Overview
What is Homestretch Nonprofit Housing Corporation?
Homestretch Nonprofit Housing Corporation, situated in Traverse City, Michigan, is a dedicated organization with a mission to provide decent and affordable housing for individuals of low and moderate income. Over the years, they've made significant strides, constructing over 130 affordable housing units across their service area. These units include both rental opportunities and homeownership chances, with 44 affordable rentals and 89 homeownership options available in Traverse City alone. Recently, they completed the construction of 8 affordable rental units named Honor Village Apartments and started constructing 8 townhouses in Suttons Bay Township. Their primary goal is to maintain the quality and affordability of housing for the current and future low to moderate income residents of the community.
Official website here: www.homestretchhousing.org
Is Homestretch Nonprofit Housing Corporation legitimate?
Homestretch Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestretch 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: $22,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,268
For more financial information, click here
Official website here: www.homestretchhousing.org
What is the mission statement of Homestretch Nonprofit Housing Corporation?
Homestretch Nonprofit Housing Corporation's mission is centered around providing decent and affordable housing for individuals with low and moderate income. They strive to maintain the quality and affordability of housing for their current and future residents. Over the years, they have developed and finalized the construction of several affordable housing units for sale and rental, as well as offering opportunities for homeownership. As of recent, they have completed the construction of Honor Village Apartments and started constructing Vineyard View Townhouses.
Official website here: www.homestretchhousing.org
Who is the CEO of Homestretch Nonprofit Housing Corporation?
Geoff Streit is the Executive Director of Homestretch Nonprofit Housing Corporation.
Official website here: www.homestretchhousing.org
What is the revenue of Homestretch Nonprofit Housing Corporation?
Homestretch Nonprofit Housing Corporation's revenue in 2022 was $306,269.
Official website here: www.homestretchhousing.org
Who are the executives of Homestretch Nonprofit Housing Corporation and what are their salaries?
The average compensation at Homestretch Nonprofit Housing Corporation during 2022 was $12,160. There are 3 employees and 13 volunteers at Homestretch Nonprofit Housing Corporation.
Here are 14 key members and their salaries:
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Official website here: www.homestretchhousing.org
Where can I find the form 990 for Homestretch Nonprofit Housing Corporation?
Homestretch Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homestretchhousing.org
Learn more at the official website: www.homestretchhousing.org
Mission Statement of Homestretch Nonprofit Housing Corporation
Homestretch Nonprofit Housing Corporation is dedicated to providing decent and affordable housing options for individuals of low and moderate income. This mission is carried out through two primary goals: firstly, the organization works to preserve the quality and affordability of existing housing for current and future residents in the community. Secondly, Homestretch actively develops new affordable housing units for sale and rental.
As of the information provided, Homestretch has successfully fulfilled this mission by creating over 130 affordable housing units for sale, offering 44 rental units at below market rates, and providing 89 opportunities for homeownership. Most recently, they completed the construction of 8 affordable rental units in Honor, Michigan, known as the Honor Village Apartments, and began constructing 8 townhouses in Suttons Bay Township, named Vineyard View Apartments. These initiatives demonstrate Homestretch's commitment to expanding and maintaining affordable housing options for individuals in need.
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Impact
October, 2024
Homestretch Nonprofit Housing Corporation has a significant impact on the community by providing decent and affordable housing options for low and moderate-income individuals and families. Over the years, they have developed more than 130 affordable units for sale across their service area. In addition to ownership opportunities, they have also offered 44 below-market-rate rental options in Traverse City, enhancing access to housing for those in need.
Recently, they completed the construction of 8 affordable rental units known as the Honor Village Apartments, which were placed in service in February 2023. Moreover, construction is underway for 8 townhouses at Vineyard View Apartments in Suttons Bay Township, further diversifying housing options in the region. Homestretch is committed to preserving the quality and affordability of housing, ensuring that present and future residents have access to safe and stable living conditions in the community. Their efforts contribute significantly to the overall well-being and sustainability of the local population.
This information is meant to be a general summary of Homestretch 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: $86
- Program Service Revenue: $48,149
- Gross Receipts: $306,269
Assets and Liabilities:
- Total Assets: $5,531,503
- Total Liabilities: $4,189,556
- Net Assets: $1,341,947
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION
Revenue
$26,705
ADMINISTRATIVE FEES
Revenue
$21,444
Organization Details
Founding Year
1996
Phone
(231) 947-6001Principal Officer
Geoff Streit
Main Address
400 BOARDMAN AVE 10, TRAVERSE CITY, MI, 49684
Website
www.homestretchhousing.orgNTEE Category
Code: L210 - Housing
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