Overview
What is Act Affordable Housing Inc?
Act Affordable Housing Inc is a nonprofit organization with the primary mission of addressing the housing needs of low-income families. Their purpose encompasses the acquisition, development, ownership, and operation of affordable housing units. The corporation's primary focus is to make housing accessible and affordable for this demographic, thereby improving their living conditions and overall well-being. The organization's mission is steadfast in its commitment to providing affordable housing solutions, ensuring that low-income families have a safe and comfortable place to call home.
Is Act Affordable Housing Inc legitimate?
Act Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Act Affordable Housing 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Act Affordable Housing Inc?
Act Affordable Housing Inc's mission is centered around providing affordable housing solutions for low-income families. The organization engages in the acquisition, development, ownership, and operation of such housing units, aiming to make affordable housing a reality for those in need. By undertaking these activities, Act Affordable Housing Inc seeks to contribute to the betterment of living conditions for these families. The corporation's primary purpose is to provide affordable housing, serving as a vital resource for those who may otherwise struggle to secure suitable housing options.
Who is the CEO of Act Affordable Housing Inc?
Richard Burns is the Board Member / President of Act Affordable Housing Inc.
What is the revenue of Act Affordable Housing Inc?
Act Affordable Housing Inc's revenue in 2022 was $409,160.
Who are the executives of Act Affordable Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $277,541
- Other: $17,448
- Compensation: $0
- Related: $698,152
- Other: $15,142
- Compensation: $0
- Related: $241,060
- Other: $28,864
- Compensation: $0
- Related: $301,039
- Other: $24,243
- Compensation: $0
- Related: $261,998
- Other: $0
- Compensation: $0
- Related: $396,590
- Other: $0
- Compensation: $0
- Related: $479,781
- Other: $28,850
Where can I find the form 990 for Act Affordable Housing Inc?
Act Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Act Affordable Housing Inc
Act Affordable Housing Inc, as its mission statement suggests, is dedicated to procuring, constructing, maintaining, and managing affordable housing for families with low income. This nonprofit organization's primary objective is to render assistance in the acquisition, development, ownership, and operation of such housing units, ensuring that individuals and families in financial need can secure a suitable and affordable place to call home. By providing affordable housing, Act Affordable Housing Inc aims to contribute to the overall well-being and stability of low income families, empowering them to build a better future for themselves.
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Impact
October, 2024
Act Affordable Housing Inc significantly impacts low-income families by facilitating the acquisition, development, ownership, and operation of affordable housing in New York. By addressing the critical need for affordable housing, it helps alleviate the burden of housing insecurity for those facing economic challenges. Through its initiatives, the organization not only provides shelter but also fosters stable communities, enabling families to thrive by securing a safe and reliable place to live. This work contributes to reducing homelessness and instability, promoting overall well-being and empowerment for low-income families. Moreover, by focusing on long-term housing solutions, Act Affordable Housing Inc supports a more equitable and inclusive housing landscape in the region.
This information is meant to be a general summary of Act Affordable Housing 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: $137
- Program Service Revenue: $409,023
- Gross Receipts: $409,160
Assets and Liabilities:
- Total Assets: $1,619,812
- Total Liabilities: $1,802,173
- Net Assets: -$182,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$398,967
OTHER REVENUE
Revenue
$10,056
Organization Details
Founding Year
1996
Phone
(646) 336-4940Principal Officer
Richard Burns
Main Address
122 EAST 42ND STREET SUITE 4900, NEW YORK, NY, 10168
NTEE Category
Code: L200 - Housing
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