Overview
What is Urban Suburban Affordables Inc?
Urban Suburban Affordables Inc, based in Hartford, Connecticut, serves as a nonprofit organization with a mission to provide affordable housing opportunities. Situated at 47 Vine Street, the organization functions as a land trust in the greater Hartford area. Eligible moderate and low-income families can acquire parcels of land and purchase homes that occupy these plots, ensuring they have affordable housing options. This nonprofit's primary goal is to contribute to the community by making housing more accessible for families in need.
Is Urban Suburban Affordables Inc legitimate?
Urban Suburban Affordables Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Suburban Affordables Inc 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.
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What is the mission statement of Urban Suburban Affordables Inc?
Urban Suburban Affordables Inc's mission is centered around providing affordable housing options. Specifically, the organization aims to serve moderate and low-income families in various communities. To achieve this, Urban Suburban Affordables Inc acquires and leases parcels of land, allowing eligible families to purchase homes that occupy these plots. In essence, the organization acts as a land trust in the greater Hartford area, promoting affordable housing opportunities.
Who is the CEO of Urban Suburban Affordables Inc?
Cori Mackey is the President of Urban Suburban Affordables Inc.
What is the revenue of Urban Suburban Affordables Inc?
Urban Suburban Affordables Inc's revenue in 2022 was $107,385.
Who are the executives of Urban Suburban Affordables Inc and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $109,000
- Other: $19,275
Where can I find the form 990 for Urban Suburban Affordables Inc?
Urban Suburban Affordables Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Urban Suburban Affordables Inc
Urban Suburban Affordables Inc, a nonprofit organization, is committed to providing affordable housing for moderate and low-income families. In pursuit of this mission, the organization serves as a land trust in the greater Hartford area. Through strategic land acquisitions and leasing, Urban Suburban Affordables Inc makes homes available for eligible families. When these families purchase the homes that occupy the leased parcels, they gain access to affordable housing within the organization's scope. By providing affordable housing, Urban Suburban Affordables Inc plays a significant role in supporting families who may otherwise struggle to secure suitable housing within their budget.
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Impact
October, 2024
Urban Suburban Affordables Inc significantly enhances the quality of life for moderate and low-income families in the Hartford area by providing access to affordable housing. By acquiring land and leasing it to eligible families, the organization enables homeownership opportunities that might otherwise be unattainable for many. This approach not only helps families secure stable housing but also fosters community growth and stability.
The impact of Urban Suburban Affordables Inc extends beyond mere housing availability; it contributes to the overall economic development of Hartford. By increasing homeownership rates, the organization helps build wealth for families, which can lead to improved educational outcomes for children and decreased reliance on social services. Moreover, as families invest in their homes and communities, additional benefits such as enhanced neighborhood pride and lower crime rates can emerge.
Through its mission to serve as a land trust, Urban Suburban Affordables Inc also plays a crucial role in mitigating gentrification pressures, ensuring that existing communities are preserved while still providing pathways for new families to enter the housing market. By focusing on the needs of moderate-income families, the organization supports a diverse and vibrant community, ultimately contributing to a more equitable housing landscape in Hartford.
This information is meant to be a general summary of Urban Suburban Affordables 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.
- Program Service Revenue: $107,385
- Gross Receipts: $107,385
Assets and Liabilities:
- Total Assets: $4,449,165
- Total Liabilities: $0
- Net Assets: $4,449,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASES
Revenue
$107,385
Organization Details
Founding Year
1992
Phone
(860) 527-9860Principal Officer
Cori Mackey
Main Address
47 VINE STREET, HARTFORD, CT, 06112
NTEE Category
Code: L25Z - Housing
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