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North Haven Opportunity For Affordable Housing Inc

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

EIN: 061384957 ✦ North haven, CT ✦ Designated as a 501(c)(3)

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Overview

What is North Haven Opportunity For Affordable Housing Inc?

North Haven Opportunity for Affordable Housing Inc. is a dedicated nonprofit organization located in North Haven, Connecticut. Established with a mission to advocate for and construct affordable housing, the organization completed an 8-unit rental housing project in late 2019. Financed by a long-term loan from the Connecticut Department of Housing, the project commenced in November 2018. The nonprofit takes responsibility for the maintenance and operations of the facility, reporting its progress from 2020 onwards. Their commitment to affordable housing in the community continues to make a significant impact on North Haven's residents.

Is North Haven Opportunity For Affordable Housing Inc legitimate?

North Haven Opportunity For Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Haven Opportunity For Affordable Housing 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,337

For more financial information, click here

What is the mission statement of North Haven Opportunity For Affordable Housing Inc?

North Haven Opportunity For Affordable Housing Inc is committed to advocating for and constructing affordable housing. This organization has demonstrated its mission by completing an eight-unit affordable rental housing project, which began in November 2018 and was completed at the end of 2019. The project was financially supported by a long-term loan from the Connecticut Department of Housing. Since its completion, the facility's maintenance and operations have been reported from 2020 up until the present. The organization continues to work towards providing affordable housing solutions, playing a significant role in addressing housing affordability challenges.

Who is the CEO of North Haven Opportunity For Affordable Housing Inc?

Lorraine Martin is the President of North Haven Opportunity For Affordable Housing Inc.

What is the revenue of North Haven Opportunity For Affordable Housing Inc?

North Haven Opportunity For Affordable Housing Inc's revenue in 2022 was $82,445.

Who are the executives of North Haven Opportunity For Affordable Housing Inc and what are their salaries?

There 6 volunteers at North Haven Opportunity For Affordable Housing Inc.


Here are 4 key members and their salaries:


Marjorie Allen Dauster (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Stetson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Compton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorraine Martin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for North Haven Opportunity For Affordable Housing Inc?

North Haven Opportunity For Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of North Haven Opportunity For Affordable Housing Inc

North Haven Opportunity for Affordable Housing Inc. is dedicated to advocating for and constructing affordable housing solutions in its mission. This nonprofit organization has successfully completed an affordable rental housing project, which started in November 2018 and concluded at the end of the following year. This project, consisting of eight units, was financially supported by a long-term loan from the Connecticut Department of Housing. Since the completion of the project, the maintenance and operations of the facility have been reported from 2020 until the present. North Haven Opportunity for Affordable Housing Inc. plays a crucial role in addressing the need for affordable housing, advocating for policies and initiatives that make housing more accessible and affordable for those in need.

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Impact




October, 2024

North Haven Opportunity For Affordable Housing Inc. has made a significant impact on the community by advocating for and constructing affordable housing in North Haven, CT. The organization successfully completed an 8-unit affordable rental housing project, which began construction in November 2018 and was completed by the end of 2019. This initiative not only provided much-needed housing options for residents but also addressed the growing demand for affordable living spaces in the area.

Financed through a long-term loan from the Connecticut Department of Housing, the project demonstrates a commitment to long-lasting solutions for housing challenges in the community. Since its completion, the facility has been maintained and operated effectively, contributing to the stability and well-being of its residents. By enhancing housing accessibility, North Haven Opportunity For Affordable Housing Inc. has fostered a more inclusive community, allowing individuals and families to secure stable living environments that are essential for their growth and success.




This information is meant to be a general summary of North Haven Opportunity For Affordable Housing 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.

Revenue
$82,445 (2022)
Expenses
$105,598 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $113
  • Program Service Revenue: $82,332
  • Gross Receipts: $82,445

Assets and Liabilities:

  • Total Assets: $4,265,794
  • Total Liabilities: $3,153,374
  • Net Assets: $1,112,420

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Programs

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

RENT INCOME

Revenue

$81,392

PROGRAM INCOME

Revenue

$940

Organization Details

Founding Year

1993

Principal Officer

Lorraine Martin

Main Address

90 RIDGEWOOD AVE, NORTH HAVEN, CT, 06473

NTEE Category

Code: L99 - Housing

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