Overview
What is Maac Housing Corporation?
Maac Housing Corporation, based in Chula Vista, California, is a nonprofit organization committed to providing decent, safe, and affordable housing for low-income individuals and families. Established with this purpose, the corporation has expanded its operations by acquiring and owning various affordable rental housing projects in San Diego County. These projects include the President John Adams Manor Apartments, comprising 300 units, and the San Martin de Porres Apartments, with 116 units. In addition, Maac Housing Corporation has partnerships to develop more affordable rental housing projects, with construction expected to commence in 2022. The corporation's projects not only offer housing but also create supportive communities, with quality property management, tenant governance councils, culturally-sensitive social services, work skill enhancement programs, community leadership, and intervention strategies for children and youth. Residents receive a comprehensive program of support services, such as libraries, after-school reading programs, on-site childcare, an active tenant association, a lunch program, and summer camp participation programs. Maac Housing Corporation's mission aligns with the Metropolitan Area Advisory Committee on Anti-Poverty of San Diego County, Inc, and it continues to promote welfare and affordable housing in the region.
Is Maac Housing Corporation legitimate?
Maac Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maac 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: $369,896
For more financial information, click here
What is the mission statement of Maac Housing Corporation?
Maac Housing Corporation was established with the mission to promote decent, safe, and affordable housing for low-income individuals and families. To achieve this, the corporation engages in various activities, such as acquiring and managing affordable rental housing projects, transferring community centers, and becoming a limited partner in partnerships for developing new affordable housing projects. These projects not only provide housing but also foster supportive communities with quality property management, tenant governance councils, and culturally-sensitive social services. Additionally, Maac Housing Corporation offers a range of support services to its residents, including libraries, after-school reading programs, on-site childcare, tenant associations, and summer camp participation programs. Overall, the corporation's goal is to contribute to the better living conditions of low-income families and individuals.
Who is the CEO of Maac Housing Corporation?
Arnulfo Manriquez is the CEO of Maac Housing Corporation The CEO's salary of Maac Housing Corporation is $0 and their total compensation is $411,384.
What is the revenue of Maac Housing Corporation?
Maac Housing Corporation's revenue in 2023 was $5,471,154.
Who are the executives of Maac Housing Corporation and what are their salaries?
Here are 3 key members and their salaries (Maac Housing Corporation's CEO's salary is $0 and their total compensation is $411,384):
- Compensation: $0
- Related: $358,120
- Other: $53,264
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $203,011
- Other: $29,572
Where can I find the form 990 for Maac Housing Corporation?
Maac Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Maac Housing Corporation
Maac Housing Corporation, a nonprofit organization, was established with a mission to promote decent, safe, and affordable housing for low-income individuals and families. This mission is carried out through various projects, including the Carlsbad Laurel Tree Apartments, President John Adams Manor Apartments, and San Martin de Porres Apartments. These projects provide affordable rental housing units, ranging from 138 in Carlsbad to 300 in San Diego City.
In addition to providing housing, Maac Housing Corporation also creates supportive communities around these projects. These communities offer quality property management, tenant governance councils, culturally-sensitive social services, work skill enhancement programs, community leadership and organization, and intervention strategies for children and youth. The organization provides a comprehensive program of support services to its residents, including a library, after-school reading program, on-site childcare, an active tenant association, a lunch program, and a summer camp participation program.
The mission of Maac Housing Corporation goes beyond just providing housing. It aims to support the Metropolitan Area Advisory Committee on Anti-Poverty of San Diego County, Inc., a California nonprofit benefit corporation. By doing so, Maac Housing Corporation contributes to the larger goal of improving living conditions and opportunities for low-income individuals and families.
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Impact
October, 2024
Maac Housing Corporation significantly impacts communities by promoting decent, safe, and affordable housing for low-income individuals and families throughout San Diego County, California. Their initiatives include the development and management of multiple affordable housing projects, such as the Carlsbad Laurel Tree Apartments, which provides 138 housing units, and the President John Adams Manor Apartments, consisting of 300 units. Additionally, the San Martin de Porres project offers 116 affordable rental units, catering to the pressing need for low-income housing in the area.
Beyond merely supplying housing, Maac Housing Corporation fosters supportive communities by implementing quality property management and tenant governance councils. Their commitment extends to culturally-sensitive social services and work skill enhancement programs, which help residents become more self-sufficient. They also focus on community leadership and organizational strategies, essential for building strong neighborhood ties.
Maac Housing further enriches the lives of its residents by offering a comprehensive suite of support services. These include educational programs such as an after-school reading initiative, on-site childcare, and various recreational activities, including summer camps and lunch programs. Their holistic approach to community well-being not only addresses housing needs but also promotes overall quality of life and social cohesion, exemplifying a strong and effective model for affordable housing solutions.
This information is meant to be a general summary of Maac 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: $988,660
- Program Service Revenue: $4,482,494
- Gross Receipts: $5,471,154
Assets and Liabilities:
- Total Assets: $48,248,981
- Total Liabilities: $5,800,930
- Net Assets: $42,448,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$4,176,559
TENANT CHARGES
Revenue
$128,254
LAUNDRY AND VENDING
Revenue
$66,195
DAYCARE CENTER
Revenue
$111,486
Organization Details
Founding Year
2000
Principal Officer
Arnulfo Manriquez
NTEE Category
Code: L200 - Housing
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