Overview
What is Preserving Affordable Housing Longterm?
Preserving Affordable Housing Longterm (PAHALI) is a nonprofit organization situated in East Palo Alto, California. Their primary mission is to acquire and maintain land for the purpose of providing permanently affordable housing for lower-income residents and other community-benefiting uses. While their primary revenue source is membership dues amounting to $160, they also receive significant support through grants and charitable contributions, which, as per the instructions, are not explicitly listed in the provided information. PAHALI's activities are focused on making land available for affordable housing and community-focused initiatives in East Palo Alto.
Official website here: www.pahali.org
Is Preserving Affordable Housing Longterm legitimate?
Preserving Affordable Housing Longterm is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserving Affordable Housing Longterm 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: $22,550
For more financial information, click here
Official website here: www.pahali.org
What is the mission statement of Preserving Affordable Housing Longterm?
Preserving Affordable Housing Longterm (Pahali) is committed to acquiring and maintaining land for the purpose of providing permanently affordable housing for lower-income individuals, as well as serving other community needs. The organization's mission is centered around the stewardship of land, making it accessible for affordable housing and community-focused initiatives. While the organization generates revenue through membership dues and grants, its primary focus remains on ensuring affordable housing options remain available for those in need. Pahali's activities encompass the acquisition and maintenance of land, with the ultimate goal of contributing to a more equitable housing landscape.
Official website here: www.pahali.org
Who is the CEO of Preserving Affordable Housing Longterm?
Duane Bay is the President of Preserving Affordable Housing Longterm.
Official website here: www.pahali.org
What is the revenue of Preserving Affordable Housing Longterm?
Preserving Affordable Housing Longterm's revenue in 2022 was $256,761.
Official website here: www.pahali.org
Who are the executives of Preserving Affordable Housing Longterm and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.pahali.org
Where can I find the form 990 for Preserving Affordable Housing Longterm?
Preserving Affordable Housing Longterm's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pahali.org
Learn more at the official website: www.pahali.org
Mission Statement of Preserving Affordable Housing Longterm
Preserving Affordable Housing Longterm, or Pahali, is dedicated to a noble mission. Their primary objective is to acquire and maintain land for the purpose of providing permanently affordable housing for lower-income individuals, as well as for community-serving uses. This mission is a crucial endeavor that aims to ensure the availability of affordable housing, a basic necessity often overlooked, particularly for those with limited financial resources.
To achieve this mission, Pahali engages in the stewardship of land, making it available for the development of affordable housing units. This sustained commitment to affordability is not only a financial commitment but also a social one, as it ensures that a diverse range of individuals can secure a decent place to call home. Additionally, Pahali's mission extends beyond housing, as it also includes other community-serving uses, contributing to the overall well-being of the community.
The funding for Pahali's mission comes from various sources. While membership dues play a minor role, with only $160 collected, the organization also receives significant support from grant funding and charitable contributions. However, the exact amount of this support is not specified in the provided information. Regardless, it is clear that Pahali relies on a combination of sources to fulfill its mission, demonstrating its commitment to providing affordable housing and community-serving resources.
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Impact
October, 2024
Preserving Affordable Housing Longterm significantly impacts the community by ensuring access to affordable housing for lower-income residents in East Palo Alto, CA. By acquiring and stewarding land specifically for permanently affordable housing, it addresses the growing housing crisis and helps prevent displacement in a region undergoing rapid development.
The initiative directly supports community stability by maintaining a stock of affordable living spaces, fostering diverse neighborhoods, and enabling lower-income families to remain in an area that is undergoing economic changes. By focusing on long-term housing solutions, it not only counters potential rent increases but also contributes to the overall economic resilience of the community.
Additionally, the organization’s efforts extend beyond housing, as it aims to create spaces for other community-serving uses. This holistic approach enriches the community’s social fabric, enhances access to essential services, and encourages local engagement. With significant funding sources, such as grants and charitable contributions, its sustainability is bolstered, allowing for long-term planning and better resources for ongoing community support. Overall, the presence of such initiatives is crucial for creating equitable urban development and enhancing the quality of life for East Palo Alto residents.
This information is meant to be a general summary of Preserving Affordable Housing Longterm. 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.
- Gross Receipts: $256,761
Assets and Liabilities:
- Total Assets: $1,367,776
- Total Liabilities: $420,000
- Net Assets: $947,776
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Organization Details
Founding Year
2011
Phone
(650) 804-0932Principal Officer
Duane Bay
Main Address
2369 University Avenue, East Palo Alto, CA, 94303
Website
www.pahali.orgNTEE Category
Code: L20 - Housing
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