Overview
What is Kalamazoo Family Nonprofit Housing Corporation?
The Kalamazoo Family Nonprofit Housing Corporation, situated in Portage, Michigan, is a nonprofit organization dedicated to assisting individuals and families with low incomes. Through their initiative, they offer fully-furnished houses, including utilities, to eligible individuals referred by the Kalamazoo County Public Housing Commission in collaboration with local human service agencies. Their mission, in accordance with federal guidelines and Michigan law, is to provide housing facilities for those who fall below income limits, as regulated by the Michigan State Housing Development Authority (MSHDA). The maximum rent for these residents is set at 30% of their income, following the HUD schedule.
Is Kalamazoo Family Nonprofit Housing Corporation legitimate?
Kalamazoo Family Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Family Nonprofit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kalamazoo Family Nonprofit Housing Corporation?
The Kalamazoo Family Nonprofit Housing Corporation, often referred to as FAMILY, is dedicated to providing housing facilities for individuals and families with low income. Its mission aligns with federal guidelines and the regulations set by the Michigan State Housing Development Authority (MSHDA). FAMILY collaborates with local human service agencies and the Kalamazoo County Public Housing Commission to refer eligible individuals and families. The organization ensures that the rent for its housing facilities does not exceed 30% of the tenant's income, following the HUD schedule based on income. In essence, the Kalamazoo Family Nonprofit Housing Corporation aims to make affordable housing accessible to those in need, adhering to the established income limits.
Who is the CEO of Kalamazoo Family Nonprofit Housing Corporation?
David P Artley is the President of Kalamazoo Family Nonprofit Housing Corporation.
What is the revenue of Kalamazoo Family Nonprofit Housing Corporation?
Kalamazoo Family Nonprofit Housing Corporation's revenue in 2022 was $87,951.
Who are the executives of Kalamazoo Family Nonprofit Housing Corporation and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Kalamazoo Family Nonprofit Housing Corporation?
Kalamazoo Family Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kalamazoo Family Nonprofit Housing Corporation
Kalamazoo Family Nonprofit Housing Corporation, often referred to as FAMILY, is a dedicated organization with a mission to provide housing facilities for individuals and families of low income. Established in accordance with federal guidelines and Michigan Law, as executed by the Michigan State Housing Development Authority (MSHDA), this nonprofit corporation's primary goal is to make housing accessible to those whose income falls below certain limits.
Through its services, FAMILY offers houses equipped with utilities to eligible individuals and families. These residents are typically referred by the Kalamazoo County Public Housing Commission in cooperation with local human service agencies. The rent for these residences is capped at a maximum of 30% of the tenant's income, using a schedule based on income provided by the Department of Housing and Urban Development (HUD). This approach ensures that residents are not burdened with an unreasonable financial strain due to housing expenses.
In essence, Kalamazoo Family Nonprofit Housing Corporation serves as a bridge, providing affordable housing solutions for individuals and families in need. By collaborating with local agencies and adhering to federal guidelines, FAMILY plays a crucial role in addressing housing inequalities and promoting socio-economic stability within its community.
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Impact
October, 2024
Kalamazoo Family Nonprofit Housing Corporation (FAMILY) has a significant impact on the community by offering accessible housing solutions to individuals and families with low incomes. By providing housing facilities, including utilities, FAMILY ensures that those referred by the Kalamazoo County Public Housing Commission have a safe and stable living environment.
The maximum rent set at 30% of income aligns with federal guidelines, making housing more affordable for residents. This affordability enables families to allocate their limited resources towards other essential needs such as food, healthcare, and education, ultimately improving their overall quality of life.
In cooperation with local human service agencies, FAMILY plays a vital role in addressing homelessness and housing insecurity within the community, helping to foster stability and self-sufficiency among its residents. The corporation's commitment to supporting low-income households not only aids in providing shelter but also contributes to the social and economic well-being of the broader community in Portage, Michigan.
This information is meant to be a general summary of Kalamazoo Family Nonprofit 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: $6,930
- Program Service Revenue: $17,765
- Gross Receipts: $87,951
Assets and Liabilities:
- Total Assets: $783,150
- Total Liabilities: $690,287
- Net Assets: $92,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent from low income tenants
Revenue
$13,895
IRS Refund of penalty with interest
Revenue
$3,870
Organization Details
Founding Year
2008
Phone
(269) 569-4888Principal Officer
David P Artley
Main Address
10095 Pepperell Court, Portage, MI, 49024
NTEE Category
Code: L21 - Housing
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