Overview
What is Stamford Affordable Homes Inc?
Stamford Affordable Homes Inc, based in Stamford, Connecticut, is a nonprofit organization committed to providing affordable housing solutions. Located at 76 Progress Drive, they specialize in developing and managing homes for both homeowners and renters who fall under the low-income category as defined by the U.S. Department of Housing and Urban Development (HUD). Their primary mission is to promote affordable living, contributing positively to the housing market in the Stamford area. The organization is currently active, and their latest activity involves the rental of a single-family residence situated at 53 Clinton Avenue, Stamford, CT.
Is Stamford Affordable Homes Inc legitimate?
Stamford Affordable Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Affordable Homes 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:
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What is the mission statement of Stamford Affordable Homes Inc?
Stamford Affordable Homes Inc, as a mission, focuses on developing and managing affordable housing for individuals with low income, in accordance with the guidelines set by the U.S. Department of Housing and Urban Development (HUD). The organization's primary objective is to provide affordable housing solutions for both homeowners and renters, thereby addressing the housing needs of this specific demographic. Currently, the organization is actively involved in the rental of a single-family residence.
Who is the CEO of Stamford Affordable Homes Inc?
William J Healy Ii is the Vice President of Stamford Affordable Homes Inc.
What is the revenue of Stamford Affordable Homes Inc?
Stamford Affordable Homes Inc's revenue in 2022 was $172,726.
Who are the executives of Stamford Affordable Homes Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Compensation: $197,520
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- Other: $53,381
Where can I find the form 990 for Stamford Affordable Homes Inc?
Stamford Affordable Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stamford Affordable Homes Inc
Stamford Affordable Homes Inc is dedicated to a noble mission. This nonprofit organization aims to develop and manage affordable housing for individuals and families with low incomes, as defined by the U.S. Department of Housing and Urban Development (HUD). By doing so, they contribute to making housing accessible for those who might otherwise struggle with high costs. This mission is a crucial step in ensuring a stable living environment for a significant portion of the population, thereby fostering community development and social equality. In their pursuit of this mission, Stamford Affordable Homes Inc manages various housing units, including single-family residences, providing an affordable alternative for those who require it.
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Impact
October, 2024
Stamford Affordable Homes Inc. plays a crucial role in addressing the affordable housing crisis by developing and managing housing options for low-income individuals and families. By focusing on both homeowners and renters, the organization helps create stability in the community, allowing residents to secure safe and affordable living conditions.
Through its active rental of properties, such as the single-family residence at 53 Clinton Avenue, Stamford Affordable Homes Inc. provides necessary housing solutions that align with the income thresholds outlined by the U.S. Department of Housing and Urban Development (HUD). This initiative not only enhances the quality of life for residents but also contributes to the overall economic health of Stamford by fostering diverse and inclusive neighborhoods.
By prioritizing affordable housing, Stamford Affordable Homes Inc. mitigates some of the challenges faced by low-income households, such as housing insecurity and the risk of homelessness. Ultimately, its impact extends beyond individual housing developments, fostering a sense of community and stability that supports social and economic advancement for those in need.
This information is meant to be a general summary of Stamford Affordable Homes 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: $172,726
- Gross Receipts: $172,726
Assets and Liabilities:
- Total Assets: $3,519,471
- Total Liabilities: $491,763
- Net Assets: $3,027,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REV
Revenue
$172,726
Organization Details
Founding Year
2001
Phone
(203) 998-0889Principal Officer
William J Healy Ii
Main Address
76 PROGRESS DRIVE, STAMFORD, CT, 06902
NTEE Category
Code: L20 - Housing
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