Overview
What is Virginia United Methodist Housing Development Corporation?
Virginia United Methodist Housing Development Corporation (VUMHDC) is a nonprofit organization situated in Roanoke, Virginia. With a single employee, VUMHDC is dedicated to serving low to moderate-income individuals in Virginia. They accomplish this mission by developing, owning, operating, and sustaining high-quality affordable housing communities. VUMHDC's scope extends beyond their own properties, as they also partner with other private market developers in eighteen additional projects, providing approximately 1,962 affordable housing units across Virginia. These housing units are made accessible to eligible individuals through various programs funded by HUD and VHDA. Overall, VUMHDC's primary focus is on promoting affordable housing options for those in need in the Virginia community.
Is Virginia United Methodist Housing Development Corporation legitimate?
Virginia United Methodist Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Virginia United Methodist Housing Development 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: $11,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,984
For more financial information, click here
What is the mission statement of Virginia United Methodist Housing Development Corporation?
The Virginia United Methodist Housing Development Corporation (VUMHDC) is committed to serving low to moderate income individuals in Virginia. Their mission involves developing, owning, operating, and sustaining quality affordable housing communities. The corporation partners with others to further this mission and currently manages sixteen such properties, offering approximately 1,962 housing units classified as 'affordable' through various programs sponsored by HUD and VHDA. These properties are open to individuals who qualify under the applicable affordable housing programs.
What is the revenue of Virginia United Methodist Housing Development Corporation?
Virginia United Methodist Housing Development Corporation's revenue in 2023 was $8,114,342.
Who are the executives of Virginia United Methodist Housing Development Corporation and what are their salaries?
The average compensation at Virginia United Methodist Housing Development Corporation during 2023 was $286,684. There is 1 employee at Virginia United Methodist Housing Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $7,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Virginia United Methodist Housing Development Corporation?
Virginia United Methodist Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Virginia United Methodist Housing Development Corporation
Virginia United Methodist Housing Development Corporation (VUMHDC) is dedicated to serving low to moderate-income individuals in Virginia. Their mission is to develop, own, operate, and sustain quality affordable housing communities. VUMHDC actively participates in this mission by managing sixteen of these communities themselves and collaborating with other private market developers on eighteen additional properties. Together, these properties offer approximately 1,962 housing units that are classified as 'affordable' through various programs sponsored by HUD and VHDA. These properties are open to individuals who meet the criteria of these affordable housing programs, providing a viable living solution for a significant number of people.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Virginia United Methodist Housing Development Corporation significantly impacts the community by sponsoring and managing low-income housing projects in Virginia. With ownership and operation of sixteen affordable properties, along with partnerships in eighteen additional ones, VUMHDC provides approximately 1,962 housing units classified as "affordable." These units are made accessible through various programs sponsored by HUD and VHDA, ensuring that they are open to anyone who qualifies under the respective affordable housing programs.
The mission is clear: to serve low to moderate-income individuals by developing quality affordable housing communities and supporting other organizations in similar efforts. By creating and sustaining these housing opportunities, VUMHDC not only addresses the critical need for affordable housing but also fosters inclusive communities where individuals and families can thrive. This commitment enhances overall community stability and provides residents with a sense of belonging and security.
This information is meant to be a general summary of Virginia United Methodist Housing Development 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: $347,896
- Program Service Revenue: $3,061,038
- Gross Receipts: $8,239,530
Assets and Liabilities:
- Total Assets: $27,721,106
- Total Liabilities: $15,589,584
- Net Assets: $12,131,522
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$1,784,521
Developer Fees
Revenue
$295,498
Management Fees
Revenue
$956,305
Miscellaneous Program
Revenue
$24,714
Organization Details
Founding Year
1982
Principal Officer
Larry Dickenson
NTEE Category
Code: L20 - Housing
If you are a representative of Virginia United Methodist Housing Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.