nonprofit logo

Millsboro Housing For Progressinc

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

EIN: 510262153 ✦ Millsboro, DE ✦ Designated as a 501(c)(3)

Overview

What is Millsboro Housing For Progressinc?

Millsboro Housing for Progressinc is a nonprofit organization that plays a significant role in addressing housing needs within its community. It is renowned for managing and sponsoring a collection of multi-family housing structures, funded under the National Housing Act of 1934. This organization's primary mission is to offer affordable housing solutions to families with low or moderate incomes, providing them with 118 units to reside in. By doing so, Millsboro Housing for Progressinc contributes to enriching the living conditions of numerous families in need, thereby promoting social equity and community development.


Is Millsboro Housing For Progressinc legitimate?

Millsboro Housing For Progressinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millsboro Housing For Progressinc 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: $65,467

For more financial information, click here


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

Mission Statement of Millsboro Housing For Progressinc

Millsboro Housing for Progress, as a nonprofit organization, is dedicated to providing low-income housing solutions. It achieves this mission by owning and sponsoring multiple family housing projects, which are subsidized under the National Housing Act of 1934. This commitment allows the organization to offer 118 housing units to families with modest or low incomes. By doing so, Millsboro Housing for Progress contributes significantly to addressing the housing needs of those who might otherwise struggle to afford suitable living accommodations.

Impact

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




Saturday, July 20, 2024

Millsboro Housing For Progressinc's impact is significant in providing low-income housing opportunities for families in Millsboro, Delaware. With 118 units available for low or moderate income families, this organization plays a crucial role in addressing the housing needs of those who may struggle to afford suitable accommodation. By owning and sponsoring federally subsidized multi-family housing projects, Millsboro Housing For Progressinc contributes to improving the quality of life for individuals and families in need of affordable housing options. Their mission of offering low-income housing underscores their commitment to supporting vulnerable populations and promoting community well-being.





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: $3,035
  • Program Service Revenue: $626,991
  • Gross Receipts: $946,026

    • Assets and Liabilities:
  • Total Assets: $7,017,363
  • Total Liabilities: $1,305,276
  • Net Assets: $5,712,087
  • Programs

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

    HOUSING ASSISTANCE PAYMENTS

    Revenue

    $459,170

    APARTMENT RENTS

    Revenue

    $160,040

    TENANT CHARGES

    Revenue

    $7,781

    Organization Details

    Founding Year

    1977

    Principal Officer

    William B Duffy Jr

    Main Address

    P O BOX 177, MILLSBORO, DE, 19966

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Millsboro Housing For Progressinc 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.