Overview
What is Cil Affordable Housing Inc?
Cil Affordable Housing Inc, located in Hartford, Connecticut, is a nonprofit organization dedicated to improving housing conditions in the cities of Hartford, Meriden, and New Haven. Their primary focus is on acquiring one to three-family properties, which are often in distress or situated in blighted areas. After rehabilitating these properties to a comfortable, modern standard, they sell them to income-qualified first-time homebuyers, with the income restriction varying by project. Generally, the income limit is 80% of the area median income or less. Apart from property acquisition and rehabilitation, Cil Affordable Housing Inc also develops, owns, and operates low and moderate income housing, demonstrating their commitment to enhancing affordable housing options in the mentioned Connecticut cities.
Official website here: www.cil.org
Is Cil Affordable Housing Inc legitimate?
Cil Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cil 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: $0
For more financial information, click here
Official website here: www.cil.org
What is the mission statement of Cil Affordable Housing Inc?
Cil Affordable Housing Inc is committed to developing, owning, and operating low-income and moderate-income housing. Their primary focus is on acquiring one to three-family properties, primarily in urban areas such as Hartford, Meriden, and New Haven. The properties are then thoroughly rehabilitated to meet a comfortable, modern standard before being sold to income-qualified first-time homebuyers. The income restriction for these properties can vary by project, but typically falls below 80% of the area median income.
Official website here: www.cil.org
Who is the CEO of Cil Affordable Housing Inc?
Maria Green is the President/Ceo of Cil Affordable Housing Inc. The CEO's salary of Cil Affordable Housing Inc is $0 and their total compensation is $311,670.
Official website here: www.cil.org
What is the revenue of Cil Affordable Housing Inc?
Cil Affordable Housing Inc's revenue in 2023 was -$189,953.
Official website here: www.cil.org
Who are the executives of Cil Affordable Housing Inc and what are their salaries?
Here are 12 key members and their salaries (Cil Affordable Housing Inc's CEO's salary is $0 and their total compensation is $311,670):
- Compensation: $0
- Related: $260,869
- Other: $50,801
- Compensation: $0
- Related: $209,039
- Other: $33,958
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $82,040
- Other: $17,673
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cil.org
Where can I find the form 990 for Cil Affordable Housing Inc?
Cil Affordable Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cil.org
Learn more at the official website: www.cil.org
Mission Statement of Cil Affordable Housing Inc
Cil Affordable Housing Inc is committed to developing, owning, and operating low and moderate income housing. The nonprofit organization specializes in acquiring one to three-family properties primarily in Connecticut cities such as Hartford, Meriden, and New Haven. Once acquired, they meticulously rehabilitate these properties to meet a comfortable and modern standard. After these renovations, they sell the properties to income-qualified first-time homebuyers. The income restriction for these properties can vary depending on the project, but generally, it falls below 80% of the area median income or less. The ultimate goal of Cil Affordable Housing Inc is to provide affordable housing options for individuals and families in need, often focusing on renovating distressed or blighted properties in the community.
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Impact
October, 2024
Cil Affordable Housing Inc significantly impacts the communities of Hartford, Meriden, and New Haven by transforming distressed and blighted properties into modern, comfortable homes for low- to moderate-income families. By acquiring one to three-family homes, rehabilitating them, and selling them to income-qualified first-time homebuyers, the organization not only improves the housing stock but also revitalizes neighborhoods and fosters community stability.
With a focus on properties that are often overlooked, Cil Affordable Housing addresses the critical need for affordable housing in Connecticut. By setting income restrictions typically at 80% of the area median income or less, the organization ensures that these homes remain accessible to those who need them most. This approach not only creates homeownership opportunities but also helps to stabilize families and communities, contributing to greater economic and social vitality in the region.
Through its efforts, Cil Affordable Housing Inc plays a vital role in combating housing inequality, enhancing neighborhood livability, and promoting sustainable community development. The ripple effects of its work can lead to improved quality of life for residents and stronger, more resilient communities overall.
This information is meant to be a general summary of Cil 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$189,953
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1994
Phone
(860) 563-6011Principal Officer
Maria Green
Main Address
57 CHARTER OAK AVE SUITE A, HARTFORD, CT, 06106
Website
www.cil.orgNTEE Category
Code: L21 - Housing
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