Overview
What is National Housing Corporation?
National Housing Corporation is a non-profit organization situated in San Marcos, California, with a primary focus on preserving affordable housing. They act as the managing general partner, securing low-income housing for approximately 3,021 rehabilitated units. They also extend their support to senior tenants, offering transportation and meals for those residing in 65 units. Additionally, the corporation has played a significant role in setting up dental health clinics and after-school programs for their tenants. To ensure the affordability of properties, they have acquired three units in Solana Beach, California. Furthermore, National Housing Corporation has been instrumental in the rehabilitation of Sagewood Manor Apartments in Twentynine Palms, California, to maintain its affordability. Overall, the organization is committed to developing, acquiring, and rehabilitating affordable housing projects, improving the quality of life for their residents through various programs and services.
Is National Housing Corporation legitimate?
National Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Housing 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: $117,692
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of National Housing Corporation?
The National Housing Corporation, as a non-profit entity, is committed to preserving affordable housing. They engage in developing and acquiring new or rehabilitated affordable housing projects. To further their mission, they apply for and secure loans and grants for the development and operation of such projects. The corporation provides programs and services to the residents, aiming to enhance their quality of life. Their efforts are focused on improving the living conditions of individuals in need of affordable housing.
Who is the CEO of National Housing Corporation?
Stephen Margetic is the Principal Officer of National Housing Corporation.
What is the revenue of National Housing Corporation?
National Housing Corporation's revenue in 2022 was $319,414.
Who are the executives of National Housing Corporation and what are their salaries?
The average compensation at National Housing Corporation during 2022 was $117,692. There is 1 employee at National Housing Corporation.
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: $117,692
- Related: $0
- Other: $36,271
Where can I find the form 990 for National Housing Corporation?
National Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Housing Corporation
National Housing Corporation, a non-profit organization, is committed to preserving affordable housing. Their mission involves developing and acquiring new or rehabilitated affordable housing projects. They secure these projects by applying for and obtaining loans and grants, ensuring the availability of affordable housing units. Moreover, National Housing Corporation provides programs and services to enhance the quality of life for the residents living in these projects. Their efforts are geared towards improving the living conditions of those in need, thereby contributing to a more equitable housing landscape.
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Impact
October, 2024
National Housing Corporation (NHC) plays a significant role in addressing the affordable housing crisis through its focus on managing general partnerships that secure low-income housing. By rehabilitating and developing affordable housing units, NHC has successfully revitalized 3,021 units, ensuring that they remain accessible to low-income families.
In addition to housing initiatives, NHC provides essential support services for its tenants. For instance, it facilitates transportation and meals for residents aged 65 and older in 65 units, promoting their well-being and quality of life. The organization's impact extends further with the establishment of dental health clinics and after-school programs, addressing health and educational gaps within the community.
NHC's strategic acquisitions, such as the three units in Solana Beach, CA, help maintain affordability in high-demand areas. Furthermore, their involvement in the rehabilitation of properties like Sagewood Manor Apartments in Twentynine Palms, CA, showcases their commitment to preserving affordable housing options that might otherwise be lost.
Overall, NHC's efforts not only enhance the availability of affordable housing but also foster community development and improve the everyday lives of its residents.
This information is meant to be a general summary of National Housing 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: $7,822
- Program Service Revenue: $311,592
- Gross Receipts: $319,414
Assets and Liabilities:
- Total Assets: $1,664,237
- Total Liabilities: $561,653
- Net Assets: $1,102,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR MANAGEMENT
Revenue
$254,928
LOW INCOME RENTS
Revenue
$56,664
Organization Details
Founding Year
2005
Phone
(760) 591-9737Principal Officer
Stephen Margetic
Main Address
1649 CAPALINA ROAD 500, SAN MARCOS, CA, 92069
NTEE Category
Code: L20 - Housing
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