Overview
What is Better Homes Of Laurel Ii Inc?
Better Homes of Laurel II Inc. is a nonprofit organization that specializes in low-income housing. They manage a federally subsidized multi-family housing project, offering 30 residences to families with moderate to low incomes. The primary mission of this organization is to provide affordable living spaces, contributing to the well-being of the community by catering to families who may otherwise struggle to secure suitable housing.
Is Better Homes Of Laurel Ii Inc legitimate?
Better Homes Of Laurel Ii Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Better Homes Of Laurel Ii 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $63,035
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What is the mission statement of Better Homes Of Laurel Ii Inc?
Better Homes of Laurel II Inc is dedicated to providing affordable housing solutions. As a federally subsidized multi-family housing project, it offers 30 units to families falling under the categories of low and moderate income. The organization's mission is centered around accommodating individuals who may have limited financial resources, ensuring they can secure a place to call home.
Who is the CEO of Better Homes Of Laurel Ii Inc?
Andrew Hartstein is the Director of Better Homes Of Laurel Ii Inc.
What is the revenue of Better Homes Of Laurel Ii Inc?
Better Homes Of Laurel Ii Inc's revenue in 2023 was $339,665.
Who are the executives of Better Homes Of Laurel Ii Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Better Homes Of Laurel Ii Inc?
Better Homes Of Laurel Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Better Homes Of Laurel Ii Inc
Better Homes of Laurel II Inc is committed to providing low-income housing solutions. As a mission-driven organization, it aims to make 30 residential units available to families with modest incomes. This federally subsidized multi-family housing project is a testament to Better Homes of Laurel II Inc's dedication to fostering an inclusive living environment for those who may struggle financially. By offering affordable housing, the organization plays a crucial role in supporting the well-being and stability of low-income families, enabling them to focus on other essential aspects of their lives.
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Impact
October, 2024
Better Homes Of Laurel Ii Inc plays a crucial role in addressing the housing needs of low and moderate-income families in Laurel, Delaware. By providing 30 federally subsidized multi-family housing units, it helps alleviate the challenges faced by families struggling to find affordable living spaces. This initiative not only enhances the quality of life for residents by offering stable housing but also fosters a sense of community and belonging. Additionally, the organization contributes to local economic stability by ensuring that families have access to safe and secure homes, which can lead to improved educational and employment opportunities for residents. Overall, Better Homes Of Laurel Ii Inc significantly impacts the community by promoting housing security and inclusivity.
This information is meant to be a general summary of Better Homes Of Laurel Ii 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 2023.
- Investment Income: $2,232
- Program Service Revenue: $334,373
- Gross Receipts: $339,665
Assets and Liabilities:
- Total Assets: $971,346
- Total Liabilities: $869,775
- Net Assets: $101,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$334,373
Organization Details
Founding Year
1982
Phone
(302) 875-4281Principal Officer
Andrew Hartstein
Main Address
PO BOX 635, LAUREL, DE, 19956
NTEE Category
Code: L20 - Housing
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