Overview
What is Capital Affordable Housing Funding Corporation?
Capital Affordable Housing Funding Corporation is a nonprofit organization situated in Albany, New York. Its primary mission is to offer low-cost mortgage financing with flexible underwriting criteria, specifically tailored for low and moderate-income families. Over an extended period, the corporation has provided around $21.2 million in mortgage loans to first-time homebuyers and developers of affordable rental properties. In the fiscal year ending in April 2022, this program served 57 participants, continuing its dedication to assisting such families in obtaining suitable housing.
Official website here: www.none
Is Capital Affordable Housing Funding Corporation legitimate?
Capital Affordable Housing Funding Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Capital Affordable Housing Funding Corporation 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
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Official website here: www.none
What is the mission statement of Capital Affordable Housing Funding Corporation?
The Capital Affordable Housing Funding Corporation's mission is centered around providing financial assistance to low and moderate income families. This is done by offering mortgage loans, which aid these families in obtaining qualified housing. The corporation's activities are focused on providing low-cost mortgage financing with flexible underwriting criteria, specifically targeting this income group. Over an eleven-year period, the corporation successfully provided $21.2 million in mortgage loans to first-time homebuyers and developers of affordable rental properties. More recently, in the year ending April 30, 2022, the corporation served 57 participants through its program.
Official website here: www.none
Who is the CEO of Capital Affordable Housing Funding Corporation?
Susan Cotner is the Secretary of Capital Affordable Housing Funding Corporation.
Official website here: www.none
What is the revenue of Capital Affordable Housing Funding Corporation?
Capital Affordable Housing Funding Corporation's revenue in 2022 was $40,061.
Official website here: www.none
Who are the executives of Capital Affordable Housing Funding Corporation and what are their salaries?
There 4 volunteers at Capital Affordable Housing Funding Corporation.
Here are 5 key members and their salaries:
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- Compensation: $0
- Related: $56,029
- Other: $2,896
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Capital Affordable Housing Funding Corporation
Capital Affordable Housing Funding Corporation is dedicated to providing financial assistance to low and moderate-income families, helping them secure qualified housing. The corporation achieves this mission by offering low-cost mortgage financing with flexible underwriting criteria. Over an eleven-year period, which concluded in 2001, Capital Affordable Housing Funding Corporation dispensed $21.2 million in mortgage loans to first-time homebuyers and developers of affordable rental properties. As of the year ending April 30, 2022, the organization served 57 participants through its program.
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Impact
October, 2024
Capital Affordable Housing Funding Corporation has made a significant impact by providing flexible and affordable mortgage financing to low and moderate-income families. Over an eleven-year period ending in 2001, the organization facilitated $21.2 million in mortgage loans, empowering first-time homebuyers and supporting the development of affordable rental properties.
In the year ending April 30, 2022, the program actively served 57 participants, illustrating its ongoing commitment to making housing more accessible. By targeting the specific needs of these families, the corporation has played a crucial role in promoting homeownership and enhancing the availability of affordable housing options in Albany, NY. The combination of low cost loans and flexible underwriting criteria has helped alleviate some of the financial barriers faced by low and moderate-income households, allowing them to secure stable and qualified housing.
This information is meant to be a general summary of Capital Affordable Housing Funding Corporation. 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: $199
- Program Service Revenue: $36,894
- Gross Receipts: $40,061
Assets and Liabilities:
- Total Assets: $761,075
- Total Liabilities: $424,479
- Net Assets: $336,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$36,894
Organization Details
Founding Year
1989
Phone
(518) 434-1730Principal Officer
Susan Cotner
Main Address
255 ORANGE STREET, ALBANY, NY, 12210
Website
www.noneNTEE Category
Code: L80 - Housing
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