Overview
What is Bywater Mutual Homes Inc?
Bywater Mutual Homes Inc, established in December 1970, is a nonprofit organization based in Annapolis, Maryland. Its primary mission is to provide affordable cooperative housing for low-income families, adhering to Section 236 of the National Housing Act. The organization owns and manages two complexes, with 76 units in Section I and 232 units in Section II. Both complexes are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of dwelling unit charges and operating methods. Bywater Mutual Homes Inc plays a significant role in making housing accessible and affordable within its community.
Is Bywater Mutual Homes Inc legitimate?
Bywater Mutual Homes Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bywater Mutual 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bywater Mutual Homes Inc?
Bywater Mutual Homes Inc's mission is centered around providing affordable housing to low-income families. Operating under Section 236 of the National Housing Act, the organization constructs and manages cooperative townhouse complexes. Its primary goal is to ensure the availability of reasonably priced housing units, overseen by the U.S. Department of Housing and Urban Development (HUD) in terms of dwelling unit charges and operational methods. Bywater Mutual Homes Inc aims to contribute to a more equitable living situation for families with limited financial resources by offering affordable cooperative housing options.
Who is the CEO of Bywater Mutual Homes Inc?
Deneice Fisher is the President of Bywater Mutual Homes Inc.
What is the revenue of Bywater Mutual Homes Inc?
Bywater Mutual Homes Inc's revenue in 2022 was $3,450,471.
Who are the executives of Bywater Mutual Homes Inc and what are their salaries?
There 4 volunteers at Bywater Mutual Homes Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bywater Mutual Homes Inc?
Bywater Mutual Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bywater Mutual Homes Inc
Bywater Mutual Homes Inc, established in December 1970, was organized with a mission to provide affordable cooperative housing. In accordance with Section 236 of the National Housing Act, this nonprofit organization aims to construct and manage cooperative townhouse complexes that cater to low-income families. Bywater Mutual Homes Inc oversees two such projects, each with a distinct number of units. The first, known as Section I, has 76 units, while the second, labeled as Section II, houses 232 families. Both projects operate under the regulations of the U.S. Department of Housing and Urban Development (HUD), ensuring that dwelling unit charges and operational methods adhere to their guidelines. Bywater Mutual Homes Inc's mission is to provide affordable housing solutions, ensuring that eligible families have access to cooperative living options.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Bywater Mutual Homes Inc significantly impacts the local community by providing affordable housing options for low-income families in Annapolis, Maryland. Established in 1970, the organization operates two cooperative townhouse complexes, offering a total of 308 residential units. By implementing the provisions of Section 236 of the National Housing Act, Bywater Mutual Homes ensures that housing is both accessible and regulated, enabling families to secure stable living conditions.
The existence of these cooperative housing units directly contributes to the alleviation of housing insecurity, allowing families to thrive in a supportive community environment. By fostering cooperative living, residents not only benefit from the affordability of their housing but also from a sense of shared responsibility and community engagement. In essence, Bywater Mutual Homes plays a critical role in promoting social stability and enhancing the quality of life for its residents, while also addressing broader issues of housing equity and access in the region.
This information is meant to be a general summary of Bywater Mutual 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.
- Investment Income: $9,867
- Program Service Revenue: $1,999,008
- Gross Receipts: $3,450,471
Assets and Liabilities:
- Total Assets: $12,033,415
- Total Liabilities: $7,999,438
- Net Assets: $4,033,977
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,999,008
Organization Details
Founding Year
1970
Phone
(410) 268-1428Principal Officer
Deneice Fisher
Main Address
911 C ROYAL STREET, ANNAPOLIS, MD, 21401
NTEE Category
Code: L20 - Housing
If you are a representative of Bywater Mutual Homes Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.