Overview
What is Commonwealth Multifamily Housing Corporation?
Commonwealth Multifamily Housing Corporation is a nonprofit organization based in Temple, Texas, with a US address at 1610 S 31st ST 200. Their primary mission is to provide affordable housing for people in need, specifically targeting those making 80% or less of the area median income in the metropolitan areas where their apartment properties are located. The organization preserves, develops, constructs, and operates affordable multifamily housing, and offers educational and self-improvement services to the middle, low, and very-low income residents in these communities. They currently employ a team of seven individuals to carry out these important initiatives.
Official website here: www.w.commonwealth-multifamily.org
Is Commonwealth Multifamily Housing Corporation legitimate?
Commonwealth Multifamily Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Multifamily 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
Official website here: www.w.commonwealth-multifamily.org
What is the mission statement of Commonwealth Multifamily Housing Corporation?
The Commonwealth Multifamily Housing Corporation is dedicated to providing affordable housing for those in need. Their mission goes beyond just housing, as they also offer educational and self-improvement services to residents with middle, low, and very-low income. Through preservation, development, construction, and operation of affordable multifamily housing, they aim to provide relief for poor and distressed individuals. The organization maintains rents for 75% or more of its residential units at a level affordable for those making 80% or less of the area median income.
Official website here: www.w.commonwealth-multifamily.org
Who is the CEO of Commonwealth Multifamily Housing Corporation?
David Cole is the Principal Officer of Commonwealth Multifamily Housing Corporation.
Official website here: www.w.commonwealth-multifamily.org
What is the revenue of Commonwealth Multifamily Housing Corporation?
Commonwealth Multifamily Housing Corporation's revenue in 2022 was $15,668,421.
Official website here: www.w.commonwealth-multifamily.org
Who are the executives of Commonwealth Multifamily Housing Corporation and what are their salaries?
Here are 6 key members and their salaries:
- John A Carlisi (President/Treasurer) [Trustee/Director]
- David P Cole (Vice President/Secretary) [Trustee/Director]
- Patricia Rainwater (Director)
- Tommy Good (Director)
- Margaret Mcfarland (Director)
- Jacque H Woodring (Director)
Official website here: www.w.commonwealth-multifamily.org
Where can I find the form 990 for Commonwealth Multifamily Housing Corporation?
The Commonwealth Multifamily Housing Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.w.commonwealth-multifamily.org
Learn more at the official website: www.w.commonwealth-multifamily.org
Mission Statement of Commonwealth Multifamily Housing Corporation
Commonwealth Multifamily Housing Corporation, a renowned organization, is dedicated to the preservation, development, construction, and operation of affordable multifamily housing. Its primary mission is to provide affordable housing for those in need, especially the poor and distressed. By maintaining rents for three-quarters of its residential units at a level affordable for residents earning 80% or less of the area median income, the corporation ensures that a significant portion of the community has access to safe and affordable living spaces. The organization goes beyond just housing by offering educational and self-improvement services to the middle, low, and very-low income residents in the housing it manages.
Impact
This information is meant to be a general summary of Commonwealth Multifamily Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Commonwealth Multifamily Housing Corporation's impact lies in its relentless dedication to providing affordable housing for middle, low, and very-low-income residents. Through the preservation, development, construction, and operation of multifamily housing properties, the organization ensures that a significant portion of its residential units offer rents that are affordable for individuals earning 80% or less of the area median income. By doing so, Commonwealth Multifamily Housing Corporation directly addresses the pressing need for accessible and secure housing options, thereby alleviating the burden of poverty and distress within the communities it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,066,384
OTHER PROPERTY INCOME
Revenue
$560,576
Organization Details
Founding Year
2000
Phone
(254) 773-7400
Principal Officer
David Cole
Main Address
1610 S 31ST ST 200, TEMPLE, TX, 76504
NTEE Category
Code: L80 - Housing
If you are a representative of Commonwealth Multifamily 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.