Overview
What is Jones Memorial Community Development Corporation?
Jones Memorial Community Development Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary focus is on providing affordable housing opportunities for low-income families. With a total of 40 apartments, the corporation offers rental units at substantially lower prices than comparable properties in the area, ensuring that these families have access to decent housing within their means. The organization's mission is deeply rooted in the belief that everyone deserves a safe and stable living environment.
Is Jones Memorial Community Development Corporation legitimate?
Jones Memorial Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jones Memorial Community 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,848
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What is the mission statement of Jones Memorial Community Development Corporation?
The Jones Memorial Community Development Corporation is dedicated to providing affordable housing options for low-income families. It offers 40 apartments in Philadelphia, PA, charging rent significantly lower than the market rate for comparable housing. The organization's primary mission is to make housing accessible to families who may otherwise struggle with high rental costs.
What is the revenue of Jones Memorial Community Development Corporation?
Jones Memorial Community Development Corporation's revenue in 2024 was $476,451.
Who are the executives of Jones Memorial Community Development Corporation and what are their salaries?
There 3 volunteers at Jones Memorial Community Development Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Jones Memorial Community Development Corporation?
Jones Memorial Community Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Jones Memorial Community Development Corporation
Jones Memorial Community Development Corporation is dedicated to providing affordable housing solutions for low-income families. This nonprofit organization offers 40 apartments in Philadelphia, PA, charging rent below market rates for comparable housing. The primary mission of Jones Memorial Community Development Corporation is to offer a home to families who may not otherwise be able to afford it, demonstrating a commitment to social equity and community development.
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Impact
October, 2024
Jones Memorial Community Development Corporation significantly enhances the living conditions of low-income families in Philadelphia by providing access to affordable housing. The organization offers 40 apartments at rents that are substantially lower than the market rate, making it possible for families facing financial challenges to secure stable and quality housing. This initiative not only addresses immediate housing needs but also contributes to the broader community improvement by fostering stability and offering families the opportunity to thrive in a supportive environment. By focusing on affordable solutions, Jones Memorial plays a crucial role in alleviating housing insecurity and promoting a better quality of life for its residents.
This information is meant to be a general summary of Jones Memorial Community 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 2024.
- Investment Income: $2,874
- Program Service Revenue: $473,577
- Gross Receipts: $476,451
Assets and Liabilities:
- Total Assets: $423,992
- Total Liabilities: $263,628
- Net Assets: $160,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENTAL
Revenue
$472,331
TENANT CHARGES
Revenue
$1,246
Organization Details
Founding Year
1968
Principal Officer
Vivian S Buchanon
NTEE Category
Code: S30Z - Community improvement
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