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Housing Development Corporation

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

EIN: 870428887 ✦ Salt lake city, UT ✦ Designated as a 501(c)(3)

Overview

What is Housing Development Corporation?

Housing Development Corporation is a nonprofit organization situated in Salt Lake City, Utah. Their primary mission revolves around providing affordable housing solutions to individuals with low and moderate incomes. To accomplish this, they operate two housing projects, collectively housing 109 units. By doing so, they contribute significantly to their community, ensuring that a broader section of society has access to comfortable living spaces.


Is Housing Development Corporation legitimate?

Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development 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: $232,934

For more financial information, click here


What is the mission statement of Housing Development Corporation?
What is the revenue of Housing Development Corporation?
Who are the executives of Housing Development Corporation and what are their salaries?
Where can I find the form 990 for Housing Development Corporation?

Mission Statement of Housing Development Corporation

Housing Development Corporation, a nonprofit organization, is committed to providing affordable housing solutions for individuals of low income. Their primary goal is to make housing accessible for this demographic, striving to meet the needs of both low and moderate income individuals. To achieve this, the corporation operates two housing projects, collectively offering 109 units of accommodation. By providing these affordable housing options, Housing Development Corporation is making a significant contribution towards improving living conditions for a segment of society that often faces housing challenges.

Impact

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




Saturday, July 20, 2024

Housing Development Corporation provides a crucial service by offering affordable housing to low-income individuals. Through their operation of two housing projects with a total of 109 units in Salt Lake City, UT, they directly impact the lives of individuals and families in need of safe and affordable housing options. Their mission to provide housing to low and moderate-income individuals helps address the pressing issue of housing insecurity and contributes to creating a more stable and sustainable 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: $9,160
  • Program Service Revenue: $1,001,339
  • Gross Receipts: $1,036,774

    • Assets and Liabilities:
  • Total Assets: $3,410,003
  • Total Liabilities: $171,807
  • Net Assets: $3,238,196
  • Programs

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

    RENTAL INCOME

    Revenue

    $960,137

    TENANT SERVICES

    Revenue

    $41,202

    Organization Details

    Founding Year

    1987

    Main Address

    1776 SOUTH WEST TEMPLE, SALT LAKE CITY, UT, 84115

    NTEE Category

    Code: L20Z - Housing

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