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Preservation Non-Profit Housing Corporation

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

EIN: 382822223 ✦ Lansing, MI ✦ Designated as a 501(c)(3)

Overview

What is Preservation Non-Profit Housing Corporation?

Preservation Non-Profit Housing Corporation is a nonprofit organization situated in Lansing, Michigan. Their primary mission is to combat community deterioration, eliminate slums and blight, stimulate community revitalization, and encourage economic development that benefits disadvantaged individuals and distressed areas. To achieve this, they own Cinnaire Preservation & Rehabilitation, LLC, which holds an interest in Michigan Brownfield Tax Credits. These credits are being monetized by the state, contributing to the stimulation of community revitalization and promoting economic development. By preserving historic buildings, the organization serves as a positive force for economic development.


Is Preservation Non-Profit Housing Corporation legitimate?

Preservation Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preservation Non-Profit Housing 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 Preservation Non-Profit Housing Corporation?
Who is the CEO of Preservation Non-Profit Housing Corporation?
What is the revenue of Preservation Non-Profit Housing Corporation?
Who are the executives of Preservation Non-Profit Housing Corporation and what are their salaries?
Where can I find the form 990 for Preservation Non-Profit Housing Corporation?

Mission Statement of Preservation Non-Profit Housing Corporation

Preservation Non-Profit Housing Corporation, a dedicated non-profit organization, is committed to combating community deterioration and eliminating slums and blight. Its mission extends beyond just preservation; it seeks to stimulate community revitalization and encourage economic development that benefits disadvantaged individuals and distressed areas. The corporation engages with partners to enhance the economic and cultural future of communities by utilizing historic buildings as a positive force for economic development. In essence, Preservation Non-Profit Housing Corporation aims to revitalize communities, improve living conditions for disadvantaged individuals, and foster economic growth, all while preserving historical buildings as a driving force for development.

Impact

This information is meant to be a general summary of Preservation Non-Profit Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Preservation Non-Profit Housing Corporation, based in Lansing, MI, plays a crucial role in combating community deterioration, eliminating slum and blight, stimulating community revitalization, and encouraging economic development that benefits disadvantaged persons and distressed areas. Through its wholly-owned subsidiary, Cinnaire Preservation & Rehabilitation, LLC, the organization has vested interests in Michigan brownfield tax credits, which are instrumental in stimulating community revitalization and economic development. By actively engaging with partners, Preservation Non-Profit Housing Corporation remains committed to preserving historic buildings as a positive force for economic development, thus contributing significantly to the enhancement of both economic and cultural aspects of 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 2022.

  • Investment Income: $864,963
  • Program Service Revenue: $41,519
  • Gross Receipts: $906,482

    • Assets and Liabilities:
  • Total Assets: $6,345,597
  • Total Liabilities: $1
  • Net Assets: $6,345,596
  • Programs

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

    FEE INCOME

    Revenue

    $41,519

    Organization Details

    Founding Year

    1988

    Principal Officer

    Brett Oumedian

    Main Address

    1118 S WASHINGTON AVENUE, LANSING, MI, 48910

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Preservation Non-Profit Housing 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.