Overview
What is Norwalk Mutual Housing Inc?
Norwalk Mutual Housing Inc is a nonprofit organization situated in Norwalk, Connecticut, with two main properties under its management. These properties are eight-unit and seven-unit low-income rental apartments, offering affordable housing options for families with limited financial means. The organization's mission is to develop, own, and manage housing for families within the low and moderate income brackets. In addition to these two properties, Norwalk Mutual Housing Inc also oversees two other entities that collectively manage 32 units of low-income rental housing, continuing to expand its commitment to affordable housing solutions.
Is Norwalk Mutual Housing Inc legitimate?
Norwalk Mutual Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwalk Mutual Housing Inc 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 Norwalk Mutual Housing Inc?
Norwalk Mutual Housing Inc's mission is centered around providing housing opportunities for families with modest income levels. The organization actively engages in developing, owning, and managing such housing units to cater to this demographic. They oversee two low income rental apartment buildings, with rents ranging from a minimum of $280 per month to a maximum of 30% of the tenant's income. Additionally, the organization manages two other entities, which collectively offer 32 more units of low income rental housing.
Who is the CEO of Norwalk Mutual Housing Inc?
Marie Allen is the President of Norwalk Mutual Housing Inc.
What is the revenue of Norwalk Mutual Housing Inc?
Norwalk Mutual Housing Inc's revenue in 2022 was $171,871.
Who are the executives of Norwalk Mutual Housing Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Norwalk Mutual Housing Inc?
Norwalk Mutual Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norwalk Mutual Housing Inc
Norwalk Mutual Housing Inc, a nonprofit organization, is committed to its mission of providing housing solutions for families with low and moderate incomes. In pursuit of this goal, the organization engages in developing, owning, and managing residential properties. By doing so, they offer a home to families who might otherwise struggle to afford housing, ensuring that a minimum rent of $280 per month and a maximum of 30% of income is affordable for the residents. Beyond two of its own managed 8-unit and 7-unit low-income rental apartment buildings, Norwalk Mutual Housing Inc also oversees two other entities that collectively manage 32 units of low-income rental housing, thereby expanding its reach in the housing market for those in need.
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Impact
October, 2024
Norwalk Mutual Housing Inc plays a significant role in providing affordable housing for low and moderate-income families in Norwalk, CT. By owning and managing multiple rental properties, including an 8-unit and a 7-unit low-income apartment building, the organization ensures that these families have access to safe and stable housing.
With rents set at a minimum of $280 per month and capped at 30% of a family’s income, Norwalk Mutual Housing Inc makes it possible for families to secure housing that fits their financial capabilities. In total, the organization oversees 46 low-income rental units, directly contributing to the alleviation of housing challenges faced by the community. This commitment not only fosters stability for residents but also enhances the overall quality of life in the area, as families are better positioned to focus on education, employment, and community engagement when they have access to reliable housing solutions.
This information is meant to be a general summary of Norwalk Mutual Housing Inc. 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: $1
- Program Service Revenue: $171,870
- Gross Receipts: $171,871
Assets and Liabilities:
- Total Assets: $1,145,874
- Total Liabilities: $186,513
- Net Assets: $959,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rentals
Revenue
$171,870
Organization Details
Founding Year
2003
Phone
(203) 866-0001Principal Officer
Marie Allen
Main Address
6 Chestnut Street B, Norwalk, CT, 068542928
NTEE Category
Code: L20 - Housing
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