Overview
What is Naugatuck Valley Housing Development Corporation?
The Naugatuck Valley Housing Development Corporation is a nonprofit organization that plays a significant role in the affordable housing sector. Their primary tasks involve offering guidance and training to cooperatives, as well as securing funding and acting as a developer for new cooperatives. This organization's mission is to foster the growth of affordable housing options, which it achieves by leveraging its proprietary control over land and collecting lease fees from its member cooperatives. The Naugatuck Valley Housing Development Corporation serves as a vital resource for cooperatives, ensuring they have the necessary support and resources to thrive.
Is Naugatuck Valley Housing Development Corporation legitimate?
Naugatuck Valley Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naugatuck Valley Housing Development Corporation submitted a form 990EZ, 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.
What is the mission statement of Naugatuck Valley Housing Development Corporation?
The Naugatuck Valley Housing Development Corporation's mission involves offering guidance and instruction to cooperatives. It also actively seeks funding and acts as a developer for the construction of new cooperatives and affordable housing units. The organization maintains proprietary control over land, earning lease fees from its members. Additionally, the corporation provides essential training to cooperatives, helping them to thrive and provide affordable housing solutions to their communities.
Who is the CEO of Naugatuck Valley Housing Development Corporation?
Father Cooney is the President of Naugatuck Valley Housing Development Corporation.
What is the revenue of Naugatuck Valley Housing Development Corporation?
Naugatuck Valley Housing Development Corporation's revenue in 2022 was $27,068.
Who are the executives of Naugatuck Valley Housing Development Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Naugatuck Valley Housing Development Corporation?
Naugatuck Valley Housing Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Naugatuck Valley Housing Development Corporation
The Naugatuck Valley Housing Development Corporation is an organization dedicated to offering guidance and training to cooperatives, as well as playing a role in the acquisition of funding and development of new cooperatives and affordable housing projects. This nonprofit corporation exercises proprietary control over land, earning lease fees from its member cooperatives. In essence, the Naugatuck Valley Housing Development Corporation serves as a mentor and developer for cooperatives, helping them establish and maintain affordable housing solutions.
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Impact
August, 2024
Naugatuck Valley Housing Development Corporation's impact can be seen in its provision of guidance and training to cooperatives, acquisition of funding, and role as a developer for new cooperatives and affordable housing projects. By receiving lease fees from members for land under its control, the organization is able to sustain its operations while providing crucial support to the community. Through its mission, Naugatuck Valley Housing Development Corporation contributes to the establishment of cooperative housing options and affordable housing solutions in the city of Waterbury, CT.
This information is meant to be a general summary of Naugatuck Valley Housing Development 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.
- Program Service Revenue: $24,480
- Gross Receipts: $27,068
Assets and Liabilities:
- Total Assets: $78,644
- Total Liabilities: $149
- Net Assets: $78,495
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Organization Details
Phone
(203) 574-2410Principal Officer
Father Cooney
Main Address
16 CHURCH ST CO ST JOHNS EPISCO, WATERBURY, CT, 06702
NTEE Category
Code: L20 - Housing
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