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Framingham Housing Development Corp Ii

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

EIN: 043230028 ✦ Framingham, MA ✦ Designated as a 501(c)(3)

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Overview

What is Framingham Housing Development Corp Ii?

Framingham Housing Development Corp II is a nonprofit organization dedicated to providing affordable housing solutions for low and moderate-income families. Located in Framingham, they own and manage rental properties specifically designed for this income bracket. Their mission, as stated in 2022, was to offer housing and assistance to 12 such families, demonstrating their commitment to community welfare. The organization's primary activity revolves around ensuring access to affordable housing, thereby contributing to a stable living environment for these families.

Is Framingham Housing Development Corp Ii legitimate?

Framingham Housing Development Corp Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Framingham Housing Development Corp Ii 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.


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

What is the mission statement of Framingham Housing Development Corp Ii?

Framingham Housing Development Corp II is dedicated to providing affordable housing and assistance to families with low and moderate income levels. Established with this mission, the organization successfully assisted 12 families in 2022 through low-income housing rentals. Their primary objective is to make quality housing accessible to those who may not otherwise be able to afford it, thereby contributing to a more equitable living situation for these families. Framingham Housing Development Corp II continually works towards this goal by managing and operating affordable housing units, ensuring that these families have a secure and comfortable living environment.

Who is the CEO of Framingham Housing Development Corp Ii?

Janet Leombruno is the Chairman of Framingham Housing Development Corp Ii.

What is the revenue of Framingham Housing Development Corp Ii?

Framingham Housing Development Corp Ii's revenue in 2022 was $188,258.

Who are the executives of Framingham Housing Development Corp Ii and what are their salaries?

There 5 volunteers at Framingham Housing Development Corp Ii.


Here are 5 key members and their salaries:


Janet Leombruno (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Merusi (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Joyee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis A May (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janice M Rogers (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Framingham Housing Development Corp Ii?

Framingham Housing Development Corp Ii's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Framingham Housing Development Corp Ii

Framingham Housing Development Corp II is an organization dedicated to providing affordable housing solutions for low and moderate-income families. Established with the purpose of offering housing and assistance, the corporation has been instrumental in aiding 12 families in their living arrangements during 2022. Through their low income housing rentals, they offer a vital service, enabling these families to secure stable and affordable accommodations. By doing so, Framingham Housing Development Corp II contributes to the wellbeing and stability of its community, ensuring that families in need have access to decent housing.

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Impact




October, 2024

Framingham Housing Development Corp II plays a vital role in addressing the housing needs of low and moderate-income families in Framingham, Massachusetts. By owning and operating affordable housing units, the organization provides essential support to families who might otherwise struggle to find suitable accommodations. In 2022, it assisted 12 families, demonstrating its direct impact on the community by ensuring access to affordable living spaces. This initiative not only alleviates financial pressure on these families but also fosters stability and security, contributing positively to the overall well-being of the community. The presence of such affordable housing solutions is crucial in navigating the challenges of economic disparity and housing insecurity.




This information is meant to be a general summary of Framingham Housing Development Corp Ii. 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.

Revenue
$188,258 (2022)
Expenses
$198,812 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $147
  • Program Service Revenue: $188,064
  • Gross Receipts: $188,258

Assets and Liabilities:

  • Total Assets: $2,627,246
  • Total Liabilities: $934,999
  • Net Assets: $1,692,247

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Programs

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

RENTAL INCOME LOW RENT

Revenue

$188,064

Organization Details

Founding Year

1993

Principal Officer

Janet Leombruno

Main Address

1 JOHN J BRADY DRIVE, FRAMINGHAM, MA, 01702

NTEE Category

Code: L25Z - Housing

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