Affordable Homes For All has acquired and manages several properties under different regulatory programs, such as HUD Section 202, Section 8, and the Low Income Housing Tax Credit Program. The organization's goal is to provide affordable housing solutions to support vulnerable populations.
Who is the CEO of Affordable Homes For All?
Joseph L Holmberg is the Chair of Affordable Homes For All.
What is the revenue of Affordable Homes For All?
Affordable Homes For All's revenue in 2023 was $886,079.
Who are the executives of Affordable Homes For All and what are their salaries?
- John Miller (Chair) [Trustee/Director]
- Joseph L Holmberg (President) [Trustee/Director]
- Bruce Wilson (Treasurer) [Trustee/Director]
- Nancy Holmberg (Secretary) [Trustee/Director]
- Mary Lewis (Vice Chair) [Trustee/Director]
Where can I find the form 990 for Affordable Homes For All?
The Affordable Homes For All’s most recent form 990 was submitted in 2023 and can be accessed here
Mission Statement of Affordable Homes For All
Affordable Homes For All is an organization dedicated to addressing the growing need for affordable housing for various populations, including families, individuals, the elderly, and disabled individuals. Its mission is twofold: to develop and build new affordable housing units, and to operate and maintain existing ones. The nonprofit aims to provide high-quality, affordable housing solutions, demonstrating its commitment through the management of several properties.
In 2012, Affordable Homes For All acquired Winona Arms, Inc., a 49-unit apartment building in Winona, Minnesota, which operates under HUD Section 202 and Section 8 regulations. The organization also has a general partnership interest in Emerson Housing, L.P., a 44-unit multi-family housing project in Gary, Indiana, which operates under the Low Income Housing Tax Credit Program. Additionally, Affordable Homes For All controls SE Hall-Whitney Young Housing Corporation, which manages a 45-unit apartment building for the elderly, located in Saint Paul, Minnesota.
The nonprofit's mission is evident in its extensive portfolio of properties, demonstrating its commitment to preserving and building affordable housing for all. By leveraging various funding sources, such as the Low Income Housing Tax Credit Program and HUD-insured mortgages, Affordable Homes For All delivers affordable housing solutions that cater to various income levels and housing needs.
Impact
This information is meant to be a general summary of Affordable Homes For All. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Affordable Homes For All's impact can be seen in the preservation and development of affordable housing units for a variety of demographics, including families, individuals, the elderly, and the disabled. Through their various programs and properties, they have provided stable and high-quality housing options for those in need. Their focus on maintaining affordability and operating under government regulations like HUD Section 8 and low-income housing tax credit programs showcases their commitment to serving vulnerable populations. By acquiring and managing properties in different cities, Affordable Homes For All is actively working towards their mission of ensuring everyone has access to secure and affordable housing options.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$840,124
DEVELOPMENT/ADMIN FEES
Revenue
$45,955
Organization Details
Founding Year
2010
Phone
(612) 377-0549
Principal Officer
Joseph L Holmberg
Main Address
2507 LAKE PLACE, MINNEAPOLIS, MN, 55405
NTEE Category
Code: L21 - Housing
If you are a representative of Affordable Homes For All 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.