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Affordable Central Texas Inc

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

EIN: 813188845 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Affordable Central Texas Inc?

Affordable Central Texas Inc, a charitable organization based in Austin, Texas, is dedicated to preserving affordable housing for moderate and lower-income households in the area. With significant involvement and initial funding from the City of Austin, the nonprofit aims to establish and manage a strategic fund. This fund will involve the acquisition, renovation, and long-term maintenance of existing multi-family buildings, thus ensuring their affordability. The organization's mission is multifaceted, aiming to alleviate government burdens, support the less fortunate, eliminate neighborhood tensions, combat discrimination, and promote community development. Operating from its headquarters at 6000 N Lamar Blvd Suite 200, Austin, TX 78752, Affordable Central Texas Inc is an integral part of addressing housing challenges in the city.


Is Affordable Central Texas Inc legitimate?

Affordable Central Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Central Texas 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: $630,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,291

For more financial information, click here


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

Mission Statement of Affordable Central Texas Inc

Affordable Central Texas, Inc. is a charitable organization that operates with a mission to preserve and maintain housing that is affordable for moderate and lower-income households in Austin, Texas. This community-focused organization is dedicated to alleviating the burdens placed on government, providing relief to the distressed, underprivileged, and poor, reducing neighborhood tensions, combating prejudice and discrimination, and addressing community deterioration. In essence, Affordable Central Texas, Inc. aims to contribute to the betterment of its community by addressing housing affordability issues and promoting social equality.

Impact

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




Saturday, July 20, 2024

Affordable Central Texas Inc is making a significant impact by preserving the supply of housing that is affordable to moderate and lower-income households in Austin, Texas. Specifically, the organization is dedicated to strategically acquiring, renovating, and managing existing multi-family buildings to make them affordable for the long term. This initiative aligns with the Austin Strategic Housing Plan, a comprehensive strategy developed by the city of Austin to address housing challenges in the area. By providing affordable housing options for working households at the lower end of the economic spectrum, Affordable Central Texas Inc is helping to lessen the burdens of government, relieve the poor and distressed, combat community deterioration, and promote inclusivity and equality within 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: $1,209
  • Program Service Revenue: $550,451
  • Gross Receipts: $2,213,857

    • Assets and Liabilities:
  • Total Assets: $2,125,083
  • Total Liabilities: $781,786
  • Net Assets: $1,343,297
  • Programs

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

    ACQUISITION FEES

    Revenue

    $333,000

    ASSET MANAGEMENT FEES

    Revenue

    $293,382

    FT K1 - AHC

    Revenue

    $-75,931

    Organization Details

    Founding Year

    2016

    Principal Officer

    David Steinwedell

    Main Address

    6000 N LAMAR BLVD SUITE 200, AUSTIN, TX, 78752

    NTEE Category

    Code: L02 - Housing

    If you are a representative of Affordable Central Texas Inc 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.