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Richmond Affordable Housing Inc

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

EIN: 541860225 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

Overview

What is Richmond Affordable Housing Inc?

Richmond Affordable Housing Inc is a dedicated nonprofit organization situated in Richmond, Virginia. Their primary purpose is to ensure affordable housing for individuals with limited financial resources. To achieve this, they offer comprehensive support services to low-income homeowners. Their mission is deeply rooted in the belief that everyone deserves a safe and affordable living space, and they strive to make this a reality in Richmond, VA. Richmond Affordable Housing Inc plays a crucial role in the community by providing essential housing assistance to those in need.


Is Richmond Affordable Housing Inc legitimate?

Richmond Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Affordable 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: $479,641

For more financial information, click here


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

Mission Statement of Richmond Affordable Housing Inc

Richmond Affordable Housing Inc, a dedicated nonprofit organization, is committed to providing affordable housing solutions. Their mission is centered around offering support services to low-income homeowners, aiming to assist those in need the most. The organization specializes in this field, operating in Richmond, Virginia. Richmond Affordable Housing Inc's primary goal is to ensure that affordable housing is accessible to as many individuals as possible, thereby contributing to a more equitable community.

Impact

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




Saturday, July 20, 2024

Richmond Affordable Housing Inc's impact is clear: it provides affordable housing to low-income homeowners in Richmond, VA. By offering support services along with housing programs, this organization plays a crucial role in addressing the housing needs of those who need it the most. Through its dedication to this mission, Richmond Affordable Housing Inc positively impacts the community by providing stable and secure housing options for individuals and families facing financial challenges.





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: $18,468
  • Program Service Revenue: $622,558
  • Gross Receipts: $4,410,301

    • Assets and Liabilities:
  • Total Assets: $17,217,718
  • Total Liabilities: $11,942,859
  • Net Assets: $5,274,859
  • Programs

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

    DEVELOPMENT FEES

    Revenue

    $363,400

    RENTAL INCOME

    Revenue

    $254,693

    OTHER EARNED FEES

    Revenue

    $4,465

    Organization Details

    Founding Year

    1997

    Principal Officer

    Julie Hovermale

    Main Address

    PO BOX 12117, RICHMOND, VA, 23241

    NTEE Category

    Code: L21 - Housing

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