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Villa Mercede Community Urban Redevelopment Corporation

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

EIN: 341251206 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

Overview

What is Villa Mercede Community Urban Redevelopment Corporation?

Villa Mercede Community Urban Redevelopment Corporation is a nonprofit organization, situated at 1331 W 70TH STREET, CLEVELAND, OH 44102. Their primary mission is to construct and manage an affordable housing project, specifically designed for the elderly and individuals with disabilities, in compliance with the National Affordable Housing Act. This project adheres to the regulations set by the U.S. Department of Housing and Urban Development (HUD) regarding rent charges and operational methods. The corporation's main objective is to ensure that these vulnerable members of society have access to suitable and affordable living accommodations.


Is Villa Mercede Community Urban Redevelopment Corporation legitimate?

Villa Mercede Community Urban Redevelopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Villa Mercede Community Urban Redevelopment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Villa Mercede Community Urban Redevelopment Corporation?
Who is the CEO of Villa Mercede Community Urban Redevelopment Corporation?
What is the revenue of Villa Mercede Community Urban Redevelopment Corporation?
Who are the executives of Villa Mercede Community Urban Redevelopment Corporation and what are their salaries?
Where can I find the form 990 for Villa Mercede Community Urban Redevelopment Corporation?

Mission Statement of Villa Mercede Community Urban Redevelopment Corporation

Villa Mercede Community Urban Redevelopment Corporation is dedicated to providing affordable housing solutions for elderly and handicapped individuals. In line with its mission, the corporation constructs and operates a 151-unit apartment project under Section 207, as per the National Affordable Housing Act. This project falls under the regulation of the U.S. Department of Housing and Urban Development (HUD), ensuring that rent charges and operating methods adhere to specific guidelines. The corporation's purpose is to create a living space that is both affordable and accessible for those in need, thereby contributing to their overall well-being and independence.

Impact

This information is meant to be a general summary of Villa Mercede Community Urban Redevelopment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Villa Mercede Community Urban Redevelopment Corporation's impact lies in providing affordable housing for the elderly and handicapped individuals in Cleveland, Ohio. Through the construction and operation of a 151-unit apartment project under Section 207 of the National Affordable Act, the organization ensures that this vulnerable population has access to safe and affordable housing. By complying with regulations set by the U.S. Department of Housing and Urban Development, Villa Mercede Community Urban Redevelopment Corporation plays a vital role in supporting the well-being and quality of life of elderly and handicapped individuals in the community.





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: $35,366
  • Program Service Revenue: $540,120
  • Gross Receipts: $1,736,657

    • Assets and Liabilities:
  • Total Assets: $2,946,150
  • Total Liabilities: $2,762,878
  • Net Assets: $183,272
  • Programs

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

    RENTAL INCOME

    Revenue

    $540,120

    Organization Details

    Founding Year

    1978

    Principal Officer

    Charlie Manno

    Main Address

    1331 W 70TH STREET, CLEVELAND, OH, 44102

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Villa Mercede Community Urban Redevelopment 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.