Overview
What is Virginia Affordable Housing Loan Fund?
The Virginia Affordable Housing Loan Fund is a nonprofit entity with a mission to promote and connect with suitable borrowers for Lynchburg Community Loan Products. These products are specifically designed to boost affordability and access to credit for individuals with lower to moderate incomes. The fund primarily provides housing loans to low-income individuals, contributing to their financial stability and housing needs.
Is Virginia Affordable Housing Loan Fund legitimate?
Virginia Affordable Housing Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Affordable Housing Loan Fund submitted a form 990EZ, 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.
What is the mission statement of Virginia Affordable Housing Loan Fund?
The Virginia Affordable Housing Loan Fund's mission is to promote the marketing and identification of suitable borrowers for housing loans specifically designed to enhance affordability and credit access for individuals with lower to moderate incomes. The primary objective of these loans is to provide housing solutions for the financially disadvantaged population. By doing so, the fund aims to contribute to a more equitable housing market, ensuring that individuals who might otherwise be excluded can secure decent housing options.
Who is the CEO of Virginia Affordable Housing Loan Fund?
Donald Ritenour is the President of Virginia Affordable Housing Loan Fund.
What is the revenue of Virginia Affordable Housing Loan Fund?
Virginia Affordable Housing Loan Fund's revenue in 2022 was $27,748.
Who are the executives of Virginia Affordable Housing Loan Fund and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990EZ for Virginia Affordable Housing Loan Fund?
Virginia Affordable Housing Loan Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Affordable Housing Loan Fund
The Virginia Affordable Housing Loan Fund's mission revolves around promoting and identifying suitable borrowers for Lynchburg Community Loan Products. These products are specifically designed to enhance affordability and expand credit access for individuals with moderate to low incomes. This nonprofit organization primarily focuses on providing housing loans to these low-income individuals, aiming to make housing more attainable for this demographic.
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Impact
August, 2024
The Virginia Affordable Housing Loan Fund's impact is significant in providing housing loans to low-income individuals in order to increase affordability and access to credit for low to moderate-income persons. This initiative plays a crucial role in helping individuals and families secure housing and improve their quality of life. The fund's efforts contribute to community improvement by addressing the critical need for affordable housing options in the region.
This information is meant to be a general summary of Virginia Affordable Housing Loan Fund. 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: $7,547
- Program Service Revenue: $201
- Gross Receipts: $27,748
Assets and Liabilities:
- Total Assets: $275,065
- Total Liabilities: $257,332
- Net Assets: $17,733
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Organization Details
Principal Officer
Donald Ritenour
Main Address
1710 GORDON AVENUE SUITE 2A, CHARLOTTESVILLE, VA, 22903
NTEE Category
Code: S20 - Community improvement
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