Overview
What is Gloucester County Housing Development Corporation?
Gloucester County Housing Development Corporation serves as an agency or instrumentality of the Housing Authority of Gloucester County, dedicated to carrying out or supporting housing projects for individuals of low income. Approved by the Housing Authority, their activities are in line with the Local Housing Authority Law, the United States Housing Act of 1937, as amended, and HUD regulations. They recently financed senior citizen housing through a second mortgage to PMURC, LLC, the building's owner. Additionally, they act as a conduit for federal loans, such as the Federal Home Loan Bank's AHP loan. The corporation's primary mission is to provide affordable housing solutions and contribute to community development for residents in need.
Is Gloucester County Housing Development Corporation legitimate?
Gloucester County Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester County Housing Development 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:
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What is the mission statement of Gloucester County Housing Development Corporation?
The Gloucester County Housing Development Corporation serves as an agency or instrumental entity, working in collaboration with the Housing Authority of Gloucester County. Its primary objective is to carry out or assist in carrying out one or more housing projects for individuals with low income, as approved by the Housing Authority. This is in accordance with the Local Housing Authority Law, the United States Housing Act of 1937, as amended, and HUD regulations. In specific instances, the corporation has financed senior citizen housing through a second mortgage with PMURC, LLC, the building's owner, and has also acted as a conduit for federal loans from the Federal Home Loan Bank's AHP program.
Who is the CEO of Gloucester County Housing Development Corporation?
Kimberly Gober is the Vice Chairperson of Gloucester County Housing Development Corporation.
What is the revenue of Gloucester County Housing Development Corporation?
Gloucester County Housing Development Corporation's revenue in 2022 was $466,359.
Who are the executives of Gloucester County Housing Development Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $128,632
- Other: $20,468
Where can I find the form 990 for Gloucester County Housing Development Corporation?
Gloucester County Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gloucester County Housing Development Corporation
The Gloucester County Housing Development Corporation serves as an agency or instrumentality of the Housing Authority of Gloucester County, playing a crucial role in executing or assisting in the implementation of housing projects for individuals with low income. Approved by the housing authority, these projects adhere to the Local Housing Authority Law, the United States Housing Act of 1937, as amended, and HUD regulations. The organization's primary mission is to facilitate the financing of senior citizen housing by providing a second mortgage to PMURC, LLC, the building's owner. Additionally, the Gloucester County Housing Development Corporation acts as a conduit for the Federal Home Loan Bank's AHP loan, further supporting affordable housing initiatives.
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Impact
October, 2024
The Gloucester County Housing Development Corporation significantly advances housing opportunities for low-income individuals and families in Gloucester County. By acting as an agency of the Housing Authority, it facilitates the development and execution of various housing projects tailored specifically for those in need.
One notable contribution is its financing of senior citizen housing, which enables greater accessibility to safe and affordable living conditions for the elderly population. The Corporation has successfully managed funding mechanisms, such as securing a second mortgage for PMURC, LLC, the owner of the senior housing facility. Additionally, it has acted as a conduit for federal funding, including loans from the Federal Home Loan Bank, which bolsters financial support for housing projects.
Through these efforts, the Corporation plays a pivotal role in addressing housing shortages and improving the quality of life for residents in Deptford, NJ, and surrounding areas, ensuring that low-income individuals have access to essential housing resources and supportive living environments.
This information is meant to be a general summary of Gloucester County 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.
- Investment Income: $22
- Program Service Revenue: $466,337
- Gross Receipts: $466,359
Assets and Liabilities:
- Total Assets: $8,442,862
- Total Liabilities: $1,607,394
- Net Assets: $6,835,468
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
Revenue
$244,628
MORTGAGE INTEREST INCO
Revenue
$161,343
MANAGEMENT FEES
Revenue
$59,866
NON DWELLING RENTAL IN
Revenue
$500
Organization Details
Founding Year
1978
Phone
(856) 845-4959Principal Officer
Kimberly Gober
Main Address
100 POP MOYLAN BLVD, DEPTFORD, NJ, 080961907
NTEE Category
Code: L20Z - Housing
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