Overview
What is Residents First Development Corp?
Residents First Development Corp is a nonprofit organization situated in Lowell, Massachusetts. Their primary mission is to construct and fund affordable housing options for individuals with low, moderate, and middle-income backgrounds. Through their programs, they offer financial assistance to help these groups secure housing. Their work aims to contribute to a socially inclusive and equitable community by making housing affordable, thereby ensuring that a diverse range of individuals can call Lowell home.
Is Residents First Development Corp legitimate?
Residents First Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Residents First Development Corp 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.
What is the mission statement of Residents First Development Corp?
Residents First Development Corporation is dedicated to constructing affordable housing and offering financial assistance to low, moderate, and middle-income individuals. Their mission is to support these groups in acquiring housing through various funding programs. The corporation aims to make housing more accessible, promoting a more equitable living environment for a diverse income range. By providing financial aid, they contribute to the stability and well-being of their community members.
Who is the CEO of Residents First Development Corp?
Unavailable
What is the revenue of Residents First Development Corp?
Residents First Development Corp's revenue in 2023 was $8,143.
Who are the executives of Residents First Development Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Residents First Development Corp?
Residents First Development Corp's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Residents First Development Corp
Residents First Development Corporation, as a nonprofit organization, is committed to constructing affordable housing and providing financial assistance for individuals with moderate to middle income levels. Their mission is to offer funding opportunities to help these individuals acquire suitable housing, thereby addressing the housing needs of a broad segment of the population. By constructing affordable housing and offering financial support, Residents First Development Corporation plays a significant role in ensuring that low-income individuals have access to decent living spaces, thereby enhancing their overall quality of life.
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Impact
August, 2024
Residents First Development Corp's impact can be seen in the increased access to affordable housing for low, moderate, and middle-income individuals in Lowell, Massachusetts. By constructing affordable housing units and providing funding support, the organization has helped these groups secure housing that meets their financial capabilities. This impact has not only improved the living conditions for individuals and families in Lowell but has also contributed to the overall stability and well-being of the community.
This information is meant to be a general summary of Residents First Development Corp. 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 2023.
- Investment Income: $1
- Gross Receipts: $8,143
Assets and Liabilities:
- Total Assets: $494,532
- Total Liabilities: $914,026
- Net Assets: -$419,494
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Organization Details
Main Address
P O BOX 8617, LOWELL, MA, 018538617
NTEE Category
Code: L210 - Housing
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