Overview
What is Northeast Housing Initiative Inc?
Northeast Housing Initiative Inc is a nonprofit organization committed to strengthening communities by focusing on housing. Through a program funded by the Nebraska Department of Economic Development (NDED), they utilize HUD home funds to renovate and sell homes. Their mission is to aid households earning less than 80% of the local median income, thereby contributing to the overall improvement of neighborhoods. Their work aims to enhance community resilience and living standards by providing affordable housing solutions.
Is Northeast Housing Initiative Inc legitimate?
Northeast Housing Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Northeast Housing Initiative 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 Northeast Housing Initiative Inc?
The Northeast Housing Initiative Inc., in its mission, focuses on strengthening communities by facilitating the purchase, renovation, and sale of homes. They utilize funding from the Nebraska Department of Economic Development (NDed)'s HUD homes to support households with income levels that do not exceed 80% of the local median income. The organization's primary goal is to contribute to the community's development through housing initiatives.
Who is the CEO of Northeast Housing Initiative Inc?
Cheryl Lund is the President of Northeast Housing Initiative Inc.
What is the revenue of Northeast Housing Initiative Inc?
Northeast Housing Initiative Inc's revenue in 2022 was $43,058.
Who are the executives of Northeast Housing Initiative Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Northeast Housing Initiative Inc?
Northeast Housing Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Housing Initiative Inc
Northeast Housing Initiative, a nonprofit organization, is dedicated to constructing robust communities by focusing on housing. Their mission is to administer a purchase, rehabilitation, and resale program, utilizing funds provided by the Nebraska Department of Economic Development (NDED). These funds are specifically allocated for the assistance of households whose income does not surpass 80% of the area median income. By implementing this program, Northeast Housing Initiative aims to strengthen communities by providing affordable housing options.
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Impact
October, 2024
Northeast Housing Initiative Inc has a significant impact on community development and housing stability in Allen, Nebraska. By administering the purchase, rehabilitation, and sale of homes, the initiative actively works to strengthen neighborhoods and promote affordable housing options. Utilizing HUD home funds provided by the Nebraska Department of Economic Development, this program focuses on assisting households with incomes at or below 80% of the area median income, making homeownership more accessible.
Through its efforts, Northeast Housing Initiative not only helps families secure safe and stable housing but also revitalizes communities by improving the quality of residential properties. This fosters a sense of belonging and enhances the overall living environment. Additionally, by investing in housing, the initiative contributes to economic growth and stability in the region, creating a ripple effect that benefits the broader community. Ultimately, the organization plays a critical role in ensuring that all residents have access to affordable housing and the opportunity to thrive.
This information is meant to be a general summary of Northeast Housing Initiative 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: $3,473
- Program Service Revenue: $37,857
- Gross Receipts: $43,058
Assets and Liabilities:
- Total Assets: $1,255,239
- Total Liabilities: $385,612
- Net Assets: $869,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL ASSISTANCE
Revenue
$37,857
Organization Details
Founding Year
2000
Phone
(402) 635-2078Principal Officer
Cheryl Lund
Main Address
110 EAST 2ND ST, ALLEN, NE, 68710
NTEE Category
Code: Z99 - Unknown
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