Overview
What is 704 Fhc Llc?
704 Fhc Llc is a nonprofit organization based in Falmouth, Massachusetts, with a mission to promote and facilitate affordable housing in the town. They are actively engaged in acquiring, constructing, managing, maintaining, and making available affordable housing units for individuals and families in need of economic assistance. The organization's activities include stimulating research and education related to affordable housing, with the aim of providing sustainable and affordable housing solutions in the Falmouth community.
Is 704 Fhc Llc legitimate?
704 Fhc Llc is a legitimate nonprofit organization registered as a 501(c)(2) entity. 704 Fhc Llc 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: $138,770
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What is the mission statement of 704 Fhc Llc?
The mission of 704 FHC LLC is centered around three key areas: education, stimulation, research, and providing affordable housing. This organization aims to contribute to the community by promoting learning and engagement, conducting research to enhance their efforts, and providing affordable housing options to individuals or families in need of economic assistance. They work towards acquiring, constructing, managing, maintaining, and making these housing units available to those who require financial support.
Who is the CEO of 704 Fhc Llc?
Linda Clark is the President of 704 Fhc Llc.
What is the revenue of 704 Fhc Llc?
704 Fhc Llc's revenue in 2022 was $1,149,759.
Who are the executives of 704 Fhc Llc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $148,232
- Other: $10,772
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 704 Fhc Llc?
704 Fhc Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 704 Fhc Llc
704 FHC LLC, a nonprofit organization, is committed to three primary objectives: education, stimulation, research, and providing affordable housing. The organization's mission is to implement these objectives in the community, specifically focusing on the town of Falmouth.
In pursuit of its mission, 704 FHC LLC takes on various tasks. The organization aims to acquire, construct, manage, maintain, and make available affordable housing units for individuals or families in need of economic assistance. By doing so, the nonprofit seeks to address the housing needs of its community, ensuring that everyone has access to a decent living space.
Furthermore, 704 FHC LLC is dedicated to stimulating the community. The specifics of this stimulation are not provided, but it can be inferred that the organization may promote growth and development within the community through various means, such as educational programs or community events.
In addition, 704 FHC LLC appears to have a research component to its mission. While the nature and focus of this research are not specified, it could involve studying local housing trends, needs, and potential solutions to inform the organization's housing initiatives.
In summary, 704 FHC LLC is an organization that works towards providing affordable housing, stimulating community growth, and conducting research in the community it serves. Its mission is to educate, stimulate, and research, ultimately aiming to make a positive impact on the community's housing situation.
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Impact
October, 2024
704 Fhc LLC plays a crucial role in addressing the housing needs of Falmouth, MA, by focusing on education, stimulation, research, and the provision of affordable housing. By acquiring, constructing, managing, and maintaining affordable housing, the organization directly supports individuals and families in need of economic assistance.
The impact of 704 Fhc LLC can be seen in several key areas:
1. **Increased Housing Availability**: By developing affordable housing options, the organization helps to alleviate the housing crisis in Falmouth, making it easier for low-income families to find suitable living arrangements.
2. **Economic Assistance**: The focus on providing housing to those in need ensures that families can secure stable living conditions, which is essential for their economic well-being and overall quality of life.
3. **Community Education and Engagement**: Through its educational initiatives, 704 Fhc LLC empowers community members with knowledge about housing options, rights, and responsibilities, fostering a more informed and engaged citizenry.
4. **Research and Development**: The organization’s commitment to research enables it to identify housing market trends, community needs, and best practices, leading to more effective and sustainable housing solutions.
5. **Long-term Sustainability**: By managing and maintaining housing units, 704 Fhc LLC ensures that affordable housing remains available over the long term, contributing to the stability and resilience of the community.
Overall, 704 Fhc LLC significantly contributes to enhancing the quality of life for residents in Falmouth by tackling housing insecurity and promoting economic stability.
This information is meant to be a general summary of 704 Fhc Llc. 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: $3,319
- Program Service Revenue: $1,099,089
- Gross Receipts: $1,149,759
Assets and Liabilities:
- Total Assets: $4,421,705
- Total Liabilities: $5,265,250
- Net Assets: -$843,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,099,089
Organization Details
Founding Year
2005
Principal Officer
Linda Clark
Main Address
FALMOUTH HOUSING CORP 704 MAIN ST, FALMOUTH, MA, 02540
NTEE Category
Code: L21 - Housing
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