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Marin Housing Development Corporation

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

EIN: 942814436 ✦ San rafael, CA ✦ Designated as a 501(c)(3)

Overview

What is Marin Housing Development Corporation?

Marin Housing Development Corporation is a nonprofit organization based in San Rafael, California. Its primary mission is to support the Housing Authority of Marin County by financing and executing the acquisition, construction, rehabilitation, and equipping of rental housing for low-income individuals. The corporation currently manages a 28-unit property located in San Rafael, generating revenue primarily from rental activities. Operational expenses include management fees, salaries and benefits for a property manager, utilities, insurance, maintenance, debt service interest, and depreciation. Marin Housing Development Corporation's objective is to maintain, improve, and expand the supply of affordable housing in Marin County, California. The organization's Sundance housing development is a notable example of its initiatives.


Official website here: www.marinhousing.org

Is Marin Housing Development Corporation legitimate?

Marin Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marin 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: $38,984

For more financial information, click here


Official website here: www.marinhousing.org

What is the mission statement of Marin Housing Development Corporation?

The Marin Housing Development Corporation was established with the mission to enhance and expand the availability of affordable housing for low-income individuals. This is achieved by financing or directly engaging in the acquisition, construction, rehabilitation, and equipping of rental housing units. The corporation's endeavors are focused on sites within the County of Marin, as demonstrated by their ownership of a 28-unit property in San Rafael. In essence, Marin Housing Development Corporation's mission is to contribute to improving housing accessibility for those in need.


Official website here: www.marinhousing.org

Who is the CEO of Marin Housing Development Corporation?

Nick Zhou is the Director of Marin Housing Development Corporation.


Official website here: www.marinhousing.org

What is the revenue of Marin Housing Development Corporation?

Marin Housing Development Corporation's revenue in 2022 was $664,844.


Official website here: www.marinhousing.org

Who are the executives of Marin Housing Development Corporation and what are their salaries?

Here are 7 key members and their salaries:

    Jeff Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberly Carroll (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Zhou (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrian Chorley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Latina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Cummings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Millard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.marinhousing.org

    Where can I find the form 990 for Marin Housing Development Corporation?

    The Marin Housing Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.marinhousing.org

    Learn more at the official website: www.marinhousing.org

    Mission Statement of Marin Housing Development Corporation

    Marin Housing Development Corporation, a nonprofit entity, was established with a mission to support the Housing Authority of the County of Marin, a public body in California. Its primary objective is to assist in the acquisition, construction, rehabilitation, and equipping of rental housing for individuals of low income. This organization takes pride in its 28-unit property located in San Rafael, California, known as Sundance. The corporation's mission is centered around maintaining, improving, and expanding the supply of affordable housing in the County of Marin, California, by financing or executing the acquisition, construction, rehabilitation, remodeling, and equipping of housing units. This commitment to low-income individuals underscores Marin Housing Development Corporation's dedication to addressing housing inequality and ensuring access to affordable living spaces.

    Impact

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




    Wednesday, July 24, 2024

    Marin Housing Development Corporation's impact lies in its significant contribution to maintaining, improving, and expanding the availability of affordable housing in Marin County, California. Through its ownership of a 28-unit property in San Rafael known as Sundance, the organization provides much-needed rental housing for individuals of low-income in the region. By financing and executing the acquisition, construction, rehabilitation, and equipping of housing units, Marin Housing Development Corporation plays a crucial role in addressing the housing needs of vulnerable populations in Marin County.





    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: $2,894
  • Program Service Revenue: $648,545
  • Gross Receipts: $664,844

    • Assets and Liabilities:
  • Total Assets: $2,301,661
  • Total Liabilities: $1,304,159
  • Net Assets: $997,502
  • Programs

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

    RENTAL ACTIVITY

    Revenue

    $648,545

    Organization Details

    Founding Year

    1979

    Principal Officer

    Nick Zhou

    Main Address

    4020 CIVIC CENTER DR, SAN RAFAEL, CA, 94903

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Marin Housing Development 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.