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Southwest Neighborhood Housing Corp

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

EIN: 841300814 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Southwest Neighborhood Housing Corp?

Southwest Neighborhood Housing Corp is a nonprofit organization situated in Denver, Colorado. Their primary mission is to offer affordable housing solutions for low to moderate-income families residing in Southwest and Greater Denver neighborhoods. They achieve this goal through two means: managing 15 rental units that are rented out at a sliding-fee scale, and purchasing, renovating, and reselling houses to eligible families. Despite the small number of houses developed annually (0 to 1), their commitment to making housing affordable for residents who fall below 80% of the area median income is commendable.


Is Southwest Neighborhood Housing Corp legitimate?

Southwest Neighborhood Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Neighborhood Housing Corp 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


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

Mission Statement of Southwest Neighborhood Housing Corp

Southwest Neighborhood Housing Corp, a nonprofit organization, is committed to providing affordable housing solutions for low to moderate income residents in both Southwest and Greater Denver neighborhoods. Their mission is to make a significant impact by offering both rental and resale housing units on a sliding-fee scale or through the purchase, renovation, and subsequent resale of properties to eligible families. This endeavor enables them to cater to the housing needs of approximately 80% of the area's median income population. The organization's efforts in this regard result in the creation of around 0 to 1 affordable housing units annually, thereby contributing to a more equitable living environment for these communities.

Impact

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




Saturday, July 20, 2024

Southwest Neighborhood Housing Corp provides affordable rental and resale housing units for low to moderate income residents in Southwest and Greater Denver neighborhoods. Their impact includes offering 15 rental units on a sliding-fee scale and developing 0 to 1 houses per year for individuals and families at or below 80% of the area median income. They work towards ensuring access to affordable housing for those in need, helping to address the housing challenges faced by low to moderate income households in the region.





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: $1,216,917
  • Program Service Revenue: $161,868
  • Gross Receipts: $1,825,139

    • Assets and Liabilities:
  • Total Assets: $2,428,876
  • Total Liabilities: $724,381
  • Net Assets: $1,704,495
  • Programs

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

    Rentals and fees

    Revenue

    $161,868

    Organization Details

    Founding Year

    1995

    Principal Officer

    Tony Oum

    Main Address

    5045 W 1st Ave, Denver, CO, 80219

    NTEE Category

    Code: L20 - Housing

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