Overview
What is Fort Worth Affordability Inc?
Fort Worth Affordability Inc, abbreviated as FWAI, is a nonprofit organization based in Fort Worth, Texas. Its primary mission is to promote community welfare by providing affordable housing options. They accomplish this by financing the development and renovation of properties that are part of Fort Worth Housing Solutions' portfolio. FWAI also serves as the owner of several apartment complexes, including Spring Hill Apartments, Spring Glen Apartments, Carlyle Crossing Apartments, Hillside Apartments, and Overton Park Townhomes. By doing so, they support Fort Worth Housing Solutions' mission of offering decent, affordable housing to low-income families in Fort Worth and Tarrant County, Texas, while providing essential support services to its residents.
Is Fort Worth Affordability Inc legitimate?
Fort Worth Affordability Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Affordability 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
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What is the mission statement of Fort Worth Affordability Inc?
Fort Worth Affordability Inc, as a supporting entity, works towards the mission of Fort Worth Housing Solutions. This mission is centered around promoting community welfare by providing decent housing that is affordable to low-income families. The organization plays a significant role in financing the development and rehabilitation of certain properties under Fort Worth Housing Solutions' portfolio. Additionally, Fort Worth Affordability Inc acts as the owner of several apartment complexes, such as Spring Hill Apartments, Spring Glen Apartments, Carlyle Crossing Apartments, Hillside Apartments, and Overton Park Townhomes, providing housing solutions for those in need.
Who is the CEO of Fort Worth Affordability Inc?
Mary-Margaret Lemons is the Commissioner of Fort Worth Affordability Inc.
What is the revenue of Fort Worth Affordability Inc?
Fort Worth Affordability Inc's revenue in 2022 was $476,671.
Who are the executives of Fort Worth Affordability Inc and what are their salaries?
There 5 volunteers at Fort Worth Affordability Inc.
Here are 7 key members and their salaries:
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- Related: $284,558
- Other: $34,785
- Compensation: $0
- Related: $175,330
- Other: $24,434
Where can I find the form 990 for Fort Worth Affordability Inc?
Fort Worth Affordability Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Worth Affordability Inc
Fort Worth Affordability Inc, a nonprofit organization, is committed to promoting community welfare by providing affordable housing solutions. Their mission aligns with Fort Worth Housing Solutions, whose primary objective is to enhance community welfare by offering decent housing that is affordable to low-income families in Fort Worth, Texas, and Tarrant County. Fort Worth Affordability Inc plays a significant role in this mission by financing the development and renovation of certain properties that fall under Fort Worth Housing Solutions' portfolio. Moreover, the organization serves as the owner of several housing complexes, including Spring Hill Apartments, Spring Glen Apartments, Carlyle Crossing Apartments, Hillside Apartments, and Overton Park Townhomes. By providing affordable housing and supporting services to its residents, Fort Worth Affordability Inc contributes to the well-being of its community, ensuring that low-income families have access to decent living spaces.
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Impact
October, 2024
Fort Worth Affordability Inc significantly enhances community welfare by providing affordable housing options for low-income families in Fort Worth and Tarrant County. By financing the development and rehabilitation of properties under the Fort Worth Housing Solutions' portfolio, the organization ensures that decent housing is accessible to those in need.
As the owner of several apartment complexes, including Spring Hill Apartments and Carlyle Crossing Apartments, FWAI directly impacts the lives of residents by creating stable living environments. The organization not only addresses the urgent need for affordable housing but also offers support services to residents, fostering a sense of community and stability. This comprehensive approach contributes to the overall well-being of families, helping them thrive in a supportive setting.
This information is meant to be a general summary of Fort Worth Affordability 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: $227,321
- Program Service Revenue: $248,350
- Gross Receipts: $476,671
Assets and Liabilities:
- Total Assets: $22,842,181
- Total Liabilities: $6,996,555
- Net Assets: $15,845,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$248,350
Organization Details
Founding Year
2004
Phone
(817) 877-8850Principal Officer
Mary-Margaret Lemons
Main Address
1407 TEXAS ST, FORT WORTH, TX, 76102
NTEE Category
Code: L20 - Housing
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