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Foundation For Affordable Housing

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

EIN: 470785685 ✦ Omaha, NE ✦ Designated as a 501(c)(3)

Overview

What is Foundation For Affordable Housing?

The Foundation For Affordable Housing is a nonprofit organization headquartered at 11640 Arbor Street Suite 201, Omaha, NE, 68144. Established for the purpose of constructing, purchasing, owning, and operating affordable housing units for low and moderate-income individuals and families, the Foundation has expanded its reach in 2022 by acquiring six additional affordable housing projects. These projects include Village Station (160 units), Paces Run (260 units), The Maples (325 units), Abbott Arms (Cayce) (100 units), Heritage Court (149 units), and Harry C White Manor (56 units), with a total of 1,180 new affordable housing units. The Foundation's mission remains unwavering, aiming to provide essential housing solutions for individuals and families in need.


Is Foundation For Affordable Housing legitimate?

Foundation For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Affordable Housing 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: $1,461,575
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,864,029

For more financial information, click here


What is the mission statement of Foundation For Affordable Housing?
Who is the CEO of Foundation For Affordable Housing?
What is the revenue of Foundation For Affordable Housing?
Who are the executives of Foundation For Affordable Housing and what are their salaries?
Where can I find the form 990 for Foundation For Affordable Housing?

Mission Statement of Foundation For Affordable Housing

The Foundation for Affordable Housing, a nonprofit organization, is dedicated to the exempt purpose of constructing, purchasing, owning, and operating affordable housing units for low and moderate-income individuals and families. By forming this organization, the Founders aimed to address the housing needs of those with limited financial resources.

Through its wholly-owned subsidiaries and affiliates, the Foundation provides affordable housing solutions to individuals and families in need. In 2022 alone, the Foundation expanded its reach by acquiring six additional affordable housing projects: Village Station (160 units), Paces Run (260 units), The Maples (325 units), Abbott Arms (Cayce) (100 units), Heritage Court (149 units), and Harry C White Manor (56 units). With each new acquisition, the Foundation continues to make strides in providing affordable housing for those who face financial adversity.

The Foundation's mission is to provide a safe and affordable living environment for individuals and families, enabling them to focus on other aspects of their lives. By offering affordable housing, the Foundation plays a crucial role in ensuring its residents have stable housing, which is a fundamental human need. The organization's efforts contribute significantly to the overall well-being and stability of its residents, and the communities in which they live.

Impact

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




Thursday, August 15, 2024

Foundation For Affordable Housing's impact includes providing affordable housing to low and moderate-income individuals and families through its wholly-owned subsidiaries and affiliates. In 2022, the foundation acquired 6 additional affordable housing projects in Omaha, Nebraska, totaling 1050 units. This initiative directly addresses the critical need for affordable housing and contributes to improving the quality of life for individuals and families 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 2022.

  • Investment Income: $2,770,001
  • Program Service Revenue: $65,556,601
  • Gross Receipts: $68,326,602

    • Assets and Liabilities:
  • Total Assets: $662,375,296
  • Total Liabilities: $703,724,706
  • Net Assets: -$41,349,410
  • Programs

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

    RENTAL INCOME

    Revenue

    $49,851,652

    OTHER RENTAL PROJECT INCOME

    Revenue

    $15,704,949

    Organization Details

    Founding Year

    1995

    Principal Officer

    Mark Hiatt

    Main Address

    11640 ARBOR STREET SUITE 201, OMAHA, NE, 68144

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Foundation For Affordable Housing 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.