Overview
What is Capital Area Multi-Housing Inc?
Capital Area Multi-Housing Inc is a nonprofit organization situated in Austin, Texas, specifically at 4101 PARKSTONE HEIGHTS DR STE 280. Their primary mission is to facilitate the financing of affordable housing development and ownership, ensuring the provision of decent, safe, and sanitary living spaces for individuals with low and moderate incomes. This mission is carried out through their involvement as the sole member of four limited partnerships, each dedicated to acquiring, constructing, and operating multifamily residential rental complexes in Kyle, San Marcos, and Austin, Texas. Upon completion, these complexes will offer 876 affordable housing residences.
Is Capital Area Multi-Housing Inc legitimate?
Capital Area Multi-Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Area Multi-Housing 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 Capital Area Multi-Housing Inc?
Capital Area Multi-Housing Inc's mission is centered around providing financing for residential ownership and development. This endeavor aims to create decent, safe, affordable, and sanitary housing options for individuals with moderate to low income. The organization serves as the sole member of four limited partnerships, each with the goal of acquiring, constructing, and operating multiple family residential rental complexes. Upon completion, these complexes will offer 876 affordable housing residences.
Who is the CEO of Capital Area Multi-Housing Inc?
James E Shaw is the President of Capital Area Multi-Housing Inc.
What is the revenue of Capital Area Multi-Housing Inc?
Capital Area Multi-Housing Inc's revenue in 2022 was $1,061,934.
Who are the executives of Capital Area Multi-Housing Inc and what are their salaries?
- James E Shaw (President) [Trustee/Director]
- Mark Mayfield (Vice President) [Trustee/Director]
- Ryan Thomason (Director)
- Mark Jones (Director)
Where can I find the form 990 for Capital Area Multi-Housing Inc?
The Capital Area Multi-Housing Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Capital Area Multi-Housing Inc
Capital Area Multi-Housing Inc, as a mission-driven organization, aims to facilitate the financing of residential ownership and development, ensuring the provision of decent, safe, affordable, and sanitary housing for individuals with low and moderate income. The organization's primary goal is to create a sustainable living environment for these individuals, thereby addressing their housing needs effectively.
In pursuit of this mission, Capital Area Multi-Housing Inc serves as the sole member of four limited partnerships. These partnerships are established with the objective of acquiring, constructing, and operating multiple family residential rental complexes in different locations. Once completed, these complexes will contribute a significant number of affordable housing residences to the community, addressing the housing needs of a substantial segment of the population.
By focusing on the development and financing of affordable housing, Capital Area Multi-Housing Inc plays a pivotal role in improving the living conditions of individuals with limited resources. The organization's commitment to providing decent, safe, and sanitary housing is an essential step towards promoting social equity and ensuring that everyone has access to a secure and comfortable living environment.
Impact
This information is meant to be a general summary of Capital Area Multi-Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Capital Area Multi-Housing Inc's impact is significant in providing a means of financing the costs of residential ownership and development, ultimately offering decent, safe, affordable, and sanitary housing for individuals of low and moderate income in the Austin, Texas area. Through its involvement as the sole member of the general partners in four limited partnerships dedicated to acquiring, constructing, and operating multifamily residential rental complexes, this organization is poised to provide 876 affordable housing residences once construction is completed. This initiative directly addresses the pressing need for affordable housing in the community, making a tangible difference in the lives of those in need.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GENERAL CONTRACTOR FEE
Revenue
$1,019,753
CONSTRUCTION ADMIN FEE
Revenue
$15,000
Organization Details
Founding Year
2001
Phone
(512) 347-9953
Principal Officer
James E Shaw
Main Address
4101 PARKSTONE HEIGHTS DR STE 280, AUSTIN, TX, 78746
NTEE Category
Code: L21 - Housing
If you are a representative of Capital Area Multi-Housing 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.