Overview
What is Mad River Valley Housing Coalition Inc?
Mad River Valley Housing Coalition Inc is a nonprofit organization committed to facilitating affordable housing in the area. In 2021, they received a donation of $30,000 from the MRV Community Fund to contribute towards the construction or renovation of three Accessory Dwelling Units (ADUs). These units will be kept at below-market rent for a minimum of five years due to favorable market conditions. The Coalition also provided grants to support the construction or renovation of two more ADUs that will follow the same below-market rent policy. The primary goal of Mad River Valley Housing Coalition Inc is to make housing more accessible and affordable within its community.
Official website here: www.mrvhousing.org
Is Mad River Valley Housing Coalition Inc legitimate?
Mad River Valley Housing Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mad River Valley Housing Coalition Inc submitted a form 990EZ, 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.
Heare 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.mrvhousing.org
What is the mission statement of Mad River Valley Housing Coalition Inc?
The Mad River Valley Housing Coalition Inc's mission is centered around facilitating affordable housing. In 2021, they returned a donation of $30,000 to construct or renovate three Accessory Dwelling Units (ADUs). Recognizing the market conditions, they chose to leverage this investment for more significant impact. The organization also provided grants to facilitate the construction or renovation of two ADUs, which will be kept at below-market rent for a minimum of five years. This commitment to affordable housing aims to address the housing needs of the community.
Official website here: www.mrvhousing.org
What is the revenue of Mad River Valley Housing Coalition Inc?
Mad River Valley Housing Coalition Inc's revenue in 2022 was $6,725.
Official website here: www.mrvhousing.org
Who are the executives of Mad River Valley Housing Coalition Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $10,290
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Official website here: www.mrvhousing.org
Where can I find the form 990EZ for Mad River Valley Housing Coalition Inc?
Mad River Valley Housing Coalition Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.mrvhousing.org
Learn more at the official website: www.mrvhousing.org
Mission Statement of Mad River Valley Housing Coalition Inc
Mad River Valley Housing Coalition Inc, as per its recent activities, aims to contribute towards affordable housing solutions by utilizing a portion of the 2021 MRV Community Fund's donation. The organization intends to construct or renovate three Accessory Dwelling Units (ADUs), ensuring they remain available at below-market rents for a minimum of five years. Recognizing the market conditions, the MRV Community Fund found that this approach would offer better leverage for the ADU projects. Beyond this, Mad River Valley Housing Coalition Inc has also provided grants to facilitate the construction or renovation of two additional ADUs, which will also be kept at affordable rents. This strategic approach by the organization is geared towards addressing the need for affordable housing within their community.
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Impact
August, 2024
Mad River Valley Housing Coalition Inc's impact can be seen in the facilitation of affordable housing through various initiatives. This includes returning a donation for the construction and renovation of Accessory Dwelling Units (ADUs) to focus on projects with better leverage, as well as providing grants for the construction and renovation of ADUs to be kept at below market rent for a minimum of 5 years. These efforts contribute to addressing the need for affordable housing in the community, making a tangible difference for individuals and families in the Waitsfield area of Vermont.
This information is meant to be a general summary of Mad River Valley Housing Coalition Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Gross Receipts: $6,725
Assets and Liabilities:
- Total Assets: $26,496
- Total Liabilities: $0
- Net Assets: $26,496
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Organization Details
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