Overview
What is Melrose Affordable Housing Corporation?
Melrose Affordable Housing Corporation is a nonprofit organization committed to providing affordable housing solutions for individuals with limited income. They achieve this mission through the development, construction, and management of housing properties, all under their Affordable Rental Housing program. By doing so, they make it possible for many individuals and families to secure safe and comfortable homes that they can afford.
Is Melrose Affordable Housing Corporation legitimate?
Melrose Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melrose Affordable 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.
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What is the mission statement of Melrose Affordable Housing Corporation?
Melrose Affordable Housing Corporation is committed to offering affordable housing rental rates for individuals with low income. The corporation achieves this mission through its Affordable Rental Housing program, which involves developing, constructing, and managing housing properties. The primary goal is to provide affordable living solutions for individuals who may not have the financial means to secure housing at market rates. By offering affordable housing, the corporation aims to contribute to a more equitable and inclusive society where everyone has access to basic necessities, including a place to call home.
What is the revenue of Melrose Affordable Housing Corporation?
Melrose Affordable Housing Corporation's revenue in 2023 was $282,655.
Who are the executives of Melrose Affordable Housing Corporation and what are their salaries?
There 6 volunteers at Melrose Affordable Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Melrose Affordable Housing Corporation?
Melrose Affordable Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Melrose Affordable Housing Corporation
Melrose Affordable Housing Corporation is dedicated to providing affordable housing solutions for individuals with modest incomes. Their mission is centered around offering reasonable rental rates, enabling these individuals to secure a place to call home. The corporation achieves this by developing, constructing, and managing housing properties through its Affordable Rental Housing program. By doing so, Melrose Affordable Housing Corporation plays a significant role in ensuring that economically disadvantaged individuals have access to decent living conditions.
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Impact
October, 2024
Melrose Affordable Housing Corporation significantly impacts the community by providing affordable housing solutions for individuals with low income. Through its Affordable Rental Housing program, it develops, constructs, and manages housing properties that ensure access to safe and affordable living conditions. By offering rental rates tailored to financially constrained individuals, the corporation addresses essential housing needs, reduces homelessness risk, and fosters stability among residents in Melrose, MA. This initiative not only enhances the quality of life for those who benefit from affordable housing but also contributes to the overall health and diversity of the local community.
This information is meant to be a general summary of Melrose Affordable 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 2023.
- Investment Income: $1,705
- Program Service Revenue: $276,950
- Gross Receipts: $282,655
Assets and Liabilities:
- Total Assets: $2,165,350
- Total Liabilities: $2,300,319
- Net Assets: -$134,969
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Organization Details
Founding Year
2001
Principal Officer
Dana Lewinter
NTEE Category
Code: L20 - Housing
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